We’ve Done the Research for You and Collected the 8 Best SaaS Ideas
The Software as a Service (SaaS) industry has been booming in recent years, offering entrepreneurs a lucrative opportunity to build and scale their businesses.
With the increasing demand for cloud-based solutions and the ease of access to online resources, starting a SaaS company has never been more feasible.
One of the key advantages of building a SaaS offering is the recurring revenue model. Unlike traditional software licensing models, SaaS businesses generate ongoing revenue through subscription-based pricing, ensuring a steady stream of income as long as customers continue to use the service.
In this article, we'll explore 8 SaaS ideas that you can bring to life today, leveraging Five, a rapid development environment, which allows you to build applications faster than ever.
Order Management System
Building an order management system can address a wide range of challenges faced by businesses across various industries, making it a great SaaS idea.
An order management system means businesses can stop relying on manual methods like tracking orders in Excel spreadsheets. By selling an order management SaaS you allow businesses to capture sales and purchase orders across multiple channels, create packages and shipments, send delivery updates, and ensure great customer service.
An order management system SaaS idea could be marketed and sold to a wide range of businesses across various industries. Here are some potential target customers:
- E-commerce businesses (online retailers wanting to move from Excel to web app)
- Wholesale and distribution companies (managing orders from retailers/resellers)
- Manufacturing companies
- Restaurants and food businesses (application to manage reservations)
To build your order management SaaS download our FREE template to help you get started.
Build Your Order Management System
Property Management System
A property management system is one of the best SaaS ideas to scale rapidly and easily.
By using Five's property management template you can provide a single platform for managing properties, tracking leases, collecting rent, and handling maintenance requests.
You can also make PDF reports alongside chart analytics which can provide insights into property performance, occupancy rates, and revenue streams.
A property management system SaaS idea could be marketed and sold to a wide range of potential customers across the real estate industry. Here are some of the key target audiences:
- Airbnb Hosts and Rental Managers (ones with a large property portfolio)
- Residential Property Management Companies (companies that manage apartments, and multi-family housing communities/ student housing and off-campus housing operators)
- Commercial Property Management Firms (managers of office buildings, retail spaces, and commercial complexes/ property management companies for industrial properties and warehouses)
Build Your Property Management Software
Data Analysis Tool
A data analysis tool is designed to help businesses analyse and explore insights from various types of data.
Data analysis tools can help businesses uncover trends, patterns, and relationships within their data that may not have been previously apparent.
This is one of our favourite SaaS ideas primarily due to its applicability to a range of industries:
- Financial Services and Banking (financial analysts, investment firms, and banks for portfolio analysis, risk assessment, and financial modeling)
- Healthcare and Pharmaceutical Industries (healthcare providers and hospitals for analyzing patient data, clinical trials, and research studies.)
- Academic Institutions (schools would find it useful for analysing student results)
- Retail and E-commerce (retail companies for analyzing customer behavior, sales trends, and inventory management)
- Pharmaceutical companies (drug development, testing, and analysis)
Human Resource Information System
A Human Resource Information System (HRIS) is a software application used by organisations to manage various human resource (HR) processes and data.
An HRIS manages attendance, leaves and time off. It also tracks payroll, calculates salaries, wages and deductions as well as maintaining employee records (personal details, job history).
An HRIS SaaS is also applicable to a wide range of industries and organisations:
- Large Corporations and Enterprises (companies with a sizeable workforce across multiple locations)
- Small and Medium-sized Businesses (SMBs) (growing businesses looking to streamline HR operations)
- Professional Services Firms (law firms and legal practices or consulting companies and accounting firms)
Learning Management System
A learning management system (LMS) is another great SaaS idea. Online learning has surged in popularity recently with businesses and educational institutions embracing online platforms for corporate training, academic teaching, and professional development.
A learning management system (LMS) SaaS idea could be marketed and sold to a wide range of potential customers across various sectors. Here are some of the key target audiences:
- Corporate Organisations (niche down into employee training)
- Healthcare Organisations (medical device product training)
- Education Institutions (although many would already have an LMS system)
- Skill Development and Certification Bodies (professional certification providers or skill development organisations)
- Course Creators (influencers/coaches/consultants)
Build Your Learning Management System
Project Management Tool
A Project Management Tool is a single platform for creating project plans, assigning tasks, setting deadlines, and tracking progress in real-time.
According to a recent report by MarketsandMarkets, the global project management software market was worth approximately $4.8 billion in 2023, and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2028.
A project management SaaS could be marketed and sold to these potential target customers:
- Professional services firms (consulting companies, marketing and advertising agencies, law firms)
- IT and software development companies (software product companies, web development agencies)
- Construction and engineering firms (construction companies, architecture firms, civil engineering consultancies)
To build your project management SaaS, download our FREE template to help you get started.
Build Your Project Management Tool
Sales Tracker
A sales tracker tool is designed to help businesses and sales team monitor and analyze their sales activities and performance.
This tools allows teams to track various aspects of the sales process, from lead generation to deal closure and revenue recognition. The Five sales tracker template allows you to generate reports and visualizations on sales performance, pipeline health, conversion rates, and other key metrics.
- Sales Teams and Sales Managers (companies with dedicated sales teams, whether in-house or field-based)
- Retail and E-commerce Companies (brick-and-mortar retailers with sales associates or account managers)
- Software and Technology Companies (technology companies selling hardware, software, or services)
- Franchises and Multi-location Businesses (franchisors and franchisees tracking sales performance across multiple locations)
Medical Admission System
A patient admission system is a software program used by hospitals and clinics to manage the process of admitting patients for treatment.
It typically captures demographic information, insurance details, and medical history. As well as patient tracking and appointment scheduling. The Five template is also capable of electronically storing and managing admission paperwork.
This SaaS idea can be marketed to:
- Hospitals (Both large and small hospitals can benefit from an improved admissions process)
- Clinics (Both large and small clinics can benefit from an improved admissions process)
Build Your Medical Admission System
Conclusion: 8 SaaS Ideas
Hopefully you took some inspiration from these SaaS ideas.
If at any stage you feel lost, don't be afraid to ask your question in our community and someone will get back to you as soon as possible.
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