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Issue#102: Building $1K-$10K MRR Micro SaaS Products around Knowledge Base Software

Upen

Sep 29

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Flezr, a no-code tool for building dynamic websites by Upen, reaches $300 MRR.
Polygloss, a language learning app by Etiene hits $600 MRR.
Tim grows Pally , a social media management platform, to $62K MRR
Usama crosses $1100 MRR with AITwo.co - an AI-based Architecture and design tool
sinkin.ai by Joe Li, a service that hosts Stable Diffusion models on cloud GPUs, crossed $10K monthly revenue in 6 months.
Lana grows Charge for Outlook , a simple browser extension for bulk outreach with Outlook, to $1K MRR
Thomas Sanlis crossed $10K in revenue with Uneed, a tools directory
Kyle Nolan his $200K ARR with ProjectionLab along with a full-time job

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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, 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 Knowledge base Software.

⛳ ⛳ Current players

Fleeting Notes: Scratchpad for Obsidian. Reached $2.7K/month in revenue.
AudioPen: transforms messy voice notes into publish-ready text. Draft articles, memos, emails, and more.
Twos: a tool that combines notes, calendar, to-dos, reminders, lists, and journal to stay organized and easy share.
Tettra: an AI powered knowledge management system that curates important company information into a knowledge base. Crossed $800K revenue and 500+ customers in 2023.
Capacities: a tool for managing and organizing personal knowledge in an intuitive, object-based system.
Supademo: helps teams create interactive demos and guides in seconds.
Collabwriting: Turns online research into an actionable knowledge base. The Chrome extension helps you share, comment, and collaborate on any content you find online.
My AskAI: An AI assistant that saves customers or employees from asking the same questions and drowning in documents. Reached $14k MRR, and just over 300 users.
Bloomfire: a knowledge management platform that makes it easy to share, find, and collaborate on the knowledge that exists across an organization. Estimated annual revenue is $11.7M.
Docusaurus: an open-source tool to quickly ship a documentation site by writing content using Markdown.
TalkNotes: Turns voice memos into clear content fast.
Guidde: Lets users create video documentation with AI.
ReadMe: transforms API docs into interactive hubs that help developers succeed. Estimated annual revenue is $4 million.
Podwise: Extracts structured knowledge from Podcast episodes.
Slite: combines powerful knowledge management features with instant, AI-driven access to information, bringing growing teams a single source of truth. Reached $3.3M annual revenue.
Mem: AI-powered knowledge assistant that deeply understands and automatically organizes users’ information. Received $29 million in funding.
Slab: Lets user create, organize, and discover knowledge for their entire organization, from non-technical to tech-savvy. Reached $1.2M in revenue.
Trickle: Provides AI-generated insightful summaries for each uploaded screenshot, especially for text-heavy and unstructured diagrams.
Klever Suite: all-in-one digital workspace for teams that consolidates all the work - projects, tasks, and Wiki docs in one place.
Chatbase: Lets users connect their data sources to get a ChatGPT-like chatbot for their data. Reached $59,000 in MRR in 3.5 months.
Eniston: an intuitive knowledge-base management software that offers a clean and simplified interface.
Question Base: helps customer-facing teams close more deals and support tickets by accessing instant verified answers to their questions in Slack. Powered by AI.
Rewind: Rewind captures everything a user sees on Mac and iPhone and makes it searchable with AI.
YouLearn: an AI tutor for understanding lectures. Generates MCQs, study cards, illustrations, mind maps, and supplementary materials.
Superthread: a task tracker with Integrated roadmaps, issues, and docs.
Floik: Turns product flows into interactive content - demos, videos and step-by-step guides. Received a total funding of $3.52M.
Klutch: For teams that want to collaborate and organize company information, save time on repetitive questions, and onboard new team members.
Whimsical: unified workspace for thinking and collaboration that brings together five different formats — flowcharts, wireframes, docs, projects, and mind maps. Estimated annual revenue is $5.8M.
dante-ai.com: Custom GPT-powered chatbot builder.
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🔒 👉 [In Pro] See which voice note tool made $73,000 in 2 months.
🔒 👉 [In Pro] See who reached $1K MRR in 6 Months with 60 Paying Customers with a micro saas for creating interactive demos.
🔒 👉 [In Pro] See who reached $2500+ in revenue with 50+ paying users within 2 months of its launch.
🔒 👉 [In Pro] See which tool hit $7K MRR in less than a month of launch.

