Online education platform for career planning has a potential to reach a total revenue of $1.75 billion

Are you planning to launch an online education platform, app or software to help students identify their desired career path and then best position the students to reach their desired outcome? If yes, then this market research report is for you.

TAM SAM and SOM of the online education platform, app or software to help students identify their desired career path and then best position the students to reach their desired outcome.

For a company that is starting or launching a platform, software or app targeting the education
sector in the United States, it has a potential to reach a total revenue of $1.75 billion up assuming that the product gets 100% of the market share at full market penetration of the targeted audience–those who are ready to adopt or use the proposed digital education platform.

Assuming a company gets 1% market share, then its possible revenue could reach up to $17.50 million.

Who should buy this market research report?

A business, individual or company that is developing a mobile, and web-based platform that enables the community, both inside and outside the school system, to help students identify their desired career path and then best position the students to reach their desired outcome.

Why you should buy this market research report about online education solution?

In this report, you will be able to learn the current market size for any educational software aimed at improving a students like skills and improving a students career preparedness. This includes trends and projected figures.

You will also be able to realize the total addressable market, how big is your target audience, your obtainable market and what are possible or potential revenues of this industry.

You will learn who are your competitors including their pricing model. The
competitions or market can include e-learning platforms, virtual mentoring platforms, or just anything that uses software to help students with career preparation and life skills. Competitors are those offering the following solutions.


1) Software that connects schools with community for verbal interactions or hands on experiences
2) Software that creates social network effects so people can share experiences.
3) Software that creates a students career plan and then builds a timeline the student can follow towards their desired out come.
4) Software that is educational but “gamified.”

Analysis of the online education target audience

Generally, the target audience for these products and services are people in the educational sector both inside and outside the school system. Target audience inside the school system are students (and parents), teachers, and school administrators while outside the school system are volunteers, mentors, community partners, and other related possible users. The target students consist of those entering middle school, high school, and college.

This report provides you the statistics of the target audience including possible revenues for each demographics.

What other scopes are included in this online education market research report?

  • Summary and overview of the market
  • Target audience for the product and services offered
  • Education software/application market size
  • Total Addressable Market (TAM) in the United States
  • TAM target audience statistics
  • Total TAM value
  • Serviceable Available Market (SAM)
  • SAM target audience statistics
  • Total SAM value
  • Serviceable Obtainable Market (SOM)
  • SOM target audience statistics
  • Total SOM value
  • TOP COMPETITORS including their demographic details and marketing strategies
  • Tables and graphs which includes the following

– Year-by-year market size of the global education software (2018 to 2023)

– Year-by-year market size of the education analytics tools globally and in North America (2019 to 2024)

Year-by-year market size of the education analytics tools globally and in North America (2019 to 2024)
Sample graphs provided in the report

Client review of this report:

Wow….just wow. They did a fantastic job putting this report together. They surpassed all expectations. Great job!

-Wale41

To buy this report, enter details below. We will reply and email you the report upon receipt of your order. Please give us a maximum 1-working days to process your order.

Online education platform/ application market analysis report

As per scope provided above: - Summary and overview of the market; Target audience for the product and services offered; Education software/application market size; Total Addressable Market (TAM) in the United States; TAM target audience statistics; Total TAM value; Serviceable Available Market (SAM); SAM target audience statistics; Total SAM value; Serviceable Obtainable Market (SOM); SOM target audience statistics; Total SOM value; TOP COMPETITORS including their demographic details and marketing strategies; Tables and graphs; references and sources

$14.85

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

How Do Publishers Generate Revenues From Ad Networks Such As Criteo, Taboola, Outbrain, and TrafficJunky

In this article, we have provided findings on how publishers–as opposed to direct advertisers–generates revenues from partnering with some of ad networks such as Criteo, Taboola, Outbrain, and TrafficJunky. Read below.

How Do Publishers Generate Revenues From Ad Networks Such As Criteo, Taboola, Outbrain, and TrafficJunky

We used Fotocasa.es as an example for revenue comparison. Each ad network has their own unique business model.

Outbrain

Here’s how Outbrain pay their publishers, for example, in this case is Fotocasa.es.

According to a Financial Times interview with Outbrain’s managing director in Europe, Outbrain shares 50% or half of any revenue generated with their partner sites. The cost per click paid is said to range from $0.15 to $0.30, or let’s say a median average of $0.225, while click rates are between 0.50% to 0.75%, or a median average of 0.625%.

Using the above averages, we can come up with some revenue estimates:

$0.225 CPC x 0.625% CTR x 50% revenue share 

= $0.000703 per pageview to publishers or partner sites

Or about $0.703 per thousand pageviews to publishers or partner sites

Or about $703 per million pageviews to publishers or partner sites

So, for example, Fotocasa.es receives 1,078,560 pageviews per day, then it’s estimated revenue from Outbrain would be:

$0.225 CPC x 0.625% CTR x 50% revenue share * 1,078,560 pageviews

= $758.36 per day

According to the report, in order to partner with Outbrain, your site needs to have over 10 million monthly page views.

Taboola

Taboola do not disclose how much revenue shares they give to their partner sites or publishers.

However, from other experts analysis, considering their revenues, their daily recommendations, and their unique visits for advertisers, the estimated publishers CPC is at $0.35 which said to have higher than Outbrain’s. It’s CTR was estimated to be about 0.05% per recommendation, which translates into 0.20% to 0.30% per page, or a median average of 0.25%.

Using Fotocase.es figures to calculate estimated revenue would be:

$0.35 CPC in revenue x 0.25% CTR * 1,078,560 pageviews

= $943.74 per day 

Criteo

Criteo, on the other hand, does not pay their publisher or partner sites based on CPC and CTR, but on CPM (cost per thousand impressions). According to their website,

“Criteo pays publisher partners on a CPM basis: for every thousand impressions delivered on the partner’s website. (Revenue/Impressions) x 1000.”

Criteo helps advertisers to generate more sales through personalized performance advertising at a global scale. Criteo offers two options to their publishers. This is how it works for publishers;

You set your minimum guaranteed CPM: this is the CPM which you are prepared to sell your inventory to Criteo

For every impression you send to Criteo, we are committed to:

  1. either purchase this impression at your floor price: this is the minimum CPM you’ll be paid
  1. Or, pass this impression on, in a manner which is transparent, to your usual advertising sales agency. In this case, Criteo does not take any commission: you get 100% of the revenue which comes from your usual advertising sales agency.

Due to Criteo’s unique offering to their partners, it was revealed that publisher revenue for Criteo’s ad buys are 20-40% higher on average as compared to other ad networks. 

We take a look into how one of Criteo’s publisher or partner has explained the company’s business model or how they pay their publishers.

