Issue#43: Building $1K - $10K MRR Micro SaaS products around Music, Songs & Events
Welcome to the 81 new subscribers joined this week.
Pro subscribers community launched last week and a closed beta invite sent to a few Pro subscribers. We have close to 100 people joined in the community this week. I will be sending more invites for another bunch of Pro subscribers this week.
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For Pro Subscribers:
Community launched for all Pro subscribers. It’s an invite only community for Pro subscribers.
Pro subscribers will receive emails about Micro SaaS niches, Deep-dive reports, Micro SaaS trends once every two weeks.
Experiment with other forms like periodic Zoom calls for Pro members.
Launch support for your Product Hunt launch. It’s a community and we will be excited for launches from our Pro subscribers. Post about your PH launches in the community.
Working on a few info products and you will get free access to most of these Info products. Most of these are targeted for Micro SaaS builders.
Planning to experiment new models like Monthly Builder Cohorts etc where all cohort members checkin everyday and post updates about the day in the community.
What next for you?
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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 how to do tech implementation, do market analysis, 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 products around Music, Songs & Events.
Reprtoir: A modern software for record labels and music publishers. Reprtoir is the all-in-one workspace that helps music industry companies manage and grow their business.
Muzeek: This is where the modern live music industry works. Muzeek saves artists, venues, promoters, agencies, managers, touring companies, and festivals time & money. Automated booking, contracts, payments, and tracking engagement.
SongBox: The smart way to share music privately. Made for music creators. Know who is listening, what tracks they listen to, and for how long. All with privacy & security built-in.
Exactuals: The Modern Platform for Royalties, Rights & Commission Payments. Speed up manual administration work with a cloud SaaS solution that handles rights management, royalty calculations, and payments processing at scale. Speed up your music business administration work.
Eveara: Run your own one-stop direct artist do-it-yourself artist service. Enterprise white label one-stop direct artist software as a service, inclusive of distribution, music identification, fingerprinting, analytics, marketing tools, reporting, payout, and support.
SongSpace: Start managing your songs, music catalog, lyrics, writer splits. Thousands of music businesses and creators around the world use Songspace to work more efficiently.
Synchtank: Music rights management, licensing, and administration software solutions Synchtank offers a range of cloud-based SaaS solutions for managing digital entertainment assets, rights, metadata, and royalties.
Volt: Your Spotify profile on steroids. Create unique pages for your Spotify playlists. Show everyone what songs you are listening to and share your profile pages with the world. Not yet monetized.
StationHead: The place to host your live radio show Broadcast live, earn money, take callers, and play music. Crossed 100K users and raised $13M in funding.
Lickd: The fastest-growing chart music library for social video. Raised $2M in funding.
Amuse: Release and distribute your music to all major music services, get discovered by Amuse record label, and boost your independent career. Estimated revenue is $22M/year.
SoundCharts: Actionable data for the music industry. Real-time Airplay, Playlists, Charts, and Social media monitoring. Forget about manual reporting and missed opportunities. Raised more than $3M in funding.
Guts: Guts uses blockchain technology to issue honest tickets that put an end to secondary market prices and ticket fraud. Guts digital tickets come with countless innovative benefits for fans and organizers. Raised $7M in funding.
Haawk: Specialized in YouTube, Facebook, & Instagram rights management, UGC monetization, copyright enforcement, digital music distribution, and micro sync licensing. Raised $2M in funding.
AmperMusic: Create the right sound. Define your narrative. Drive emotion with Amper AI.
SubmitHub: SubmitHub allows people to easily send music to curators. Promoting artists' music across platforms. Currently making more than $50K/month.
DropTrack: Thousands of artists and labels trust DropTrack to get their music heard by industry influencers.
Reverbnation: ReverbNation connects artists to venues, festivals, brands, publishers, labels, and the fans themselves. Estimated revenue is $50M/year.
Reveel: Music related paperwork made easy. No more hours wasted on paperwork. Reveel automates music business so musicians has more time to create.
🔒 👉 [In Pro access only] See which company has $10K MRR with working for record labels and music publishers.
🔒 👉 [In Pro access only] See which company has estimated revenue of $40K MRR by helping with event books.
🔒 👉 [In Pro access only] See who is at $1500 MRR by helping music creators to share albums privately.
🔒 👉 [In Pro access only] See who is making $10M/yr by helping with royalty, rights and commission management .
🔒 👉 [In Pro access only] See who got $60K in funding for helping artists with do-it-yourself services.
🔒 👉 [In Pro access only] See who is at $1m/yr by managing songs, music catalogs.
🔒 👉 [In Pro access only] See which company is at $5M/year with music rights management.
🔒 👉 [In Pro access only] See who crossed 100K free users in 5 months by building product around Spotify.
