I've been building SaaS since 2006. We've built out 12 platforms. 3 of them made it to 7 figures. It's HARD building a tool that is being sold to an individual end user. Don't do that! Unless you know what your perfect customer avatar is and know where to find those people. Instead...focus on small businesses or an audience that's dead simple to find through paid advertising, SEO, affiliates, etc..Start by finding a white label software so you're not heavily invested. Learn the business and then build something on your own once you have the expertise.
My first startup failed (App).I found a new company for SaaS 9 Month ago. Software ready to sell but little "process" failes inside so that people confused to use it. But I actually found the SaaS company with a "costumer". He had a problem and want to solve it because no solution exist. So we found and build it but it's really fucking hard and I have to change now a lot so that we actually getting paid users. And 3 more competitors started the same at the same time as we did and they are making already revenue now. Our Product is better but our marketing is not. But will change soon ;) So I would say it takes 1 - 2 years to build a SaaS company without knowing if it works but the chance of winning increase with every project because of experience. Competition is good so you know your idea is working... unless you start a smartphone company because the market is already full
@@nikalags This is great one .. I myslef and my team (other 3, developer,system auditor, embeded engineer) are finding it hard to pick on the project to work on as part of our product because our current company offers IT services and fully registered but we are having that challenge whats your advise for this..
100% agree. The most important thing mentioned is do something that exists but better, cheaper, easier to use, etc… And forget about moonshot projects.
00:00 Learn how to start a software company from scratch 01:50 Starting a software company has high margins, more control, and recurring revenue. 03:40 Starting a software company is becoming less costly with no-code tools and easier access to coding education. 05:22 Start with something existing and do it slightly better 07:10 Validate your idea with a landing page 00:27 Focus on building a working product before worrying about scaling. 10:26 Focus on customer needs, not tech stack or pricing 12:01 Best way to get early customers is to find where similar softwares are getting their customers. Crafted by Merlin AI
What you're saying about scaling is true. When you're starting out, just make it work. I have an app that's got around 4 million downloads and I've had to refactor the backend code 3 times. It's much more important to prove the idea works first.
I recommend python/Django, comes with own admin panel and you won't even need CSS and JavaScript for the start, after that you may hire designers/UI DEVS to make a separate front-end.
Sometimes we try to look for th things which we harshly need but they do not appear in front fo you. But you randomly scrolling to entertain yourself you got what you needed for today it happened to me This is the video I was looking for. Amazing video Brooo
Love this kind of content as a guy with ADHD this kind of content help me to think about my past business ideas and new ones, set strategies and paths to ship them and make them sell enough to be worthy the time. It's easier when I'm hearing another guy spitting ideas and concepts out.
Did you get any medical treatment? I found that my Ritalin works better than all of the best techniques out there combined when it comes to focus. I try to only stay in the ADHD zone when I'm coming up with ideas and creative solutions or resting and relaxing
I have some coding knowledge but still pretty beginner. Been doing larger projects now, building a SaaS seems like a great approach. Javascript, typescript & React.
The Margin benefit can a bit of a fallacy - since it doesn't take into account 'time spent'. For instance a drop shipping company that sells 10 items verses 1000 items is likely to involve little other direct work since the system is setup to sell automatically - whereas a saas if you're writing bespoke systems will need time to do the work; therefore the manhours need to be taken as a factor ( there's also a limit on hours available per person ); selling a product on the other hand is equivalent, but naturally has a much higher initial cost of the labour intensive work of actually writing the code. It all depends upon how decoupled you are for hours invested per product sale.
You just got yourself a new subscriber. I want to start SaaS and this video was a great motivation. I'm I the only one who cracks up about the emojis and GIFS😂in the the video?
That's great, I too think this is the right time to get into SAAS. I've built so many ERP applications for my client and now I think it's time to start my own. And yes the emojis were hilarious
You have to be careful though, you can grow in the wrong way. Working in a well oiled team with leaders willing to share expertise but also allow experimentation is probalby the ultimate.
@@morosis82 yeah sure , but building your own ideas alone will help you grow anyway , it worked for me , i am e dev from 2 years right now, guided by expertises untill now , but I had the biggest jump in skills when i tried to build my own product alone, even if in the end has no value or it is a total failure , you still learn a lot
@@DoubleFaceReal oh yeah for sure, as a pure exploratory or experimental thing for sure, but I've been building software that runs billion dollar companies for 20 years and theres a lot of learning to be done by people who know how to code a site vs code software that controls the destiny of multiple large companies.
