MoneyIdeas
Cloud

Build a SaaS Product

Create a software-as-a-service product solving a specific problem for recurring revenue.

techAdvanced$500 - $100,000/mo

Overview

Building a SaaS (Software as a Service) product is one of the most scalable business models online. By creating software that solves a specific problem, you can earn recurring subscription revenue from customers worldwide.

How to Get Started

  1. 1Identify a problem worth solving by talking to potential users
  2. 2Build a Minimum Viable Product (MVP) quickly
  3. 3Launch on Product Hunt and Hacker News for initial users
  4. 4Implement a freemium or trial model to attract customers
  5. 5Focus on customer feedback and iterate rapidly

Pros

  • Highly scalable
  • Recurring revenue
  • Build a valuable asset
  • Solve real problems

Cons

  • Requires technical skills or co-founder
  • Long development timeline
  • Customer support needed
  • Ongoing maintenance

Recommended Tools & Platforms

Next.jsVercelStripePostgreSQLResend

Pro Tip

Start with a micro-SaaS solving a very specific problem for a niche audience. Smaller products can be built and launched by a single person and still generate $5-50K/month.

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