Awesome AI-generated SaaS ideas for your new product
SaaS stands for Software as a Service, which is simply a cloud-based application accessible via a smartphone (mobile app) or web interface (web app). SaaS applications have been developed since around the beginning of the 21st century. Among top SaaS companies that we are well familiar with are Dropbox, Slack, Google Drive, and others.
Customers like SaaS because they just work. They are easy to set up, you don't have to install anything in order to use the software. There's a very little risk of data loss due to hardware failures or operational errors.
Investors like SaaS because its economics look much more attractive than selling software licenses. Revenues from SaaS companies are typically regular and easy to predict so business management is easier with them.
SaaS startups are turning into a mainstream in the software development industry. In this article, I will examine the following topics:
- Why SaaS startups are so popular today.
- SaaS platform benefits for the customer.
- Top-rated SaaS ideas for 2023.
- Ways to brainstorm your own SaaS ideas.
- Ways to validate SaaS startup ideas.
- Recommendations for building MVP for SaaS platform.
Why SaaS startups are so popular today
Pricing models on the subscription basis are increasingly adopted by the companies to satisfy their IT needs, despite limited IT budgets. That's especially relevant for small and medium businesses. Yet, established enterprises don't look down on Software as a Service either. Rather, they embrace an enterprise grade SaaS business model to meet diverse needs with agile, modern solutions.
In fact, SaaS adoption is growing across all industries as it facilitates business management significantly. Here are some stats about SaaS companies today:
- Currently, the SaaS market is growing by 18% each year.
- One or more SaaS products are used by 99% of organizations in 2022.
- Nearly 78% of small businesses already use SaaS software.
- The adoption rate of SaaS in the healthcare niche is 20% per year.
- 70% of CIOs claim that agility and scalability are two of the top motivators for using Software as a Service.
SaaS platform benefits for the customers
SaaS companies provide the following benefits to customers:
- SaaS software delivers higher strategic value versus on-premise software deployments. By utilizing a SaaS model, software deployment time is reduced from several weeks to a few minutes.
- Enterprise SaaS solutions provide users with a wide range of options to get the job done. Therefore, organizations are experiencing a higher level of employee engagement thanks to feature-rich SaaS products designed to improve user experience for their customers.
- SaaS companies are capable of pushing feature updates, bug fixes, and security updates on the fly. With on-premise deployments, these revisions once had to pass through several layers of organizational protocols and governance.
As a result of successful SaaS adoption, enterprises and software vendors have become more capable of delivering the necessary functionalities and features to the end users, resulting in increased popularity of SaaS startups compared to on-premise software development. SaaS companies are constantly working on extending their software capabilities for the end consumers.
Top-rated AI-generated SaaS ideas
ChatGPT has shaken the technological world since its launch in November 2022. With the NLP chatbot developed by OpenAI, artificial intelligence has been shown to have transformative potential. With ChatGPT, you can pass university-level exams, write keynote speeches, assist marketers, and even help programmers write and debug codes.
According to data from Ideas AI, here you can find the All-time top ideas for your new product, which was created by OpenAI's GPT-3. So, let's start.
All-time Top Ideas
- A dating app that connects people who want to buy sex with people looking to sell.
- A social network for people who love to eat. Users can browse menus, find restaurants that fit their budget, and chat with other food lovers.
- A mobile app to help smokers quit.
- A tool for people who want to build websites quickly.
- Helping people find, buy, and sell used items online.
- A way to make money by creating art.
- A company that helps you find a way to make money by doing what you’re already doing.
- The startup is building an app that connects car owners with mechanics who can fix broken cars.
- A tool that allows people to connect with experts in any field and get advice on specific questions.
- A company that sells technology to help the elderly maintain their independence.
- A company that helps people who want to start a business but need more information on the legalities of doing so.
- A B2B startup that seeks to help companies manage travel and expenses. The startup is building a booking tool for all travel types, from flight and hotel to car and rail.
- SITU is building a messaging app to help people connect with their local government. It’s meant to make the government more approachable and transparent to the public.
- A startup that helps people choose where to live based on what is happening in their life, not just on what they can afford.
- A 3D printing platform that helps business owners create 3D-printed products.
- A tool that helps entrepreneurs write the best pitches possible for angel investors.