@@morosis82 sure ,but that's another story , that's why your salary is damn high :D, but i mean if your building your first start up or SaaS you don't need to be as professinal as a multibillion company needs
such simple and incredible advice. I've been in software for a long time and I'm trying to work towards building a SaaS product but I was really worried about scalability. "Dont build something scalable until you need to". This makes so much sense. I dont even need to rebuild from the ground up, I could just adjust a few things to make it scalable if and when I actually get to that point. Well now I am ready to start. Thank you
Pro tip: of you want to build a SaaS and don't know how to code or where to start, learn Laravel, it is stupidly fast to create MVPs and integrate stripe and deploy to any hosting/cloud provider
I'd like to suggest looking at what most devs are using as this is a good way to ensure there will be support in the future. The recent stack overflow survey shows that *Node + React* (javascript) is substantially more popular than Laravel (php). This is why I avoided laravel, ruby, etc. It's clear nearly half the devs are using javascript and will likely keep using it in the future. This provides support, expansive addons/libraries/frameworks/etc for the language. I do most of my work in Node/NextJS right now, but I doubt I'll be switching languages unless I see data that supports the idea that people are abandoning javascript. You can _very_ quickly get a site build with NextJS as easy as Laravel as well. Source: survey.stackoverflow.co/2023/ PS: I'm also biased against php in general so sorry if I'm being offensive 😅
@Millionaire Millennial I would recommend updating//editng the vid to add in a warning for the validation section to got through a card processor that mitigates storages of card #'s for both their security and the piece of mind of the patron whose card they're not yet going to charge. This can allow a hold for a time for a late processing if the charge is to be green-lit, or released, and the process can be redone when the product is ready and the end client will likely feel comfortable committing to the inconvenience of a second time charge that will actually go through (assuming the hold couldn't be extended until the product was ready - assuming the validation period and production period was close enough. Other wise everything sounded like pretty solid advice, thanks for sharing! But I ain't one to gossip... .
About the pricing if you follow the marked then your at the mercy of said marked. Its way better to create your own in said place then your not compared to everyone else. Lots of car companies do this. They make it insanely priced limited who can bay and then they make a killing. Its really how you value your time and the service your offering. It does not matter that a lot of people can't afford your services that just drive up demand.
🎯 Key points for quick navigation: 00:00 *Iniciando empresa software* 00:40 *Software como serviço* 01:08 *Altos margens lucro* 02:04 *Maior controle negócio* 02:46 *Receita recorrente consistente* 03:12 *Trabalho inicial maior* 04:11 *Custo de início reduzido* 05:06 *Escolha ideia prática* 05:32 *Aprendizado a partir concorrentes* 07:39 *Validação de ideia eficaz* 09:32 *Não se preocupe escabilidade* 10:43 *Use ferramentas no-code* 11:10 *Preço baseado concorrência* 12:20 *Encontrar clientes iniciais* 13:15 *Compartilhar valor primeiro* Made with HARPA AI
Just found this. Lots to say about this topic. I recommend building a product to make an already software helpful and do so as a desktop product and here is why. 99% of apps are web and would of thought to do so. There are no apps that take existing web products coupled together as a new product thus increasing productivity it’s organized and very easy to build. The twist is there are people willing to pay bucks if the hardest parts you build is melted together. Inspiration should come from desperation so for example some web apps are great but there are no desktop apps period. Yet those Sam web apps suck because the company refuses to build a desktop piece which is you IN to building other things that are money makers.
Great video and advice, I recently learned how to code about (2 years ago), and now I'm building a phone app in flutter (which I have not learned how to code with dart before) but I'm using AI to help me thoguh it, since now I know the princaple of developing and logic which is almost the same for all stacks, I'm almost finished with the app. I'm hoping this app would generate some kind of money, but my goal is to start a SaaS later, I used to think I need a ground breaking idea but I now realize that a simple work flow for 1 type of industry could be enough to create a profitable SaaS.
I just discovered your channel and have been staring a project from a few months. After working at a software consulting company for 5 years, I gained the skills to build a secure web platform from scratch using cloud technologies. I can confirm the initial cost takes a lot of time especially when I'm holding my day job and working on my side platform at night and on weekends. Great video! Keep it coming Also, compared to ads, your audio is very quiet. I'm on Android Nokia G20 on max volume. Can you increase your volume when posting?
Regarding tech stack, personally i think it is time consuming to build an MVP with just javascript/typescript. If you want something really really fast go for framework like Laravel, yes its PHP and yes people hate it, but the pros far outweigh the cons.Since it has everything already preconfigured such as Queues, Caching, Database libraries, read write instance support, amazing feature and unit testing library and much more. Honestly I see many SAAS platforms using Laravel its not the best but its I think very easy to manage as a Soloprenuer. You don't need to over engineer for microservices so early on.
