Issue#86: Building $1K-$10K MRR Micro SaaS products around LMS, E-Learning & Audience Engagement
Welcome to the 135 new subscribers who joined this week.
Today our Micro SaaS HQ ecosystem is one of the biggest ecosystem exclusively meant for Micro SaaS builders/founders.Some announcements:
👉 Starting this week, you can sponsor this newsletter now and reach 23,000 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
We are excited to share the latest Micro SaaS news and Micro SaaS Ideas to help you on your journey as a SaaS founder. Let's explore what's new this week!
👉 Get your Pro subscription today - Get access to hundreds of Micro SaaS Ideas, updates on Micro SaaS trends, and access to a closed community of founders, builders and makers.
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 Micro SaaS HQ Pro member Marving launched Dataaxy, a job board and reverse job board specialized in Data and AI Talents.
webtoapp.design, a tool to turn websites into Android and iOS hits $4K MRR.
Snappify by Dominik Sumer hits $1,402 MRR and 9,681 registered users. See his earlier interview on FounderBeats.
Bahauddin, founder of promotee.co, a micro-saas for Reddit marketing reaches almost $600MRR and 300 signups in 3 months.
Andrei shares how Edme, an online classroom for language teachers, became from an almost-dead project to a profitable one, generating $200 MRR in a single day.
Pageport, a tool to create personalized video-based landing pages for one person, reaches $1500 MRR.
Yaro bootstrapped InboxDone, an agency for email management as a service for entrepreneurs And professionals, to a 7-figure business.
Scrollsequence, a wordpress plugin that turns any video into immersive web experience hits $10000 in sales.
Cool classifieds:
Checkout SeamlessGPT here - GPT automation for Windows systems for $10 Life Time Access
Checkout Zero To Founder - A Book To Help You Build, Launch & Grow Profitable Products This book is for anyone who wants to dive deep and understand the ecosystem around Micro SaaS and Micro Opportunities (Non Micro SaaS Opportunities) and build profitable products.
👉 Starting this week, you can sponsor this newsletter now and reach 23,000 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/Micro SaaS.
Want to sponsor this newsletter? 👉 👉 Check here
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.
Let’s see some of the players around LMS systems (Learning Management Systems), E-Learning Tools & Audience Engagement.
⛳ ⛳ Current players
Mindgrasp - Mindgrasp instantly creates accurate notes and answers questions from any Document, PDF, YouTube Video, Zoom Meeting, Webinar Recording, Podcast and more. It summarizes course material into key points to help users learn faster and understand more.
WP Courseware - WordPress LMS plugin that makes course creation simple and fast with an intuitive, drag-and-drop course builder.
CSSBattle - CSS code-golfing game where users replicate images visually with CSS in the least number of characters to climb the leaderboards. There are battles that happen regularly where different targets get unlocked. Apart from the code-golfing aspect, it is used for practicing and improving CSS by developers.
Academy Of Mine - A customizable eLearning platform built for organizations. Built for professional training, certifications and continuing education. Train internal & external teams online and report on their progress in an all-in-one LMS platform.
Mindsmith - Transform teaching and training with AI-powered microlearning. Mindsmith is a learning platform that uses generative AI to make it easy to create and share course material and training. Used by 1000 organizations across the globe.
Claned - Complete online learning platform where users can create effective online courses for any purpose, from corporate training to university classes. Raised $7.2M in funding.
GoReact - Video-Based Skill Assessment. Whether assessing skills in a course, providing feedback to a student or mentee, or collaborating on a group reflection activity, GoReact will help ensure users make the most out of any learning opportunity. Received $10M in funding and hit $4.4M in revenue in 2022
Eduflow - Makes online learning engaging. An easier, more powerful platform to manage social learning at scale.
Testinvite - An Online Exam Software where users can create exams, send e-mail invitations, and conduct webcam proctored online exams in a secure and monitored platform. Estimated revenue is $4.6 M
Gnowbe - Create interactive, group-based, microlearning experiences in minutes. Gnowbe’s estimated annual revenue is currently $6.3M per year.
Edpuzzle - Empower students to take an active role in their learning with interactive video lessons that spark creativity and curiosity. Received $3M in funding
wordbook.pro - YouTube E-Learning Tool. Get Captions, Define Unknown Words, Add Them to a Dictionary
Nearpod - Real-time insights into student understanding through interactive lessons, interactive videos, gamification, and activities — all in a single platform. Estimated revenue is $26.3M
Docebo - A single suite for all enterprise learning needs. Covers the entire enterprise learning lifecycle, from content creation and management to program delivery to measuring learning’s impact on business—all with a single suite.
MasterStudy LMS - A learning management system (LMS) that helps users build and sell courses on WordPress sites. Create engaging courses with lessons, quizzes and assignments. Uses built-in certificate builder to send certificates. Also users can build a mobile app for your course using Flutter. Got 10000+ active installations.
TeachFloor: Cohort-based courses platform. Create and sell online live courses under customer’s own brand. Customers can run live classes on Zoom, collect online payments, and manage students.
UpCoach: The professional coaching platform to help deliver transformational results for cohorts. With the click of one button, users can clone an entire, one-on-one program, a group coaching program for a new cohort, or set up a new mastermind in seconds.
SuperPeer: Host cohort-based courses, live events, or 1:1 sessions. Superpeer is an all-in-one video platform that gives the tools customers need to engage with their audience through video and connect more authentically. Raised $8M in funding in 2020. The estimated revenue is $4.5 M per year.
