Issue#89: Building $1K - $10K MRR Micro SaaS Products around Decks and Presentations
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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 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, and how the current players are doing, and ends with a cost analysis to understand the overall cost for 100 users. Let’s see some of the players around tools for decks and presentations. ⛳ ⛳ Current players
🙅♀️🙅 PessimistsNegative Nancy says - “Using Generative AI might get complex and need a lot of knowledge on AI/ML” Me - The use of OpenAI/GPT-3/ChatGPT APIs has made it substantially easier to build applications that incorporate Generative AI technology. You don’t need a complex infrastructure or AI/ML knowledge to build apps around Generative AI. Negative Nancy says - “PowerPoint is great but not interaction friendly” Me - Right and that is why you need to build products that make it more interactive with live Q&A, Polls, and Graphs. More in the next sections around this. PowerPoint is already used by millions of users across the globe and a solution around PowerPoint that could make it more interactive will help many people using PowerPoint.” 💡💡 Deep-dive & Some nichesInteractive Presentation Tool:Making presentations interactive is one of the biggest challenges to any presenter. One of the best methods to make presentations interactive is to use engaging polls, and questions and drive the conversations. Traditional presentation decks lack these features usually. Create a Micro SaaS that helps make presentations interactive. A few add-ons for something like this would be to add interactive images, video, and infographics as well where people can click through the images/video and infographics to present better to the audience. Another add-on would be to add a feature where the presenter can track the attention of the audience in real time. This would allow the presenter to make changes to the presentation on the go and make it more interesting for the audience. The presenter must also have access to analytics and reporting tools. This would allow the presenter to understand the effectiveness of the presentation and make changes to it based on the feedback received. AhaSlides , Mentimeter and Genially are a few examples in this space. For example, tools like Genially are just not only used by businesses but also by a large number of educational institutions. Genially’s estimated annual revenue is currently $8.9M. In 2022, Mentimeter reached $21M in Revenue with 80K customers. Generative AI for Creating Presentations:No matter how many times you create a presentation, creating a new presentation from scratch is a daunting task because of the huge time it takes. With Generative AI trending exponentially, create a Micro SaaS that can help create presentations on the fly with minimal input from the user. The tools should also let users edit the PPT right inside the tool or at least give them a downloadable asset to edit further. If the Generative AI is decent enough, in most cases, this should cut down at least 50%-60% of the effort required. The Micro SaaS product should have a user-friendly interface that allows users to fill in the basic information about their presentation such as the topic, intended audience, main points, and any special requirements. This information will be used by Generative AI to craft a presentation tailored to the user’s needs. The users can then view the generated presentation and customize it as per their needs. The user should be able to also download the presentation to edit further or share the link with others. This SaaS solution could include access to premade templates, additional customization options, team collaboration, and more. A few products like MotionIt, Beautiful.ai, and Magic Slides are doing well in this space. Beautiful.ai hit $1.9M in revenue in 2022. AI Voice-Over Generator for Presentations:AI Voice Generators are getting popular with huge search volumes. One of the biggest usages for AI Voice generators is using the generated voice for Presentations. ‘Reusing content’ is one of the best hacks of any industry to save time and build traffic from one single content type. Most companies/businesses want to reuse existing presentations and add voiceovers to them that resemble natural voices and push the presentation with voice-over to places like Youtube and other streaming platforms to drive traffic or build authenticity. Create a Micro SaaS that can take existing slides as input and a few selections of voices/accents and the Micro SaaS should be able to provide a fully usable video (presentation + audio/voice-over). Some players like Murf built products to generate a voice-over for Google Slides. With tools like these users don’t need to record or spend hours editing voiceovers for their presentations. Users can use the add-on to write and edit the voice-over and create slides simultaneously. See Murf addon for Google Slides to know how this works Presentation Templates for a Specific Niche:While creating SaaS is one of generating revenue in this niche, there are other possibilities like building Info Products/Courses in this niche. Many people need readily available presentation templates that they can tweak based on their needs. Using templates can help to save time when creating a presentation as there is no need to start from scratch. Create an e-commerce kind of store where people can download readily available presentation templates for various things. Some popular template categories could be - Pitch Decks, Fundraising Templates, Notion-based templates, Figma-styled templates, Financial Templates, etc. You can also offer a one-time consultation for creating these templates from the base template. Many people look for this kind of ‘done-for-you’ service. Base Templates is one good example in this niche that reached $10K MRR. You can also pick your popular templates and create video courses like these. 🔒 👉 [Get access to 1000+ additional ideas and more additional ideas in this niche and across all niches from Pro version with data points, revenue information]. 💻 💻 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 Decks and Presentations (Pro version)See Technical chops for implementing for Micro-SaaS tools around Decks and Presentations (Pro version)See Marketing chops for implementing for Micro-SaaS tools around Decks and Presentations (Pro version)See Cost analysis for 100 users (Pro version)Also get 90+ SaaS niches Pro versions covering 1000+ ideas from Pro news letters👉 The report you're reading now was available to Pro subscribers 8 weeks ago. By upgrading to Pro, you'll gain early access to every edition, staying ahead of free subscribers. Get your Pro subscription today. |
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