I have no experience building a software company, but I have experience building software. It makes sense to me to start off with a well oiled monolith and then refactor to microservices if necessary and are these small interactions so you’re not wielding large code changes at a single time. It would take reimplementing architecture, but what say you?
@@WisdomofHal Correct, thats how companies scale up usually. Start with a monolith whatever stack you are comfortable with. Eventually there is a limit to a monolith, so I don't like to use it once its a certain size, really hard to keep it all under one codebase with different teams. Ideally a microservice should resemble your organisation structure and size.
@@copaxchannel Ugh yeah maybe, I just don't like using so many third party packages, prefer one giant framework which has official packages for everything. I'd rather spend my time building features than configuring dependencies. But hey like the video said choose whatever you like.
Dude, a “software startup” is not “kind of the same thing” as a SaaS. Netflix is not a SaaS, nor is AWS. SaaS is a very specific business model, your information here is shockingly inaccurate.
He is saying how to start - not giving the defination of SaaS and startup. He is shocking correct. If you don't want to listen then move on to other video.
The irony about this video is that I am in the middle of creating a Saas business. Everything you said I am currently railing against it. Atleast not Everything because I know my market because I use to be apart of it as a musician. But most of what you said is true.
@@omarbader9529 developers and taxes mostly. Talking about taxes how is this guy getting a 99% profit margin? Is he implying he doesnt pay taxes for his saas?
Here in Denmark all of your income gets taxed at ~45% (if your income is above a certain limit, which it should be otherwise there's no point in having a SaaS for an income lol, also higher taxes if you step into a higher income bracket). So no, not all the money would go into your pocket (bank account), not even close
Pretty interesting! I was wondering, what is your point of view on the market now if you compare it with 2 years ago? More competitors or is it still the same game you need to win by doing what needs to be done?
9:49 that was hilarious, he's like luring in clueless people into the deep deep abyss of a rabbit hole that's called js,CSS,HTML. (This is a joke, because Ifound how he waved his fingers funny, dont take it seriously)
Take their credit card #, then just emails and say "hey we were just joking, we dont actually have a real product" is pretty shady. Matter of fact it could constitute as fraud. There are many valid ways to validate a startup concept, but I can assure you this is not it.
I work with my friend his company made two SAAS, both have amazing numbers of users on it, how can I market it? I want to market it in USA, Europe, UK It is a learning management system have huge numbers prolly more than 100k running g users, product is smooth and stable the other is a e-commerce store builder also working for a company that has more than 200 stores Now how can I market it?
Bro as a millennial could you help me with - how to start freelancing & get clients quickly as a beginner autocad/revit engineer with 6 month of internship knowledge in design of hvac projects ? What points to keep in mind while starting & how to build trust initially without being stuck in competition of the market & get paid well as an effective freelancer ?
Hmm. I did cad work at an old job, but not as a freelancer. I think a good direction early on is to focus on building out your portfolio. This applies to any freelance work. Do work much cheaper than you would just for experience (even do little projects for yourself). Once you have a really nice looking portfolio - see other successful freelancers doing the same work - you can up your prices to match the market. It will also help if you can differentiate yourself from others in a meaningful way. Niche down even further than HVAC. Make sense?
@@millionaire-millennial Insightful tips ! Thanks bro 😊 what books would be USEFUL to read for getting more clarity on subject of Freelancing, from scratch or in general perfectly ? i am starting from this coming week by going through some of my contacts from linked in initially then fiverr.
Can you share an example of a sas that you've built? I've learnt html, css, JavaScript, react, mongodb and node.ja but I have no idea what kind of thing to build and how to go about building it.
You should build the idea using all those concepts. Then learn a bit of AWS to host it online so people can reach it. Let me know if you'd like to learn more
Here is one idea. If a parking lot has spaces that are marked by flash light, red meaning that the place is occupied and green meaning that it is free, you could build a web app that will tell you which parking in a city has the biggest number of available spaces. Just a question of contacting a parking lot owner, and asking them if they have an infrastructure to send API status of a parking lot.
Here are some highly competitive but popular softwares Email Marketing software Website Builder CRM Data Scraper Auto Dialer Financial Software - sending money/processing payments All very hard , I would also keep an eye out on make money ideas because you can sell software to people who want to make money online or brick and mortar as a b2b solution
This is how the world ends up with a bunch of similar garbageware. But hey, as long as you get yours right? Don't do something you're passionate about? Bad advice for longevity and putting a good product into the world. See comment above. You learned to code in 3 months? Yeah, if you make insecure garbageware that copies everyone else but with a worse UX. Oh, yeah, that's what you're telling people to do... Are you telling people to attach their name to these products, or make up some lame company name so they don't actually have to commit to or be accountable for the product? What are your SAAS products out in the universe?
