Issue#108: Building $1K-$10K MRR Micro SaaS Products around Course Authoring and Coaching
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❤️❤️ Cool Product:👉👉 Introducing App Review management with AI AppReviewBot helps you to get your reviews directly in your workspace and provides a unified platform to manage all your app reviews at one place. What you can do with AppReviewBot? ⚡ Slack/Discord integration for direct reviews. 💥 Monitor negative reviews. 🚀 Weekly summarized review view. 😉 Track competition. Are you an Agency? Works like a Breeze for an agency. Use AppReviewBot to help your clients see their reviews in a common workspace. 👉👉 Introducing App Review management with AI Sponsor This Newsletter:👉 Now you can sponsor this newsletter now and reach 28,000 people connected to Micro SaaS ecosystem. We have builders, founders, entrepreneurs, investors, marketers, no-code founders reading this newsletter that’s the best ecosystem for SaaS. Want to sponsor this newsletter? 👉 👉 Check here 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 course authoring and coaching related tools. ⛳ ⛳ Current players
👉👉 This newsletter is sponsored by AppReviewBot 🙅♀️🙅 PessimistsNegative Nancy says - “Course creation and authoring takes a lot of time. The first draft itself takes huge time and in most cases several iterations are required.” Me - That’s where AI can be leveraged. Products like Mini Course Generator reached $2.8K/month in revenue. Coursebox reached $5K MRR within 4 months of launching. These products assist individuals in creating course content, thereby saving a significant amount of time. Negative Nancy says - “WordPress plugins don’t generate a lot of revenue” Me - This Courseware WordPress plugin is making $23K every month. 🤿🤿 Deep-dive &&💡💡Some nichesAI-Powered Course Creation Tool with LMSCourse creators can earn substantial income with a good audience. However, in order to charge customers, they need a way to create high-quality content, which always requires considerable time. While there are numerous SaaS solutions in the LMS and course creation ecosystem, only a few are AI-powered. Among the most complex tasks in the course creation workflow is the initial creation of baseline content. Once this foundational content is established, refining and making updates becomes much easier. This is where some of the latest AI-powered SaaS solutions for course creation are gaining significant traction. These AI-based tools automate content creation tasks, speeding up the process. Mini Course Generator reached $2.8K/month in revenue. Coursebox reached $5K MRR within 4 months of launching. Some of these SaaS products are also providing advanced analytics on how many students are enrolled, progress made etc. Micro SaaS for Automated Bubble Sheets GradingBubble sheet grading refers to the process of automatically scoring multiple-choice exams or assessments that are answered on standardized forms with bubbles to mark the correct answers. These sheets typically have a set of questions or prompts, each associated with a series of bubbles or circles that correspond to potential answers. The grading is often done by SaaS solutions that optically scan the sheets, detecting the marked bubbles and matching them with the correct answers. This automated process allows for quick and accurate scoring of exams, particularly in educational settings where large numbers of tests need to be assessed efficiently. Gradescope is one such product in this space used by hundreds of universities with an estimated annual revenue of $3.5M. While Bubble Sheets submission is one of the features of Gradescope, there are many other features like PDF submission, tracking the results etc are available too. Simple Course Authoring Platform for Micro-learning Courses in a VerticalMicro-learning is an approach to learning that delivers bite-sized, focused content in small learning units. It's designed to be easily digestible and typically focuses on a single learning objective or topic. These learning units, often in the form of short videos, quizzes, infographics, or small modules, are concise and targeted, allowing learners to consume information quickly and efficiently. Micro-learning aims to cater to shorter attention spans and provide just-in-time learning, enabling learners to access specific information when they need it. The key idea behind micro-learning is to break down complex topics into smaller, easily understandable chunks that can be delivered rapidly, enhancing retention and engagement while fitting into busy schedules. Brining this model of Micro-learning to Vertical specific in various industries involves tailoring content to industry-specific needs, creating easily accessible modules, and encouraging just-in-time learning. Checkout products like 7Taps that makes things with Micro-learning extremely easy both from content creation and content consumption. 