How to Start a SaaS Business From Scratch in 2024
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- Опубліковано 16 сер 2024
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Here’s why I fell in love with the SaaS business model…
You build the software once. And get paid every month.
Recurring revenue.
If I lost all my money, followers, and network today, I'd still know exactly how to build a SaaS company from scratch.
And today I’m going to share the 7 steps with you in this video.
Building a SaaS business might seem daunting, especially if you're just starting out.
A lot of people think they need to raise capital, hire a very expensive development team, and spend years in the red before their product takes off.
But the key?
Start with the problem, validate your solution, and then build and refine your product.
You don’t need a huge team or a ton of money…
Just a solid plan and the right approach.
My 7-step guide is your map, and it includes:
- How to pinpoint the exact problem your SaaS should solve
- The secret to building a prototype without wasting time or money
- 4 steps for creating a Minimum Viable Product (MVP) quickly
IG: @danmartell
X: @danmartell
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Great video, Another factor to add is Do they spend a lot of time planning their financial future? The stock market is making me really worried because I've lost over $ 27,000 in just this month and I'm not making as much money as I used to. This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings.
To ensure a comfortable retirement, it's advised to save a minimum of 20% of your income in a 401(k). by doing so , you increase the likelihood of retiring with sufficient funds. Moreover, this strategy enables you to leverage the stock market's potential and expand your retirement savings as time progresses.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
That's how I would build a SaaS Company from $0!
Let me know your biggest takeaway in the comments below:)
Yup ty Dan
So much value I’ve been building custom software for 25 years and I’ve built my own custom solutions and sass products. Most of them are failed. A few have succeeded, but the points you make in this video are pure gold.
Pumped you got value👊
@dancarter Are you really good at coding. I'm looking for a co-founder for Edutube.
how do you get the rigth idea? thanks
@@friendsandfamily100 - hey Jeremy, I think you might have meant to tag
@dancarter2285 - hope this helps
@@friendsandfamily100 I am good with it. 😊
I am a new grad developer and I'm two minutes into this video and already know this is going to be one of the best videos I've watched in my life. tyvm
Glad you liked it! Been wanting to produce more SaaS focused videos
Code a basic idle game, they're addicting and tons of people love watching numbers grow on idle games. People will often sink some pretty large amounts of cash into idle games. I've been around them for years and they are where its at. Don't even need graphics, if so then you don't need many graphics. Just text and numbers. People are addicted to watching numbers grow.
can't believe nobody talks about book 'the hidden truths of wealth'
Being part way through building my own SaaS business, I can tell you that this is all BANG ON! Great content Dan!
Wow. After my second failed business, I've been consuming a lot of info on that for the last months, from YC to Strategyzer, and making my own experiments. And you just got to the core of what I've been learning, in under 30min, with extras. Thanks, man
My favorite takeaway from this video is how you force people to THINK.
You break down these large concepts into easy to digest bits.
Thanks Dan.
If you let the dev design your app. It will be based on what they want. Which 99% of time will be the most complicated set of forms you have ever seen. They rarely take ease of use into account.
This is the best video I've watched in 2024, the guy gives gold for free omg.
If you read this i truly appreciate this. 😊
Pumped you got value!
It's so much harder than this UA-camr tells you it is.
Sometimes it’s not;)
Love the approach of having them checkout, and not charging them to validate the idea. I'm starting a small business here in Cocagne doing some fine craft exhaust products for exotic cars. (I know, not the same wheelhouse) I always look forward to watching your content, to see what I can pluck from it to apply in a similar way. Thanks for doing this type of content. Really helps open different roadways to thinking. 👍 Appreciate it.
Pumped you got value!
Thanks Dan. I got a 150K mortgage, bought 75k worth of Brett with it. YOLO from profit of 10k thanks a lot Sonia campbell
Hello, how do you make such amount? I'm a born
Sonia but sometimes I feel so down of myself because of low finance but I still believe in God.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
Wow, you guys are discussing about the same thing in my mind what a coincidence. Hahaha .I bought couple of crypto like Shiba Inu, BNB,XRP & ADA.
Sonia Campbell was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia campbell.
Is this not same mrs Sonia my neighbour posted on her Whats App status 8 hours ago thanking for making her rich
K 35 seconds in and you have to give the video guy a raise. Some of the best work I’ve seen. Anywhere. Excited to watch the vid. Love our man and you provide such valuable content. Thank you 🙏 ❤
We’ve got a solid team;)
The SaaS Content is Back🔥🔥
Yessir!
LOL, I'm sick of monthly subscriptions,eternal logins, and centralized control. SaaS sucks. bring back local software!!!!
This is legit the best beginner saas video out there. Made my project less overwhelming ...
Glad you enjoyed it!
This is amazing content! I was about to click away as we are not 'starting from scratch' and a long way into the build, but the tactical tips in this video are such high value. There is more information in here than a $15K course. Honestly. Your videos are just getting better and better DM!
Appreciate you:)
Giving it all away for free
If you want more help checkout saasacademy.com
This is some MBA level knowledge for free.