This, precisely. Nowadays people just hop on the internet and give themselves a persona like online millionaire, but in reality they watch 30 videos on a topic and boil down the points for their own video. You're not 100% correct either, but way better than these people trying to copy paste software so they can call themselves CEOs at the bar.
Hello, I don't have precisely a SaaS product but I have a software product listed in a marketplace: a freemium chrome extension (one-time payment). And my main problem right now is that its user base stopped growing like it reached a plateau.
How do you, without your competition knowing what you’re up to, find out about their pricing when they make it so you have to contact them for a quote?
If they don't publicly list their prices you can either just ask them for their prices (you don't have to mention you're operating a similar product) OR try to find some of their customers and ask them how much they pay. Most small SaaS' have their pricing listed on the /pricing page of their site.
in my experience, Webflow is for noobs and you can not build a marketable and sustainable product with webflow. Had that been the case, all SAAS or ERP companies would have chosen webflow instead of Custom built development. But that's not the case bro
I'll make a prediction before I watch any of this. He won't tell you how to make a webpage take payments, he won't say anything about licences and how to make them legally relevant, he won't say anything about how to build a EULA document, he won't even tell you how to issue valid receipts in the US (unreasonable for him to know how to do it in other countries than his native one). Now don't get me wrong, a video on this topic can still be valuable without these, but really then you're talking in ideas and concepts, and that's a lot easier than also mentioning brass tax. If you, the reader, want to know these things you should contact a local accountant who's dealt with some kind of online business before, ideally a small one because they have different problems than medium or big ones.
![*Next-door 10x Software Engineer* [FULL]](/img/n.gif)
I've been building SaaS since 2006. We've built out 12 platforms. 3 of them made it to 7 figures. It's HARD building a tool that is being sold to an individual end user. Don't do that! Unless you know what your perfect customer avatar is and know where to find those people. Instead...focus on small businesses or an audience that's dead simple to find through paid advertising, SEO, affiliates, etc..Start by finding a white label software so you're not heavily invested. Learn the business and then build something on your own once you have the expertise.
How do you find ideas? I’d love to do this and have the work ethic, just no software ideas that I’d think would make money
My first startup failed (App).I found a new company for SaaS 9 Month ago. Software ready to sell but little "process" failes inside so that people confused to use it. But I actually found the SaaS company with a "costumer". He had a problem and want to solve it because no solution exist. So we found and build it but it's really fucking hard and I have to change now a lot so that we actually getting paid users. And 3 more competitors started the same at the same time as we did and they are making already revenue now. Our Product is better but our marketing is not. But will change soon ;) So I would say it takes 1 - 2 years to build a SaaS company without knowing if it works but the chance of winning increase with every project because of experience.
Competition is good so you know your idea is working... unless you start a smartphone company because the market is already full
@@justinfuruness7954 I'm looking for software engineers to develop my SaaS product in partnership.
@@nikalags This is great one .. I myslef and my team (other 3, developer,system auditor, embeded engineer) are finding it hard to pick on the project to work on as part of our product because our current company offers IT services and fully registered but we are having that challenge whats your advise for this..
@@FinancialConsultdotcodotza How can I reach you?
100% agree. The most important thing mentioned is do something that exists but better, cheaper, easier to use, etc…
And forget about moonshot projects.
00:00 Learn how to start a software company from scratch
01:50 Starting a software company has high margins, more control, and recurring revenue.
03:40 Starting a software company is becoming less costly with no-code tools and easier access to coding education.
05:22 Start with something existing and do it slightly better
07:10 Validate your idea with a landing page
00:27 Focus on building a working product before worrying about scaling.
10:26 Focus on customer needs, not tech stack or pricing
12:01 Best way to get early customers is to find where similar softwares are getting their customers.
Crafted by Merlin AI
What you're saying about scaling is true. When you're starting out, just make it work. I have an app that's got around 4 million downloads and I've had to refactor the backend code 3 times. It's much more important to prove the idea works first.
Congrats on the app! Code refactors can be fun anyway ;p haha
What's your app about?
Whats your app about
@@pyarahindustani8553 🤣
@@mrsebastianhendricks 🤣
I recommend python/Django, comes with own admin panel and you won't even need CSS and JavaScript for the start, after that you may hire designers/UI DEVS to make a separate front-end.
Glad you're posting again! I loved your older videos, and learned a lot from them.
getting traffic is the hardest part.. you didn't explore that part too much.. the rest was very helpful thanks
Sometimes we try to look for th things which we harshly need but they do not appear in front fo you. But you randomly scrolling to entertain yourself you got what you needed for today it happened to me This is the video I was looking for. Amazing video Brooo
Love this kind of content as a guy with ADHD this kind of content help me to think about my past business ideas and new ones, set strategies and paths to ship them and make them sell enough to be worthy the time.