- An AI-based chatbot that helps you with your fitness goals. The bot offers customized workouts based on your goals, goals, and history.
- Converting ads into in-game currency, which can then be used to buy items in the game.
- A machine learning tool for recommending books based on a user’s reading history.
- A “personal finance tool” for people with less than $50,000 to help them with financial management.
- A company building software for restaurants that helps them manage their menus, guest lists, and food orders.
- A startup that helps colleges and high schools provide students with career and technical education.
- A startup that helps students and other young professionals find other people their age who want to live together.
- A startup that helps people figure out the best way to buy a house (e.g., whether to buy an older home or renovate an existing one).
- A data-driven tool that helps companies build better websites by looking at the user journeys they’re taking across the internet.
- A startup that makes it easier for employees to access corporate benefits like insurance, vacation, and retirement plan.
- The startup is building a digital platform to enable farmers to monitor and manage the health of their crops.
- A startup that sells clothes designed by students of fashion schools.
- A tool to help you build an A/B test without coding anything.
- A tool for assessing the value of real estate assets like buildings, parking lots, and more.
- A platform that helps would-be consultants, who may be self-employed, find and hire an assistant.
- An engine that helps you share your location with friends and family, letting them know where they can find you and vice versa.
- Cofounded by a former Apple employee, this startup wants to make it easier for companies to use their internal data and learn from it.
- A three-dimensional printing startup, printing out plastic and metal objects and selling those physical objects. The company wants to make it so people can print out their custom-fit parts.
- A platform for restaurants to publish and manage recipes, photos, etc.
- A “personal assistant and concierge app” that allows users to call and ask questions and provide feedback (“likes” and “dislikes”) without leaving the app.
- A startup that teaches students how to code, taking the place of expensive coding boot camps.
- A company that helps companies learn about how much to pay for their employees, helping them hire and retain employees.
- A B2B company that allows companies to license the use of their materials, like logos, images, and analytics. The startup wants to make managing the process of licensing logo usage easier and is building a tool that helps those companies take control of their logos.
- A Y Combinator alum, Cityzen is building a marketplace for events that boasts a 90% conversion rate. The company is also looking to offer a web-based event-planning platform focusing on making events easy to organize.
- A system that helps restaurants learn which customers will pay for their meal based on information like previous orders and which ones will not.
- A tool that helps users make GIFs from video clips. Introduced in January, the application is meant to be a simple way to turn video clips into GIFs.
- This startup provides a platform that allows people to share experiences and collaborate on projects online.
- People like to personalize the products they use, and this startup is building a way to personalize your TV.
- Provides a credit score for students by combining data from their FAFSA and other sources to predict how they’ll perform on loans or in the job market.
- This platform is designed to make it easier for first-time landlords to find, negotiate, and manage rental properties. The startup says that it is already processing over $3 million in lease agreements with landlords in the Bay area.
- A business that helps people who are in professional roles in different markets connect over video. Its founders say their product, launched in May, already has more than 1,000 paying customers.
- The startup behind the Pizzamobile says it’s the first service that allows you to order pizza in a car without coming to a restaurant or even needing to step out of your office.
- A startup focused on protecting consumer privacy and data. It’s built on a product that monitors apps that have been downloaded by a user. The startup is based in Berlin and says it has “saved” 100,000+ users’ data.
- An analytics platform for companies to track employee reviews and feedback. The startup was founded by former Product Hunt team members.
- A tool that helps users avoid the pitfalls of mobile phone and bank payment fraud, such as phishing and online skimming. It’s a virtual wallet that can be used just like a physical wallet.
- Combining artificial intelligence, machine learning, and a human expert, Remitly wants to be the Uber or Lyft for international money transfers. The company wants to make money transfers as simple as receiving a text message and was founded in June.
- A new-generation courier service that’s focused on helping businesses keep track of the people and items they’re shipping.
- A web application that lets doctors and patients communicate via videoconferencing.
- This company aims to help small-business owners manage and launch their domain names. The startup is meeting with potential customers and building a marketing campaign.
- A company that helps people manage and coordinate their accounts with PayPal, Visa, and other payment processors.
- A tool that can help you create a booth for conferences, trade shows, product launches, and expos.