Criteo continuously monitors the quality of the traffic of the publisher. For each impression, they dynamically calculate the price based on the user’s history. They individually value each user based on their shopping history – more engaged shoppers are worth a higher CPM. For every impression, the network purchases the impression at or above the minimum CPM that has been set by the publisher. It transparently passes this impression back to the advertising partner. This is the process of dynamic allocation of CPM. On an average, CPM for different publishers varies from USD 2.8 to 5. CPC for highly motivated traffic is in the range of USD 1.5 to 1.6. If the CTR is higher than 1%, Criteo is able to achieve more than 300% of ROI.

Criteo pays CPMs which are almost 2-3 times that of AdSense. However, the fill rate is low as it is in the range of 10-40%. The CPM can be anywhere between USD 1 to 5 for every 1000 ad impressions. The network is very suitable for blogs or websites which are focused on shopping, travel, and lifestyle. It is very useful to monetize the traffic which is generated from North America and Europe. Additional retargeting solutions are operated on a cost per thousand (CPM) or cost per engagement (CPE) basis.

We again compare Fotocasa.es revenue from Criteo, and since we do not know the impressions’ value for Fotocasa, we take into consideration the 20-40% (or a median average of 30%) higher revenue to roughly determine how much Fotocasa earn from Criteo. In here, I will use the calculated revenue from Taboola.

Fotocasa’s revenue from Criteo

= $943.74 per day * 1.30 

= $1,226.86 per day

TrafficJunky

Same as Criteo, TrafficJunky also pay their partners based on CPM. TrafficJunky is a purely CPM-based digital advertising network which provides high quality digital marketing and monetization solutions to both advertisers and publishers. Accordingly, the reason behind the popularity and success of this ad network is, it works with top publishers websites and it serves over 2.2 billion ad impressions to over 141 million visitors on a daily basis.

The company pays their publishers on a 60/40 basis–60% of the revenue for Publisher and 40% share for TrafficJunky.

CPM cost reportedly depends on the impressions and which device and location were analyzed. There was no provided data on how much is the range for TrafficJunky, but we take this example from an actual user. 

“For a 289 million impressions, the daily average CPM bid was $0.112.” This means that for that impression range the cost per 1000 impressions was $0.112.

While we do not have Fotocasa.es impression figures, we cannot provide the estimated revenue from TrafficJunky, however, we can conclude that it is lower than the three above ad networks based on the graph provided by Similar Pro.

SOURCES:

  1. Basic Formulas in Internet Advertising
  2. https://reviews.financesonline.com/p/taboola/#price
  3. ▷ Fotocasa : Página de mantenimiento de Fotocasa – traffic statistics
  4. How Much Can Publishers Make from Taboola and Outbrain?
  5. https://support.criteo.com/s/article/208280169-Criteo-Glossary?
  6. https://support.criteo.com/s/article?article=208280169-Criteo-Glossary&language=en_US
  7. https://publishers.criteo.com/more.aspx
  8. New Criteo Direct Bidder Delivers 20-40% Higher Publisher Revenue on Average from Criteo’s Ad Buys
  9. Criteo CPM Rates 2020 
  10. Traffic Junky Review For Publishers
  11. https://adnetsreview.com/trafficjunky-review/
  12. How Much Does Traffic Cost on TrafficJunky? – TrafficJunky Blog

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

Top self-service kiosks companies in the United States

QSR Self-Service Kiosks in the United States

The leading self-service kiosks companies serving the QSR industry in the United States are Zivelo LLC, Frank Mayer and Associates, Acrelec, Advanced Kiosks, and Diebold Nixdorf.

AI, QSR, and Self-Service Kiosks

Artificial Intelligence, in general, is experiencing substantial growth in all industries–from 30% up to 65% CAGR in the food industry. This emerging technology of AI is helping food-related companies with supply chain management through the logistics, predictive analytics and also the transparency. The QSR industry is also transforming their business models to suit the emerging AI trends to generate more income and acquire more customers.

Key and top performing companies in the self-service kiosks industry 

We listed below the leading self-service kiosks companies serving the QSR industry in the United States based on popularity, revenue and reviews in the industry they serve. These notable companies supplying QSRs self-service kiosks in the United States include Zivelo LLC, Frank Mayer and Associates, Acrelec, Advanced Kiosks, and Diebold Nixdorf.

1. Zivello

Zivello manufactures most of Mcdonald’s kiosks and best known for providing kiosks to the largest fast-food chains across North America. The company generates an estimated annual revenue of $23.4 million.

2. Frank Mayer and Associates

Accordingly, to better serve and deliver a solution to the QSR and fast casual industries, Frank Mayer and Associates partners with the software maker, Adusa. Frank Mayer and Associates has $8 million in estimated revenue annually.

3. Acrelec America

Acrelec America is known to be the top maker of self-service kiosks covering many industries in the United States and global. In 2017, Acrelec form a partnership with Glory, the leader in cash technology solutions, to introduce a self-ordering kiosk that allows both cash and credit payments. Acrelec generates an estimated annual revenue of $80 million.

4. Advanced Kiosks

Advanced Kiosks is known for its innovative and customized interactive kiosk hardware and software providing solutions also in the restaurant industry. The company was among the best interactive kiosks providers in 2019 scored by Techradar. It is estimated that the company generates an annual revenue of $2.2 million.

5. Diebold Nixdorf

Diebold Nixdorf is a world leader in making self-serve kiosks in the QSR and restaurant industry. Diebold Nixdorf has installed more than 10,000 prior-generation kiosks for quick-service restaurants around the world, primarily taking customer orders and payments. Diebold is a public company which generates the most revenue from the United States and serve a very wide industry. It’s revenue reached $4.6 billion this 2019.

Additional read:

Factors Driving AI and Robotics Adoption in Food Service

Rising wages and a need to keep prices low have given several fast food companies a strong incentive to develop technologies to increase efficiency and reduce labor costs. Wages for fast food companies seem to be being pushed up by two primary causes:

  1. The end of the great recession is resulting in a tightening of the labor force pushing up wages.
  2. New state and local minimum wage legislation that particularly impacts fast food companies.

At the beginning of the year the minimum wage increased in 19 states. For example, a recently approved initiative in Washington State will raise the minimum wage to $13.50 an hour by 2020 and last year California adopted a law that will bring the minimum wage to $15 per hour by 2022. Former McDonald’s USA CEO Ed Rensi told Fox Business that, “It’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries.”

As in any industry, fast food also has a tendency to follow the leader. The stock performance of Dominos over the last 7 years has gone from about $13 to well over $200, and it’s hard for competition to ignore. Companies that weren’t technology companies suddenly are, and nobody wants to be left in the dust. The giants of the industry (like the giants in the stodgy automotive industry) are all aware that technology will be a critical edge in the years ahead, and R&D budgets in automation and new customer interfaces reflect this change in attitude.