🙅‍♀️🙅 Pessimists

Negative Nancy says - “Why do I need software to handle my Knowledge base when I can simply use Google Docs and give the link to whoever needs it?”

Me - It's manageable when you're dealing with a small group of 4-5 individuals. However, in situations where you have an extensive library of hundreds of help guides, documents, and video tutorials, you require a more robust system to efficiently organize and manage these resources at scale. Each additional minute a user invests in searching for the pertinent help guide brings them closer to churn or deters them from becoming paying customers.

Negative Nancy says - “Who leverages AI to learn from docs? Aren't documents traditionally intended for manual reading and comprehension?”

Me - PdfAI crossed $200K ARR in less than a year by helping users to learn faster from PDFs docs. People are happily paying for such solutions.

🤿🤿 Deep-dive &&💡💡 Some niches

Micro SaaS for Personal Knowledge Management (PKM): [B2C & B2B Scope]

Personal Knowledge Management tools can help bring together users everyday notes from places like Notion, Docs, Emails, and Notepads etc. They make it easier to organize all this information, acting like a virtual filing system. This can simplify users thinking, reduce mental clutter, and provide clarity. These tools gather all of that in one place, making it less chaotic. Plus, they let users find what they need quickly, which can make them more efficient and help think more clearly in daily activities. These products were traditionally seen as something for individual consumers (B2C). However, companies like Mem have changed how people view these products. Now, many companies want to provide these tools to help their employees be more productive and save time by using their notes and bookmarks. This shift in thinking recognizes that managing knowledge isn't just for personal use but can be really useful for businesses too. It helps employees learn and work better, and it makes the company more efficient overall. So, these products are no longer just for personal use but also for businesses to make work easier. Some products in this space are Capacities, Twos, Rewind, Mem(Received $29 million in funding)

Micro SaaS for AI-Powered Knowledge Extraction from Podcasts or YouTube videos:

Getting knowledge from Podcasts or YouTube videos is like mining gems of information. When you listen or watch, you're not just entertaining yourself; you're learning. From podcasts, you can pick up insights on topics you're passionate about, whether it's science, history, or self-improvement. It's like having a conversation with experts in your ear. YouTube videos take it a step further. You can see and hear the knowledge in action. From DIY tutorials to deep dives into complex subjects, it's a visual treasure trove. But the complex part is taking notes and organize the learnings while listening to a podcast or learning from a Youtube video. That is where some founders started building products to organize the learnings for people who use Podcasts and Youtube regularly. Podwise is one such product aimed at knowledge extraction but specific to podcast listeners.

AI-Powered Tool for Creating Customised Learning Pathways from Knowledge base

Creating ‘customised learning pathways’ from a Knowledge Base is all about making learning highly efficient and personalised. It's like having a tailored roadmap to knowledge. The goal is to ensure that individuals, whether they're new employees, students, or anyone seeking to acquire specific skills, can access the most relevant information from your extensive knowledge repository. It’s like leveraging AI to help understand the content better but more from a ‘teaching/learning’ perspective. For example, products like YouLearn helps users create a customised learning path based on a study guide, document, pdf, video file, RSS feed or a Youtube video. It’s like having an AI tutor to understand the lectures and educational content better.

GPT-powered chatbot trained on Company’s Help Docs for Customer Support and Onboarding

Many organizations possess extensive data within their help documentation. Frequently, individuals attempt to locate specific information in these documents. If they can't find what they need, they turn to a chatbot for manual assistance. This happens because the content in the help documentation is often challenging for users to access and comprehend easily. This issue is being addressed by many emerging startups utilizing OpenAI's technology. They aim to create chatbots capable of comprehensively reading a company's help documentation and delivering user-friendly responses within the chat interface. Additionally, these chatbots can provide relevant reference links, ensuring users have quick access to supplementary information when necessary. The beauty of these tools is that they can automatically scrape all your pages/help docs without you manually entering the links. This is a growing trend with products like My AskAI, Chatbase, dante-ai.com and Question Base coming in this space.

My AskAI: Reached $14k MRR 300+ users.
dante-ai.com: Hit $7K MRR in less than a month of launch.
Chatbase: Reached $59,000 in MRR in 3.5 months