- A tool for getting your hotel room on Airbnb or other vacation rental sites.
- A way to track your usage of all the things. The startup wants to make tracking technology easier.
- The Startup Battlefield is a series of competitions that takes place twice a year where startup teams compete to win up to $100,000 in cash prizes.
- Works for companies in the retail, hospitality, and travel industries to track how customers behave and what they want from those companies.
- The startup’s goal is to provide a new framework for data analysis using machine learning and a new platform that can be used on mobile phones and desktop computers.
- A company that wants to bring the concept of a trip planner to travel with an app that helps users find and book hotels, flights, and car rentals. The company is focused on making travel easier for first-time users.
- The startup is building a tool that lets companies efficiently manage their employees’ compensation, benefits, and performance over time.
- This company is building visualization tools for storing, managing and securing large datasets.
- A platform for anonymous feedback and feedback management.
- A startup that uses machine learning to predict what people will do next. The startup, which is based in Boston, is trying to leverage “pattern recognition” to predict the next move in a given situation.
- A company that makes “a bunch of other stuff.”
- This startup is building a way to measure sleep using a headband to monitor brain activity. The company offers a sleep log to track the quality of each night’s sleep.
- A new way to measure movement, less like steps and more like running or cycling. The startup is developing a sensor that can measure movement with a three-axis accelerometer, gyroscope, and magnetometer.
- A company that’s designed to help with data transfer as you switch between different devices.
- A company that uses AI to help companies protect their brands online. The company says it has sold more than $5,000 in domain names in the past year.
- A content-sharing app that lets you manage different spaces and people and communicate with them.
- A company that makes an app for people to find and book haircuts and spas. The app is free and pays its users when a client uses it.
- A startup that wants to make it easier for consumers to buy fruits and vegetables online. It’s like Google Express of fresh produce — the startups want to get fresh produce from farm to refrigerator.
- A company that acts as a broker for small business loans that get them the cash they need. They claim to be able to offer small business owners a “safer, more efficient loan process.”
- A startup that buys and sells real estate leveraging digital to make those transactions faster and easier to execute.
- A tool to help agencies benchmark their clients’ digital campaigns.
- A crowdsourced database of data and events. The company’s founders say that the database is the “most trusted data source” in the US.
- A mobile app that helps businesses identify the best locations in which to open their next store.
- Customer support and live chat software for retailers. The startup sees itself as a competitor to other marketplaces like Zendesk, LivePerson, and Zendesk Live Chat.
- A company that helps brands use customer data to predict customer behavior and develop customer acquisition campaigns.
- A decentralized insurance company that aims to ensure everyone gets paid for a good job – even if the person who did the work doesn’t work for the company that needs to cover it.
- A platform that makes it easy for users to make small changes throughout the entire retail process, right down to the point of delivery.
- A platform that allows you to get a loan with the click of a button. The app offers loans at a lower interest rate than credit cards and loans and charges a lower fee than traditional payday lenders.
- A scaling solution for companies to handle their social media presence in the new era of real-time content.
- A toolkit for making websites that looks like they were built in the 1990s. The startup developed this software to make programmers feel more comfortable writing in C, a programming language that hasn’t been updated since the 1990s.
- A digital sales channel for small businesses. The idea is to offer businesses a way to make their sales more efficient by combining the reach of digital media with the efficiency of a sales CRM.
- A ‘blockchain for music’ provides a tool for musicians and music lovers to build social networks, share music, and get paid for their work.
- A company that helps hospitals and clinics deliver real-time performance metrics to physicians.
- A startup that helps users find and organize their contacts in a single database, a task it claims is more challenging than finding a partner to a friend on Facebook. The startup is looking to build an app that combines all of your personal contacts into a single place.
- A real estate startup that connects people with short-term rental properties. The company wants to disrupt the short-term rental market with a solution that is easy to use and has low transaction costs.
- Coupons for consumers, available on their mobile phones.
- A tool to help developers build apps with AI to help personalize content or ads.
- A startup provider for short-term rentals. The startup is taking a page out of the AirBnB playbook to provide a service for renting out unused space to travelers.
- A platform that helps people build video games and hack and create games on top of others’ games.
- This CEO and CTO are building a virtual assistant to help companies build and scale virtual assistants.
