SAAS - Software As A Service

7. SAAS - Software As A Service

Want to solve people’s biggest problems with software, or become a software developer and build tools to help your clients? Well if you do, then software as a service could be the perfect home based business opportunity for you!

People would gladly pay for, subscribe to, and use software that proves to be relevant to their needs.

Here’s how you can turn SaaS into your online home business:

First, design and create a program or software product that would help your clients. You can either create a program or software product yourself, or you can outsource the build to an app developer. You can then begin to sell your product and offer subscriptions for recurring cash inflow.

If you’re the type who geeks out on software design and development, then this online business model is right up your alley. Can you think of an enormous problem people face, and come up with a software solution that solves their problem? If so, then people will gladly pay for your product.

This is especially true if they can’t find the solution anywhere else.

The SaaS Market just keeps getting BIGGER.

• 33% of companies use more SaaS applications, with 16 apps/ company
• 38% of US businesses adopted a SaaS-exclusive workplace in 2017, with a measly 17% doing the same thing in 2016
• The expected growth of the SaaS market by 2020 is $76 billion
• 80% of end users in the US prefer SaaS and cloud-hosted apps for organization and communication, with only 51% on-board in 2016

Did you know 4 BIG Tech companies, such as Microsoft, CA Technologies, SAP, and IBM, have all made the switch to SaaS product development? As you can see, software as a service is a very profitable online business.

Plus, certain software solutions are responsible for boosting the SaaS market share with collaboration applications, ERP, CRM, business intelligence, and HR management.

The development and need for SaaS are rapidly increasing and evolving. As the demand continues to soar, it’s time to get creative and come up with software to solve people’s problems.

If this sounds like your cup of tea, you can base your online business on SaaS and become privy to incredible earning potential.

According to Bessemer Venture Partners (BVP), the future of SaaS will incorporate an AI layer for better interaction between the user and the software. This layer also promotes deeper learning opportunities in business analytics.

Not really techy? Not a problem. You can outsource the software build to freelancers or software companies, then market your SaaS product to customers and clients. You can even offer your product for subscription fees on a monthly, quarterly, or annual basis. As people keep on subscribing, your cash inflow will just keep coming.

The trick in launching a SAAS fast and cheap is to follow the Lean Startup Method, and launch a Minimum Viable Funnel before you spend all the time creating the product. You never know if what you will create will sell, so test selling it before you make it with an MVF.