No fluffy content. If your goal is to build a $100m ARR business, this is not the right post. Here I am are 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 more on how to do tech implementation, do market analysis, how the current players are doing, and also ends with a cost analysis to understand the overall cost for 100 users.
What is OpenAI/GPT-3 & Why is it becoming so popular?
Generative Pre-trained Transformer 3 (GPT-3) is an autoregressive language model that uses deep learning to produce human-like text. It is the third-generation language prediction model in the GPT-n series created by OpenAI, a San Francisco-based artificial intelligence research laboratory. See more at OpenAI and OpenAI blog.
If that's a lot of jargon, don't panic. GPT-3 is purely API based and if you know calling an API, you should be good to go.
Unlike other niches, this niche is just gearing up and you would need to apply for Beta access for the GPT-3 API at https://share.hsforms.com/1Lfc7WtPLRk2ppXhPjcYY-A4sk30
Some products built on OpenAPI/GPT-3 got a lot of traction in the last few months.
Headlime - Marketing copy that writes itself, powered by GPT-3
Vwo - A/B testing using OpenAI's GPT-3
MagicEmail - AI-powered email assistant that summarises your incoming emails as well as composes professional emails from one-liners
CopyAI - GPT-3-powered Copywriting. 30K users signed up.
IdeasAI - GPT-3-powered business idea generator
Negative Nancy says: GPT-3 is tough as it is built on machine learning and you would need knowledge of machine learning.
Me: If you know how to call an API, you are good to go with GPT-3. That's like a wrapper and you wouldn’t need to have any knowledge of machine learning.
Negative Nancy says: GPT-3 isn’t providing API access to everyone.
Me: That's correct. But you can apply for the beta program at https://share.hsforms.com/1Lfc7WtPLRk2ppXhPjcYY-A4sk30 and start building products to have a first-mover advantage.
Generate Tweets - One of the biggest problems for people posting on Twitter is the ‘writers-block’. After posting a few tweets, it often becomes tough to ideate and post new content. Create a new SAAS product based on GPT-3 API that reads your previous tweets and analytics data for the tweets and automatically generates tweets based on this data that gives a high level of Twitter engagement. Sometimes GPT-3 can go crazy, so always provide an option for users either to “Auto-approve” tweets or provide “manual-approval” for Tweets to post on behalf of users. Provide an add-on to generate the images also for Tweets. Usually, tweets with media attachments gather more attention. Based on the generated Tweet text, pull a gif from publicly available gifs or autogenerate media/images using Image APIs that takes an image and text and outputs the image with text overlay. For example, BannerBear API can be used to autogenerate the images.
Text Summarization - Text Summarization is a great tool to summarize long passages of text. For example, summarizing a long blog post, summarizing a new article, summarizing a research paper or a thesis. GPT-3 API can be used for text summarization. Creating a browser-based plugin that auto summarizes the content on the web page is a great micro saas tool.
Rephrase/Paraphrase content - Sometimes the content that we write in a blog post may need to be repurposed in various forms. Creating a micro saas product in similar lines that takes the content and then generates a slightly varied content that can be repurposed to post on other forums or social media. This is specifically good for people who write 2K to 5K words of content. The tool that you create should be able to take the big blog post and create multiple small blog posts with varied content similar to the original blog post is a great tool for content creators.