- An alarm clock that connects to Amazon Alexa.
- A startup that hopes to create a convenient and better way for patients to track and manage their health.
- Collaborative editing software that allows you to edit video and audio files simultaneously in real time.
- A startup that aims to help insurance companies manage risk. This is a similar model to the startup’s previous venture, Ava, which helps employers manage workers’ compensation claims for their employees.
- A company that takes data from the USDA, CDC, and other sources and combines it with other information, such as weather forecasts and traffic projections, provides consumers with personalized shopping recommendations.
- A global e-commerce platform for restaurants that allows restaurants to sell their food to global markets.
- A group of people who want to build a health IT startup.
- A startup that delivers a suite of solutions to make it easier for businesses to get their products to market faster.
- A free and easy way to create and manage your digital assets. The app allows for the safe storage of digital files, documents, and photographs and gives you free access to your entire digital library.
- Real Estate is a social network for real estate agents, helping them build stronger relationships and better serve their clients.
- A startup that’s building software that helps companies manage and improve their security programs, and also has products meant to help companies prioritize the security of their employees.
- A “social network for all employees.” The startup wants to bring a more human element to the remote work community through group discussions, informal chats, and shared knowledge.
- A SaaS-based platform that allows employers to create bespoke social media campaigns that can be targeted at specific segments of their audience.
- A social media marketing platform that helps drive down the costs of digital marketing.
- A startup to help freelancers find clients by connecting them to people with similar skills who might be hiring.
- The startup has built a tool that lets chefs build menus for restaurants to speed up food delivery.
- A tool for helping people build websites — a CSS-based site builder that’s easy for non-designers to use.
- A community forum for sharing and organizing advice around making and growing a business aimed at helping budding entrepreneurs and SMEs.
- A company that automatically organizes and tags family photos using AI, with hopes of becoming the next Kodak. They’re currently in the process of building their first product.
- A digital assistant for the convenience store. The company makes a point of selling products it says are not available elsewhere.
- This startup is building an AI-driven product recommendation engine that serves as an artificial intelligence layer to help users find the products they want.
- A startup that wants to help U.S. employers draft, sign, and track employee contracts.
- A health insurance startup that wants to lower the price of health insurance. The startup is planning to launch in the U.S. in 2020.
- A platform for home-based businesses that helps connect customers with local services. The platform is built for people who have a service they provide and want to sell it, but only want to do that part-time.
- A startup with a digital library of teaching materials for US schools, including lessons and quizzes. The startup is looking to improve the quality and quantity of content available, and they’re hoping that teachers and students will use the platform as a resource.
- A startup creating a new way to help patients manage the symptoms of Alzheimer’s disease.
- A social platform for students and professors to connect, share resources, and find mentors. The startup is currently developing a mobile app to integrate with existing tools.
- A way to find the best Starbucks locations and "skip the line" with a phone app.
- A tool to create and manage your custom version of Airbnb.
- A startup that assists in collecting data and research on violence against women.
- A startup to help you find the best prices for products based on personal information and location.
- A tool for identifying sales leads on Facebook.
- This tool identifies which of your friends or contacts on Twitter or Instagram have posted or commented on a specific hashtag. The idea is to use the data to influence which hashtags you follow.
- A tool used to create and manage online campaigns allows users to manage their marketing budgets, track their results, and see how their campaigns perform.
- A toolset that helps streamline processes in the hospitality industry, including hospitality agencies, hotels, and restaurants.
- A startup that bills itself as an online marketplace for sourcing, buying, and selling used medical equipment across the world.
- A chatbot that makes tipping easy. It’s also a startup that’s already built a chatbot that can talk to people in New Zealand and is looking to expand.
- A machine learning platform that helps computers detect patterns in images. It’s already being used by the National Institute of Standards and Technology.
- A startup building one of the first collaborative platforms to help people find and book in-home beauty services. It’s the second big beauty startup to launch in the past few weeks.
- An online platform for charitable donations.
- When it comes to hiring new employees, things can often get complicated. This startup wants to make it easier for companies to hire by helping them conduct background checks on candidates.
- The startup is building a software platform with a mobile app that helps people with mental illness take better care of themselves by tracking medication intake and helping them to manage time better.
