Issue#82: Building $1K - $10K MRR Micro SaaS products around AI, GPT-3, Stable Diffusion, DreamBooth - Part 1
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Micro SaaS News this week in 2 minutes
(This saves you hours of time and keeps you up to date on what's going on in Micro SaaS.)
Our pro member, Artem Smirnov reached $100 MRR with Twool in only 2.5 months after his first commit. Interestingly, he got his 5 customers even before building the landing page by using only Twool.
Andrew Kamphey made $200,000 revenue in 3 years from BetterSheets. See his earlier interview on FounderBeats.
Atua, a Mac app for access to ChatGPT by Yudax, hit $1000 in less than 24 hours.
Docswrite.com, a tool by Sandeep Acharya to move content from Google Docs to WordPress instantly, is currently at $387 MRR and made around $1.5k in March 2023.
Sebastian, shares his journey of one year full time indie hacking and reaching $450 MRR from two apps, HabitKit and Liftbear
Noah Shreve reached $5000+ MRR in 2 months by launching adesign and Webflow development subscription service, shreve.one
LogoAI by Ping hits a new revenue milestone of $50k/month.
David Pokorny reaches $3.5K MRR by providing UI/UX and design services to early-stage SaaS businesses.
Let’s see today’s Newsletter around a Micro SaaS niche.
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, and how the current players are doing, and ends with a cost analysis to understand the overall cost for 100 users.
This is Part 1 of the two-part series.
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.
What is DreamBooth?
Dream Booth is like a photo booth, but once the subject is captured, it can be synthesized wherever your dreams take you. Dreambooth is a technique to teach new concepts to Stable Diffusion using a specialized form of fine-tuning. Some people have been using it with a few of their photos to place themselves in fantastic situations, while others are using it to incorporate new styles.
Some products built on OpenAPI/GPT-3/StableDiffusion/DreamBooth/DallE2 got a lot of traction in the last few months.
GoMoomBeam: Become 2x better at writing in 10 Minutes Moonbeam's AI will give you everything you need to write killer long-form content. Crossed $100K ARR is less than a year.
HairGen: Get a preview of how one would look before spending thousands on a FUE/FUT procedure. All generated from AI.
Hairstyle AI: Helps try new hairstyles with the power of AI. A powerful AI technology to generate different hairstyles and see which one suits best. Works for male and female haircuts.
QuestGen: Generate quizzes from any text in one click using AI. Built with NoCode. Currently at $1200 MRR.
BarryAI: Create incredible bedtime stories with the help of Barry, AI based story telling assistant.
FeatherAI: Use AI right inside Notion. It helps creating the first draft quickly and supports Notion styled commands.
FashionAdvisorAI: Ask Questions & Get Answer's from FashionAdvisorAI. This uses artificial intelligence to help you find answers to your fashion queries.
AvatarAI: Create profile pictures, pet portraits, dating photos, professional LinkedIn photos and more. Crossed thousands of dollars in revenue in less than 2 months.
AI2SQL: With AI2sql, engineers and non-engineers can easily write efficient, error-free SQL queries without knowing SQL. Crossed $300 MRR in less than a year.
DreamLofi: Create lofi artwork in seconds with AI. Use powerful AI technology to generate beautiful lofi artwork for any beats. Lo-Fi is a largely music-centric aesthetic that utilizes muted tones and mundane imagery to evoke a feeling of calm and nostalgia.
InteriorAI.CA: A super-easy online interior design system that utilizes artificial-intelligence for designing any space with the best experience for amateurs.
StockAI: Generates photos from input text. Also access thousands of pre-generated photos. All photos are generated from AI.
Headlime - Marketing copy that writes itself, powered by GPT-3
Vwo - A/B testing using OpenAI's GPT-3
Nichess: Get blog posts, ads, social media content, poems, business ideas and more by just clicking a button. Crossed thousands of dollars in revenue.
Negative Nancy says: GPT-3 is costly.
Me: It was costly. Now GPT-3 has cut down the prices heavily.
Negative Nancy says: Isn’t the whole ecosystem about just making API calls because GPT-3 is just API based?
Me: That’s right. So, now is the time to build products much faster by just using APIs. You don’t have to have complex tech knowledge. For example, ExcelFormulaBot is built using NoCode tools and is at $3,300 MRR.
Opportunities in this space
Let’s see some of the opportunities in this space.
Generate Pet Avatars based on Pet pictures: There has been an unwritten notion that people love to spend more on pets than anything else. In most countries, people love to spend a lot of money on pets and take special care of pets. Create a Micro SaaS that is specialized in generating profile pictures or variations of pets based on uploaded pictures. Something like below. Currently DreamBooth model supports this fully and you can leverage DreamBooth to build this. Remember, you can just use Replicate and build this with API calls and commands.
Generate SQL Commands using AI: SQL is one of the biggest skills people need while working on data. While there are courses to teach SQL commands, it’s still a challenge for beginners to write advanced queries. Create a Micro SaaS tool that can convert the natural language into working SQL commands. This is possible to implement with GPT-3 Codex model. See for more here. Your SaaS tools should be able to define table structure and allow users to enter text input which will generate the actual SQL query. For example, with AI2SQL, engineers and non-engineers can easily write efficient, error-free SQL queries without knowing SQL. AI2SQL crossed $300 MRR in less than a year.
Generate PowerPoint presentations using OpenAI/GPT-3: For most IT positions, creating PowerPoint is one of the most common things. Right now, GPT-3 could generate automated text on various topics with a few prompts. Create a PPT generator on top of GPT-3 that can take the prompts as input and generate a readily editable PPT for use. You can use open-source tools like NodePPTX and PowerPoint generation to create a PPT from the GPT-3 generated content. If you prefer server-side rendering, use NodePPTX with GPT-3.
Generate Interior and Exterior Designs for Residential/Commercial properties using AI: Getting interior designers to design your house and show you a 2D/3D version is often a daunting task. It also costs huge money. Several agencies charge thousands of dollars for this virtual design of a house for interiors. Create a Micro SaaS that can help solve this problem. A product like this is not only useful for B2C customers like normal residents but is also useful for B2B like Agents, Commercial Space owners who want to show various samples to their customers. See InteriorAI in this space, an AI tool to help generate interior design images from uploaded raw photos of the rooms/house. InteriorAI crossed $100K ARR in less than 3 months. The same pattern can be applied to exterior designs as well like designing lawns and open spaces. Below is a sample from InteriorAI.
Generate Ads - Autogenerate high-performing ads using GPT-3. Read previous ads and the stats for the ads. Input the high-performing ads into GPT-3 and get similar ad copies. Automatically take the performance stats of the new GPT-3 ads and update the ad generation process to continuously adapt and improve. Provide an add-on that works straight with Google Ads, Twitter Ads, Reddit Ads, and Quora Ads.
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Learn technical pointers on how to build products around this niche.
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Learn Marketing pointers on how to start marketing the products for this niche. This should give you a marketing head start.
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Cost Analysis for 100 customers
Learn how much it costs to build a product in this niche and cater to 100 customers.
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See all profitable players in this Micro SaaS niche (Pro version)
See another 100% ideas for Micro-SaaS tools around AI, GPT-3, Stable Diffusion, DreamBooth (Pro version)
See Technical chops for implementing for Micro-SaaS tools around AI, GPT-3, Stable Diffusion, DreamBooth (Pro version)
See Marketing chops for implementing for Micro-SaaS tools around AI, GPT-3, Stable Diffusion, DreamBooth (Pro version)
See Cost analysis for 100 users (Pro version)
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