This Marketplace Launched His $25K/Month Business

📝 Ilia Pirozhenko writes…

I founded Perfect Wiki — a SaaS product for creating internal company knowledge bases that works directly within Microsoft Teams…

I gradually grew to a steady income of $250,000 a year over five years… Right now, I earn around $25,000 per month [90% profit margin].

He got laid off in 2020 and tried building a translator app for the Zoom Marketplace, then the Microsoft Teams Marketplace 🛠️

That app didn’t pan out but Ilia sensed there was plenty of opportunity in the latter marketplace…

I decided to dive deeper into analyzing what other problems Microsoft Teams users were facing and what kind of service I could offer them. I was confident I’d find a niche because the traffic and activity on the marketplace were high — a ready-made customer base was just in front of me. I just needed to find a product idea that would solve a real problem.

Check out the Microsoft Teams Marketplace, look for apps with lots of low ratings, see if you can build something better 👀

Get 10 more business ideas in your inbox each week