-Emerj

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

E-commerce sellers worldwide is 46.75 million and their accounting market size is $2 billion

Insights: The current market size in terms of revenue of the e-commerce accounting and/or inventory software for these sellers was estimated to be about $1.99 billion. The total addressable market value for the accounting and inventory software targeting the 46.75 million e-commerce sellers will reach $23.37 billion in global figure, assuming a 100% market penetration.

About this report: From this market research of the e-commerce industry, you will be able to know the current market trend in terms of market size of the e-commerce sellers industry. We’ve also provided analysis of the possible total addressable market value for e-commerce accounting and inventory software globally targeting online sellers for Amazon, eBay, and other e-commerce platforms.

OVERVIEW OF THE E-COMMERCE INDUSTRY WORLDWIDE

The total number of e-commerce sellers worldwide is approximately at 46.75 million. These e-commerce sellers are retailers, merchants and seller from all e-commerce platforms such as Amazon, eBay, and Taobao (or Alibaba). 

The current market size in terms of revenue of the e-commerce accounting and/or inventory software for these sellers was estimated to be about $1.99 billion. The total addressable market value for the accounting and inventory software targeting the 46.75 million e-commerce sellers will reach $23.37 billion in global figure, assuming a 100% market penetration.

Number of e-commerce sellers worldwide
E-commerce sellers worldwide
Accounting and Inventory Software Market Size and total addressable market (TAM) for e-commerce sellers
E-commerce sellers total addressable market

FINDINGS

THE E-COMMERCE SOFTWARE MARKET SIZE

Overall, the e-commerce software (all software not just accounting) market size globally was valued at $3.8 billion in 2017. 

While if we consider the whole accounting software targeting all industry–not just retail and e-commerce– the total current market size would be $17.35 billion which will poised an annual growth rate of 8.92%. According to this report, the retail and e-commerce sector play a substantial role in the accounting software industry.

ACCOUNTING/INVENTORY SOFTWARE TARGETING E-COMMERCE SELLERS MARKET SIZE

There was no available report that could directly quote the market size of the specific target audience, thus, we calculated this value using a bottom-up analysis method and using reliable statistics and data.

In the small business world (including e-commerce retailers) , Quickbooks is reported to be the most used accounting software and it has more than 80% (or about 85%) market share in this industry. 

Currently, Quickbooks has over 3.4 million subscribers according to their annual report. If these 3.4 million users are assumed to be in the e-commerce industry, then we estimated that about 4 million online sellers are currently using accounting software.

Estimated number of e-commerce sellers using accounting software

= 3.4 million / 85%

= 4 million

In terms of value, we consider Quickbooks average annual premier plus cost at $499.95;

Estimated e-commerce accounting software for sellers market size

= 4 million * $499.95

= $1.99 billion

TOTAL ADDRESSABLE MARKET OF ACCOUNTING SOFTWARE FOR E-COMMERCE SELLERS

TARGET AUDIENCE

To estimate the number of e-sellers/e-retailers, all those sellers selling online normally through e-commerce marketplaces such as Amazon and eBay, we considered various data. 

According to a report, 40% of all e-commerce marketplace are from the top 5 e-commerce companies. The top 5 e-commerce platform companies in the world are Taobao, Amazon, Walmart, eBay,  and Target.

First, we look at the available statistics of these 5 companies.

[Calculations]

Total e-commerce sellers from the above top 5 companies 

= 18,700,460 

Since the top 5 companies has a market share of 40% in terms of number of retailers/sellers, we divide the figure by 40% to get the total e-commerce seller market size globally.

Estimated number of e-commerce sellers globally

= 18,700,460 / 40%

=  46.75 million

If based on small business owners (which include retailers, either they have an employee or self-employed), according to a survey, 64.4% of these use accounting software. Assuming this trend is similarly the same with e-retailers, then we estimated that about 30.11 million e-commerce sellers are already using some kind of accounting and inventory software. 

If assuming a 100% penetration, then this industry will be valued about $23.37 billion.

TAM Value based on revenue

= 46.75 million * $499.95

= $23.37 billion

Estimated number of sellers that use multi-channel

According to a report, about 80% of all Amazon sellers also use other platforms to sell their products, either on eBay, Jet, own website, Walmart, Newegg, Sears, among others. If we assume that in all platforms, 80% of their sellers use other website and just 20% are selling in one platform, then our rough estimate is that of the total 46.75 e-commerce sellers registered on all platforms, about 12.47 million are sellers that use at least 3 platforms.

Our estimate is based on the below assumptions;

We took 20% of all total sellers from the biggest marketplaces and assume this number to be those sellers which only sell on that platform;

46.75 million * 20% = 9.35 million 

46.75 million * 80% = 37.40 million 

Of this total 80% registered sellers, it could be possible that most of them sell on average 3 platforms, using this assumption to calculate the total per headcount;

Estimated number of sellers who sell on 3 platforms

= 37.40 million / 3 = 12.47 million

Online platform number of registered sellers 

  • Amazon = 5 million 
  • Taobao = 7 million 
  • eBay = 6.7 million 
  • Jet.com = 2,400 
  • Sears = 14,000
  • Walmart and Target = 460 
  • Rakuten = 44,000
  • All others (own website and other bigger marketplaces which reportedly about 50 globally) = 27.99 million 

In conclusion, about 12.47 million are sellers that use at least 3 platform and about 9.35 million use just one platform–either their own website or using e-commerce marketplace.

Are you a startup or a business owner, entrepreneur, or founder looking for investors?
Presenting a pitch deck to seek funding from investors for your startup is a BIG STEP.

I am here to help you with that. Besides, I’ve been doing market research analysis for hundreds of business owners, I’ve developed and created a template that will surely catches attention of investors. You can message me so I could provide you a link for my reviews on other sites.

The template is provided in Microsoft Presentation (pptx) format and is already designed on what you should put on your pitch deck presentation. I have provided those topics that you should include and are already arranged accordingly. You just need to adjust according to your actual business information.

Upon purchase (via Etsy), you will be able to download 2 kinds of files:

  1. A designed pitch deck presentation template that is blank with instructions. You can change the background, text format, etc according to your preference.
  2. An actual sample pitch deck presentation for your reference.

GO GET THAT TEMPLATE AND START ATTRACTING INVESTORS!