I wish I would have got this 3 years ago, anyways this would for sure be a life saver.
Great work sir, thanks on behalf of hustling community.
Pumped you got value!
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.
I spread out my $25k portfolio across various markets to diversify my investments.
That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.
Naomi Dean stands out from other brokers because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!
Great video, Dan! Loved #7 about Growth Hacks - hadn't fully incorporated that notion before!
It’s game changer for most saas companies
@@danmartell Yes, but thinking about it for a coaching company too - what if we keep seeking out the people or groups where our clients are, and use your suggestions to hack our client growth there? :)
I know that many of you who are watching do not like to read books, but I found a book called 'The Hidden Truths Of Wealth by Oliver Mercer', and no it's not some bullshit law of attraction, it really changed my life
Bros tryna sell his book lmao
scam
Scam and reported
Where did you get that book? It’s not on audible (that I know of)
While I'd love an Audible, or even a Kindle version, you have to search it in your browser - it's an 'eBook'
Honestly Dan, this is the best advice video I had ever watched! Thank you.
Appreciate you!
Great content and man, the edit was on point. Really awesome watching the evolution of this channel. Appreciate you and your team Dan
Appreciate the kind words🙏
This is Amazing for all kind of products not just limited to SaaS of course. Thank you!!!
You're so welcome!
This was easily one of the best videos I've seen on the topic. -GOLD!
Pumped you got value!!
Useful info. Thanks.
🙏🙏
Over-editing and unnecessary loud music are distracting.
😂
yeah, im out
Thanks boss. I am studying computer programming and jobless college student in debt. I been looking how to build a business or saas.
🙏
@@danmartell appreciate it
Hey Dan,
Loving your content so far, it has helped me immensely. This video is just the push I need to go out and get started.
Thanks so much!
You got this👊
thank you dan you’re helping me
i learned so much from this app or even software building is insane
its alot of little details
but it can be done with the right drive and desire to succeed
Thoughts on the best SaaS vertical, and thoughts on legal tech? I'm about to start asking local business owners about their problems. Should I ask everyone or focus on a specific industry first?
Definitely chose one industry.
The one you’re the most familiar with.
Extreme value in this video! So refreshing to get lessons from veterans and not fakes
It's funny to think this guy grew up literally up the road from me lol
NB represent;)
king of SaaS
We’re back:)
This is real, practical advice. Everyone seems pressured to jump into building the next big thing and finding investment but starting with consulting seems more doable, bills can be paid. Can you share your thoughts on growing your consultancy vs developing a product? Thank you for your great content.
Do both in tandem.
One funds the other.
Until 100% of your rev comes from saas
I’m a TS Next.JS dev. Great advice.
thank you Sir! great info!
Im so glad i can code my self lool
Is this something you can get into without much programming knowledge, or do you need a background in development?
SAAS seems like something I'd be interested in later down the line once I grow as an entrepreneur.
It’s totally doable.
I’ve got tons of videos about building a saas as a non-tech founder.
It’s what I did and i’d say 60-70% of other founders do.
@@danmartell Thanks, man! Love your mindset and approach to life!
@@JoeZupko2I can guide you through In case if you need any help. 😊
This is such a clear roadmap!
It’s pretty easy to mistake validation with selling promises. And that can make a difference on the business survival, you really don’t want a huge backlog of individual features for individual users that will not use your solution. It will overwhelm you and your development team.
Amazing content, highly appreciated and recommended.
There are so many players leveraging hidden data, especially credit card firms, now cooperating with store chains for cash-back in return for customer data. The leverage it brings is obvious. They know the holes in the marketplace, they know what the customer wants and doesn't want, and can cater directly to that. It's a great efficiency tool. Sadly, I'd say it's not directly accessible to the average nerd dev, but creating a payment processor is a start. Probably why Musk is so rich. I mean... What do I know!
Thanks Dan. As always world class content.👍
Great info. No need for camera cuts and additional editing. Its distracting and disturbing.
Noted👊
@@danmartelloverall. Great content and valuable information. Much appreciated
Thank you so much for this! You impressed me.
Glad you enjoyed!
Should you patent the idea or software before you crowd fund,raise money or start working with other people to build your app or software??
Sometimes yes, most times no.
Patents are only good as legal leverage, too slow for most entrepreneurs.
People are going to copy you.
Just make yours better;)
@@danmartell thank you for taking the time to give me some advice and knowledge! That’s a big deal!
You are the man!
Much appreciated sir!
Tyler
Excellent content! Gotta watch this one again and take notes. (SaaS ideas in the works.)
Video edit feedback: The transitions are overproduced and distracting + the music is too loud. Removing most of the music would be an improvement since viewers watch long videos like this at 1.25x to 1.75x. Or, stick with ambient (just chords & swells) without beat so that the drumbeat isn't switching to speed-metal pace when the viewer accelerates.
Noted;)
Great content Dan! How would an online marketplace for a specific industry fit in this steps? What holds me back is that at the beginning, the marketplace wouldn’t be valuable for sellers to publish something, since the web is empty. An empty marketplace doesn’t attract buyers. I found the hole in the market and have a team of friends devs willing to build stuff with me.
