If you are reading this, most likely you already know about Software as a Service (SaaS).
SaaS generally refers to cloud-based software subscription services. Individuals and businesses of all sizes use SaaS to run their day-to-day tasks and operations.
Over the last few years, a new trend has emerged - solopreneurs, indie hackers, makers, no-coders, and small startups are creating super simple SaaS solutions that solve single (or a couple of) use case(s) for a very very specific group of customers; these super simple SaaS solutions are known as Micro SaaS.
What is micro SaaS?
A SaaS business targeting a niche market, run by one person or a very small team, with small costs, a narrow focus, a small but dedicated user base, and no outside funding.
- Tyler Tringas, founder of Storemapper
Check out this micro SaaS handbook to delve deeper into the topic.
But how is a micro SaaS different from a typical SaaS?
It's important to note that "Micro SaaS" is a subset of SaaS, focused on providing specialized solutions for niche markets. This distinction helps to meet the specific needs of smaller target audiences with simplified, dedicated tools. Here's a table outlining the key differences between SaaS (Software as a Service) and Micro SaaS:
Benefits of Micro SaaS for Solopreneurs and Bootstrapped Startups
- Niche Focus: Target specific, underserved markets, reducing competition.
- Lower Development Costs: Smaller, focused solutions require less initial investment.
- Faster Time to Market: Rapid development and quicker launch.
- Easier Marketing: Highly targeted marketing efforts for niche audiences.
- Lower Customer Acquisition Costs: Attract and retain customers more affordably.
- Simplified Operations: Easier management and customer support with a smaller user base.
- Opportunity for Growth: Potential for expansion and scaling as the niche market grows.
- Agility: Adapt and pivot quickly to changing market needs.
- Reduced Risk: Lower financial risk compared to developing a comprehensive SaaS.
- Profitability: Achieve profitability sooner due to lower overhead.
Micro SaaS is well-suited for solopreneurs and bootstrapped startups looking to enter the SaaS market with limited resources and a specific, targeted focus.
If you still think that building a SaaS business is hard, think again. With the advent of no-code tools, anyone - literally anyone - can build a micro SaaS business online. All you need is a business problem that you deeply care about and a sizeable group of people that you reaaaaally want to help. And, of course, grit to succeed.
If you get the basics right, the micro SaaS ideas we are about to list here can generate you a steady stream of revenue within just a few weeks.
If you want to evaluate more ideas, we've got you covered!
Check out this Micro SaaS inspiration Box - It's a hand-curated database of 200+ micro SaaS ideas, 700+ real-life examples, along with revenue potential & MVP build time estimates.
With these ideas, you don't need:
- to break your bank to get your micro SaaS business up and running
- to waste months or years building the product
- any prior tech or coding experience (anyone can get started)
- to worry about hiring developers to build the product for you
- to spend countless hours learning to code yourself
Like we mentioned earlier, you only need a good micro SaaS business idea, problem statement, and users whom you want to genuinely help solve this problem. So, let's look at these profitable ideas.
List of Best Micro SaaS Ideas
Here is a list of 18 micro SaaS ideas with successful examples.
We have put in extra effort to shortlist only those ideas that are best suited for solopreneurs and small teams, and those that have a super high probability of success.
Let's dive right in.
1. On-Demand, Virtual 1:1 Mock Interview Platform
Background:
Interviews and assessments in the hiring process are getting increasingly challenging. Jobs are getting more and more competitive day by day. Interview Success Formula says that, on average, 118 people apply for a single job, and only 20% get invited to an interview.
In such a situation, candidates don't want to leave any stone unturned as far as their interview prep is concerned. Therefore, we are witnessing so many interview prep-related startups cropping up – resume services, interview coaching, job-oriented technical courses, etc.
Demand:
With the increasingly competitive job environment and a spike in the reliance on digital solutions, the demand for Virtual 1:1 Mock Interview Platforms has also increased. Job seekers are looking for such platforms that can guide them through the process and give them constructive criticism. They could also easily schedule the calls at their convenience and take them from the comfort of their home.
Potential:
There has been a steady rise in people seeking jobs. An estimated 3.4 billion people are currently employed worldwide, and the number continues to rise. Candidates are prepping themselves to be the best amongst their competition and are turning to these virtual mock interviews. The Corporate Finance Institute claims to have helped 1.8 million professionals from its platform.
