10+ SaaS Ideas For Your Next Billion-Dollar Startup From 2022 To 2030

Source: Medium, Eddy Goh
Photo: Mimi Thian on Unsplash

Riding on $2.4 trillion SaaS — “software as a service” boom, the future of tech businesses.

Since the pandemic began in March 2020, SaaS companies’ growth represented by the BVP Nasdaq Emerging Cloud Index consists of 57 top publicly traded cloud SaaS companies have raised more than 200%. The combined market capitalization is hovering at $2.4 Trillion at the time of writing.

What is SaaS?

SaaS is a method of software delivery that allows data to be accessed from any device with an internet connection and a web browser.

Be it a company or an individual, software as a service (SaaS) is one of the necessary tools that everyone would like to subscribe because it is:

Packed with a vast amount of features, customization, and personalization at a fraction of the cost.

A subscription model which has low upfront and maintenance costs.

Hosted in the cloud and accessible anywhere in the world. The users don’t have to worry about the security and availability of their data in the application.

Easy to use, only needs an internet connection and a browser.

If you are looking for SaaS ideas to start a new company or even creating a new SaaS product for an existing company, you are at the right place. Let’s get down to business and take a look at 10+ SaaS ideas:

1) Stock market valuation tool

More and more people are starting to realize the importance of investing to hedge against inflation since the pandemic, as all countries are printing money to help save the economy. But the common problem faced by investors is determining if the company’s current valuation is a good value to buy.

The idea is to create an investment software tool to calculate the intrinsic value of the company based on the discounted cash flow (DCF), estimated growth rate, risk-free rate, dividend, and the weighted average cost of capital formula (WACC). The company financial data should be source beforehand. The estimation fields should open for the investors to enter their preferred estimation number, as shown in the Excel sheet above highlighted in green.

2) Investor diary

Stock market traders and investors are encouraged to record their buy and sell execution so that they can review and comment on their lessons learned from those trades. It is essential to record descriptive reasoning and thoughts to capture the emotion during the trade.

With accumulated experiences recorded in this software, traders and investors can further revise and study the historical trade to improve themselves.

3) Rental property management

Managing property can be stressful, especially if you own more than five properties or are a property agent. The idea is to create an application with the ability to support owner, property agent, tenant, and property joint management body on:

Rental collection, payment reminder, and payment receipt.

Integration with online payment and e-wallet for seamless payment collection.

Maintenance and repair.

Complaint and feedback management.

Commission management.

4) Virtual AI chatbot solution

In 2021, there are 2.14 billion digital buyers out of 7.78 billion of the world population, with a 4.4 percent year-over-year increase.

All businesses will need to go online eventually. An automated chatbot and virtual assistance will significantly improve customer experience, conversion, and sales. It would be better if it has connectivity with the top social network platform like Facebook, Instagram, TikTok, WhatsApp, Telegram, and WeChat for seamless automation.

5) Team collaboration tool

Work from home is a new normal for workers around the world. Companies need team collaboration tools to keep the team in sync, seamless work delegation, project planning, and documentation.

Even though there are many collaboration tools like Jira, ClickUp, Asana, Notion, and Monday.com in the market, the demand for team collaboration tools is still increasing exponentially.

6) Team building platform

24 percent of the respondents said they have video meeting fatigue, 19 percent have challenges communicating in real-time (prefer not to communicate using email, messenger), and 17 percent feel harder to manage work relationships.

Online drawing and guessing gameplay.

Online drawing and guessing gameplay. Source: Drawize.com

According to Small Business Trends, 54% of remote workers feel disconnected from the company.

A team-building platform would significantly improve communication and relationship among the team members. The platform can include elements of multiple game activities (like the game in the screenshot above), team interaction abilities, attractive graphics, and music to keep the users socially engaged.

7) Travel itinerary planner

Although the tourism industry seems affected at this time, this sector’s explosive growth awaits at the end of the pandemic.

Planning a travel itinerary can be exhausting. We need information like distance, location, recommendations, and budget to determine which POI (point of interest) fits in the itinerary.

A travel itinerary planner integrates all the information and lets users easily drag and drop the places they want to go. It is better if the planner can auto arrange the itinerary for optimum distance and traveling cost. Additionally, sharing of personalized travel itineraries would greatly increase the network effect of the platform.

8) Email delivery solutions.

In the era of digitalization, most of the day-to-day activities like shopping, food ordering, communication, sports, banking, and meetings, etc., are performed online. Behind all these activities, email delivery is vital for transactional-related features like account registration, password reset, confirmation, commercial transactions, and marketing purposes.

I tried SendGrid, SendinBlue, and many other email solutions. Many improvements can be made, like the simplicity of setup, user interface, user experience, and pricing.

9) Password manager.

On average, every mobile user has 80 apps installed on the device. That means there are at least 80 different login credentials to be remembered. Using the same password for every site is dangerous because if one application database leaks, it will potentially breach the related accounts with the same password.

Password manager eliminates this problem by helping you to generate and remember a random password for each of the accounts. Then, you just need to secure the master account with multiple layers of security like two-factor authentication or Google Authenticator.

I am currently using LastPass free version, but I believe the features and the pricing affordability have more room to improve for long-term usage.

10) Online course and coaching service platform.

Since the pandemic, many people around the world have started to teach online and give coaching services. Managing all subscribers on a private Facebook page is fair, but it lacks branding, professionalism, and payment feature.

The idea is to create a platform that enables the coach to uploads multimedia videos, lectures, and coaching sessions. Engage the students with exams, quizzes, and certification of completion. Automated collection of subscription fees from the members so that the coach can focus on creating great content instead.

11) Virtual university campus.

More and more people realized that university is overrated because of high tuition fees, outdated syllabus, and a bachelor certificate that doesn’t guarantee a promising career or life.

Therefore, transforming to a virtual university might reduce the tuition fees drastically. Students can access the course from anywhere at any time. University also has the flexibility to update the syllabus frequently.

The idea is to create a gamification version of a university campus with an avatar for self-representation. Freedom to interact with friends in the app, attend class, conferences, presentations, events, group discussion, play games, and many more. It should be pretty similar to open-world games like GTA or Cyberpunk 2077, just that the map should be a university layout with halls, labs, and rooms. And is for educational purposes.

Wrap up

SaaS products can have an insane growth rate due to their scalability as software, but the effort and cost to build good software can be pretty challenging. You should first create a minimal viable product (MVP) and onboard some early customers to give insightful feedback for future development. Read more about Lean Startup by Eric Ries before you kickstart the journey.

https://medium.com/geekculture/10-saas-ideas-for-your-next-billion-dollar-startup-from-2022-to-2030