SOURCES:

  1. Accounting Software Market Size, Share and Industry Analysis by Organization Size, Deployment, Industry and Region | Substantial Increase in Start-ups to Catalyze Accounting Software Market
  2. Accounting Software Buyer Trends, 2018 Report
  3. • Global e-commerce software market size 2018-2023
  4. The Best Accounting Software for Ecommerce Businesses
  5. Accounting
  6. Amazon Has 1,029,528 New Sellers This Year (Plus Other Stats)
  7. There Are 168 Million Active Buyers on eBay Right Now (INFOGRAPHIC)
  8. Top 10 eCommerce Websites in the World, Updated in 2020
  9. How many e-commerce companies are there? | PipeCandy
  10. Top 10 eCommerce Websites in the World, Updated in 2020
  11. Taobao Marketplace
  12. Selling On Walmart Marketplace – Pro’s & Con’s Explained
  13. Target’s web sales grow more than 25% for five years in a row
  14. 30+ Important Accounting Statistics You Need to Know in 2019
  15. The Complete Guide To QuickBooks Desktop Pricing
  16. • Global e-commerce software market size 2018-2023

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

How a small business owner save thousand of dollars and grow his business without any staff? Here’s How

How a small business owner save thousand of dollars and grow his business without any staff?

Insight:

You are a small business owner. You are just starting your business. You need a website developer. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow, expand your business, boost up profit and become successful… but hiring staff will cost you so much money.

Ways how to grow your business

Before you start reading this article, I would like to tell you that my main goal of writing this is to help other small business owners like me to grow their business. I understand that the struggle is real and by writing this article, I am hoping I could at least help someone who truly is in need. Believe me or not, your $100 budget can hire 5 to 6 skilled professionals.

The real struggles of small business owners and startups: What are ways how to grow their business and increase sales at low startup costs?

You are a small business owner and you are just starting a business that you are passionate about. Today, after the COVID19 pandemic, it seems that the only way to go forward is to put up a business.

But where, when, and how to start? How to grow your business?

You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow. Hiring these people will cost you so much money. 

But no worries, that’s why freelancers are here, to help you. And know what–they are available from all over the world! Imagine you get the best of the best in each country without paying a high cost of hiring people to keep your business growing.

The platform that saves me thousand of dollars! (Ways how to grow your business)

You may have read tons of articles about the “benefits of hiring freelancers” and “how to grow your business” but what I am sharing you is not a 50 pages book but a straight to the point tips. Let’s dive in!

When I started freelancing and be an entrepreneur, I registered on Fiverr to sell my services. As my research job gets bigger, I realize I need people to help me so that I could make more profit. Here’s how I did it.

You need someone to design you a very catchy and creative logo to make your company stand out of the crowd. I will show you how you actually can just spend a $5 to $10 budget to have that beautifully designed logo just for your company.

In the Fiverr platform, notice those I highlighted in the boxes with arrows. You can click on the photo below and you can try it your self. I searched for “creative logo design” services and the platform gives me 71,000+ professionals. You can actually also filter your search according to your preferences. The first page, first line, provides me professionals with a budget from $5 to $25 and you can actually see how many customers they have already served with ratings. So it is not hard for you to choose which one is the best you think that will give you results.

How a small business owner save thousand of dollars and grow his business without any staff?

Next, you need someone to build you a website. Nowadays, people are looking at websites before they even purchase a product or service, so it is important for you to build a website for your business.

There are far more other skills you can find in Fiverr depending on what services your business needs. You could hire someone to develop and design you a website at a price range between $20 to $50 with high ratings and good reviews from hundreds of clients who have used their services.

How a small business owner save thousand of dollars and grow his business without any staff?

How Fiverr can help you expand your business

With Fiverr freelancers’ diverse skills, from Graphics & Design, Music & Audio, Programming & Tech, Digital Marketing, Business, Writing & Translation, Lifestyle, and Video & Animation–the platform covers almost a thousand of skills you could use to grow your business without actually thinking of the high cost of hiring.

How a small business owner save thousand of dollars and grow his business without any staff?

Other sample services

  • Data Entry: Most freelancers offers their services from $5 to $10
  • Social Media Advertising: Services are offered from $10 to $30
  • Blog Writing: You can ask someone to write you a blog starting from $5 price
  • Market Research: Depending on what data and volume of the research you need, services are offered from $10 to $50. Comprehensive market research can reach up to $300.
  • Visual Effects: You can get freelancers with good and high ratings from $5 to $20 budget.
  • Mobile App Services/Development: Imagine services are offered from $5 to $50 and up!
  • SEO and Web Traffic: Make your website stand on Google search at just $5 to $25 budget!

Just imagine what your $100 can do at the Fiverr platform!

It’s every entrepreneur’s dream to take their business from nothing and make it super profitable. But this is challenging – the future is unpredictable, and while most business ideas sound good on paper, they’re harder to pull off in the real world.

That’s why a marketplace like Fiverr – where entrepreneurs can both buy and sell services – can make a big difference in reaching profitability.

Here’s a testimonial of Kevin Maxwell, buyer on Fiverr

Entrepreneurs just starting out on Fiverr want to do great instantly, but this sometimes takes time. In the case of Kevin Maxwell, he exemplified what it meant to grow your business immediately.

Unhappy with his second job as a cleaner, earning just $9 an hour, Kevin took control of his destiny. Taking inspiration from a blog post he read about using Fiverr to start a business, he designed a website-funnel system that would net him a few thousand dollars in his first month.

“I love that fact that I found an awesome cold caller on Fiver.com that not only finds leads but also books the appointment and even records the calls and creates an excel spreadsheet for me” – Kevin Maxwell – Buyer on Fiverr

Here’s his system:

  1. Buy cold calling services to book appointments with small-business prospects, whom he’d meet.
  2. Work out a deal with the owner to build a website and get paid upfront.
  3. Outsource the web design work to Fiverr sellers for as little as $30.
  4. Meet with the client again to ensure they’re happy with the work.
  5. Transition to negotiating a monthly contract with the owner for website marketing campaigns.

This earned Kevin $3600 in his first month, and the labor he had to expend was only minimal.

Registering with Fiverr is as easy as 1-2-3!

Start growing your business worry-free! Go to the dash and choose from thousands to million of proven professionals to do the job for you!

How a small business owner save thousand of dollars and grow his business without any staff?

To register for Fiverr, follow these simple steps:

Step 1: Go to the registration page for Fiverr

Once the registration page is loaded, you will find a pop-up window to start entering data. There are 3 different ways to start creating the account, you can register on the Fiverr website through your Facebook account, or through your Google account, or through your email.

Step 2: Choose a username and password

The username is a unique name and cannot be repeated on Fiverr. After selecting your username, choose your password, which must be a minimum of 8 characters, and must contain numbers and capital letters “upper letters”. Then you will find a step to make sure that you are a real person and not a robot. 

Activate your email address. Go to the email you used to create your Fiverr account, you will find a message from Fiverr.

