How To Find BRILLIANT SaaS Ideas
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- Опубліковано 25 чер 2024
- This is the story of my first SaaS product, Sigmetic.
The idea was BRILLIANT. But something didn't go as planned.
...Spoiler alert: It was an epic failure!
If I knew what I know today, it would have been easy to spot that the idea was absolutely worthless.
And that's what I'm here to share.
In this video, I will cover
🔸 The story of my first SaaS product
🔸 How to validate a great SaaS idea
🔸 3 tests you should put your idea through
Content:
0:00 How it all started
2:22 Channel welcome
3:23 The SaaS Triangle
3:43 Test 1: Dogfooding
5:38 Test 2: Is your problem worth solving?
7:58 Test 3: Can you afford your pricing?
11:46 What's next
#saas #business #startup
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Resources:
I've taken great inspiration from this amazing article:
www.intercom.com/blog/good-pr...
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I hope you enjoyed watching this video!
If you have other tests you put your SaaS idea through, I'd be eager to hear about it.
Pick this video up next and learn the most important SaaS metrics:
ua-cam.com/video/EL6U2sPQ14o/v-deo.html
Thx Simon!
Great quality content Simon! Can you please share your experience of building feedhive
I spent about 6 months on an idea one time and it failed. It was a stock photography site/app where people could upload photos from their phone. I thought it was genius.
I had no idea the amount of legal stuff it would take for licensing (and also preventing copyrighted work from being uploaded). Model releases, property releases, parental releases, and all needed to be backed up legally. I basically needed to have a team of lawyers to make it work. Then you have to compete with shutterstock and istock. Impossible. Lesson learned.
Sick video quality. This channel will blow up.
Thanks a lot, man 😍
Awesome and high quality content Simon! Hope to see more of your great videos in the future :) Keep it up
You've got me hooked on your content and also get me even more excited about my idea!
Thank you Simon!
Thanks a ton, Stephan!
I'm super happy to hear that 😁
Love your style of storytelling Simon. And I think you're doing pretty great now. Seems as if things worked…out…right? 😁
Thank you, brother 😍
And yes - things are going a bit better now. Learned the hard way, haha!
Yeah ☺️
hey Simon
your way of explaining things is awesome
I am in the same space trying to start my micro saas
but sitting on the fence to know whether it's worth it
but i really appreciate ur explanation that an existing market is better than no market at all
and we can find our own niche
Thank you for sharing your experiences and knowledge. This is wonderful. I'm binge watching your videos and every one has so much contained within it. This is turning out to be a very different Wednesday than I could have imagined.
Really appreciate it, Tony 🧡
Thank you!
I have a bit more time in the coming weeks to study, and I feel like this channel is one of the best resources on doing online business out there. I've been learning so much from each video, truly grateful Simon.
Thank you, Adrian 🧡
Can't wait to see what you're gonna do/build on the internet 😁
@@SimonHoiberg thank YOU Simon, I'm getting so many ideas going through your videos! Plan to do a deep dive of the channel this weekend since I finally have some time. I cannot underscore enough just how well crafted your videos are, much like your book on JS, it is clear that you care deeply about the quality of your communication. Keep it up man, just reflecting back to you what you are putting out. 🤩
Awesome and super informative video as always Simon :)
Looking forward to the next one!
Thank you brother 🧡
I think you will really like the next one! Stay tuned 🚀
I love how captivating, informative, and entertaining your videos are
Thanks 🤩
Subbed. Love the ideas of having some gut check questions. The idea of the triangle and needing all the pieces to stand was a good one. Really enjoyed the info and the way your presented it. Thank you!
Thank, Arthur 💪
Your videos are gold mine, loved your content
Thank you!! Glad you like them 🧡
Loved the video ❤️
Thank you Simon!
Thank you, Shreyas 🧡
Glad you liked it!
Crazy! The feeling was exactly the same I got when i launched my first startup.
You are doing great work Simon. Keep doing.
Thank you 🙌
Thanks for sharing your experience! The tests are excellent! I had a couple of ideas for micro SaaS and the tests rapidly showed what idea will have better chances to be a good business! Great content! Thanks again
That's awesome to hear! 💪
Glad you got value from it!
Inspirational Thank you!
Your content and editing is dope
Excellent video Simon!
Thank you! Glad you liked it 😁
I loved the content! Keep going 💡
Thank you 🧡
Glad you got something out of it!
