Issue#69: Building $1K - $10K MRR Micro SaaS around AI based E-Commerce Solutions
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Let’s see today’s Newsletter around a Micro SaaS niche. No fluffy content. If your goal is to build a $100m ARR business, this is not the right post. Here I am are NOT going to talk about building the next Facebook or Twitter. If your goal is to make a $1K to $10K MRR, continue reading. This post will cover one SAAS area and talk about multiple niches in this space. This post also explains how to do tech implementation, do market analysis, how the current players are doing, and ends with a cost analysis to understand the overall cost for 100 users. The money in the e-commerce industry needs no explanation. Let’s see how some of the AI-based products help the growth of e-commerce companies. Spyne: Create stunning images for your online catalog Cut down your cataloging cost and time in half, with a sophisticated AI that helps you shoot, edit and publish images in minutes. Mailfold: AI Powered Prospecting. Dive straight into creating a marketing campaign. Mailfold will create a mailing list based on the shop’s sales history using AI-powered prospecting. Cense: Cense AI provides small and medium-sized businesses with Conversational AI solutions to drive revenue to enhance buying journeys, improve customer service, automate conversations. Enables real-time customer communication through text messaging and various messenger applications. Verloop: Conversational AI for Customer Support. Verloop helps businesses deliver delightful experiences across channels. The conversational AI platform uses advanced NLP and ML to automatically resolve customer issues with natural language. Lalaland: Select the AI-generated fashion models that fit best with target market and dress in your brand’s latest collection. Morphl: The AI Platform for E‑commerce Personalization. Morphl AI can be used to make intelligent decisions, personalize experiences and accelerate growth. Received 4 rounds of funding and got acquired by Algolia in 2021. CopyMonkey: Create Optimized Amazon Listing in seconds. AI for Amazon Listing Optimization. Sales can be started in 2 clicks with fully optimized Amazon Listing. Founded in 2020. Received $70K in funding. Perci: Create e-commerce descriptions and Amazon listings in seconds. Built by Britton. Simpliboard: Reporting Made Simple AI-powered reports for a more successful e-commerce business. AI Powered Data That Matters. Dialogue: AI-powered E-commerce Experience. Identify the most significant dimensions and hidden connections in users’ activities and successfully predict each user’s intent through their online journey. Founded in 2019. Received $1.1M in funding. CopyPad: AI Generated Product Descriptions. Generate AI tailor-made product descriptions for eCommerce products with the click of a button. Wiser: AI driven personalized product recommendations app for Shopify. Received $5M in funding. StorePath: AI driven eCommerce platform to help scale up exponentially for e-commerce companies. Founded in 2020. Received 2 rounds of funding. Xatkit: Get an AI-powered eCommerce chatbot in less than 5 minutes. Xatkit bots work out-of-the-box and understand all shop data to automatically provide the right answer to every customer. Visely: Personalization & search service for e-commerce platforms. Boost your sales with personalized in-store and email recommendations. LimeSpot: Increase sales and delight customers with industry-leading suite of AI-driven personalization and customized merchandising solutions. OChatbot: Ochatbot helps to build AI chatbot without coding and boosts conversion rate for eCommerce sales, leads and the overall support and user experience. Crawlify: Extract e-commerce product data at scale automatically The Product API uses advanced AI technology to extract complete data from any e-commerce product page. Predis: Generate Content from your E-Commerce products. Thousands of E-Commerce store owners use Predis to plan their content calendars and make sure it works the best for their audience. Suggestr: Supercharge your store with AI that can improve the discovery across your whole catalog with visual AI that understands your products just like a human does.
Negative Nancy says - ‘People can detect AI-generated text and images and gives negative impression’ Me - AI has grown beyond this. The latest AI solutions can generate human faces, images, text. It’s not that people cannot detect an AI face but it’s just that with the recent improvements in AI, it won’t look odd to the customer. Since this saves a lot of time for companies, companies started adopting AI-based solutions. Negative Nancy says - ‘E-Commerce is too big for me’ Me - Pick on a niche in the eCommerce segment. You can pick as small as a plugin for Etsy, Shopify, or Magento. It doesn’t have to be a big complex solution. Start small and understand the ecosystem. Deep-dive & Some niches
Technical chops Learn technical pointers on how to build products around this niche. 👉 🔒[Pro access] Marketing chops Learn Marketing pointers on how to start marketing the products for this niche. This should give you a marketing head start. 👉 🔒[Pro access] Cost Analysis for 100 customers Learn how much it costs to build a product in this niche and cater to 100 customers. 👉 🔒[Pro access] Pro VersionSee all profitable players in this Micro SaaS niche (Pro version)See another 100% ideas for Micro-SaaS tools around AI based E-Commerce Solutions (Pro version)See Technical chops for implementing for Micro-SaaS tools around AI based E-Commerce Solutions (Pro version)See Marketing chops for implementing for Micro-SaaS tools around AI based E-Commerce Solutions (Pro version)See Cost analysis for 100 users (Pro version)Also get 81 SaaS niches Pro versions covering 890+ ideas from Pro news letters |
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Issue#68: Building $1K - $10K MRR Micro SaaS around Growth Hacking
Friday, November 18, 2022
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Issue#67: Building $1K - $10K MRR Products around Contextual Data & Research As A Service
Thursday, November 10, 2022
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