Developing Micro SaaS products generating $1K - $10K MRR focused on Billing, Subscriptions
Utilizing the modern subscription billing APIs and frameworks will help to start developing your micro SaaS quickly.
Numerous firms are targeting the $1K-$10K MRR segment by creating micro SaaS products for billing, subscriptions, and revenues. They can be used to facilitate collection of money from customers, monitor ever green revenues, and deal with subscriptions.
Some Key Opportunities in This Space Include
Subscription Billing Platforms: Design a convenient web-based subscription billing solution for business firms. Such features can be payment subscriptions, automatic payment reminders, and compatibility with the most used payment processors.
Revenue Recognition Software: Simplify the tedious and time-consuming task of revenue recognition to companies that apply the accounting standards – ASC 606 or IFRS 15. It can also consequesce to multi element arrangements, market value divisions and,valuation reports.
Subscription Analytics: Be able to offer greater specificity in calculating subscription business performance. Acknowledge metrics such as MRR, churn, LTV, and all the other proper SaaS metrics. It can offer a competitive node for benchmarking by comparing the organization with the standards practiced in the industry.
Subscription Landing Pages: Propose a service that generates great pages with high conversion rates when it comes to subscription sign up. Some of the features that should be offered are A/B testing, coupon codes, and integration with the billing services.
Subscription Quoting Tools: Develop a system that can help subscription business optimise their quote to cash journeys. Create professional quotes, approve them, and share data with the billing systems.
As per the XtraSaaS statistics the only way to go is to be very selective and have clear and concentrated vision of the focused segment of the Subscription Economy. Find a problem that people face often and create a solution that would fit into the problem like a glove. Utilizing the modern subscription billing APIs and frameworks will help to start developing your micro SaaS quickly.
It is quite feasible to create a profitable micro SaaS business that earns between $1000 and $10000 in MRR in the billing and subscription management niche. There is a lot of opportunity here and the growth trajectory of the business is upward because subscription is becoming popular with the business world.
References:
https://www.linkedin.com/pulse/building-1k-10k-mrr-micro-saas-products-around-gmail-upen-v/