It's easier when I'm hearing another guy spitting ideas and concepts out.
Did you get any medical treatment? I found that my Ritalin works better than all of the best techniques out there combined when it comes to focus. I try to only stay in the ADHD zone when I'm coming up with ideas and creative solutions or resting and relaxing
This man should do podcasts or voice acting. Insane voice.
Can't believe how simple and good the content is. You just gave me the motivation I needed to build a sass 🍃
Hi! I’m from Argentina. This video really inspire me. I’m studying software engineer and this business perspective gave me a lots of tools!
VLLC
Build a SaaS myself with success, i agree with every point! Very well said.
How is your SaaS going
I have some coding knowledge but still pretty beginner. Been doing larger projects now, building a SaaS seems like a great approach. Javascript, typescript & React.
The Margin benefit can a bit of a fallacy - since it doesn't take into account 'time spent'. For instance a drop shipping company that sells 10 items verses 1000 items is likely to involve little other direct work since the system is setup to sell automatically - whereas a saas if you're writing bespoke systems will need time to do the work; therefore the manhours need to be taken as a factor ( there's also a limit on hours available per person ); selling a product on the other hand is equivalent, but naturally has a much higher initial cost of the labour intensive work of actually writing the code. It all depends upon how decoupled you are for hours invested per product sale.
You just got yourself a new subscriber. I want to start SaaS and this video was a great motivation. I'm I the only one who cracks up about the emojis and GIFS😂in the the video?
That's great, I too think this is the right time to get into SAAS. I've built so many ERP applications for my client and now I think it's time to start my own. And yes the emojis were hilarious
This comment section is a wealth of knowledge. Definitely worth subscribing!
Working on software alone is always a good thing , you'll grow exponencially in a really short amount of time in coding.
You have to be careful though, you can grow in the wrong way. Working in a well oiled team with leaders willing to share expertise but also allow experimentation is probalby the ultimate.
@@morosis82 yeah sure , but building your own ideas alone will help you grow anyway , it worked for me , i am e dev from 2 years right now, guided by expertises untill now , but I had the biggest jump in skills when i tried to build my own product alone, even if in the end has no value or it is a total failure , you still learn a lot
@@DoubleFaceReal oh yeah for sure, as a pure exploratory or experimental thing for sure, but I've been building software that runs billion dollar companies for 20 years and theres a lot of learning to be done by people who know how to code a site vs code software that controls the destiny of multiple large companies.
@@morosis82 sure ,but that's another story , that's why your salary is damn high :D, but i mean if your building your first start up or SaaS you don't need to be as professinal as a multibillion company needs
such simple and incredible advice. I've been in software for a long time and I'm trying to work towards building a SaaS product but I was really worried about scalability. "Dont build something scalable until you need to". This makes so much sense. I dont even need to rebuild from the ground up, I could just adjust a few things to make it scalable if and when I actually get to that point. Well now I am ready to start. Thank you
Yes one of the best advices ever!!!
Pro tip: of you want to build a SaaS and don't know how to code or where to start, learn Laravel, it is stupidly fast to create MVPs and integrate stripe and deploy to any hosting/cloud provider
I'd like to suggest looking at what most devs are using as this is a good way to ensure there will be support in the future. The recent stack overflow survey shows that *Node + React* (javascript) is substantially more popular than Laravel (php).
This is why I avoided laravel, ruby, etc. It's clear nearly half the devs are using javascript and will likely keep using it in the future.
This provides support, expansive addons/libraries/frameworks/etc for the language. I do most of my work in Node/NextJS right now, but I doubt I'll be switching languages unless I see data that supports the idea that people are abandoning javascript.
You can _very_ quickly get a site build with NextJS as easy as Laravel as well.
Source: survey.stackoverflow.co/2023/
PS: I'm also biased against php in general so sorry if I'm being offensive 😅
Thanks a lot for this information. Just when I thought of starting my own company, I found this video 😁
Great point about not re-inventing the wheel
Your ideas made me inspire to start my own Saas.
Try to build a saas but if it fails put it on resume. Win win.
@Millionaire Millennial I would recommend updating//editng the vid to add in a warning for the validation section to got through a card processor that mitigates storages of card #'s for both their security and the piece of mind of the patron whose card they're not yet going to charge. This can allow a hold for a time for a late processing if the charge is to be green-lit, or released, and the process can be redone when the product is ready and the end client will likely feel comfortable committing to the inconvenience of a second time charge that will actually go through (assuming the hold couldn't be extended until the product was ready - assuming the validation period and production period was close enough.