Search my channel;)
I’ve got tons of breakdowns on marketplaces
Can't Figma do everything InVision can?
Yup, invision is a bit more robust though
@@danmartell Gotcha.
More like this ❤❤❤
awesome content!!
Appreciate you!
Glad i found this guy!
Glad you enjoyed!
How do you crowd fund for an app without the risk of someone with the money to steal the idea?
You are a genius! 1000% thumb up!
Why is there sprinkler sound effects?
Would you advise doing this as an independent developer without creating an LLC?
at first, keep it simple.
if you sell over $30K then maybe setup the business
all depends what you need to move forward
to take payment, I believe Strip (as an example) requires articles of incorporation
content is king
Yup!
Great. Now how do you start consulting? 😅
This video is gold!
Appreciate you!
@danmartell Great video, love it took notes. i have a dumb question. Where did you get that t shirt. Looking for high quality t shirts like that hard to find! looks sharp!
Kit and ace!
Best shirts imo
@@danmartell Your the best brother. I met you 2 years ago in Toronto. I am currently building out my patented payment system for sass text messages. So thank you for all the great information, and you meet so many people you probably won't remember me, but your coaching on making content, and creating a brand getting in front of the camera has really helped me. Keep and eye out for S2MPAY we are coming.
@@danmartell Thank you, Keep an eye out for s2m pay, Met up with you in Toronto a few years back you were a big help opening my eyes up to certain techniques. We are in development for our patent s2mpay system. When we get some customers i will reach out show you what you helped me create! Thank you for your content and it was good to meet you.
Great watch.
🤝
Skipped through this video trying to find some gold. Was there mention of using LinkedIn or did I miss it? Was there anything about backends, extending lifetime value, or reducing attrition? When there aren't any time markers it's challenging to get much from these videos where most of it doesn't apply to a specific situation, even as a startup.
I talk about growth hacks on the backend👊
I’ll have the team add some timestamps to the next vids
Well this is timely. I’m about to get my first inadvertent problem-solved product to market. - Dr. Moe
Dan!
I’m creating an app but I’m at a spot where I don’t know where to go from here.
I’m just a guy trying to build an app that makes lives easier and makes a bunch of money for myself and others who need it.
It solves a problem for everyone throughout the world.
Do you have any consulting services that I could bring the idea to? I’m need a person or business that can be trusted.
I may sound crazy but Everytime I get the thought of this app going live, I get a rush of euphoria. I know it will be huge.
Any advice would be much appreciated. I know you’re a busy man.
Thank you sir!
Tyler
Check out saasacademy.com
what is SaaS
Software as a service
Using technology to automate and solve problems with precision
Money does grow on trees.
My biggest problem is I hate dealing with people and hate the state of the industry. I'm sure there's plenty of problems to be solved, but the biggest problem I see today is that everyone is looking for a way to click a button -- or watch a video, and not have to do the work. And soon AI is going to solve a lot of the problems. Wonder what they'll do then?
I would love to come up with a way to get people to stop living in their technology/phones and start living in the real world again. Yet every solution seems to suck people in deeper to the virtual reality promising them something for nothing.
Here's the funny thing I've noticed. Those who are most successful and have built up wealth, are most technically savvy, they spend the least amount of time obsessed over technology. They might still create apps that others will use -- or pay others to do it, but all they want to do is go out and touch grass. Go figure.
Billionaires want to be Buddhist.. but Buddhist don't want to be billionaires.
Mr beasts latest video was him collaborating with the top 50 UA-camrs. Your video was a picture of your face and the opening sentence implies we know what sas is. You ask to see peoples spread sheets lets look at your thumbnails and titles. click bait/attention retention and collabs two big things for youtube.
Noted;)
you just earn subscribe thank for this
Thank you!
The issue for tech ppl is to identify the problem. I've been trying to identify the problem to solve for 31 years. 😞 It's EXTREMELY difficult when you don't understand the business that you are trying to cater to.
Go work at the businesses first
Learn the inner language
You got this👊
Super keen to help non technical people build their SAAS, reach out
12:43
Growth hacks🤝
🔥Content!
background music so annoying
UA-cam views prints money too.
Gold🎉
Services killed by Saas, Saas killed by AI?
I don't even know what means saas ^^
Mouse clicks everywhere!
Cust Dev
Message me on IG
🎉🎉🎉🎉🎉
Appreciate you!
What the f is SaaS?
I just have one question:
Why that hairstyle though...! 🤔
Please make your music quieter
Noted🙏
🔝
Step 0: Steal someone else's idea and make it better. If its good enough for the big corps, its good enough for the solo dev entrepreneur
Clixkbait
AAAAA
BBBBB
Grifter lessons, you should be ashamed of yourself.
Bro AI is comming, it will take away the software user interfaces and level up the user experience by asking the user what to do and then execute what the user wants. This video wasted my 9 minutes.
AI will only enhance the saas space
The ones who don’t adapt will die
It's commming