Business Idea

Start A Slack Bot Business

About

Starting a slack bot business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell slack bot, or selling slack bot online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a slack bot business ➜

Key stats

market size
$70B
revenue (monthly)
$245
starting costs
$18.5K
gross margin
83%
avg product price
$15
time to build
15 months
growth
Word of mouth
business model
Advertising
time investment
Side project

About

Starting a slack bot business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell slack bot, or selling slack bot online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a slack bot business ➜

Key stats

market size
$70B
revenue (monthly)
$245
starting costs
$18.5K
gross margin
83%
avg product price
$15

 

time to build
15 months
growth
Word of mouth
business model
Advertising
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $10 $2,250
Equipment & Supply Expenses $500 $5,000
App Creation Costs $1,099 $20,099
Software Expenses $162 $2,894
Advertising & Marketing Costs $0 $2,500
Website Costs $17 $275
Other Expenses $0 $300
Training & Education Expenses $0 $850
Total Startup Costs $1,788 $34,168

Successful Businesses

Business URL Rank
Slack slack.com #176
Bot Store botstore.automationanywhere.com #30,435
Slackmojis slackmojis.com #61,290
Asynchronous stand-up meetings in Slack geekbot.com #133,567
Amplemarket amplemarket.com #151,346
Teamline teamline.app #163,810
Lords Bot lords-bot.com #189,214
Mattermost mattermost.org #209,728
The best chatbots and tools for Facebook Messenger, Amazon, Discord, Telegram, Twitter, WeChat, LINE, Slack, Skype and more botlist.co #224,564
Slack slack.dev #249,745
discover.bot discover.bot #271,429

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Rewarding work Starting a slack bot business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A slack bot business gives people a reason to visit your website and to keep coming back to you!
No overhead costs To get your slack bot business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Cons Description
Crowded Space Competition is high when it comes to your slack bot business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A slack bot business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Isolation Often times, as a slack bot business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a slack bot business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct sales

    You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.

    Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.