Here’s a beautiful opportunity to build a sustainable and scalable business online (as a coder):
💡 Creating a SaaS company that offers a value-added service wrapping OpenAI’s API.
Let’s glance over ten promising examples:
SaaS Idea 1 – Smart Content Creation Platform
A platform that leverages OpenAI API for content creation (blogs, articles, social media posts, etc.) and further provides services like content strategy, SEO optimization, audience targeting, and performance analysis.
💡 Example companies in the space: Contentyze and Frase.io offer content creation and optimization services.
🪙 Pricing Strategy (per Month): $50 – $500. Prices can vary depending on features like the amount of content created, number of supported platforms, SEO optimization capabilities, and advanced analytics.
If you want to learn how to access the OpenAI API, feel free to download our free cheat sheet here:
SaaS Idea 2 – AI-Powered Legal Assistance
A service that combines OpenAI API with legal databases to help businesses generate contracts, agreements, legal briefs, and also provides real-time legal advice.
💡 Example companies in the space: Legal tech firms like Legal Robot and LawGeex automate the process of understanding and creating legal documents.
🪙 Pricing Strategy (per Month): $200 – $1000. Given the high cost of legal services, businesses might be willing to pay a premium for a reliable and accurate AI-based service. The price will depend on the complexity and variety of documents the service can handle.
SaaS Idea 3 – Automated Marketing Campaign Creator
A platform that generates marketing campaigns (emails, social media posts, ads) using OpenAI API. Additional features could include A/B testing, analytics, campaign management, and personalization based on customer data.
💡 Example companies in the space: Persado and Phrasee use AI to automate the creation of marketing campaigns.
🪙 Pricing Strategy (per Month): $100 – $800. Pricing depends on features such as number of campaigns, A/B testing capabilities, and the level of personalization and analytics provided.
SaaS Idea 4 – AI-Powered Resume and Cover Letter Builder
A service that uses OpenAI API to write resumes and cover letters tailored to specific job descriptions. Additional features could include job matching, freelancing, interview coaching, and career advice.
💡 Example companies in the space: Resume.io and Zety help users create professional resumes and cover letters.
🪙 Pricing Strategy (per Month): $10 – $50. Given that this is a less frequent use service, prices tend to be lower. More advanced features like job matching and career advice could allow for higher price points.
SaaS Idea 5 – Healthcare Support
A service that uses OpenAI API to provide medical information, suggest possible diagnoses based on symptoms, or offer mental health support. The service could also integrate with electronic health records for a more personalized user experience.
💡 Example companies in the space: Babylon Health and Ada Health leverage AI to provide medical advice and symptom analysis.
🪙 Pricing Strategy (per Month): $50 – $200. The ability to provide real-time medical advice could command higher prices, although it is crucial that any service complies with healthcare regulations and maintains high standards of accuracy.
SaaS Idea 6 – Educational AI Tutor
A platform that uses OpenAI API to offer personalized learning assistance, answering questions and explaining concepts across a range of subjects. Extra services could include study plan creation, learning analytics, and resource recommendation.
💡 Example companies in the space: Squirrel AI provides personalized AI tutoring, while companies like Coursera and Khan Academy leverage AI for personalized learning experiences to some extent.
🪙 Pricing Strategy (per Month): $20 – $100. The price range can vary depending on the breadth and depth of subjects covered, as well as additional features like study plans, resource recommendations, and progress tracking.
SaaS Idea 7 – AI-Powered Customer Service
A SaaS platform that uses OpenAI API to automate customer service interactions across various channels (chat, email, social media). Added value services could include customer sentiment analysis, customer profiling, and predictive modeling for customer churn.
💡 Example companies in the space: Intercom and Zendesk use AI to enhance customer service experiences.
🪙 Pricing Strategy (per Month): $50 – $500. The price will depend on factors such as the volume of customer interactions handled, number of channels supported, and additional features like customer sentiment analysis.
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SaaS Idea 8 – AI-Based Business Analytics
A service that leverages OpenAI API to analyze business data and provide actionable insights. Extra services could include predictive modeling, anomaly detection, and data visualization.
💡 Example companies in the space: Palantir and ThoughtSpot leverage AI to provide business intelligence and data analytics.
🪙 Pricing Strategy (per Month): $200 – $2000. High-quality business analytics can add significant value, and prices could be higher for services offering predictive modeling, anomaly detection, and custom reports.
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SaaS Idea 9 – Language Translation and Localization
A service that uses OpenAI API to offer instant translation of text, and further offers localization services such as cultural adaptation of content, SEO in different languages, and regional marketing advice.
💡 Example companies in the space: DeepL and Google Translate provide AI-based translation services. Companies like Smartling provide localization services.
🪙 Pricing Strategy (per Month): $50 – $500. The cost can vary depending on the number of languages supported, speed of translation, and additional localization services.
You can use this great tool from OpenAI called “Whisper” to do the actual language translation.
SaaS Idea 10 – Automated Coding Assistant
A platform that uses OpenAI API to provide real-time coding help, debugging, code optimization suggestions, and even automated code generation. Additional features could include project management, code reviews, and integration with popular coding platforms.
💡 Example companies in the space: Kite and Codota offer AI-powered coding assistance, including autocompletion and bug detection.
🪙 Pricing Strategy (per Month): $20 – $200. The price can be determined by the number of languages supported, the level of code optimization, and additional features like project management or code reviews.
Large Language Models (LLMs) API + Value Add
All of these services internally call OpenAI API in a way that adds additional value to customers. Conceptually, the “value add” can be ease-of-access, better usability, stunning design, careful pre-training and fine-tuning (even using proprietary data sets).
💡 Recommended: Best 35 Helpful ChatGPT Prompts for Coders (2023)
Or all of the above. 💫
For the value-add, you could charge a markup proportional to the business value you create (e.g., $99 per month to a small niche of 1000 business customers).
I wanted to get this idea out because many Finxters are unaware of this great opportunity even though they have the skills.
If you want to build an API-based SaaS business as a Python coder, here’s a great way to implement it with Django: 👇
💡 Recommended: How I Created a REST API Using Django REST Framework
Also, you should master the basics of prompt engineering because this is what can make your SaaS app stand out in a crowded marketplace:
👨💻 Academy: Mastering Prompt Engineering
This is our Finxter flagship course, and it teaches one of the most precious skills in the age of AI. 🤖
