You have an amazing software idea and you're ready to make some money with it. Have you figured out your product's niche market? Have a business plan already? Are you already getting feedback from customers? These are just a few questions to consider as you take your product to market and start enjoying that recurring revenue.
Often a business idea starts simple and then becomes quite complex. Before you invest in all of that complexity, it's a good idea to validate your initial prompt. Here are some questions to consider:
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Once you've thoroughly vetted your business idea with early adopters, you'll want to spend some cash on marketing to your market. If you're an early-stage startup with few resources, consider investing in channels that will work for you and best meet your market demand. Consider the following:
It seems like a no-brainer but if you're hosting a software product as-a-service, you'll need the proper technology to keep it going strong and responding efficiently.
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Your business plan should not only include the name of your company, the legal and tax setup, plans for growth and gaining customers, it should also detail how you plan to make a profit. A good place to start is to organize your business accounting and set up policies and procedures for your accounting department. Here are some questions to think about:
It's no secret that choosing to sell a software-as-a-service is a smart business strategy. When launched correctly, this helpful checklist is a good way to find some steady ground and then improve from there. With the right foundation, you can ensure that your SaaS startup is on its way to success and you can enjoy some dependable monthly revenue.