The Idea:
Build a mock interview platform for candidates to book mock interviews with experts, veterans, or experienced folks for personalized guidance and 1:1 feedback.
Factsheet:
- Industry/Category: Jobs & Education
- Possible Business Model/s: Subscription-based + Transactional, Flat Pricing
- Revenue Potential: $5,000 - $10,000 per month
- MVP Build Time: 4-6 Weeks
- Successful Examples: Interviewing.io, Pramp, InterviewBuddy
How To Build?
- Shortlist a few micro-niches familiar to you. For eg- front-end developers, full-stack developers, SEOs, data analysts, etc.
- Finalize the niche you’re most comfortable with and has good market potential. For eg- A mock interview platform specifically for SEOs in the Europe market. There are over 10,000 SEO job openings on leading Europe job sites meaning, there could be multiple 10s of 1000s of aspirants for these jobs.
- Build a landing page, promote it, and gather interest (a waitlist perhaps).
- Build the MVP using no-code tools like Bubble, Bildr.
- And voila! Start selling.
2. Voice-of-the-Customer Survey Tool
Background:
A customer is a king and companies surely don’t want to disappoint them. Businesses are spending heavily to provide their consumers with the best experience, and what’s better than asking the customers themselves? After employing Voice-of-the-Customer Survey Tool, they report a 4-8% revenue increase against their competitors. Hence, they try to employ these tools at any given instance to get an edge over other businesses and boost this industry.
Demand:
Businesses always try to one-up their competitors through any means. And the best way to do so is to employ strategies that’ll help retain their consumers. This survey tool provides them with a structured and efficient means to collect information on their consumer’s behavior and deploy it to serve them better. Saas entrepreneurs can capitalize on this need and offer features such as sentiment analysis, real-time reporting, and integrations with other business systems.
Potential:
According to the US Census Bureau, 5.1 million new business applications were filed in 2022, itself. In 2023, the number is only estimated to grow. These businesses are vying for the same consumers in an increasingly competitive market. Hence, Saas platforms that can provide them with specialized tools that facilitate the collection and analysis of customer feedback are expected to rise over the years.
The Idea:
Build a voice of the customer tool for companies to collect feedback from consumers via forms and analyze it to serve them better.
Factsheet:
- Industry/Category: Customer Experience & Analytics
- Possible Business Model/s: Subscription-based + Transactional, Freemium
- Revenue Potential: $2,000 - $4,000 per month
- MVP Build Time: 4-6 weeks
- Successful Examples: Mopinion, Feedier, InMoment
How To Build?
- Define various customer categories businesses may want to target and lay out templates for collecting feedback.
- Set out different options to collect feedback. For eg- via rating, “how likely’ questions, full-fledged forms, etc.
- The software must provide an analytics option to the users to view the number of responses and draw conclusions.
- Build your MVP and start testing it with beta users.
- Once you’ve tested the waters, it’s time for accepting sign-ups.
3. Testimonial Management Tool
Background:
Testimonials are the backbone of a business which help in building trust and assist the audience in decision-making. According to BrightLocal, over 98% of consumers read these testimonials before making their decision. It also acts as social proof; therefore, it is important to craft great testimonials and effectively share the customer stories.
Demand:
Businesses are quickly realizing the pivotal role customer feedback plays in establishing trust and credibility. Companies, especially those that deal with huge numbers of clients, require a system that can easily collect, organize, and manage these testimonials for them without much hassle.
Potential:
Evidently, testimonials hold the make-and-break power over these businesses. Rather than burning money by giving discounts, these companies are turning towards getting more positive reviews across popular platforms like TripAdvisor or Google Reviews. They have realized that over 50% of their consumers would prefer them over meager discounts. So, a Saas platform that can provide these services along with micromanaging tools, automated testimonial requests, easy integration with websites, and customizable display options are likely to be in demand.
The Idea:
Build a testimonial management tool for businesses to collect text as well as video customer testimonials and share it with their audience.
- Industry/Category: Marketing & Communication
- Possible Business Model/s: Subscription-based
- Revenue Potential: $1,000 - $5,000 per month
- MVP Build Time: 6-8 weeks
- Successful Examples: Testimonial, TestimonialGuru, Senja, Shoutout
How To Build?
- Design a testimonial template that users can share with their clients to make the process easier. It may contain options like- questions, ratings, messages, etc.