Such a valuable video, well explained, by such a charismatic personality
Aw, thank you so much 🤩
I'm happy you got something out of it!
What a good information! Thank you!!!
I'm happy you got value from it 🙌
Just discovered your channel, love the content!
Amazing! Glad to have you here 🙌
I just love the comedic dramatised scenes you create. Love your effort. Support from India.
Thanks a ton 🙏
This channel will hit 1 mil in no time
Thank you! 🤩
Its a Movie Simon... I couldnt stop myself from liking the video and commenting to tell you this before even watching the complete video. I will move on to watch it now... I am sure it's a blast!⚡
Haha awesome compliment, Swapnil 🤩
Thanks man! Glad you're enjoying it 🙌
It sure was more than a blast... great efforts Simon! 🔥
Great video. And holding the Champaign bottle had me laughing.
Haha I'm happy to hear that 😁 Thanks!
Fantastic video! Thanks
Thank you, brother 💪
Really appreciate it!
I'm about to launch my own SaaS in 2 weeks from now.. there's a lot of traction from my target market.. I just need to polish onboarding and more end-to-end testing..
all this while having a full-time lead developer job 😅😅
I learned a lot from your channel and other similar channels and some startup blogs.
That's amazing to hear 🧡
Thanks for dropping a comment to let me know - it means a lot!
What an excellent system for validating SaaS ideas! Thanks for sharing it! 😊
Thank you, Robert! 🔥
Really happy this was valuable to you!
Thank you for this video Simon
You're very welcome, brother 💪
@@SimonHoiberg wrote you email :)
Whenever I see you I remember the professor from Money Heist (Álvaro Morte)!
Great Insight from the video.
Haha - you are not the first one to say that 😁
Thanks a lot 🙌
Your channel is the best one I ever see. What you think can be the main challenge by creating saas in a language other than English (Hebrew)?
Thanks a lot!
Damn, I'm not sure I can give you a decent answer for that 😬
How do you make your awesome thumbnails and promotional content? You are killing it and I would love to learn how you go about making such high-quality content!
Thank you, Brandon! Really appreciate it.
For the thumbnails I use Photoshop, and for video editing I use Premiere and After Effects.
And then I did a whole lot of tutorials on UA-cam on how to make it all 😁
My first videos/thumbnails certainly did not look like this.
It has of course taken a lot of practice.
Great 👍 quality of content 😊 I like it
Thank you! I'm super happy to hear that 😊
Good one
Top tier 👍
Thank you 💪
👏
Glad you enjoyed 🙌
well done opening story
Thanks 😁
This explains a lot. A lot about validating ideas you already have. Unfortunately, it won't be of any help coming up with something sensible in the first place.
Validating random ideas until you find one that seems to at least marginally make sense is hands down stupid.
The quality of these videos is so 🔥. Do you edit your own videos?
Thank you, Anurag 🙌 Truly appreciate it!
And yes - I edit them on my own 😊
Lots of hours spent in Adobe Premiere + After Effects (and some great tutorials on UA-cam) to pick up enough skills to edit them nicely 😁
@@SimonHoiberg that's awesome
I could of build off sigmetic for my idea. Is there a saas no-code builder I can use to make something similar?
Such a good video. We’ll done.
Thank you, Joshua 💪
Great video and storytelling style. I had similar experience :). Also in Switzerland (Geneva). Would love to meet one day
Nice! 🤩
Would be fun to meet up one day 🔥
Ngl I'm so glad your sigmetic app didn't take off because that sounds like a horrible workplace environment to be in. Still enjoy your videos though haha(:
In hindsight - I'm pretty glad about it too 😁
Det er sgu gode videoer Simon 👍.
Hvis du er i kbh området så hilser jeg gerne på.
“Competition was low” there is probably a reason for it. No one wants to be tracked, except “sales teams”, I guess.
Yeah - I'm pretty sure you're right 😅
Great Video!
Are you getting closer to your 60k/month goal?
Thank you Daniel!
Getting closer day by day - slow and steady 😁
Still pretty far though.
you got no upvotes when you released your first product, but at least this video has 4.3k upvotes! Not a complete failure :D
Is "dogfooding" always necessary? For example, what if the goal is to build a relatively simple CRM for a niche small business?
You have to start a small business, grow it for 10 years, then implement your CRM for yourself in that business to see if it works, of course. 😂
This is a GREAT video on how to validate an existing idea but the title is misleading. It’s not about how to find a great idea at all.