Step 3: Put up your profile and start updating your account information

Start browsing and get people to help you grow your business. The offer is limitless.

The solution to a problem does not stop in the mind. Expand your boundaries and you will realize that opportunities are limitless. – Annabelle Tomas, author and owner of Mhojhos Research

By the way, you can actually find me on Fiverr. My Fiverr name is anabelle326. I have also written a short story of my life in one of my article which you can read here I Quit My Job As A Full Time Engineer, Now I’m A Freelancer. Here’s Why.

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

Demographics And Psychographics Of Customer Experience Managers And Leaders

In this article, we provide you the psychographic information which includes buyer’s habits, personality, interest and values and the demographic information includes gender, age, income, education, race, location and marital status of the Customer Experience Decision Makers And Leaders such as CEOs, general managers, and executives.

Demographics of Customer Experience Senior-level Person

The typical senior-level person working in customer experience in the United States is a female of an average age of 43.7. She is a Business major graduate and has an average annual income of between $116,803 and $198,573. She is of the White race and comes from the states of California, Wisconsin, Oregon, and New York. Also, these employees will most likely have LinkedIn and Twitter accounts.

Average Age of Customer Experience Decision Makers Or Managers

  • The typical age of a Customer Service Management (CSM) workforce in the US is 43.7 years.
  • The most common ages in the workforce are between 35 and 47 years old, which represent 2.72% and 2.69% of the population, respectively.

Gender Composition of Customer Experience Decision Makers

  •  59.2% of the people in the CSM workforce who have Business majors are female.
  • The statistics make females the common gender in the occupation.

Salary/ Household Income of Customer Experience Leaders

  • As of 2017, the average annual wage in the workforce was $88,037, including the salaries of their support teams.
  • The average salary for managers was $116,803 and could go up to $198,573 for the chief executives’ positions.

Education of Customer Experience Decision Makers or Leaders

  • The most common major in the workforce is Business Management, with the most prevalent degree among these workers being a Bachelors’s Degree.

Race/Ethnicity of Customer Experience Decision Makers

  • The most prevalent race of CSM graduates and workforce is White, which represents 51.9% of the workers.
  • Hispanics represent 12.1% of the workforce, while Blacks and African-Americans represent 11.8%.

Location / Spatial Concentration of Customer Experience Decision Makers

Psychographics of Customer Experience Decision Makers (CEO, General Managers and Senior-level)

Customer experience decision makers like to read articles on Sessioncam, which is an intelligent website optimization tool.

Interests of Customer Experience Leaders

  • Customer experience decision makers who visit Mycustomer.com are interested in computers electronics and technology, news and media, and business and consumer services.
  • Customer experience decision makers who visit Customerexperienceinsight.com are interested in computers electronics and technology, related to social networks, online communities, and search engines.
  • Those that visit Peoplemetrics.com are interested in travel and tourism, social networks, online communities, and news and media.

Reading Habits of Customer Experience Decision Makers and Managers

Additional Insights for Customer Experience Decision Makers

  • Customer experience professionals are detail-oriented, creative, have great negotiating skills, are fast learners, are great storytellers, have the ability to break down complex tasks.
  •  CX Journey, Mycustomer.com, Customer Bliss, and Customer Experience Insight are some of the top customer experience blog websites.

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

Demographics And Psychographics Of Marketing Decision Makers, Managers and Leaders

Demographics And Psychographics Of Marketing Decision Makers

In this article, we provide you the psychographic information which includes buyer’s habits, personality, interest and values and the demographic information includes gender, age, income, education, race, location and marital status of a marketing or advertising decision makers such as General managers, CEO, and Senior-level.

Demographics of Marketing or Advertising Leaders and Senior-level

A typical senior-level marketing person in the United States is 42 years old, white male that earns between $94,110 to $180,070 annually, has a Bachelor’s degree major in Business Management, and is located in states like Illinois and California. The demographic profile of a typical senior-level marketing decision-maker in the US can be found below.

Average Age of a Marketing Manager

  • The average age of a marketing manager in the US is 42.2 years.
  • The average age of male marketing and sales managers in the US workforce is 44.1 years and female marketing and sales managers is 40.1 years.

Gender Composition of a Marketing and Sales Decision Maker or Managers

  •  53.6% of marketing and sales managers in the US are male, indicating that the occupation is more popular among men.

Salary/Household Income of a Marketing Managers

  • In 2017, “marketing managers in the US earned an average of $102,064, $49,999 more than the average national salary of $52,065.”
  • The median annual salary of marketing managers in 2018 was $134,290.
  • The best-paid 25% marketing managers earned $180,070 in 2017 while the lowest-paid 25% made $94,110.

Education of a Marketing and Sales Decision Maker or Managers

Race/Ethnicity of a Marketing Managers

  • The most common race/ethnicity for marketing managers in the US is white. As much as 84.3% of marketing and sales managers are white.
  • ‘Asian‘ is the second-most common race or ethnicity in this occupation, accounting for 6.08% of the total managers.

Location/Spatial Concentration of a Marketing Leaders

Social Media

Psychographics of Marketing or Advertising Decision Makers, Leaders and Managers

Senior marketing executives are bold, adaptable and decisive, with strong leadership profiles. They are experienced and culturally engaged, have a strong social media presence, and follow technology closely. They are influenced by people such as Vala Afshar, read publications like Forbes and Adweek, and like to discuss media and entertainment, as well as social issues.

1. Personality of Marketing Decision Makers

  • The typical marketing executives tend to fall into the ENTJ personality type of the Myers-Briggs scale, described as “frank, decisive, assume leadership readily. Quickly see illogical and inefficient procedures and policies, develop and implement comprehensive systems to solve organizational problems. Enjoy long-term planning and goal setting. Usually well-informed, well-read, enjoy expanding their knowledge and passing it on to others. Forceful in presenting their ideas.”
  • They are more likely to follow their gut feeling than other c-level executives, have empathy for the consumer, and a strong social media presence. These tech-savvy professionals are customarily driven by curiosity and a business-oriented mindset.
  • Russell Reynolds examined CMOs on 60 psychometric scales to understand what is unique about this group and discovered that CMOs differ from other c-level executives across a large number of attributes and to a significant degree.
  •  CMOs have a pioneering spirit, act unconventionally, test limits and are not beholden to structures; they are more imaginative, active, outgoing, and bold than the rest. Adaptable, innovative and decisive professionals, they lead from the front, with an abstract way of thinking.