- Give the users option to choose from many testimonials they may have received, as to which ones they want to showcase on their website.
- Provide HTML code that users can copy and paste to add Wall of Love to their website.
- Once you’ve incorporated all the features in your software, it’s time to put out feelers. Build a waitlist and you may provide a free demo to the first 10 sign-ups.
- Now, it’s time to start selling once you have a decent MVP.
4. Website Hosting Platform
Background:
Establishing an online presence is essential for individuals and businesses alike in the modern digital age. With the rise of digital entrepreneurship, the need for straightforward and efficient web hosting solutions has become more apparent.
Demand:
As more people seek to create personal portfolios, event pages, or small-scale e-commerce sites, the demand for an uncomplicated, fast web hosting service has grown significantly.
Users look for platforms where they can deploy their sites without the complexities traditionally associated with web hosting.
Potential:
The global web hosting market is booming, with an increasing number of non-tech-savvy users entering it, looking for user-friendly platforms that minimize the learning curve.
The Idea:
Develop a no-frills web hosting service that lets users quickly upload their HTML, CSS, and JavaScript files to go live in minutes. This service is aimed at beginners and those needing quick, temporary websites for events or portfolio showcases that simplify the web hosting process with a few clicks.
Factsheet:
- Industry/Category: Web Hosting/Digital Tools
- Possible Business Model/s: Subscription-based, Pay-per-use
- Revenue Potential: $1,000 - $5,000 per month
- MVP Build Time: 4-10 weeks
- Successful Examples: TiinyHost, GitHub Pages, Netlify, Vercel
How To Build?
- Start by identifying your target users' primary needs—speed, ease of use, and minimal technical requirements.
- Create a streamlined interface that allows users to drag and drop their site files onto the platform and go live with a few clicks.
- Offer tiered pricing plans to accommodate different user needs, from basic one-page sites to more comprehensive sites with increased storage and bandwidth.
- Market the platform to non-technical users and those needing quick, temporary web solutions.
- Leverage social media and content marketing to educate your audience about the benefits of simple web hosting solutions.
TiinyHost stands out by providing an incredibly user-friendly interface and swift setup process, making it an ideal candidate for those wanting to quickly establish a minimal web presence without delving into the complexities of traditional web hosting.
5. Remote Employee Engagement Platform
Background:
Remote work culture comes with its own set of hurdles. It’s easy for a remote employee to fall out of place if not provided with proper engagement and recognition. Making sure employees are appreciated and empowered is important to promote a healthy work culture. According to Gallup’s report on employee engagement, a workplace’s profitability increases by 21% if the workforce is highly engaged!
Demand:
After COVID, most businesses were forced to go online. And while the threat has substantially decreased, they have realized the potential of remote workplaces. However, while the company can reduce costs by foregoing a physical office, the morale of the workers tends to take a big hit. Hence, to increase this morale while still being remote, companies are opting for Remote Employee Engagement Platforms. They want platforms that could offer a range of tools and features to foster collaboration, communication, and team bonding.
Potential:
A report by Upwork found that over 61.9% of the companies are planning to go remote, either completely or for a few operations. This implies that more and more companies would seek these Remote Employee Engagement platforms to boost morale and thus increase efficiency.
The Idea:
Build an employee engagement tool for remote workers allowing employers & peers to provide reviews and recognition, celebrate achievements, reward teams and most importantly, monitor progress.
Factsheet:
- Industry/Category: Employee Engagement
- Possible Business Model/s: Subscription-based, Tiered Pricing
- Revenue Potential: $1,000-$5,000 per month
- MVP Build Time: 8-10 weeks
- Successful Examples: Appreiz, Nailted, Assembly
How To Build?
- Define the categories of users like- workers, managers, other stakeholders, etc.
- Provide integrations with other softwares like- Slack, Trello, Microsoft Teams, etc. to make the workflow easier.
- Draft out all the options and features to include in the software ranging from hyping up peers to monitoring employees’ progress.
- Once you’ve checklisted all the features, build the MVP.
- It’s time for your software premiere now!
6. Influencer Marketing Campaign Tool
Background:
Influencers are all over the place. With 49% of consumers depending on influencer recommendations in their buying, businesses don’t want to lose their chance. However, it can be cumbersome to initiate an influencer marketing campaign. That’s where the influencer marketing campaign tool comes into play!