Other wise everything sounded like pretty solid advice, thanks for sharing!
But I ain't one to gossip... .
About the pricing if you follow the marked then your at the mercy of said marked. Its way better to create your own in said place then your not compared to everyone else. Lots of car companies do this. They make it insanely priced limited who can bay and then they make a killing. Its really how you value your time and the service your offering. It does not matter that a lot of people can't afford your services that just drive up demand.
I couldn't agree more with you. This is the same thing I tell all my clients
Good to see you posting again brother
Just became millionaire. Thanks bro.
Excellent video! Lots of advice. Icing on the cake, great editing, making pleasant to watch too 😄 Thanks
🎯 Key points for quick navigation:
00:00 *Iniciando empresa software*
00:40 *Software como serviço*
01:08 *Altos margens lucro*
02:04 *Maior controle negócio*
02:46 *Receita recorrente consistente*
03:12 *Trabalho inicial maior*
04:11 *Custo de início reduzido*
05:06 *Escolha ideia prática*
05:32 *Aprendizado a partir concorrentes*
07:39 *Validação de ideia eficaz*
09:32 *Não se preocupe escabilidade*
10:43 *Use ferramentas no-code*
11:10 *Preço baseado concorrência*
12:20 *Encontrar clientes iniciais*
13:15 *Compartilhar valor primeiro*
Made with HARPA AI
Just found this. Lots to say about this topic. I recommend building a product to make an already software helpful and do so as a desktop product and here is why. 99% of apps are web and would of thought to do so. There are no apps that take existing web products coupled together as a new product thus increasing productivity it’s organized and very easy to build. The twist is there are people willing to pay bucks if the hardest parts you build is melted together. Inspiration should come from desperation so for example some web apps are great but there are no desktop apps period. Yet those Sam web apps suck because the company refuses to build a desktop piece which is you IN to building other things that are money makers.
Great video and advice, I recently learned how to code about (2 years ago), and now I'm building a phone app in flutter (which I have not learned how to code with dart before) but I'm using AI to help me thoguh it, since now I know the princaple of developing and logic which is almost the same for all stacks, I'm almost finished with the app. I'm hoping this app would generate some kind of money, but my goal is to start a SaaS later, I used to think I need a ground breaking idea but I now realize that a simple work flow for 1 type of industry could be enough to create a profitable SaaS.
building the product is the easy part, marketing the product is the hard part.
depends on if you ask a developer or a marketer that question...
I just discovered your channel and have been staring a project from a few months. After working at a software consulting company for 5 years, I gained the skills to build a secure web platform from scratch using cloud technologies. I can confirm the initial cost takes a lot of time especially when I'm holding my day job and working on my side platform at night and on weekends.
Great video! Keep it coming
Also, compared to ads, your audio is very quiet. I'm on Android Nokia G20 on max volume. Can you increase your volume when posting?
Absolutely agree with patrick's audio comment, if you could increase the volume, the viewing experience would be much better
Just curious, how is your project going Patrick? I’m also got a few years experience and looking to start a saas.
Regarding tech stack, personally i think it is time consuming to build an MVP with just javascript/typescript. If you want something really really fast go for framework like Laravel, yes its PHP and yes people hate it, but the pros far outweigh the cons.Since it has everything already preconfigured such as Queues, Caching, Database libraries, read write instance support, amazing feature and unit testing library and much more. Honestly I see many SAAS platforms using Laravel its not the best but its I think very easy to manage as a Soloprenuer. You don't need to over engineer for microservices so early on.
bro you on 2000 or sth?¿ its easy brah
I have no experience building a software company, but I have experience building software. It makes sense to me to start off with a well oiled monolith and then refactor to microservices if necessary and are these small interactions so you’re not wielding large code changes at a single time. It would take reimplementing architecture, but what say you?
@@WisdomofHal Correct, thats how companies scale up usually. Start with a monolith whatever stack you are comfortable with. Eventually there is a limit to a monolith, so I don't like to use it once its a certain size, really hard to keep it all under one codebase with different teams. Ideally a microservice should resemble your organisation structure and size.
@@copaxchannel Ugh yeah maybe, I just don't like using so many third party packages, prefer one giant framework which has official packages for everything. I'd rather spend my time building features than configuring dependencies. But hey like the video said choose whatever you like.
My slow ass building an mvp using spring boot + react
bro your meme humor is really funny 🤣but overall video was helpful 💖
Dude, a “software startup” is not “kind of the same thing” as a SaaS. Netflix is not a SaaS, nor is AWS. SaaS is a very specific business model, your information here is shockingly inaccurate.
