Have you ever considered a problem only a few people face? Imagine creating a solution that serves their needs and caters to their problems. Most people think this is not feasible, and one person can easily handle and manage the solutions.

Welcome to the concept of Micro SaaS. Even the small group of people who face the problems you are creating solutions for will appreciate the services you provide them and will be willing to pay good money for more such ideas. As such, approaching such Software as a Service business startup idea is not always as bad as it may seem and is even feasible.

What is Micro SaaS?

Micro SaaS can be considered a small one that attends to the customer’s needs. It is created by an individual or a small number of people and uses as few resources as possible to solve the problem being addressed. Usually, a Micro SaaS does not need any funding from the outside and can be designed, developed, run, and managed by a few people.

Reasons to Start a Micro SaaS Company

Speed

The main reason for starting a micro SaaS company is that it is faster to build. It takes less time to develop the solution since it is designed for a few people. As such, getting the specifications and requirements of the product to be developed is a lot easier.

There are no code tools and more specific parameters and scope to work with, significantly reducing development time. The solution can also be iterated much faster, meaning improvements can be easily integrated into the products. The end-users can get the best services and higher product quality.

Ownership

You are the owner of your micro SaaS, and since you have invested your time and effort into developing a solution for your users, you get to own it completely.

This puts you in control of the business, and you also get to take all the profits from the company’s operations. Easier management makes it easier to scale up, improve your product, and iterate releases much faster.

Location Independence

You can also enjoy location independence when you start a micro SaaS product. You can start it virtually anywhere, and the fact that it requires minimal resources means you can run it from the comfort of your home. You do not need a vast office; any comfortable space can be used to start the company.

Recurring Revenue

A micro SaaS company is a good source of recurring revenue, which is crucial for you as a business owner. The income you have worked hard to earn will be recurring since your product is better targeted.

Your customers will have particular needs, meaning they will be willing to pay a subscription fee to get your services. The revenue is also helpful for maintaining your infrastructure and enables you to improve your services.

Following are some of the best and most profitable micro SaaS ideas that will get you started. They are also an inspiration for starting a micro SaaS product or business. If you have similar ideas, feel free to adapt the ideas to your own needs and get yourself on the track to success as the owner of your own small business.

Following are the 18 best unique micro-saas business ideas according to our research.

1. Track Keywords on Reddit, Twitter, Facebook, etc
2. Video Testimonials
3. Screen & Camera Recording
4. E2E Testing for web applications
5. Productivity Tool
6. Legal Contract Interpretation
7. Website Alerting
8. APIs for authorization & access control
9. Website feedback tool
10. Logo Design
11. Manage subscriptions and bills with others
12. Private live-streaming events
13. Convert JSON into an API
14. Track how customers use your product
15. Anonymous conversation nearby
16. Language Learning Platform for Professionals
17. Virtual Escape Room Platform
18. Personalized Art Discovery Platform

1. Track Keywords on Reddit, Twitter, Facebook, etc

Keeping track of trends and conversations on big social media platforms, websites, and online forums is a viable business idea for a small SaaS.

With the statistics that you gain from these conversations that take place daily, you will be able to provide your customers with valuable insights that they can use to determine the direction their online conversations take.

You can also determine the trends and empower other businesses, individuals, and organizations to make more relevant content for their customers based on your tracking keywords.

2. Video testimonials

Creating video testimonials is an important business that lets you create customer testimonials for various companies. Video testimonials are more powerful than written reviews and will likely earn a company greater recognition. Some businesses and companies are willing to pay good money to get video testimonials that can be used to grow and improve their brand.

3. Screen & Camera Recording

Screen recording is essential for webinars, online tutorials, and other presentations. A micro SaaS idea based on this will require a computation infrastructure to handle massive data, but maintaining it will be much easier.

Product demonstrations of software products help drive sales for modern software companies, and any business based around this idea can be profitable. A good example is Tella which is effective for creating product demonstrations.

4. E2E Testing for web applications

Web applications require intense testing before they are released into the wild. Any web application must undergo meticulous testing to ensure that it meets the user’s needs and that users can enjoy a better experience when interacting with the application.

Getting through the entire user journey, from opening a web app to the end, provides valuable tips for improving the product. As such, this is a sound micro SaaS idea.

5. Productivity Tool

People are looking for ways to be more productive. They need to get more done with their time, and a productivity app can be handy. The app itself is easy to build, and you can include features that will enhance the creativity and productivity of your customers. As such, this productivity control is another viable business idea that is easy to start and provides excellent value for your users.

6. Legal Contract Interpretation

Legal services are in great demand on the internet, and when you have some knowledge of the law, you can provide legal contract interpretation services. This will enable your customers to get the legalese broken down into simpler terms with which they can work. Your services will be in great demand, and your business will succeed.

