Text to Speech SaaS

Listing Details

A 2 years old Profitabele SaaS Business with $ average monthly revenue of £400.

The software allows customers to turn any text into lifelike speech, allowing paid customers to create various media content such as audiobooks, podcasts, voice content and applications that talk and build entirely new categories of speech-enabled products.  

Key Highlights

Turn-key SaaS web platform

Total of 360 registered users

Low operating cost

Easy to maintain and extend the functionality

Text-to-Speech Technology

The Text-to-Speech (TTS) service uses advanced deep learning technologies of leading cloud service providers such as Amazon Web Services, Microsoft Azure, Google Cloud Platform and IBM Cloud to synthesize natural-sounding human speech. It has over 838 different lifelike voices and more than 145 languages & dialects that are used to build speech-enabled applications.

Most of the software's Neural TTS technology supports unique speaking styles that better match the speaker's delivery style to the application.

Enjoy convenient usage of SSML tags to add various voice effects, such as adjusting pitch, volume, speed, emphasis, and word or phrase beep outs, to name a few. The complete list can be found on the demo upon selecting respective voices.

Features

Standard & Neural Voices

Choose from a set of 909+ voices across 148+ languages and dialects, including Mandarin, Hindi, Spanish, Arabic, Russian, and more. Pick the voice that works best for your user and application.

Multiple Voice Effects

Customize your speech with SSML tags that allow you to add voice effects such as newscaster and conversational styles, pauses, numbers, date and time formatting, mute words and phrases, and other pronunciation instructions.

Various Payment Options

The platform supports flexible payment options, users can use Stripe, Paypal, Paystack, Braintree or Coinbase and also subscribe to our monthly plans to have available credits all the time, plus they can always top up with additional credits if needed.

Powerful Sound Studio that allows the mixing of up to 20 multiple voices.

Business and Income Model

The platform gateway payment is integrated with Stripe, Paypal, Paystack, Braintree and Coinbase and configured with monthly subscription plans and prepaid plans. All plans are metered based on characters/word counts and other features.

There are four plans for a monthly subscription

Professional  $32.99/mth

Standard  $17.99/mth

Basic  $6.99/mth

Trial $0.01/mth

The prepaid plan is based on pay-as-you-go, which may also be used to top up an existing subscription.

Customers

Paid customers have full access to all the features of the platform, while registered users(unpaid users) have limited access to the functionalities and features of the platform. . The platform has a total of registered users 360 and 12% of this total are paid customers monthly. The propensity for growth is high for the future.

Marketing

The business generates leads and users mainly through paid display advertising on social media (Facebook and Instagram) and organic search (SEO). Occasionally, I deployed email marketing to support marketing efforts to convert sign-up customers to paid users, which has yielded positive results.  The business is also listed in the following sites, which help to generate traffic and leads as well

https://pollyspeech.com/article/,    

https://info.gartnerdigitalmarkets.com/pollyspeech-gdm-lp,  

https://pitchground.com/products/pollyspeech/,  

https://www.softwareadvice.com/audio-editing/pollyspeech-profile/,

https://www.getapp.za.com/software/2052259/pollyspeech,

https://www.getapp.co.uk/software/2052259/pollyspeech,  

https://www.capterra.com/p/237190/PollySpeech/,  

https://www.saasworthy.com/product/pollyspeech,  

https://www.grabltd.com/products/polly-speech/,  

https://ltdhunt.com/polly-speech/,  

https://www.producthunt.com/products/polly-text-to-speech

Financials & Cost

The cost of operation is very low and mainly spent on marketing, web hosting and to cloud service providers.  We believe a lot of opportunity exists to generate a significant amount of subscription revenue and offer value add services to customers like custom list building, data enrichment and campaign management services.  

The last 12 months' revenue was $3,714, and a net profit of $3,200. The average monthly spent on cloud service providers (Google cloud, Azure) is $4.00, Hosting $15.00, and Marketing $50. The business is also enjoying free AWS cloud service of $3000 from Amazon Cloud Service. I might explore if this may be passed to the new owner or if we request a new grant from Amazon or a request from AWS for similar benefits.

Operations and Hosting Technology

The hosting technology deployed on the web platform is a shared hosting server.  The new buyer only requires about 5-6 hours per week to manage the platform and marketing.

How can the buyer take this project further?

Have a roadmap to include human video with speech as additional offerings