In 2021, Here Are 10 Incredible SaaS Startup Ideas

Various types of businesses are migrating to the cloud these days, and the popularity of SaaS products isn't going away anytime soon. According to Gartner research, the SaaS industry will be worth $143.7 billion by 2022 due to its scalability and accessibility.

Without a doubt, the global pandemic has forced this shift, requiring companies to work remotely, which means that software as a service solution is now in high demand.

Today, we'll show you how to start a SaaS Application Development. We've put together a list of useful ideas and a small plan to assist you in launching your business as soon as possible.

Ideas for SaaS businesses

1. Automated marketing software

In the marketing industry, starting a SaaS company is a fantastic option. Marketing automation is becoming increasingly popular these days. Companies free their employees from tedious tasks such as social media management or email campaigns by automating routine tasks. This allows them to focus on more important tasks.

HubSpot, for example, is a marketing automation software that attracts nearly 25,000 customers each year. According to statistics, businesses are on the lookout for premium marketing SaaS platforms; all you have to do now is find your niche and make it work.

2. Working together as a group

With the outbreak of the pandemic, team collaboration software became a profitable niche for SaaS companies. Businesses can now use a variety of tools to improve project management and employee productivity.

For instance, Mobilize, a community management platform, provides a private space for a professional network that allows for the centralization of posts, events, file sharing, and email integration.

3. Content strategy

The most valuable asset in any marketing strategy is content. However, because content planning takes time and consideration, businesses require specific tools to help them speed up and simplify the process. Multiple solutions for content planning, creation, execution, and analysis are included in content planning software. The processes of content research, optimization, and distribution become a piece of cake when specific tools are used.

For example, CoSchedule is a platform that enables businesses to plan, organize, and track their content all in one place.

4. Video editing and creation

Building your own video creation and editing service is another great software as a service startup idea. This software will benefit both designers and video editors who are just getting started with video rendering.

It's common knowledge that video content can boost organic traffic, and many businesses use it to boost their online presence.

5. Scheduling appointments

Meetings are a necessary part of doing business. Meetings can consume nearly half of your day, if not the entire day. It's no secret that all of this commotion can cause people to miss important appointments. As a result, automated scheduling software is a fantastic SaaS business idea.

Calendly, software for scheduling team and personal appointments as well as group events, is an excellent example.

6. Software for performing health checks

One of the most cost-effective SaaS business ideas is a health check application. These tools send out reminders to users about upcoming doctor appointments. It may also include automated recommendations for patients based on their medical records.

Several HIPAA-compliant apps based on similar SaaS product ideas can be found here.

7. Software platform for telehealth

Medical specialists can consult with patients remotely through telehealthcare. People in rural and isolated communities can access high-quality healthcare services by using communication technologies such as computers and smartphones. Video conferencing and remote patient monitoring are examples of features that can be included in the instruments.

8. Accounting

Accounting software as a service (SaaS) is a popular and profitable concept. It has significant benefits for both small and large businesses. It can aid in the management of personal or business accounts, as well as tax calculations.

9. Assistive technology

Virtual assistants are no longer a novelty, and an increasing number of businesses are utilizing this technology to engage with their customers. These bots can perform a variety of tasks, including resource planning, team scheduling, and measuring employee engagement. Artificial intelligence virtual assistants have a lot of untapped potential that's still being discovered, so there's a lot of room for creating a one-of-a-kind product.

10. E-invoicing

By assisting in the generation of electronic invoices automatically, e-invoicing relieves the burden of paper invoicing, which takes a lot of time and effort. By 2025, the global e-invoicing market is expected to be worth $20.5 billion, according to statistics.

Business plan for a SaaS startup

1. Come up with a solution to a problem

First, identify a product niche and make it a solution to a specific problem.

For example, there are many social media management systems that work with four or even five social media platforms, but your task is to create an advanced platform that covers everything a manager needs to work with just one platform, such as Tick Tock.

2. Conduct market research

Conduct an industry overview, target market research, and competitor analysis to find a solution to a problem. Keep in mind that not everyone is a customer.

3. Confirm your findings.

Spend some time determining whether your SaaS idea has the potential to become a successful business before moving forward. You can validate your idea by having face-to-face, phone, or email conversations with potential customers. Try to figure out if they're just curious or if they're serious about buying your product right now.

4. Pick a pricing strategy.

What pricing strategies are appropriate for SaaS startups?

With built-in advertisements, it's completely free.

Free attracts new customers every time. You can quickly generate revenue by monetizing your app with built-in commercials. However, excessive use of built-in ads is considered to be detrimental to the user experience.

Pricing that is set at a fixed rate

You charge a monthly or annual fee for a single tool package. A free trial period can also be included.

5. Create a brand for your SaaS business and a marketing strategy.

Building a brand is important because people nowadays buy more than just a product; they also buy status and a feeling. They will become your customers for life if using your product makes them feel good about themselves.

6. Obtain the necessary funding

A startup's ability to raise funds is critical. If your business idea is truly profitable, you may be able to attract angel investors.

7. Choose a development team and a strategy.

Outsourcing is one of the most effective ways for a startup to develop its software. Contacting an experienced offshore vendor is a fantastic way to develop a high-quality product in a short amount of time at a reasonable cost.

8. Create a minimum viable product (MVP).

A minimum viable product, or MVP, is a solution that has just enough features to entice early adopters and validate a product concept. Creating an MVP can help you get user feedback as quickly as possible so you can improve your product.

Let's get started!

Knowing the theory isn't the same as being able to put it into practice. So, take the first step toward building a successful SaaS company!

Please do not hesitate to contact inertia if you require assistance with SaaS platform development.

Our experts can assist you with product discovery, which includes the first steps in the creation of a SaaS startup, as well as MVP and product development as you progress through your journey.