Demand:
The hold that influencers have over their audience’s purchasing decisions is undeniable. Hence, businesses wish to monetize this influence and generate profits. However, finding one that suits their brand identity and has an appropriate audience for their product is a cumbersome task. Moreover, managing all these influencers at the same time can be difficult as well. Such demands from businesses make Influencer Marketing Campaign Tools a profitable endeavor.
Potential:
According to Influencer Marketing Hub’s State of Influencer Marketing 2023: Benchmark Report, the influencer marketing industry is valued at $21.1 billion. That’s a huge jump from 2022’s $16.4 billion. It is a steadily growing market that promises to give huge returns for SaaS platforms.
The Idea:
Build an influencer marketing campaign tool assisting users in influencer discovery, campaign management and analytics across a variety of channels.
- Industry/Category: Marketing & Advertising
- Possible Business Model/s: Subscription-based, Affiliate/Commission
- Revenue Potential: $2,000-$5,000 per month
- MVP Build Time: 6-8 weeks
- Successful Examples: Creator.co, Upfluence, Klear, LinkedIn Geniee
How To Build?
- Build a massive directory of influencers to list on the platform and give users the option to filter based on industry, location, social channel and more.
- Provide access to influencer analytics, audience demographics, top content and more to let users make better decisions.
- And most importantly, include metrics to measure the success of the campaign.
- Craft a landing page and gather a waitlist.
- Develop the MVP. You may use no-code tools to make the process easier.
- Go ahead and start selling.
7. Product Feedback Tool
Background:
Products are what drives the whole business, whether it be a physical product or a service-based product. Continuous updates in products with customer feedback are the key to success. When you have just built a new product, it becomes even more crucial to collect product feedback. Moreover, if a business fails to make iterations and better the product, 34% of customers are likely to change the brand.
Demand:
Companies understand that if their products no longer satisfy the consumers, they will go out of business. They take all criticism seriously to make changes in their services or products. However, while dealing with a huge clientele, it becomes difficult to collect and manage all these feedbacks. With the help of these Product Feedback Tools, they would be able to analyze real-time, actionable feedback quickly and indulge in strategic decision-making.
Potential:
Businesses are aware that working on consumer feedback would get them 4-8% better revenue growth. They are ready to spare resources into Product Feedback Tools for their profitability.
The Idea:
Build a product feedback tool, allowing the users to collect and analyze feedback to make better product decisions.
Factsheet:
- Industry/Category: Growth & Marketing
- Possible Business Model/s: Subscription-based
- Revenue Potential: $3,000-$10,000 per month
- MVP Build Time: 4-6 weeks
- Successful Examples: Featurebase, Canny, Changelogfy
How To Build?
- Design templates and widgets for various feedback themes, eg- feature requests, bug reports, integrations, and more.
- Allow users to vote for features and see the most requested features.
- Provide an option to build a product roadmap based on the most requested features.
- You may also provide integration with tools like Slack, Zapier, and Trello.
- Once you’ve built your MVP incorporating all the features it’s time for the launch.
8. Small Hospital Management Tool
Background:
In the midst of continuous technology upgrades, building software to manage the day-to-day operations of a hospital can play a crucial role while the staff manages their patients. A study shows that healthcare providers spend 35% of their time on paperwork. This Saas software can make the whole process even simpler and faster without much paperwork.
Demand:
Small hospitals deal with a steady flow of patients with limited doctors and nurses. In such cases, spending several hours manually doing paperwork is not efficient or feasible. Their demand for such tools arises from this need. They require one cost-effective solution that could host features like patient information management, appointment scheduling, billing, and inventory tracking.
Potential:
The hospital management market by 2021 stood at $6 billion in terms of revenue. This number is only expected to rise. Research through the years suggests that the market is steadily increasing at a CAGR of 6.7% and, by 2026, is expected to reach $8.3 billion.
The Idea:
Build a hospital management tool for small-sized hospitals catering to requirements such as visitor management, admin tasks automation & tracking, finance & scheduling.
Factsheet:
- Industry/Category: Healthcare
- Possible Business Model/s: Subscription-based
- Revenue Potential: $3,000 - $6,000 per month
- MVP Build Time: 6-10 weeks
- Successful Examples: Ace, ixmedic, Insta
How To Build?
- Define various categories of users who may access the software such as doctors, staff, and patients.
- List features keeping in mind all the users. It may include niches like management, finance and scheduling.