2. Values of Marketing Decision Makers

  •  Great people skills are a must-have to be successful in this position, as well as strong leadership, a visionary mindset, and the ability to translate data and marketing inputs into a coherent strategy.
  • These are not “green professionals,” they bring the weight of years of experience through the ranks of the marketing chain, many times with financial and technological backgrounds. They value their time and expect others to value it as well.
  • The new generation of marketing executives use words like “soul,” “purpose,” “community,” and “art and science” when describing their aspirations and strategies. They believe in collaboration, both inside and outside of companies, and are aware of consumers’ interests in their social and cultural positions. The new professionals are more well-rounded individuals, ready to exercise different roles.
  • CMOs are engaged with cultural and social causes. Prominent executives are now focused on conscious marketing, and how to turn good intentions into marketing. As one executive noted, being a CMO today is “to be a voice of the user or customer and to tell the truth.” They emphasize an understanding of how the world operates and see their roles as both artists and scientists.

3. Habits and Interests of Marketing Decision Makers

  • As previously mentioned, senior-level marketing executives, especially CMOs, have a strong social media presence; in fact, they are 5.6x times more prone to update their LinkedIn profile and have 3.9x as many connections as the average user.
  • Regarding technology, AI was the topic of most interest in 2018, followed by digital transformation, blockchain, 5G, marketing stack, and the internet of things.
  • As for the topics they engage in the most on LinkedIn, demand generation took the first spot, followed by B2B marketing, content strategy, positioning, marketing, advertisement agency, personalization, SEO, and brand loyalty.
  • Outside of the professional sphere, leisure, media, and entertainment was the most discussed topic, accompanied by food, technology, automotive, financial services, and telecom.
  • The most commonly used hashtags were #marketing, #cx, #braveleaders, #seeher, #cmos, #AI, #5g, #womenintech, #tech, #innovation, #healthcare, #diversity, #tbt, #leadership, #health, #wednesdaywisdom, #autism, #purpose, #data, #brand, #timesup.
  • The most influential people with this cohort were, as of 2017, Vala Afshar, Tamara McCleary, Scott Brinker, Gary Vaynerchuk, Kim Whitler, Brian Solis, Jay Baer, Evan Kirstel, R. Ray Wang, and Brenner Mitchel.
  • Forbes is the number one publication, followed by Inc., Medium, The New York Times, Business Insider, TechCrunch, Harvard Business Review, The Wall Street Journal, Fast Company, and Bloomberg.
  • When it comes to information about their trade, Adweek takes the number one spot, succeeded by Advertising Age, Mediapost, CMO, The Drum, Marketing Land, Digiday, Marketingprofs, HubSpot Blog, and Business2Community.
  •  Events they followed in 2018 include the Cannes Festival, SAP consumer experience LIVE, Web Summit, Consumer Electronic Shows, South by Southwest, SAP Sapphire Now, Fortune Most Powerful Women Summit, Advertising Week New York, Fast Company Festival, PR Week Awards, and CMO Academy.

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

I Quit My Job As A Full Time Engineer, Now I’m A Freelancer. Here’s Why.

Quitting my job after graduating from the university was the last thing on my mind. Who in their right mind would think the same, right? After all the sleepless nights of doing projects, research papers, preparing for exams and then graduating, we finally get a paid job and are excited to be in the corporate world. This is it! This is what we dreamed of! And now we’re here. But why would I quit my job and commence freelancing?

From a full time job to freelancing

A Little Of My Background

I finished my Civil Engineering Degree in one of the universities in the Philippines. Before quitting my job, I worked as a Design Engineer for about 5 years. I was happy doing a traditional 8 to 5 job with lots of overtime.

Upon searching for more opportunities, I decided to work overseas and applied for an engineering position with an oil and gas company in Malaysia, where I worked for another 8 years. It was better than previous jobs, but truthfully, I never really enjoyed any of it. It was during this time that I start questioning and looking for a deeper fulfillment in life.

If you are someone who has searched “quit my job” or “freelancing” in hopes of finding encouraging stories of people who quit their job to follow their passion, then this article story is for you.

Struggles: To Quit Or Not To Quit

I have everything. The company provided me with a nice house, a fully maintained car, a mobile phone, allowances and very good pay with benefits. In return, I had to work full-time, including working 24-hours if need be.

I never started out unhappy at any job that I tried. I was well paid, the work was interesting, and I liked working with engineers. They are generally laid back and smart people.

But over time the discontentment grew. I thought the problem was with the particular job, or the company. Something just wasn’t sitting right with me. I loved my job and the benefits I was receiving but I was married to it 24/7. Eventually I decided to take a break from my engineering work and the decision to do so completely opened my eyes. I had been constantly working 50 to 60 hours a week. My life revolved around my work and the feeling was suffocating.

I wanted more than just working and coming home exhausted only to repeat the same routine the next day. I was not experiencing the quality of life that I once had, so I decided to tend my resignation letter and booked my plane ticket home.

Against All Odds?

“Oh it’s a millennial thing”, they said! “Why quit your job when many people are dreaming of what you are getting,” they said. “It is hard to get good jobs nowadays.” “Think twice.” These were the words I constantly hear after I quit my job.

Thankfully my family was supportive and they haven’t say anything negative about my decision.

Becoming A Freelance Research Analyst

I am a researcher. It’s in my nature. I am an introvert and I love to read, write, and discover new things.

I began to search the internet looking for jobs I could do online. To become a freelancer, you need to sign up to various platforms, take exams and wait for the results.

I was accepted as a Trial Research Analyst, on one of the secondary research firms, based in the United States. What I love about this job is it’s a freelance job. You can work at your designated time and you have the choice to cancel jobs anytime. As a beginner, a lot of my work got rejected from my reviewers and my ratings kept going down. Chances are, if I get low ratings, I would not be prioritized to get jobs.

To begin with, this was very discouraging but I continue to persevere learning more and more as I progress. The passion for my job is continuing to grow and I am loving the free time it is giving me. The pay? To begin with, my earnings drastically reduced compared to my salary as a full-time Engineer, not even half of it. But who cares? I still earned enough to pay my bills.

Still, I scrolled for hours on job boards, trying to find another full-time role that felt like the right move for me. I applied to a few, but as I interviewed, I knew nothing was the right fit. Unfortunately, I rarely listen to my intuition.

After two years with the same research firm, I then decided to sign up to one of the top freelancing platforms in the world–Fiverr! I set up my account, put up a professional profile and made it very simple with straight-forward information describing what I can offer. I immediately started getting orders from clients all over the world, receiving positive reviews.

Market research freelancer at Fiverr

What I like about Fiverr is that I can be a seller (selling my services) and at the same time I can be a buyer (customer). For example, I could buy a logo design services at just $5 or hire someone to fix my website SEO at $10!

What Now?

I’ve been doing it for a year now and I am getting jobs everyday that sometimes I have to cancel or decline some as I limit my workloads. On a side note, I created a website (yes, I am the owner of this website) and published some of my work here which is free to download or read while others can be purchased for as low as $5 for a complete market research report. The money collected are used to help vulnerable children.

