Have you ever wondered to make money online by having your own SAAS Business?
It may sound difficult and overwhelming at first but believe me it's far more easier to have a SAAS working for you.
Well before we dive deep into details...
Lets just first understand What is SAAS?
SAAS stands for Software as a Service. Its a simple concept of creating an online tool which people can use it over the Internet and in exchange you make money out it again and again.
When you here the words SAAS, I know Many of you would think like, need to know coding stuffs, IT related works and more overwehelming stuffs.
But believe me today I am gonna show you way where You can too have your own SAAS that too without having much technical knowhows.
Well Later on when you see your SAAS thriving, you an register yourself as a company and scale up to greater heights.
But today, lts just cover the Basics concepts. I Will try my best to make you understand in the most simple ways possible.
Lets just understand the Basic Steps to Build a SAAS.
1. Development of a Solution for a Genuine Problem.
2. Having a Rough Plan for Execution.
3. Validating Your Ideas.
4. Establishing Your Brand.
5. Financing and Funding
6. Building the Actual Product.
1. Development of a Solution for a Genuine Problem.
What value does a tool have if it does not solve a problem?
Have ever bought a Sharpener that can't sharpen a Pencil? The example may be meager but it conveys the message well. Well, even before creating a SAAS you need to be very sure about what its going to help people with.
If after creation you see that it isnt or much use then people wont be Actual buying into it. Even if they buy out of good marketing you wont retain them for long. So be prepared this world is filled up with full of competetors, you need to be the best in order to excel.
Here are some Ideas that are simple and easy and people are always in search of these kind of tools. For the starter we won't go into much fancy items.
Some simple SAAS ideas that are fairly easy to build.
2. Image Compressor.
3. Image Convertor.
5. Format Convertor.
6. Video Maker.
7. Meme Creator.
8. Logo Maker.
But You can also go for more Advanced and Developed SAAS Versions:
The list can go on, but i won't make it long as that list will have way more competition as we proceed further. These are fairly easy to crack the competition if you put effort into them.
But you also go for tools that you may have in your mind. If it can solve any problem and helps people to achieve their desires goals. They would definitely appreaciate your tools and you would succeed with it.
2. Having a Rough Plan.
Well working without a plan is like walking into the woods without a compass. You definitely need a plan to work efficiently. I am not saying to have a proper produced plan of several pages intricately definining all the details.
But a simple rough plan will do the Job. It will give you a sense of direction and help you with every step you make as you progress steadily.
Keep in mind to includes atleast these details into your rough plan.
1. Market Analysis and watch out for Competetors.
2. Having a clear indeas of the audiences that you gonna target for your tool.
3. Your way of creating your SAAS tool. Whether it would be outsourced completely or you would just start from Scratch or you would go seek for some professional guidance.
4. The way you would be marketing and how will you have the prices and features, etc.
One Small tip i would like to give you.
Do have an every day journal to keep track of your progress and look back for your past mistakes or bugs which would help you in the later stages.
3. Validating Your Ideas
Now that you have created your plan its time for Execution. But wait.. Do you yet know that the plan you have made for your SAAS is good enough and you can start right away.
Well offcourse not, don't even assume it to be. Or else after you assume and make your move, you see results that you haven't expected. That's why Validating your Execution Plan is very much neccesary.
So the Question comes to How to validate your Plan?
Well.. its pretty simple and obvious.. You need to get out and interact with your potential Clients and customers and get your queries resolved. By interecting you must be identifying qnswers to atleast these questions.
Do the people really have the problem that you are assuming to fix with your tool? Or is it just your assump… One good way is to produced a cheap version of the Actual product. Most companies even use beta versions.
The scope of using these is that you can gather real customer info and feedbacks while using less money. This way you can definitely analyse whats the pros or cons of your actual product even before producing one.
And you can just update your software accordingly to the needs and feedback data from the collected data. These are also called mininmum viable products or MVPs. Make good use of them even before the entry to the market.
4. Establishing Your Brand
There' a lot of competetion going ok outside. Everyone is trying their best to garner the Attention of people for themselves. If you really need to stay in business you have to earn their trusts and build a good will among themselves.
Let me ask you a single question: What toothpaste have you brushed your teeth today?
Most probably the one that is branded. Or were you using a local toothpaste? So, branding is a neccesity for business to flourish.
And establishing a Brand actually takes time, it isnt a thing that can be achieved overnight. You need to keep on providing good service consistently and only then you would be recognised as a Brand.
If you a looking for a long run establishing Your Brand is a must.
5. Financing and Funding for Your SAAS.
At some point of time You would be needing some finanace or Funding for your SAAS. If you are starting from Scratch and but have some technical know hows.
Most of the fundings that you be needing is for these:
2. Hosting
3. Marketing Tools
4. Campaigns
5. Technical assistance.
In case You are upto starting a company right from the start like professionals do then you may seek investors or venture capitalists for Funding.
6. Building the Actual SAAS Tool
Well.. all the Neccesities have being competed now. Al that is left to do the real thing. And tha is building the actual product. Create your SAAS, host it in the your domain, Build landing pages and other marketing stuffs and launch it.
Keep check of the stats and keep updating according to feedbacks you have received. For the time being you could actually offer your tool for free and so that it may gain traction. During this free period you may take leverage of Google Ads to help you with bit on the pocket.
Once your customers are used to the Ecosystem offer them premium versions with more functionalities. This way you won't loose your customers, instead they would be retained and be more into opting into the premium ones. Hence making your startup a Successful.
If You are Still confused where to Start? Here's a Complete Step-By-Step Tutorial that shows You the Exact steps to build Your Own SAAS from Scratch in No Time.