Turn Platform Leverage into $1.6K MRR + 3 Startup Ideas You Can Launch Today!
This Week: Learn How to Unlock $1.6K MRR with Platform Leverage, 3 Ready-to-Build Startup Ideas, and 5 Under-$10K Listings for Instant Scaling!
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📗 Story of the Week
Today’s story of the week is from Vance Lucas, who turned his frustration with existing personal finance apps into a profitable venture by creating BudgetSheet, a Google Sheets Extension. Through strategic use of Google's built-in marketplace and a focus on solving a real problem, Vance was able to achieve a monthly recurring revenue of $1.6k.
The Leverage:
Vance smartly leveraged Google's massive user base by listing BudgetSheet on the Google Workspace Marketplace. This gave him instant access to a broad audience without the need for extensive marketing efforts. He also utilized Serverless technology to focus solely on product development, further streamlining his operations.
Key Takeaways:
Quick Validation: Test your idea's feasibility before fully committing.
Platform Utilization: Use existing platforms with large user bases for immediate reach.
Quality Over Quantity: Once validated, invest in improving the product's quality and user experience.
Action Step:
Want to replicate Vance's success? Consider building an extension or app for a platform that already has a large user base, like Google Workspace or Shopify. This allows you to tap into an existing audience and minimizes the need for separate marketing efforts. Focus on solving a real problem and validate your idea quickly. Once you've proven the concept, double down on quality and user experience to turn your side project into a profitable venture.
🛠️ Startup Ideas You Can Build Today!
Idea #1: NewsPass - A Chrome extension that works like EZ-Pass for all news paywalls.
Problem:
Managing multiple subscriptions for various news outlets is both costly and inconvenient for readers who want a diverse range of news sources. The hassle of keeping track of multiple subscriptions and payments discourages people from accessing quality journalism.
Solution:
NewsPass offers a single subscription service that grants users access to premium articles across a multitude of news platforms. With one monthly or annual fee, subscribers can read articles from any partnered news outlet without encountering paywalls. Revenue from NewsPass subscriptions is distributed to the respective news organizations based on the number of articles read, ensuring fair compensation.
TAM (Total Addressable Market):
The service targets news consumers who are looking for a simplified, cost-effective way to access multiple news sources. This includes professionals who need to stay informed across various sectors, students, researchers, and the general public who value diverse viewpoints and comprehensive news coverage.
I found this idea in the Chrome Extension Ideas newsletter.
Idea #2: CustomVoice - Voice-of-the-Customer Survey Tool
Problem:
Companies are investing heavily in customer experience but often lack a streamlined way to collect and analyze customer feedback. Traditional survey tools may not offer the depth of analytics needed to make data-driven decisions for improving customer experience.
Solution:
CustomVoice is a Voice-of-the-Customer survey tool designed to collect feedback from consumers via various forms such as ratings, "how likely" questions, and comprehensive forms. The tool provides an analytics dashboard where businesses can view the number of responses and draw actionable conclusions to serve their customers better.
TAM (Total Addressable Market):
Businesses across industries that prioritize customer experience, including retail, hospitality, and services. The tool's versatility makes it suitable for both B2C and B2B models, broadening its market reach.
Upvoty is a user feedback tool that was making $20k MRR in 2021 and $40k MRR in 2022.
Canny was making $45k MRR in 2019.
This shows that they are solving a real problem and businesses are willing to pay for their solution. You can start by studying their product, find any flaws or pain points and ensure that your solves these.
Idea #3: TaskMate - Your All-in-One AI Virtual Assistant
Problem:
The demand for virtual assistants is high, but most solutions are either human-based or limited-function AI tools. There's a gap in the market for a comprehensive AI tool that can handle a variety of tasks such as research, social media curation, and scheduling, all while offering personalized service.
Solution:
TaskMate is an AI-powered virtual assistant designed to perform multiple functions. It can manage schedules, curate social media, conduct research, and more. The software uses machine learning to adapt to individual user preferences and needs, offering a truly personalized experience.
TAM (Total Addressable Market):
Individuals, freelancers, and businesses across various sectors who require virtual assistance for daily tasks. The software's multi-functionality makes it suitable for both personal and professional use, thereby broadening its market reach.
Emma.ai is doing just that and has gained some traction in the market
Ready to turn these startup ideas into your next big venture?
If you're curious about how to validate, build, grow, and even sell a profitable side project while balancing a full-time job, don't miss out on this essential guide.
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📈 Your Weekly Dose of Growth Insights
Launching in a Competitive Arena: How Rob Achieved 15k Sign-Ups and $1,000 MRR in 3 Months! Read Here
Scaling to Success with $0: How Jas Mastered SaaS Marketing on a Zero-Dollar Budget. Read Here
Reaching 1,000 Users on a $0 Budget: Using a New Growth Strategy—Engineering as Marketing. Read Here
List YOUR Startup in our Startup directory! 🌟
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🤑 Listing I Like for Under $10k
Why Build From Scratch When You Can Buy and Then Scale?
Freemium Wordpress Plugin | 🔌 Platform Plugin Startup | 💰 $2k TTM Revenue, $1.9k TTM Profit | Ask: $6.7K View Listing
Mobile App for Teaching Kids | 📱Mobile Startup | 💰 $2k TTM Revenue, $1k TTM Profit | Ask: $6K View Listing
All-in-one Twitter Growth Platform to Grow and Monetize Audience | 🌐 MicroSaaS Startup | 💰 $2k TTM Revenue, $2k TTM Profit | Ask: $10K View Listing
ChatGPT Chrome Extension for Google Shopping | 🔌 Platform Plugin Startup | 💰 $2k TTM Revenue, $1k TTM Profit | Ask: $6K View Listing
Martech Web App for detailed Market Analysis | 🌐 MicroSaaS Startup | 💰 $3k TTM Revenue, $3k TTM Profit | Ask: $8.9K View Listing
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