Helping out vulnerable children

With millions of children suffering from hunger, sexual abuse, sex trafficking, child abuse, and child labor, we created this service to help these children. And yes, that is one thing I am passionate about, doing mission works.

Can I do that if I am in a full-time job? No.

Aside from that, I am also passionate about plants and I could take care of them in my free time. I can do my freelance job even if I am at the beach–one of my favorite place on earth!

The benefits of freelancing

Few Words For Those Reading This

Do what you love. Do what you are passionate about. We only live once in this world and why not live it in such ways that satisfies your soul. You maybe have a different story from mine but what is important is that we know the purpose of our life and we are doing it to bless others and gives fulfillment to us.

Thank you for reading my story. My name is Annabelle.

Written by A. P. Tomas and edited by Darren Corbett, 13 May 2020

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

Photography Services, Portrait and Commercial, generated annual revenue of $36 billion

Insight: The global photography services, covering portrait and commercial, was valued at $36.15 billion in 2018. This industry is expected to grow annually by 5% globally. Other relevant statistics and market size can be found below.

Portrait photography services

Photography Services Market Research Requirements

Market research on the photography services with the following scope: 

1) Determine the possible number of people who use these services, i.e. for travel and/or family activities in the past 2 years and the projected number.

2) The scope would be global or if global figure is not possible, regional figure would be sufficient such as Europe, America, or Asia. 

3) Any other relevant statistics that could be found including the average spending or the total spending for this service.

PHOTOGRAPHY SERVICES MARKET OVERVIEW

Overall, the global photographic services, covering portrait and commercial, was valued at $36.15 billion in 2018. This industry is expected to grow annually by 5% globally. 

For the purpose of this research, and since global figures and statistics to analyze data were not made available, we concentrate on looking and analyzing the United States market. We calculated the estimated number of people using portrait services. In this research, portrait photography are services made by professional photographers which covers special events, like for family gatherings, weddings, birthdays, newborn portraits, individual portraits, boudoir photography, and all others.

Below, we presented our summary in graph form. How we determine or obtain these figures were explained in detail in the “findings” section of this report.

Portrait Photographic Services Market Value in the United States
Portrait Photographic Services Market Value in the United States
Total number of people using portrait services in the United States
Total number of people using portrait services in the United States

FINDINGS

GLOBAL PHOTOGRAPHY SERVICES MARKET SIZE

According to Market Research, the global photographic services (covering both portrait studios and commercial studios) was valued at $36.15 billion in 2018 and will record an annual growth rate of 5% until 2023. The United States accounts for the largest market recording a 42.6% market share (about $15.4 billion), followed by Asia Pacific with 26.1% share and Europe at 20.9%.

PORTRAIT PHOTOGRAPHIC SERVICES

The portraiture photography services pulled in a total revenue of $4.45 billion in 2018 in the United States alone. Back in 2016, the annual revenue of this sector was $4.25 billion and expected to reach $4.57 billion revenue by 2020. By calculation, the industry is growing by 1.83% annually.

Portrait photography services average cost

The current average cost of portrait photography services is between $170 to $230 (or a median average of $200) per session, depending on the photographer’s reputation, geographic location, the number of edited final digital photos, the number of prints, the subject of the portrait, the number of people in the portrait, the location(s) of the portraits, and the size of the photography business. The analyzed portrait photography includes subject of portraits, individual portrait, family portraits, newborn portraits, senior portraits, boudoir photography, among others. 

Back in 2016, the average cost was between $125 to $300 or a median average of $212.50. In 2018, the average cost was between $200 to $210 per session (or a median average of $205).

If we analyze the trend above, the average rate per year is decreasing by about 2%. Thus, using this percentage to summarize yearly average;

[Calculations: average cost of portrait services per session]

  • 2016 = $212.50
  • 2017 = $212.5/1.02 = $207.50
  • 2018 = $205
  • 2019 = $200
  • 2020 = $200/1.02 = $196.08
  • 2021 = $196.08/1.02 = $192.23
  • 2022 = $192.23/1.02 = $188.46
  • 2023 = $188.46/1.02 = $184.77
  • 2024 = $184.77/1.02 = $181.15

Average income of a photographer in the United States

Next, we will determine the average income of a photographer in the United States from the US Census Bureau database.

From the above figure, we calculated that the average income was declining at about 4.81%. Using this percentage to calculate yearly averages;

[Calculations: average income of a photographer]

  • 2016 = $42,640
  • 2017 = $41,940
  • 2018 = $38,640
  • 2019 = $38,640/1.0481 = $36,866.71
  • 2020 = $36,866.71/1.0481 = $35,174.80
  • 2021 = $35,174.80/1.0481 = $33,560.54
  • 2022 = $33,560.54/1.0481 = $32,020.36
  • 2023 = $32,020.36/1.0481 = $30,550.87
  • 2024 = $30,550.87/1.0481 = $29,148.81

Number of people using portrait services

To determine the number of sessions (assuming one session represent one person using the service), we divide the average annual income by the average cost of portrait services per year.

[Calculations: number of people using portrait services per photographer annually]

  • 2016 = $42,640 / $212.50 = 201
  • 2017 = $41,940 / $207.50 = 203
  • 2018 = $38,640 / $205 = 189
  • 2019 = $36,866.71 / $200 = 185
  • 2020 = $35,174.80 / $196.08 = 180
  • 2021 = $33,560.54 / $192.23 = 175
  • 2022 = $32,020.36 / $188.46 = 170
  • 2023 = $30,550.87 / $184.77 = 166
  • 2024 = $29,148.81 / $181.15 = 161

Total number of portrait photographers in the United States

[Calculations: total number of portrait photographers in the United States]

  • 2016 = $4.25 billion / $42,640 = 99,672
  • 2017 = $4.37 billion / $41,940 = 104,197
  • 2018 = $4.45 billion / $38,640 = 115,166
  • 2019 = $4.52 billion / $36,866.71 = 122,604
  • 2020 = $4.57 billion / $35,174.80 = 129,923
  • 2021 = $4.65 billion / $33,560.54 = 138,556
  • 2022 = $4.74 billion / $32,020.36 = 148,031
  • 2023 = $4.83 billion / $30,550.87 = 158,097
  • 2024 = $4.91 billion / $29,148.81 = 168,446

Total number of people using portrait services in the United States

[Calculations: total number of people using portrait services in the United States]

  • 2016 = 99,672 * 201 = 20.03 million
  • 2017 = 104,197 * 203 = 21.15 million
  • 2018 = 115,166 * 189 = 21.77 million
  • 2019 = 122,604 * 185 = 22.68 million
  • 2020 = 129,923 * 180 = 23.39 million
  • 2021 = 138,556 * 175 = 24.25 million
  • 2022 = 148,031 * 170 = 25.17 million
  • 2023 = 158,097 * 166 = 26.24 million
  • 2024 = 168,446 * 161 = 27.12 million

PHOTOGRAPHER’S EQUIPMENT SPENDING

According to a research, the United States will be spending a total of $3.1 billion of photography equipment for the purpose of these services. Assuming that 29% of these spending accounts for portrait services, then about $899 million will be spent by portrait photographers. If the US have 115,166 portrait photographers in 2018, then the average spending per photographer is $7,806.