- Once you’ve defined niches, set out features for each of them ranging from patient and staff management to billing & invoicing and stretches to appointment scheduling.
- You may also consider designing the software serving only one of the above-mentioned niches to make it easier and scale it up later on.
- Build your MVP and start testing it with beta users.
9. Personal Finance Tracker App for Salaried Professionals
Background:
Salaried professionals find themselves stuck while managing their finances. Most of their income get washed away in taxes and other necessary expenditure. It becomes important for them to keep track of their remaining salary and maintain it wisely.
Demand:
With paying taxes and other expenses, it is vital for salaried individuals to have a personal finance tracker app. They seek an app that can consolidate all of their spending in a single place and give an overview of where the majority of money might’ve gone. Based on these analytics, they could optimize budgeting and savings.
Potential:
According to Future Market Insights, the overall personal expense tracker apps Market globally reached US$ 5.5 Billion in 2018. With a recorded growth of 8.7% in 2022, the market size is projected to be at US$ 8.2 Billion by the end of 2023. Another report by Fact. Mr found that over 70% of smartphone users are shifting towards a mobile app that can provide them with personalized services.
The Idea:
Build a personal finance tracking software for salaried professionals allowing them to track income and expenditure and plan their finances.
- Industry/Category: Personal Finance
- Possible Business Model/s: Subscription-based
- Revenue Potential: $500 - $2,500 per month
- MVP Build Time: 8-10 weeks
How To Build?
- There are several finance tracking apps available but very few focus on salaried professionals. Your goal is to cater to a group of salary-driven people.
- Check out the other apps and include best-of-class features to better serve your target users.
- Include features like income and expense tracker, savings tracker, goal setting, tax monitoring and personalized finance plan.
- Make sure to build one-of-a-kind software and not any other regular finance tracker.
10. Micro-Niche Personal Planner Tool
Background:
Planning tools are far and wide but an all-in-one planning tool may overwhelm the users and lead them to discard it altogether. Having a tool that serves just one element of planning is a rather good call.
Demand:
Planning your days or months ahead can already be a challenging task. And adding the unrequired functionalities that some planners have, the task may look impossible for some people. They merely need a tool that could help them in one aspect without having to go through a lengthy process. This makes the Micro-Niche Personal Planner Tool a profitable Saas work.
Potential:
The market for micro-niche planners that focus on specific segments like time management or scheduling remains largely untapped. People who desire only some functionalities would pay a subscription fee or download such platforms in an instant.
The Idea:
Build a personal planning tool focusing on a micro-niche, allowing the users to organize tasks and monitor progress.
- Industry/Category: Personal Productivity
- Possible Business Model/s: Subscription-based
- Revenue Potential: $500 - $2,000 per month
- MVP Build Time: 4-8 weeks
- Successful Examples: Last Plannr, DoneMyBit, Timestripe
How To Build?
- Shortlist a few micro-niches related to personal planning. For instance- goal setting, productivity, habit development, spirituality, and more.
- Finalize the micro-niche you want to work around and have a demand. You may also niche down further to serve different categories of audiences like students, professionals, house managers, and the list goes on.
- Take inspiration from several planning tools available out there and build the most comprehensive and feature-rich tool for your niche.
- Build MVP and set your pricing plans.
- Righty-ho! Start taking sign-ups and thrive.
11. Sales Management Software for Artists
Background:
Art is the trend, and people are increasingly investing in art, whether it be for their workspaces, homes, or offices. However, it might become difficult for an artist to manage everything in one place. They’d better invest that time in making the art rather than managing the art. Sales managers estimate that using these automated tools can help increase sales by up to 29% and productivity by 34%.
Demand:
The sales management tool has recently become an essential tool for artists who wish to streamline their sales processes. They need a niche market tool that can address their need for a platform that can deal with inventory management, commission tracking, and customer engagement.
Potential:
The current global sales management market is valued at a whopping $120 billion. While the market for Sales Management Software for Artists would tap only a segment of this sector, it is undeniable that it has a lucrative opportunity as a micro Saas platform.
The Idea:
Build a sales management software for artists, helping them to track orders and manage sales efficiently so that they have more time painting.
Factsheet:
- Industry/Category: Art
- Possible Business Model/s: Subscription-based
- Revenue Potential: $1,500 - $6,000 per month
- MVP Build Time: 8-10 weeks
- Successful Examples: Artdeal, ArtLook
How To Build?