I thought so too Salesforce and Dropbox are SaaS
Netflix can be classified as tech startup while aws is infrastructure as a service
@@shafiq_ramli Netflix is no longer considered a startup. They are a large, publicly traded company.
@@parker5548 You are right
He is saying how to start - not giving the defination of SaaS and startup. He is shocking correct. If you don't want to listen then move on to other video.
The irony about this video is that I am in the middle of creating a Saas business. Everything you said I am currently railing against it. Atleast not Everything because I know my market because I use to be apart of it as a musician. But most of what you said is true.
Houston whats your advise on the key sectors to dive in
@@etekumoses3320 I'd advise on the music industry. It's the one I'm in. There's alot of opportunity there.
how is it@@HoustonKhanyile
going well. expect to launch sometime early next year@@kilnal8514
your editing is amazing
Almost 99% profit margins are you ok bro? I have at max 60-70% profit margins in my software business which is still higher than dropshipping
where is your 30-40% going?
@@omarbader9529 salaries, marketing, other saas
@@omarbader9529 developers and taxes mostly. Talking about taxes how is this guy getting a 99% profit margin? Is he implying he doesnt pay taxes for his saas?
Here in Denmark all of your income gets taxed at ~45% (if your income is above a certain limit, which it should be otherwise there's no point in having a SaaS for an income lol, also higher taxes if you step into a higher income bracket). So no, not all the money would go into your pocket (bank account), not even close
@@TikTokTrendsCompilation if you setup your business in tax free countries. And SaaS doesn't depend on location anyways.
Legit tips that actually can be useful if put together well. Thanks!
This was amazing and got me thinking a LOT. Thank you
no, C languages are the ones used for ERPs that are on premises
How do you worry about creating a legal company to back your new Saas ? I think this is a good question
Very insightful video. Learned a lot. Thank you!
You don't have to learn binary: best advice
Pretty interesting! I was wondering, what is your point of view on the market now if you compare it with 2 years ago? More competitors or is it still the same game you need to win by doing what needs to be done?
Great video...now i need the courage and the time to start it hahaha
This is great advice thanks
Great video
9:49 that was hilarious, he's like luring in clueless people into the deep deep abyss of a rabbit hole that's called js,CSS,HTML.
(This is a joke, because Ifound how he waved his fingers funny, dont take it seriously)
You’re giving this advice yet? Have you made your own SAAS? ARE you a sass oneer? How much money have you made?
Yea a few years ago multi 6 figures + exit
When you said, you can start a SAAS company pretty easy and learn how to code in a few months... I knew you were full of it.
Thanks for sharing, very informative one
This is great man thanks
To be honest I hate when the website makes you login, create a logo, takes you to a tutorial, than they ask you for your credit card 😂😂
is this uploaded at 1.5x speed?
1.25, actually
love the way you presented this info so articulately. subscribed! thank u
Take their credit card #, then just emails and say "hey we were just joking, we dont actually have a real product" is pretty shady. Matter of fact it could constitute as fraud. There are many valid ways to validate a startup concept, but I can assure you this is not it.
Thank you so much for this information!!!🙏🏽
I work with my friend his company made two SAAS, both have amazing numbers of users on it, how can I market it? I want to market it in USA, Europe, UK
It is a learning management system have huge numbers prolly more than 100k running g users, product is smooth and stable
the other is a e-commerce store builder also working for a company that has more than 200 stores Now how can I market it?
Bro as a millennial could you help me with - how to start freelancing & get clients quickly as a beginner autocad/revit engineer with 6 month of internship knowledge in design of hvac projects ? What points to keep in mind while starting & how to build trust initially without being stuck in competition of the market & get paid well as an effective freelancer ?
Hmm. I did cad work at an old job, but not as a freelancer. I think a good direction early on is to focus on building out your portfolio. This applies to any freelance work. Do work much cheaper than you would just for experience (even do little projects for yourself). Once you have a really nice looking portfolio - see other successful freelancers doing the same work - you can up your prices to match the market.
It will also help if you can differentiate yourself from others in a meaningful way. Niche down even further than HVAC. Make sense?
@@millionaire-millennial Insightful tips ! Thanks bro 😊 what books would be USEFUL to read for getting more clarity on subject of Freelancing, from scratch or in general perfectly ? i am starting from this coming week by going through some of my contacts from linked in initially then fiverr.
Thank you so much ❤️
this was useful thanks!
a great video, thanks a lot.
I need to increase my system volume, and speaker volume also to listen. How many of you faced like this😂
Finally youtube recommending me something releveant lol
Good advice mate :)
It feels like you're whispering, why so low vol?
So if you truly have experience in building Saas, please post links to the websites of your products that are selling.