Based on how the video started, I was hoping you'll present more options to validate your idea (communities, tools, strategies) and not just ways to check the idea by yourself. Specially when your reddit/newsletter approaches had good feedback. Still helpful content, but not exactly what I was expecting.
Check out some of my other videos 🙌
I cover a lot of these topics there 😊
Excellent content! The story - I felt that.
The editing is problematic for me. The music and visual effects caused distraction so that I could not concentrate.
The point at 12:05 was huge, and could use 10 mins of coverage.
Thanks, Ryan! I'm glad you enjoyed the story part, at least 🙌
@@SimonHoiberg The format worked well for your SaaS tools vid. I'm thinking it was the more complex ideas here that conflicted with the tempo. I'll try it at 0.5x speed 🐌
Well, it validate SaaS ideas, but it didnt help me to know how to find ideas. I'm actually in a situation where I am looking for problems worth solving and I'm stuck
There are problems to solve everywhere 😊
Take a look at Reddit or Quora, or for that matter Twitter or Facebook.
Notice which questions and topics keeps coming up, and pay attention to how people are solving these problems today.
Finding problems to solve isn't the hard part.
Finding problems that you can build a business around solving is tremendously difficult - that's what this video tries to help you out with 😁
@@SimonHoiberg Thank you for sharing 😁 ! Do you mind sharing some subreddits or quora? These social networks is too biiiig
@@cyril6581 This totally depends on what you want to solve 😁
There are subreddits for almost anything you can imagine (even super niche things).
But again (to align with the "dogfooding" principle from the video), pick something you have in-depth knowledge about already.
Try to think through the last couple of days... I'm sure there has been tons of small things you've found annoying.
Start there - then go to Reddit and search and see if you're the only one.
Perhaps you'll find a small tribe of people with that exact problem, and various different creative ways people have tried to solve it. That's your queue ;)
why don't you create a saas software that validates saas/ai ideas for startups or vc's and use the KPI's you mentioned in this video!
how large is your development team?
I'm wondering why you didn't make your leader board SaaS geared to sales?
There are already a lot of those out there.
And I wanted to build something for developers - I just got it wrong 😜
I'm from a marketing background and I'm learning to build a product, should I just focus on what I'm good at and find someone to develop or do both by myself?
If you have someone in mind who could be your technical co-founder, go for it.
But it's really important that it's a person you know well and have good collaboration with.
If not, I'd say it's better to go for it yourself.
Check out various no-code solutions like Webflow, Zapier, Airtable. They can get you really far without having to do any coding.
linkedin link is broken
Oh! Thanks for letting me know.
I will get it fixed.
I feel pretty dumb that after the first 3 minutes I get 0 out of the video
Rarer start direct on the point and don’t waste other peoples time :)
Happily, UA-cam doesn't force its viewers to watch specific videos 😊
You are very free to churn and go watch something else 🙌
Commenting on every video you don't like does seem like a total waste of time, on the other hand.
unfortunately, there isn't an app to guess or read the minds of every future viewer to be sure that the content will be liked for all of you. that's insane. it wasn't any waste for me.
I need to host saas
What is fastest hosting worlwide with monthly plan
AWS.
That leader board idea sounds like something that would reduce software development to factory line type of work. Thank God it failed.
I agree 😅 It was a pretty bad idea...
Arnold Schwarzenegger with glasses
😂
normal
Right!
Am I right that the Author came to conclusion that making a youtube channel about SaaS is more profitable and reliable than actually making SaaS 🙂
Not at this point, no 😊
But I consider UA-cam both a significant income stream + a great acquisition channel for my products.
did anyone get Arnold vibes
Sorry 😅
I can't believe a highly functioning human being would work triple the amount than at a highpaying job for 100 days for free just because of an assumption
I know, right 😅
It's pretty stupid, yet people do this every day - that's why I think it's an important story to share 😉
@@SimonHoiberg I did that too... for multiple projects, never again, for me this video was painful, because of the memories
most entrepreneurs get the consolation prize that: "At least I learned something" but I think that's stupid, better to never try to do things like that in the first place...
Leaderboard of closed PRs?! Traitor! 😅
I know 😅
This video does not say how to find saas ideas, rather it talks about how to test if existing ideas are good ones. Therefore, title is deceitful, my time wasted, THUMBS DOWN!
@ArjanCodes ?
Hello, I have a business idea wrapping around open AI and I want to talk about it. Is there any way I can contact you ? I would really appreciate if you we could talk about it.