Shadowing: Connect with employees and mentors in any company. Helps expand users’s network. Join cohorts. Ask questions and share knowledge.
Virtually: The easiest way to manage Zoom events for cohort-based course Moving the classroom online was revolutionary - but it created a logistical nightmare. Virtually solves the problem by putting program's calendar on autopilot. Raised $2M in funding.
Maven: Where top creators teach cohort-based courses. Cohort-based courses are the perfect combination of high scalability with a premium price. Cohort-based courses are the next opportunity for thought-leaders to emerge and build a personal brand in education. Raised $20 million in funding.
Slip: Build a programming course and earn money. Slip is the easiest way to create and sell interactive programming courses directly to your audience. Raised funding and was part of the YC W21 batch.
🔒 👉 [In Pro] See which wordpress plugin has crossed $23K MRR.
🔒 👉 [In Pro] See elearning platform’s estimated annual revenue is $660k
🔒 👉 [In Pro] See who reached $1500 MRR with a learning tool for developers
🔒 👉 [In Pro] See which cohort based platform’s estimated revenue is $155K per year.
🙅♀️🙅 Pessimists
Negative Nancy says - “WordPress plugins don’t generate a lot of revenue”
Me - This LMS WordPress plugin is making $23K every month.
Negative Nancy says - “I want to build something around AI. Not sure if this niche has any AI pattern”
Me - Mindsmith uses generative AI to make it easy to create and share course material and training. Profitable and used by 1000 organizations across the globe.
💡💡 Deep-dive & Some niches
Tools to create Programming courses: Create a Micro-SaaS product that helps programmers create programming courses. See Slip for inspiration. The tool should provide a platform where ‘programming course’ creators can add text in a rich-text editor and also show editable code blocks with examples. Make sure that you support editable code blocks so that the course takers should be able to edit with the code and play around right inside your course. To achieve this part where you provide an editable code block that can take the code, execute and give the output - you should integrate this with online compilers. For example, if the content is created for a Python learning course, your code block should run on an online compiler engine that can take this code, execute it on Python and send back the result to display on the webpage. To achieve this kind of functionality you should be using tools like JDoodle or Sphere-Engine. Tools like this support 20+ programming languages so your users can create courses for 20+ programming languages by using these tools.
Online Assessment Tools: Create a Micro SaaS product that helps people to create exams/tests and allow other people to pay for the exams and take those exams. It has the potential as can be used by a wide variety of people and organizations. A product like this can be used by schools, universities, and other educational institutions. These organizations often need to create exams and tests for their students, and this product would make it much easier for them to do so. It would also allow them to generate reports and insights from the exams taken by their students, which would be invaluable for tracking student progress and performance. Also, this product can be used by businesses and other organizations. Companies often need to create tests and exams for their employees, and this product would make it much easier for them to do so. It would also allow them to generate reports and insights from the exams taken by their employees, which would be invaluable for tracking employee performance and progress. For inspiration, see Testinvite, an Online Exam Software where users can create their own exams, send e-mail invitations, and conduct webcam-proctored online exams in a secure and monitored platform. Testinvite has an estimated revenue is $4.6M.
Video/PDF/Word Content to Notes/Summary/Questions Generator: Create a Micro SaaS product that can simply take video content or a PDF file content or a Word document and can generate notes/summary and questions automatically from that content. This will greatly help people who consume a lot of content from videos/PDFs/Word docs and want a faster and better way to improve their learning. This product would be incredibly useful for students, professionals, and anyone who consumes a lot of content from videos, PDFs, and Word documents. It would save them time and energy by automatically generating notes and questions from the content, allowing them to quickly review and understand the material. It would also help them to better retain the information, as they would be able to quickly review the notes and questions generated from the content. For example, see Mindgrasp which summarizes course material into key points to help people learn faster and understand more.
WordPress LMS Plugins: Creating a WordPress plugin or external LMS (Learning Management System) that converts an existing WordPress site into an e-learning platform has the potential to be a good Micro SaaS product. This type of solution offers a quick and easy way for individuals or businesses to transform their existing websites into online education platforms. There are multiple ways to accomplish this, including creating the necessary tables and assets directly on the website's hosting or offering a cloud-based solution. For example, LearnDash, a popular LMS WordPress plugin, generates an estimated revenue of $2 million per year. WP Courseware, another well-known LMS WordPress plugin, has surpassed $23,000 in Monthly Recurring Revenue (MRR), while MasterStudy LMS has over 10,000 active installations. The growing demand for online education and the accessibility and scalability of the WordPress platform makes this a good Micro SaaS opportunity.
🔒 👉 [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 Version
See all profitable players in this Micro SaaS niche (Pro version)
See another 100% ideas for Micro-SaaS tools around LMS, E-Learning & Audience Engagement(Pro version)
See Technical chops for implementing for Micro-SaaS tools around LMS, E-Learning & Audience Engagement (Pro version)
See Marketing chops for implementing for Micro-SaaS tools around LMS, E-Learning & Audience Engagement (Pro version)
See Cost analysis for 100 users (Pro version)
Also get 90+ SaaS niches Pro versions covering 1000+ ideas from Pro news letters
👉 The report you're reading now was available to Pro subscribers 8 weeks ago. By upgrading to Pro, you'll gain early access to every edition, staying ahead of free subscribers. Get your Pro subscription today.