- A startup that has developed software to help small firms coordinate their billable tasks and automate their invoices.
- A startup that aims to bring cheap and fast molecular DNA sequencing to the masses. The company believes that with a machine that can sequence DNA for $100, many labs won’t need to buy expensive machines any longer.
- A company that builds software for farmers to track data and sell to larger farmers via the internet. It’s the first company to use its software in the US to sell produce in California’s Central Valley.
- A hardware startup looking to build a camera to be worn on a dog’s collar, which can detect its owner’s mood and alert them if it gets too dark.
- A company that helps people build websites that make money. They offer business owners a suite of tools to make money while they sleep.
- A way for small businesses to quickly pay their employees via direct deposit and simplify payroll. So far, the startup has worked with more than 50 employers to streamline how they pay their employees.
- A company that builds systems for aircraft carriers to help with logistics and tracking.
- A tool that helps you create a personal brand that can reach a more significant portion of the world’s population than you live in.
- Given that over 40% of the world’s food is lost or wasted, the startup wants to help farmers sell the food they produce and not have to throw it away. They’re building an app that finds buyers with the best price for their produce.
- A company building a database of real estate listings that can be used to search for roommates and find roommates online.
- A health app for pregnant women to help them track symptoms, nanny their unborn child, and connect with medical services.
Ways to brainstorm your own SaaS business ideas
To generate your own SaaS startup ideas, you should follow these rules:
- Find people's problems you can solve rather than SaaS ideas. It is only relevant if the product is not about entertainment in the B2C business model.
- You should consider the demand and growth rate of your future SaaS product. It's vital that people use your service and bring you revenue for months, not just occasionally. You should ensure your main focus is not just keeping your product alive. You should focus on building a fast-growing SaaS product where the retention of existing customers is a must.
- Don't invent something entirely new. You aren't big enough to create a market from scratch for your SaaS startups. Find something in your niche that lacks valuable features, is based on outdated technology, or could simply be improved with additional services.
- Find the right keywords. Your SaaS startups can be promoted via social media and social engagement like video Ads, but if you have good keywords with volume and fair competition, then why not to use them in your SEO strategy?
Below are provided some proven methods of finding business ideas for SaaS startups.
The Job Search method
Examine job offers in a particular industry. Pay attention to job descriptions. Determine if there are some routines performed by the employees on a regular basis and if you can help them reduce the time and effort spent on that.
As a final step, check if there are related keywords with sufficient volume. It will tell you if people feel the problem and actively look for ways to optimize their tasks. If not, then your main traffic source to promote your product is going to be paid social ads, especially in the beginning.
The App Store method
Choose an app store (Apple, Google Play, Salesforce, Chrome, Shopify, etc), select the category, and sort results by ratings. You should analyze 1-star reviews of the top apps in a category. You will see that people discuss their problems there. Based on this information, you can compose a list of problems and turn them into the best SaaS startup idea.
The What-they're-using-Excel-for method
Research what people use Excel spreadsheets for. You can take advantage of public surveys to do this. Many competing approaches might be available to solve the problem, some involving employee time and paper, others involving spreadsheets, while there may be some that involve one of several competing software solutions, none of which has a dominant market share.
The Meat Grinder method
According to the Meat Grinder approach (by Tyler Tringas), you should come up with five business ideas for SaaS startups every day. This part should be basically effortless. A successful business idea is a result of running hundreds of ideas through the meat grinder of questions. There's an active effort to find holes in the idea and stress test it. Beat it up, try to find ways to discard it, and move to the next one. In brainstorming, quantity is more important than quality.
The worst thing you can do is stick to seemingly the best SaaS idea, which is fatally flawed, talk about it with your friends for decades, and never actually get to the one that you could have actually built and launched to bring a growing SaaS product to life.
Ways to validate SaaS startup ideas
There are 2 proven ways to validate your best SaaS idea before the development begins:
- Ask your potential clients about that by creating a questionnaire on Reddit, Facebook groups, or forums.
- Create a simple landing page for gathering pre-orders for your software product. You should run an Ad campaign to quickly collect about 100 pre-orders, either free or paid. Based on the conversion rate, you can determine the viability of your idea.