- Include an option to organize all the artworks in different categories and present them as an art gallery.
- Inventory management to keep track of the availability of stock and let the users know when it’s time to make more prints.
- Mainly, build a feature for artists to notify them of new orders and track sales.
- Make a list of all the others features you may want to include and set out to build the MVP.
- Once crafted, test your MVP with early users and start selling.
12. Event Staff Scheduling Software
Background:
Events can be a real mess if not managed properly and the event staff plays an important role in sailing the ship.
People often face a situation like being short of staff or wanting extra staff temporarily. Event staff scheduling software caters to just that.
Demand:
For managers who deal with new workers every week or month, coordinating their schedules, ensuring adequate coverage, and managing last-minute changes can be overwhelming. Through dedicated software, they would be able to effectively assign tasks in a streamlined process and save time.
Potential:
According to the American Staffing Association, 16 million temporary employees are hired every year. Overlooking a change of staff every few days is difficult, and the managers recognize the need for event coordination. It is a sizeable market that, while tapping a niche audience, promises to generate profit.
The Idea:
Build an event staff scheduling software to enable managers effectively schedule their staff for various events and communicate with them effectively.
- Industry/Category: Event Management
- Possible Business Model/s: Subscription-based
- Revenue Potential: $1,000 - $3,000 per month
- MVP Build Time: 6-8 weeks
- Successful Examples: Quickstaff, Event Staff App, Agendrix
How To Build?
- You’ll want to design the software keeping in mind 2 user bases, i.e, event managers and staff.
- List down all the categories of staff you’ll host on the platform ranging from servers to photographers and bartenders.
- Shortlist the events you’ll incorporate. For instance- weddings, birthdays, corporate events, trade shows, etc.
- Once you are clear with all the above spaces, draft out the features to include and build your MVP.
- Reach out to event managers & agencies to test & sell your software.
13. Airbnb Property Management Tool
Background:
Hosting an Airbnb is cool, but managing it? It’s a hell of a task. On average, Airbnb rental is booked for 21 nights per month. This becomes burdensome, especially when managers have to deal with the ins and outs of multiple properties.
Demand:
The managers of the Airbnb properties have a tough time scheduling and managing their Airbnb properties. They have to deal with conflicting schedules over multiple properties that can become pretty cumbersome to keep track of. A Saas platform that offers features such as automated booking management, calendar synchronization, guest communication, and financial tracking can reduce their worries significantly.
Potential:
Airbnb has a huge market hold. With over 4 million hosts worldwide, they are witnessing a 13% year-over-year growth. With these many hosts owning multiple properties, this tool can prove to be very successful.
The Idea:
Build an Airbnb property management tool to provide solutions to the Airbnb property managers & owners in order to assist them with Automation features and Task & Team Management.
Factsheet:
- Industry/Category: Holiday Rental Management
- Possible Business Model/s: Subscription-based
- Revenue Potential: $1,000 - $3,000 per month
- MVP Build Time: 8-10 weeks
- Successful Examples: Hosty, Lodgify, Hospitable
How To Build?
- You can’t go on listing and providing support to AirBnBs all over the globe. Begin by shortlisting a few countries or even states to start with.
- Include automation & listing features. Look out for already existing software to make yours the most detailed one.
- Set out plans for different levels of users, like a plan for managing just one property, for 2-4 properties and for 5 or 5+ properties.
- Build MVP and test it with beta users in a specific area.
- Once you have decent software ready, start selling.
14. Health & Wellness Platform for Elderly People
Background:
It’s crucial to continuously monitor elderly people for various chores regarding their medicines, appointments, etc. Almost 90% of older adults regularly take at least one prescription drug and visit doctors for it. Hence, it is imperative for them to keep track of this, especially for people suffering from dementia.
Demand:
With age, the tendency to forget arises. Older people who regularly take medicines and visit doctors but do not have someone to take care of them require a comprehensive yet sleek platform that comes with personalized health tracking, medication reminders, and social connectivity features.
Potential:
The overall well-being platform market size, at the end of 2022, stood at US $449.21 billion. The market size continues to rise at a CAGR of 5.9% and is expected to reach US$ 712.20 billion by 2030. It is a huge market, and if a sustainable platform is created, even if it is a niche for elderly people, it is bound to generate profits.
The Idea:
Build a health & wellness platform for elderly people for various aspects of life they may need help with, ranging from pills reminder to monitoring their activities.