7Taps is used 12K businesses across the world. Here are some good use cases on how this model can help. Articulate360 is another product in this space especially built for organisations. A unified platform for Coaches and Personal TrainersPersonal coaches and personal trainers often need a system that typically includes functionalities for client management, scheduling, tasks/workout planning, progress tracking, communication, and often integrates with payment systems. Platforms like these aims to streamline and centralise the workflow for coaches and trainers, allowing them to efficiently manage their clients, create personalised plans, monitor progress, and communicate effectively, all within one system. FitSW is an all-in-one app for personal trainers, coaches, and gyms. FitSW is bootstrapped to $50K monthly revenue in 4 years and now with an estimated annual revenue is currently $1.9M. PTDistinction is also a good example of SaaS product in this space meant exclusively for personal trainers and coaches. PTDistinction is used by 40K training businesses around the world. Micro SaaS for Autograding of Coding AssignmentsAutograding in exam evaluation is the automated process of grading or assessing assessments, quizzes, or exams using software or algorithms. It's commonly used in scenarios where answers are objectively right or wrong, such as multiple-choice questions, true/false statements, or fill-in-the-blank questions. The software or system automatically checks and scores the answers based on predefined correct responses. For instance, in multiple-choice questions, if a student selects the correct option, the autograding system assigns the corresponding points. It accelerates the grading process, particularly for large-scale assessments, by eliminating the need for manual assessment of each answer. Gradescope has Autograding option that helps users seamlessly administer and grade all assessments, whether online or in-class. Gradescope has an annual revenue is estimated at $3.5M. The Autograding option provides a lot of control to automate the grading process and instructors can define their answer grading mechanism without writing complex code for the assessment. Marketplace for Courses in a specific nicheMarketplaces for courses help curate and host a variety of courses, often ranging from beginner to advanced levels, covering diverse topics within that niche. Learners can browse, select, and enroll in courses that align with their interests and learning objectives. These marketplace typically provides tools for course discovery, reviews, ratings, and sometimes even certifications upon course completion. For example, a niche marketplace might focus on courses related to data science, digital marketing, photography, or any specialized field, catering to individuals seeking in-depth knowledge or skill development within that particular area. DataCamp, CreativeLive, Wizaru are some examples that you can look at. These are not exactly marketplaces but provide access to multiple course in a specific niche in one single platform. 🔒 👉 [Get access to more additional ideas in this niche from Pro version with data points, revenue information]. 🔒 👉 [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 current niche (Pro version)See Technical chops for implementing for Micro-SaaS tools around current niche (Pro version)See Marketing chops for implementing for Micro-SaaS tools around current niche (Pro version)See Cost analysis for 100 users (Pro version)Also get 100+ SaaS niches Pro versions covering 1000+ ideas from Pro news letters**Cool Products section is for Promoted/Classified Ads. Sponsor This Newsletter:👉 Now you can sponsor this newsletter now and reach 28,000 people connected to Micro SaaS ecosystem. We have builders, founders, entrepreneurs, investors, marketers, no-code founders reading this newsletter that’s the best ecosystem for SaaS. 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Issue#107: Building $1K-$10K MRR Micro SaaS Products around Creator Economy
Friday, December 1, 2023
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Issue#106: Building $1K-$10K MRR Micro SaaS Products around Affiliate Marketing
Friday, November 24, 2023
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Issue#105: Building $1K-$10K MRR Micro SaaS Products around Local Business, Local Listing Management and Location …
Friday, November 10, 2023
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Issue#104: Building $1K-$10K MRR Micro SaaS Products around Hiring
Friday, October 27, 2023
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Issue#103: Building $1K-$10K MRR Micro SaaS Products around Scheduling and Calendar related tools
Friday, October 6, 2023
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