Great video
As a software developer, I would say your numbers are way off. 99% profit margin what planet do you live on?
why what are your costs for maintaining and running the saas? if you say hosting and domain name they can cost as low as 20$
@@omarbader9529 hosting, employees, testing, advertising, servers (if u need to store databases)
@@excaliber2845 t a x e s
@@excaliber2845And add Taxes too
Thanks for sharing
Parent yourself” and AffOrmations airpod app are 2 ideas I’d like to partner on. Where should I look?
Thank you very much. very instructive everything you said in this video. Be blessed
Great and very informative video, but unfortunately was unpleasant on the ears as your volume was extremely low, but besides this, outstanding.
Can you share an example of a sas that you've built? I've learnt html, css, JavaScript, react, mongodb and node.ja but I have no idea what kind of thing to build and how to go about building it.
You should build the idea using all those concepts. Then learn a bit of AWS to host it online so people can reach it.
Let me know if you'd like to learn more
linode > AWS but yes
Here is one idea. If a parking lot has spaces that are marked by flash light, red meaning that the place is occupied and green meaning that it is free, you could build a web app that will tell you which parking in a city has the biggest number of available spaces. Just a question of contacting a parking lot owner, and asking them if they have an infrastructure to send API status of a parking lot.
Just one of the ideas i came up with recently
Here are some highly competitive but popular softwares
Email Marketing software
Website Builder
CRM
Data Scraper
Auto Dialer
Financial Software - sending money/processing payments
All very hard , I would also keep an eye out on make money ideas because you can sell software to people who want to make money online or brick and mortar as a b2b solution
interesting input
would you suggest to learn coding languages or no-code tools?
This is how the world ends up with a bunch of similar garbageware. But hey, as long as you get yours right?
Don't do something you're passionate about? Bad advice for longevity and putting a good product into the world. See comment above.
You learned to code in 3 months? Yeah, if you make insecure garbageware that copies everyone else but with a worse UX. Oh, yeah, that's what you're telling people to do...
Are you telling people to attach their name to these products, or make up some lame company name so they don't actually have to commit to or be accountable for the product?
What are your SAAS products out in the universe?
This, precisely. Nowadays people just hop on the internet and give themselves a persona like online millionaire, but in reality they watch 30 videos on a topic and boil down the points for their own video. You're not 100% correct either, but way better than these people trying to copy paste software so they can call themselves CEOs at the bar.
hey men the audio is very good just wanna now what software u use for audio
Thanks bro❤
GOOD IDEA
Hello, I don't have precisely a SaaS product but I have a software product listed in a marketplace: a freemium chrome extension (one-time payment). And my main problem right now is that its user base stopped growing like it reached a plateau.
Would you like us to discuss on marketing? Pretty sure with some little tactics applied you'll gain more spotlight.
How do you, without your competition knowing what you’re up to, find out about their pricing when they make it so you have to contact them for a quote?
If they don't publicly list their prices you can either just ask them for their prices (you don't have to mention you're operating a similar product) OR try to find some of their customers and ask them how much they pay.
Most small SaaS' have their pricing listed on the /pricing page of their site.
Motivational advise
how to do market research on which SaaS product is in demand?
Its never as easy as Yourube guys say...theres always a trick to it
I wonder - what kind of SaaS can you create with webflow?
in my experience, Webflow is for noobs and you can not build a marketable and sustainable product with webflow. Had that been the case, all SAAS or ERP companies would have chosen webflow instead of Custom built development. But that's not the case bro
Liked and Subbed 👍
8:04 That made me laugh so hard
I want to make software company and your video make me know more about it thx
I mean, overheads are overheads and power is power dude. All of it is deductible from profit.
Hi Dear, It was really informative please what is the most time and money efficient way to get traffic to a saas?.
Voodoo spells.
I'll make a prediction before I watch any of this. He won't tell you how to make a webpage take payments, he won't say anything about licences and how to make them legally relevant, he won't say anything about how to build a EULA document, he won't even tell you how to issue valid receipts in the US (unreasonable for him to know how to do it in other countries than his native one).
Now don't get me wrong, a video on this topic can still be valuable without these, but really then you're talking in ideas and concepts, and that's a lot easier than also mentioning brass tax. If you, the reader, want to know these things you should contact a local accountant who's dealt with some kind of online business before, ideally a small one because they have different problems than medium or big ones.
I have a full no-code series on YT highlighting how to build pages, take payements, etc. Not everything can fit in a single video 😅
What do you think about GO HIGH LEVEL SAAS?
you go bro. Awesome. This looks nothing like your moms basement. (Y)
where is the legal informative content on Software Dev companies ughhh....
The absolute saas @ 9:46 😂
cool video)