- Industry/Category: Health & Wellness, Elderly Care
- Possible Business Model/s: Subscription-based
- Revenue Potential: $500 - $2,500 per month
- MVP Build Time: 4-8 weeks
- Successful Examples: pflegetiger, PeoplePowerFamily, SafelyYou
How To Build?
- Health & wellness platforms for the elderly can take various shapes. Research what they may need help with and list down all the categories.
- There are several categories to go with, like medication monitoring, caregiving, activity & security monitoring for independents, etc.
- You may solve a combination of 2-3 problems or focus on just one.
- Once you’ve finalized the category, research about it and list all the features you can include to best serve them.
- Build the MVP and start selling.
15. Student Feedback Software
Background:
Gone are the days teachers waited for PTMs to give feedback to students to their parents. Technology has taken over and with teaching shifting to online mode, teachers can provide feedback and progress reports of students online as well, without any hassle.
Demand:
It is not feasible for parents to attend every single PTM conducted by the school. Sending reports through the students isn’t a viable option either. In such cases, a platform that consolidates all student reports and teachers’ feedback in one place can be a game changer! The parents can easily keep track of their children’s progress, and the teachers can easily convey their remarks.
Potential:
Student feedback software remains a largely untapped market. Schools generally opt for a personal feedback system on their websites. A micro Saas platform that can offer a comprehensive view of academic progress can be built and offered to several schools. If built right, the software can potentially generate a lot of profit.
The Idea:
Build a student feedback software allowing teachers to provide helpful feedback to the students and parents.
Factsheet:
- Industry/Category: Education
- Possible Business Model/s: Subscription-based
- Revenue Potential: $500 - $5,000 per month
- MVP Build Time: 6-8 weeks
- Successful Examples: FeedbackPanda
How To Build?
- Design feedback templates to make it easier for teachers to readily provide feedback.
- Option to integrate the software with Google Classroom & Microsoft teams.
- Include an option to keep track of all previous feedbacks in one place.
- Now that you have been guided with the features, build your MVP.
- Start selling for various pricing plans.
Bonus: 3 AI SaaS Ideas
16. AI Virtual Assistant
Background:
The virtual assistant position remains as popular as ever. Many individuals and business people hire virtual assistants to research information, curate their social media accounts, schedule meetings, and do all sorts of little tasks for them. These tasks could be accomplished by a single AI tool that functions as a true virtual assistant. It can help businesses save up to 78% in operating costs per year!
Demand:
Of course, keeping several employees to accomplish different tasks is not really a smart financial decision and nor is keeping one assistant who’ll be overwhelmed by the sheer numbers. Instead, businesses are foregoing these in-house assistants and opting for one AI virtual assistant who’ll take up all these tasks cheaply and efficiently.
Potential:
Currently, more than 50% of enterprise-level companies have already employed AI virtual assistants. They use it to streamline processes, give faster responses to customers, and enhance their overall services. With steady growth, the market is expected to reach a valuation of $25.63 billion by 2025.
The Idea: Create a software that functions as a virtual assistant.
Factsheet:
- Industry/Category: Virtual Assistance
- Possible Business Model/s: Subscription-based, flat rate, tier pricing, pay-per-feature.
- Revenue Potential: $10,000+ per month
- MVP Build Time: 5-10 weeks
- Successful Examples: Emma
Where to Start?
To create a virtual assistant that can help people navigate their tasks, you need to "feed" it information about the person, their schedules, etc., to allow the client to communicate with the AI assistant and get personalized info.
17. AI Grader
Background:
Teachers have to grade numerous papers while maintaining focus. Did you know that, on average, a teacher works for 54 hours a week but only spends 46% percent of it teaching? The rest is spent on grading and other cumbersome tasks. In the end, while balancing all of these tasks, there is a high chance of human error and biases, which an AI grading tool could help avoid.
Demand:
A tool like the AI grader can completely revolutionize the assessment process. The time teachers spend on grading and then correcting any errors they might have made could be easily spent on more interactive and impactful aspects of education. The Saas tool would efficiently evaluate assignments, quizzes, and exams and provide immediate feedback to students.
Potential:
AI has already entered the education industry. Students and teachers alike are using AI tools to simplify their tasks. With this rise and the establishment of assistance tools like this Saas idea of AI Grader, the market is predicted to reach $20 billion by the end of 2027.