🔒 👉 [In Pro access only] See who is making $50K/month by helping people to easily send music to curators.
🔒 👉 [In Pro access only] See who is profitable with recurring revenue, and has 5K users with a mix of free and paid customers by connecting musicians to influencers.
Negative Nancy says - ‘Music and Songs industry is old and maybe crowded already??’
Me - SongBox, started 2 years ago, hit $1500 MRR in 2 years. Volt started 5 months ago has reached 100K free users in 5 months and started monetizing.
Negative Nancy says - ‘Anything around songs/music takes a lot of bandwidth and storage costs.’
Me - Don’t overthink. Many cloud providers are offering generous free tiers for storage, bandwidth for files and databases. In most cases, these free tiers should be more than enough to validate with a bunch of customers and then price accordingly.
Deep-dive & Some niches
Sharing music privately and analytics over who is listening to the music: Many artists compose music and send it to companies, audition agents, and wait to get a call. But they will not have any clue on if someone listened to their songs/music or how many times the track has got listened or how much portion of the songs is listened to. For musicians, this is important data for various reasons. Create a Micro SaaS solution around this where musicians can upload their songs or music and get a unique link to share. You should build analytics on top of these unique links and gather data around - when was the link clicked, where was the song listened from, how many times was the song listened, how much portion of the song was listened to.
An all-in-one tool to manage the music business: There are a lot of things that need to be done in the music industry before a song is officially published by popular players. Some of the things that businesses need help in this space are - ‘Audio processing, Managing audio files, managing video files, managing royalties, managing platform rights for music, etc’. Create a Micro SaaS solution that helps this process and handles all of this under one solution where companies can upload video, audio tracks, add tags, manage rights and release dates. For example, Reprtoir in this space is making $100K/year. As an additional feature, in fact, you can convert this into a mini CRM for music companies.
Webapps around Spotify: Spotify is an extremely popular tool with millions of songs and podcasts. Thousands of users created millions of playlists with their best collections. There are hardcore lovers of the Spotify ecosystem. Create a tool that elevates this experience for Spotify lovers. Spotify provides API access for the user data, user playlists, song/podcast info. Use these Spotify APIs to provide a rich experience around song selection, song info, playback right inside your web app, etc. Spotify API supports all of this. As per Spotify API, below are a few examples.
Audio analysis in your web app and find out the danceability, instrumentalness, or the valence of your favorite tracks. You can also get an analysis of a song's segments, bars, pitches, and more. With the Spotify developer platform, you can power up your app with advanced music metadata.
Play audio on the web with the Web Playback SDK - Add a feature-rich Spotify Connect player to your web app. Enable Spotify Premium users to stream songs and podcast episodes from Spotify, right in the browser. Build an interface that allows users to skip songs, seek within a track, or turn up the volume.
Customize and serve Spotify’s powerful recommendations to your users - With specific controls—such as market, seeds (artists, genres, tracks), ranged audio features (danceability, valence, tempo, liveness, etc), and popularity, you can generate music recommendations based on Spotify’s powerful and industry-leading algorithms
See the complete list of APIs provided by Spotify.
Micro SaaS tool for indie performers: For individual performs who go on tours to do musical activities at various places, there are a lot of things that are needed. A single view of the calendar with dates, available slots, etc is a big requirement for these busy folks. On top of that, they also need to handle, agreements, payments, etc as well after every session is booked. Create a SaaS around this where musicians can publish the schedule, receive a booking request, accept the requests, send/sign the agreements, and receive payments. The tool should be extremely simple and also should provide sharable public links where the schedules can be seen and sessions can be booked with pre-configured minimum advance amounts. As an add-on, create a small website builder for musicians where they can create a simple website with the dates, testimonials, and display prior work.
Building White-label software for Music agencies to build their brand: All music agencies have the same problems in managing individual musicians, publishing work, handling agreements, and payments. Create a white-label solution that these agencies can use as their own solution. Using the white-label solution, these agencies should be able to add their own branding, logos, email domains and should be able to get more clients. The white-label solution isn’t a new concept. Almost all industries use white-label solutions and bundling the most required things for music companies into a single offering and can add their branding will help many companies.
Spotify Playlists web app: Spotify API provides to get data around Spotify playlists. For example, Volt used Spotify API to create profile pages for Spotify users. Volt now has 100K users in 5 months with just a simple product around Spotify. See the detailed guide here on how to access the playlist, find the playlist ids, and get data from the playlist ids. Create a web app or beautiful custom web pages for Spotify users to share their lists. There are many other things possible using Spotify API, see here for the full list of APIs. Using these APIs, you can implement search, add playlist, add items to a playlist, modify playlist, get user data, etc. You can build a completely new experience around playlists and profiles for Spotify users.
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Cost Analysis for 100 customers
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