Recommendations for building and launching MVP SaaS Platform
MVP stands for Minimal Viable Product. It isn't necessary to develop a full-fledged product before you understand how marketing is going to work for you if you do something more extensive than a micro SaaS. There are 3 reasons for building MVP for your SaaS startups:
- You will obtain additional proof of concept for your startup ideas.
- You will get market experience with feedback from your users before scaling the MVP to a fully-functional SaaS product. It is evident that a final product with the preliminary created MVP and client feedback will differ from the one created without the MVP.
- You will be able to create a product website with blog content that will index early.
Moreover, MVP is an essential part of a lean startup business model. It is stated in this methodology that there are several repeating cycles of improvement in the IT product development process. Here is a list of primary recommendations for building MVP for your SaaS startups:
- You should focus on building the core and getting it out there as quickly as possible.
- Make it budget-friendly.
- The MVP should provide the possibility to collect potential users' opinions and what they want to see in the final product.
- Focus on your users. Nobody cares about your quota, payroll, your SaaS startups' bounce rate, etc. No one. Only the problem you solve for them matters.
To validate your MVP, there are 2 methods available:
Method 1. Create a landing page for your SaaS business and take advantage of paid traffic to generate leads for your SaaS startups. You should be aware that paid search and social traffic require completely different strategies for your marketing, including Ad content, landing page content, targeting, social media, and other aspects.
Method 2. Use the websites from this list below. They are solely focused on getting exposure for a product in its initial stages:
- Product Hunt
- Indie Hackers
- Hacker News (Show HN)
- SaaS Hub
The second method I do not consider reliable for promoting SaaS companies because you need to rely too much on the audience of those services. With paid traffic and even SEO, you have a higher level of control over your strategy. For the majority of top SaaS companies, when a product is already sustained, the main traffic source is SEO, and they make an additional boost through paid campaigns. There are also offline methods of promoting SaaS startups through personal meetings, which are especially relevant for corporate solutions.
Building top SaaS startups: Final Thoughts
SaaS business appears to be very attractive for startup companies: ease of entry, flexible pricing, and excellent accessibility are the key reasons why users choose web-based tools and services over traditional software. Though SaaS software development is brighter than ever, there are many challenges and pitfalls to overcome.
Among these problems is the increased demand for proper high-tech knowledge. To create fast-growing SaaS startups, you need a software development team that is proficient in web development and has experience building scalable cloud-based solutions. Also, it will be a benefit if your development team has a track record of building successful SaaS startups that bring revenue and also provide outstanding technical support. EcDev Studio is experienced in building high-performing SaaS products that are successful on the market and follow high standards in security, data integrity, UI/UX, speed, scalability, and other essential factors.
Frequently asked questions
Let's say you were passionate about a seemingly brilliant idea, developed it but later realised it is not bringing any revenue, it is hard to promote or users simply prefer some more popular alternatives. Possibly, you should consider other methods of promotion or target other audiences. If the problem lies in decent competition alternatives, you can still think of the features that can make your product look superior compared to them. Constant product upgrades is a common practice, even for top SaaS products.
The most common problem that many SaaS startups face is the lack of confidence at the beginning, when they just start spreading the word about their business and the results might seem too poor compared to what they expected. So it is important to make sure you do proper marketing, reach out to right people and explain clearly what the key strengths of your solution are.
Initial SaaS concept is undeniably a key to success. However, too many small details might bury your idea on the early implementation stages. For this reason, they need to be addressed in advance. In our company, when either new or existing customer comes to us with an idea, we take it very seriously. We involve a business analyst, senior software engineer and UX lead to go through the project idea in detail, evaluate all the risks, ensure there are no technical limitations. In the course of analysis, the team comes up with a number of features that can be added to your product and thus make it more competitive. Of course, you can just hire remote developers for your SaaS startup and handle all the analysis on your side, but for the best SaaS concept, you will only benefit if you also rely on the established experts, whose opinions have helped multiple business owners build fast growing startups and generate more revenue out of them.
If you decided to work on your SaaS concept from scratch, you will work closely with a UI/UX designer, business analyst, project manager. When the concept is approved, a few more team members will start working on your SaaS product. These are the software developer and QA engineer. Depending on the project size, more than one UI designer and software engineer might be needed to meet the project plan and deadlines.