SOURCES:

  1. Global Photography Services Market 2019-2023 | Growing Use of Technologically Advanced Services in Photography to Boost Demand | Technavio
  2. Photographic Services Market covering Portrait Studios Services; Commercial Studios; Global Briefing 2019
  3. Photography in the US – Industry Data, Trends, Stats
  4. Portrait Photographer Cost For Seniors, Families | 2020 Prices (avg)
  5. How Much Should Photographers Charge In 2016?
  6. Photographers
  7. Photographers
  8. Photography Market Research Reports & Photography Industry Analysis

Do you want to know your specific industry’s market size and trends? Contact us and we will work according to your budget.

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

Online Event Ticketing Revenues And Trends in South Africa

Insights: South Africa’s online event tickets market size (based on revenues) in 2018 was valued at about $245 million while it was $282 in 2019. South Africa’s online event tickets market is expected to reach $ million by 2023 growing at % year-by-year.

About this report: From our market research of the online event ticketing services in South Africa, you will be able to understand the current market value or size, it’s annual growth trend and projected value. You will be able to realize the competition landscape and the pricing model of each competitors–Computicket, Webtickets, Quicket, iTickets, Ticketpro and Red21.

South Africa’s online event tickets market research requirements

1. What is the market size and revenue from event ticket sales? 

2. Who are the major players and what’s their market shares? 

3. What are their prices/services fees they charge for selling tickets through their platform? 

4. What are the projections in this market? 

Note: South Africa focus.

South Africa’s online event tickets market overview

South Africa’s online events ticketing market size (based on revenues) in 2018 was valued at about $245 million while it will be $282 this 2019. The market is expected to reach $ million by 2023 growing at xx% year-by-year.

Online event tickets revenues in South Africa

The current users count at x.x million and expected to reach xx.xx users by 2023 at an annual growth rate of x.x%.

Number of South African online ticket events users in millions


Of the total events, the music events holds the largest share at xx%, amounting to about $ million, followed by sports events at about xx% and cinema tickets at xx% of the market.

(Chart for online event ticket revenue by segment in South Africa provided in the report.)

According to the latest reports, Computicket dominates the South African event ticketing market with about xx% market share while Ticketpro, Quicket, Webtickets and others get the remaining shares.

South Africa online ticket events key players market share

METHODOLOGY

To determine the data pertaining to the event ticketing market in South Africa, we scoured through various statistics and databases from government websites, industry reports, market research publications, company websites, press releases, and news articles. While all companies operating in this sector are all privately-held, thus, restrained us from pulling actual data specifically on revenues and pricing models, we used deep internet searching to curate related data and statistics. Below, we presented our detailed findings.

MARKET SIZE AND REVENUES FROM ONLINE EVENT TICKET SALES INCLUDING GROWTH RATE AND PROJECTED VALUE

South Africa is considered as the largest and most affluent markets in the African region. The country’s ecommerce sales is expected to grow to $4.7 billion by 2021. While entertainment and media is the leading category in the ecommerce market, event ticketing was also driving the growth of the online market in the country. 

Currently, the revenue of the online event tickets segment in South Africa amounts to $282 million in 2019 and anticipated to grow annually by xx.x%. By 2023, the revenue value of the online event ticketing will be about $xxx million. The music events currently holds the largest revenue share with a market volume of $xxx million, more than xx% share of the country’s total online event ticketing, followed by sports event at about xx% share, and cinema tickets at xx%.

Online event ticketing revenues in South Africa

[Calculations are provided in the report]

  • 2018 = $ million
  • 2019 = $ million
  • 2020 = $ million
  • 2021 = $ million
  • 2022 = $ million
  • 2023 = $ million

South Africa currently has 57.88 million people and about xx% of the total population use online events ticketing platforms for their tickets. The number currently stands at x million and is expected to grow x% year-by-year.

Number of South Africa’s online ticketing event users

[Calculations are provided in the report]

  • 2019 = x million
  • 2020 = x million
  • 2021 = x million
  • 2022 = x million
  • 2023 = x million

Globally, the online event ticketing was valued at $67.99 billion in 2017 and growing annually at 4.8%.

SOUTH AFRICAN ONLINE EVENT TICKETS MAJOR PLAYERS AND THEIR MARKET SHARES

South Africa’s event ticketing is dominated by one company, Computicket. According to a report, the company dominates the market for more than four decades since its incorporation in 1971. It controlled more than xx% of the South African ticketing market and a xx% market share for outsourced ticketing services for entertainment events.

According to Blue Label Telecoms, Ticketpro is South Africa’s second largest ticketing company. Ticketpro’s estimated annual revenue is $ million. Its market share is calculated to be x% of the total online event ticketing. In 2016, it was reported that “Ticketpro sold x million event tickets for 63 venues [which] almost double the number of tickets of the year before that, and amounts to a revenue increase of 34%.” 

Other notable players in the local market are Nutickets, Quicket, Tixsa,  iTickets, and Webtickets. All these companies are privately-held with $ million annual revenues. Each has x% market shares.

A new player in the market, Via system which was designed by Red61, was also reportedly disrupting the market by offering innovative multi-platform ticketing system developed specifically for arts festival events.

TOP PLAYERS SERVICE FEES

In the report, we’ve presented each competitor’s pricing model and fees.

Computicket pricing

(Provided in the report.)

Webtickets pricing

(Provided in the report.)

Quicket Service Fee / Commission

(Provided in the report.)

iTickets

(Provided in the report.)

Others

(Provided in the report.)

SOURCES AND REFERENCES

(All sources and references are provided in the report.)

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Online Event Tickets Market Size And Trends in South Africa

SCOPE OF THE REPORT: - MARKET SIZE AND REVENUES FROM ONLINE EVENT TICKET SALES INCLUDING GROWTH RATE AND PROJECTED VALUE - Online event tickets sale scope - Current and projected annual online event ticketing revenues in South Africa - Number of South African online ticketing event users - MAJOR PLAYERS AND THEIR MARKET SHARES - SERVICE FEES - Include all references and graphs

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At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

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