Want to build a successful SaaS company?
Here are 9 things you NEED to know.
A thread
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Here are 9 things you NEED to know.
A thread
𝗡𝘂𝗺𝗯𝗲𝗿 𝗢𝗻𝗲: Find GOOD Opportunities
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There are new markets with tons of people actively looking for new products/tools/etc.
Pay attention to trends to find opportunities in emerging niches.
@DruRly will tell you exactly where to look
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There are new markets with tons of people actively looking for new products/tools/etc.
Pay attention to trends to find opportunities in emerging niches.
@DruRly will tell you exactly where to look
𝗡𝘂𝗺𝗯𝗲𝗿 𝗧𝘄𝗼: The Acquisition Climate is HOT
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Multiples on SaaS with <$20k MRR are skyrocketing.
Businesses doing $100K Annual Profit often sell for $500k+. You don& #39;t have to strive for BILLIONS.
@agazdecki and @tylertringas are MUST FOLLOWS to learn about this space.
Multiples on SaaS with <$20k MRR are skyrocketing.
Businesses doing $100K Annual Profit often sell for $500k+. You don& #39;t have to strive for BILLIONS.
@agazdecki and @tylertringas are MUST FOLLOWS to learn about this space.
𝗡𝘂𝗺𝗯𝗲𝗿 𝗧𝗵𝗿𝗲𝗲: Build Moats
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https://abs.twimg.com/emoji/v2/... draggable="false" alt="💻" title="Computer" aria-label="Emoji: Computer"> Tech Moat: How hard is it to rebuild this platform?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> Brand Moat: How many people know/love this company?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💵" title="Banknote mit Dollar-Zeichen" aria-label="Emoji: Banknote mit Dollar-Zeichen"> Revenue Moat: How hard is it to get to that MRR?
@chriswreedy from @SureSwiftCap opened my eyes to this when I started
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@chriswreedy from @SureSwiftCap opened my eyes to this when I started
𝗡𝘂𝗺𝗯𝗲𝗿 𝗙𝗼𝘂𝗿: The Barrier To Entry Is LOW
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No-code and low-code platforms make it easy to build out MVPs quickly and affordably.
Some people to pay attention to:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> @SaaSWiz
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> @SimonHoiberg
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> @buildcamp
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> @LaunchMBA
Build fast and cheap first
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No-code and low-code platforms make it easy to build out MVPs quickly and affordably.
Some people to pay attention to:
Build fast and cheap first
𝗡𝘂𝗺𝗯𝗲𝗿 𝗙𝗶𝘃𝗲: Prosumer Markets Scale FAST
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Entrepreneurs, Creators, Influencers, etc.
They "invest" money like a business.
But can be marketed to like a consumer.
Big Markets + Willingness To Pay =
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Marketers To Follow
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@coreyhainesco
@CTtheDisrupter
Entrepreneurs, Creators, Influencers, etc.
They "invest" money like a business.
But can be marketed to like a consumer.
Big Markets + Willingness To Pay =
Marketers To Follow
@coreyhainesco
@CTtheDisrupter
𝗡𝘂𝗺𝗯𝗲𝗿 𝗦𝗶𝘅: Prove Market Potential First
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Break into the market by selling:
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https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">Info products about how to do Y
Then sell the TOOL to be able to do it better.
Great examples
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@blackhatwizardd
@THETYFRANKEL
@alexh459
@PaikCapital
Break into the market by selling:
Then sell the TOOL to be able to do it better.
Great examples
@blackhatwizardd
@THETYFRANKEL
@alexh459
@PaikCapital
𝗡𝘂𝗺𝗯𝗲𝗿 𝗦𝗲𝘃𝗲𝗻: Audience Is Crucial
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Get your product to market faster.
Grow Your Email List
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> @ecomchasedimond
Leverage Twitter
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Build in Public
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Create Community
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Audience = Users
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Get your product to market faster.
Grow Your Email List
Leverage Twitter
Build in Public
Create Community
Audience = Users
𝗡𝘂𝗺𝗯𝗲𝗿 𝗘𝗶𝗴𝗵𝘁: Growth Opportunities are ENDLESS
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Customers are everywhere, you just need to find them.
Instagram
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Reddit
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LinkedIn
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Influencers
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Twitter
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> @Yannick_Veys
They are out there
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Customers are everywhere, you just need to find them.
Influencers
They are out there
𝗡𝘂𝗺𝗯𝗲𝗿 𝗡𝗶𝗻𝗲: You don& #39;t need a massive team
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Leverage digital systems, automation and outsourced talent to run a lean (& profitable) operation.
Brilliant people in this space
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@NickAbraham12
@camthecoo
@stephenolmon
Efficient Operations = FASTER GROWTH
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Leverage digital systems, automation and outsourced talent to run a lean (& profitable) operation.
Brilliant people in this space
@NickAbraham12
@camthecoo
@stephenolmon
Efficient Operations = FASTER GROWTH
𝗕𝗼𝗻𝘂𝘀 𝗧𝗶𝗽: You don& #39;t have to build anything yourself
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https://abs.twimg.com/emoji/v2/... draggable="false" alt="1⃣" title="Tastenkappe Ziffer 1" aria-label="Emoji: Tastenkappe Ziffer 1">Buy A Product/Website.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="2⃣" title="Tastenkappe Ziffer 2" aria-label="Emoji: Tastenkappe Ziffer 2">Increase Revenue/Profits.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="3⃣" title="Tastenkappe Ziffer 3" aria-label="Emoji: Tastenkappe Ziffer 3">Sell The Business.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="4⃣" title="Tastenkappe Ziffer 4" aria-label="Emoji: Tastenkappe Ziffer 4">Repeat.
This can require a little capital but @JamesonCamp teaches you exactly how to do this profitably
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This can require a little capital but @JamesonCamp teaches you exactly how to do this profitably
𝗧𝗟𝗗𝗥: SaaS businesses are HOT.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Low Barrier To Entry
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Now, go make some money
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Now, go make some money