Unable to find any Micro SaaS Idea? This might help.
Micro SaaS is trending and I would say everyone who has some entrepreneurial spirit must try it. It can give you a really different experience and maybe some passive income too.
If you don’t know what a Mirco SaaS is, then here is the quick definition, from Tyler Tringas,
A SaaS business targeting a niche market, run by one person or a small team, with small costs, a narrow focus, a small but dedicated user base and no outside funding. Hence, Micro-SaaS.
But I think most people just get stuck at the first step if it, which is unable to find a Micro SaaS idea.
The idea of bootstrapping a business, building something you work on by yourself, and raising it like a kid and after a while generating a little bit of passive income from it just sounds so incredible.
So let’s get straight into this.
Finding a Micro SaaS Idea
These are the different steps that you are gonna find for getting a Micro SaaS idea by searching on forums, and on Google but I have summed them up like this:
- Find a market or an industry which you like or have domain knowledge in
- Niche down and be specific about the people/audience you wanna serve
- Look for the problems they are having OR the tools they are using
- If they have a problem, validate it OR if they already using a tool, see if you can do better than it
So this is what the steps roughly look like for getting a Micro SaaS idea.
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Now the thing is, and I would say most people who are trying to build a Micro SaaS will agree to me, that finding a good micro saas idea is hard because:
- It seems like most problems already have been solved
- You don’t have any specific domain knowledge or any interest in an industry or market
But I think there are still some things that can be done to find an idea.
Doing better than what’s already out there
If we could look at the software that a specific job requires or maybe it is used by a certain group of people and If there’s any chance that we can try to build that tool better than it already is, we will have our hands on a good saas idea.
- Making the UX much cleaner and better or maybe minimalistic
- Looking for people’s feedback on the software and seeing if there’s any feature that needs to be added or removed.
Looking for a problem that is gonna help your customer
Most of the SaaS tools out there are built for B2B which is good because, in one way or another, it helps the SMBs to do one of three things: make more money, save more time, making it simpler.
If you can think of a problem in the industry that you have domain knowledge in or maybe you are interested in, you can do one of those three things and the SMBs are gonna pay for it.
Take for example, if you are operating a small business and there’s this task that’s gonna take you so much time to do, or maybe a service that’s costing you a lot of money or maybe a simple task that is so much complex that a simple SaaS can help you solve any one of these or maybe all three of them, you are definitely gonna pay for it. If not, then I think you don’t love your business.
Vertical SaaS
You may be well aware of the CRM industry like there are thousands of CRMs all over the place for so many different industries out there, but how they are all different from each other?
Personal Preference, I’d say. If something’s built specifically for your industry or market, you’d rather choose that one instead of the one that is built for general ones.
Just look for the industry or market where you think a particular SaaS can be adapted and just validate it by talking to some people in that industry. See if they have really wanted a specific product or not.
Conclusion
I hope you may have gotten a few new perspectives by reading this post, and If you think you liked it, then leave a comment down below and let me know.
If you think there are any other ways, then also let me know about them as well.
Thank You