7. Website Alerting

Businesses and individuals with their websites on the internet must be alerted when they are offline. Uptime is essential to keeping a website online, and alerting them in time ensures they can restore services to their customers more quickly. Website alerting is another viable micro SaaS startup idea that greatly benefits you and your customers.

8. APIs for authorization & access control

Access control is one of the leading security features used by modern businesses. Web applications must ensure that the legitimate user is at a terminal accessing information. Providing authorization and access control APIs can simplify identity management for your customers, which means you can earn an income by securing information and controlling access to it.

9. Website Feedback Tool

You can also create a website feedback tool that can be used to review websites on the internet. Businesses online need reviews for their websites, which is one of the best ways to get their brands recognized by more people. A website feedback tool will enable your client’s business to get the feedback it needs from the customers, which is essential for continuous improvements.

10. Logo Design

Businesses require logos to make their brand identities unique and stand out from the rest of the competition. Powerful logos are essential for companies, and they will be willing to pay you for your services.

This is a simple business to start, and it can quickly gain many customers with the clientele you initially build. Make a good impression on a customer with a good logo design, and they will be sure to refer others to your business.

Example: Designevo

11. Manage subscriptions and bills with others

Bills and subscriptions are the most frustrating things that we can ever do. Managing bills with others is frustrating, and there is usually no easy solution. Managing your subscriptions, for instance, can take a massive chunk of your time. This is a good business idea as it will save your customers time, and they will also not have to worry about paying their bills and subscriptions on time.

Timely alerts and automated payments will ensure they have all their subscriptions up-to-date and their bills paid quickly. As a business idea, this one will get you more customers as more people need this service than ever.

12. Private Live Streaming Events

With the internet’s growth, live-streaming events have increased in popularity. These are getting more audiences; whenever you can provide your customers with such a service, they will thank you.

Giving them a chance to stream events live and a platform to make their streams available to their audiences is a great way to start a micro SaaS business, and this is a business model that can gain traction fast.

13. Convert JSON into an API

JSON is the standard information representation for websites, web applications, databases, and mobile applications. When you can turn JSON into an API, your customers will be able to use it more efficiently.

For this reason, you can allow them to see the information they are working with and even convert it into other formats. This is a good business idea and does not require much in the way of investment or funding. The initial work might be challenging, but the end product will earn you revenue.

14. Track how customers use your product

Analytics and statistics are the two main things that power modern businesses online. Tracking products that many companies can use is essential and can provide them with critical information to stay ahead of the competition.

Analytics service providers can make good revenue from their services, and as a business idea, this is quite a possible service to sell to your customers.

15. Anonymous conversation nearby

This is a business idea that you can start thinking that no one will be there to use it. However, many people are interested in conversations, not those participating.

As such, creating a niche market for a product that can inform your users about the anonymous conversions around them is pretty feasible. It can bring you significant revenue, and your business will attend to the needs of a specialized group of people who need such services.

16. Language Learning Platform for Professionals

A Micro SaaS idea targeting language learners in specific professional fields could be a platform that offers industry-specific language courses.

The platform would focus on teaching the essential vocabulary, phrases, and communication strategies for professionals to thrive in their respective industries.

For instance, it could offer courses tailored for medical professionals, engineers, or lawyers. This targeted approach would differentiate the platform from general language learning apps and cater to a niche market of professionals looking to expand their linguistic skills.

17. Virtual Escape Room Platform

A Micro SaaS business idea in the entertainment and team-building sector could be a virtual escape room platform.

This service would provide customizable, interactive escape room experiences for remote teams, corporate events, or social gatherings. The platform would allow users to select from various themes and difficulty levels or even create custom scenarios.

Integrations with video conferencing and chat tools would enable seamless collaboration and communication among participants.

18. Personalized Art Discovery Platform

A Micro SaaS idea catering to art enthusiasts could be a personalized art discovery platform that connects users with artwork tailored to their tastes.

The platform would use machine learning algorithms to analyze users’ preferences and browsing history to recommend artwork from various online galleries, artists, and marketplaces.

Users could save favorites, receive alerts about new work from preferred artists, and purchase artwork directly through the platform. The service would cater to a niche audience of art lovers looking for a more targeted and personalized art discovery experience.

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Frequently Asked Questions (FAQ)

Q: How do you value a SaaS company?

A: Usually, this will depend on your company’s profitability and how long it has been in operation. Recurring revenue is one of the best indicators of value for your company and can be used to determine the profitability of your SaaS company.

Q: What are the valuation multiples for SaaS companies?

A: Annual recurring revenue is one of the multiples used to provide a revenue-based valuation for SaaS companies. Seller’s discretionary earnings (SDE) are also used to evaluate a company and are the remaining value left after you have taken care of all expenses. A third valuation multiple is the earnings before interest, taxes, depreciation, and amortization. Also known as EBITDA, it is ideally suited to companies with high profits.