Start A Slack Bot Business - Business Ideas

Updated: September 15th, 2022
Start A Slack Bot Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

A Slack bot business involves creating and selling custom automated programs, or "bots," that enhance communication and productivity within the Slack messaging platform.

These bots can perform tasks like scheduling meetings, sending reminders, and providing quick access to information, all without leaving the Slack interface.

Starting a Slack bot business is a low-cost venture because it primarily requires knowledge of programming languages and access to the Slack platform, which often offers free developer accounts.

With a bit of coding expertise, you can create valuable bots that address specific needs in the workplace, making it an accessible and potentially profitable business idea.

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.

Key Stats

market size
$70B
revenue (monthly)
$245
starting costs
$16.8K
gross margin
83%
avg product price
$15
time to build
450 days
growth
Word of mouth
business model
Advertising
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

App Creation Costs

$1,099

$20,099

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$2,500

Website Costs

$13

$215

Training & Education Expenses

$0

$850

Total Startup Costs

$1,274

$33,558

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

Maruti Techlabs

marutitech.com

137,454

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

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.

    Learn more about affiliate program ➜

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

    Learn more about direct sales ➜

  • 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.

    Learn more about word of mouth ➜