The Idea: What's one thing most teachers dread doing? Grading students' papers is tedious and heavy work that can take hours. A Grading Assistant is an AI tool that can grade papers and leave feedback based on the rules and information the teacher provides.
Factsheet:
- Industry/Category: Education
- Possible Business Model/s: Subscription-based and pay-as-you-go
- Revenue Potential: $5,000+ per month
- MVP Build Time: 6-10 weeks
- Successful Examples: Smodin, CoGrader
Where to Start?
First, you need to analyze your target audience to understand their main concerns regarding a nuanced task like grading students' work. Once you have done that, you can choose the right AI technology.
18. AI Chatbot
Background:
Many companies need custom chatbots to improve their customer service and reduce the time their sales and customer support teams spend on assisting clients. According to Juniper Research, it is expected to save businesses over 2.5 billion hours of work by 2023!
Demand:
Businesses are always on the lookout for ways to cut costs and increase work efficiency. Integrating AI chatbots can be an excellent way to do that! They would be able to replace a huge chunk of the workplace and give automated yet effective solutions to the customers.
Potential:
Currently, around 23% of global businesses have AI chatbots to interact with their customers. While the current numbers might seem low, the industry has seen steady growth. Even with limited consumers, the market value of global chatbots has touched $83 million in 2021. By 2027, it is expected to reach $454.8 million.
The Idea: ChatBots aren't a new thing, but AI technology allows you to customize them based on business and customer needs. Companies can upload information about their solution, pricing, features, etc., and the system optimizes this information and can use it to reply to customer questions and help them navigate your website.
Factsheet:
- Industry/Category: Customer Service
- Possible Business Model/s: Subscription-based, Usage-based, and Functionality-based pricing
- Revenue Potential: $10,000 to $100,000+ per month
- MVP Build Time: 12-15 weeks
- Successful Examples: SiteGPT, Chatbase
Where to Start?
To create your own chatbot service based on the ChatGPT technology, you can do that through ChatGPT API. However, it requires coding knowledge.
It's a Wrap
More and more SaaS companies minting millions, and with the rise in micro saas trend, you too can make thousands of dollars if not millions. It's only a matter of taking the first step.
Make sure to check out Micro SaaS Inspiration Box to tap into 200+ ideas and 700+ real life successful examples for your micro SaaS journey. Achieve faster results and maximize your chances of success:
Want more inspiration and tips to find micro SaaS ideas? Check out these successful vertical SaaS companies and the following three videos:
You may also browse through sites like MicroAquire to find out what others are building/buying and how much money are they making.
Well, with so many ideas and useful tools at your disposal, when are you launching your MVP?
Our late nights curating this list would pay off if any of these ideas make you a profit or get your creative juices flowing.
Now, time to answer some of your most common questions on Micro SaaS Ideas:
How do I find a good micro SaaS idea?
We have packed this article with the best micro saas ideas out there but brainstorming for more such ideas is your homework.
There are several key factors that make up for a “good” idea. You can use the Meat Grinder approach to test if the idea is good enough.
Are micro SaaS startups really profitable?
Yes! Check out these highly profitable vertical SaaS companies. (Micro SaaS and Vertical SaaS are one and the same).
Micro SaaS revenues are lower than a larger SaaS business. Usually, micro-SaaS revenue ranges between $1,000 - $10,000 per month which is great for a side project.
However, with increased spending on SaaS year by year, it’ll only become more profitable.
How do I build a micro SaaS product?
Building an MVP is essential to put out feelers and test your product.
You may look up to a team of developers and designers leading to an increase in upfront cost. Or you may turn to no-code tools to build your micro saas.
How do I build a micro SaaS product without coding?
While many of you may not be avid coders but we have good news for you! Several no-code tools are available to help you build a SaaS MVP without writing a single line of code.
No-code allows you to build a decent saas MVP without spending huge $$ ahead.
Are there any good, profitable micro SaaS product examples, built without coding?
There are hundreds of no-code micro saaS examples to get you inspired.
Here are some to give you an idea:
- Incomee: It is a platform built to help freelancers boost their business through easy accounting management. More than 2,500 freelancers and small businesses are using Incomee.
- Quickstaff: It helps event planners to plan better by managing plans and handling staff generating $1,500+ per month.
- Switchboard: It helps advertisers manage all their DOOH operations from a single, centralized cloud platform.
