Want to build a successful SaaS company?
Here are 9 things you NEED to know.
A thread π§΅π
Here are 9 things you NEED to know.
A thread π§΅π
π‘ππΊπ―π²πΏ π’π»π²: Find GOOD Opportunities πΈ
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 π
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 π
π‘ππΊπ―π²πΏ π§ππΌ: The Acquisition Climate is HOT π₯
Multiples on SaaS with <$20k MRR are skyrocketing.
Businesses doing $100K Annual Profit often sell for $500k+. You don'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't have to strive for BILLIONS.
@agazdecki and @tylertringas are MUST FOLLOWS to learn about this space.
π‘ππΊπ―π²πΏ π§π΅πΏπ²π²: Build Moats π
π» Tech Moat: How hard is it to rebuild this platform?
β€οΈ Brand Moat: How many people know/love this company?
π΅ Revenue Moat: How hard is it to get to that MRR?
@chriswreedy from @SureSwiftCap opened my eyes to this when I startedπ€
π» Tech Moat: How hard is it to rebuild this platform?
β€οΈ Brand Moat: How many people know/love this company?
π΅ Revenue Moat: How hard is it to get to that MRR?
@chriswreedy from @SureSwiftCap opened my eyes to this when I startedπ€
π‘ππΊπ―π²πΏ ππΌππΏ: The Barrier To Entry Is LOW β¬οΈ
No-code and low-code platforms make it easy to build out MVPs quickly and affordably.
Some people to pay attention to:
π @SaaSWiz
π @SimonHoiberg
π @buildcamp
π @LaunchMBA
Build fast and cheap first ποΈ
No-code and low-code platforms make it easy to build out MVPs quickly and affordably.
Some people to pay attention to:
π @SaaSWiz
π @SimonHoiberg
π @buildcamp
π @LaunchMBA
Build fast and cheap first ποΈ
π‘ππΊπ―π²πΏ ππΆππ²: Prosumer Markets Scale FASTβ‘οΈ
Entrepreneurs, Creators, Influencers, etc.
They "invest" money like a business.
But can be marketed to like a consumer.
Big Markets + Willingness To Pay = π°π°π°
Marketers To Follow π
@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 = π°π°π°
Marketers To Follow π
@coreyhainesco
@CTtheDisrupter
π‘ππΊπ―π²πΏ π¦πΆπ
: Prove Market Potential First βοΈ
Break into the market by selling:
π°Services doing X for them
π°Info products about how to do Y
Then sell the TOOL to be able to do it better.
Great examples π
@blackhatwizardd
@THETYFRANKEL
@alexh459
@PaikCapital
Break into the market by selling:
π°Services doing X for them
π°Info products about how to do Y
Then sell the TOOL to be able to do it better.
Great examples π
@blackhatwizardd
@THETYFRANKEL
@alexh459
@PaikCapital
π‘ππΊπ―π²πΏ π¦π²ππ²π»: Audience Is Crucial π
Get your product to market faster.
Grow Your Email List π @ecomchasedimond
Leverage Twitter π @thedankoe & @Shpigford
Build in Public π @heyblake & @5harath
Create Community π @wizofecom & @jayclouse
Audience = Usersπ₯
Get your product to market faster.
Grow Your Email List π @ecomchasedimond
Leverage Twitter π @thedankoe & @Shpigford
Build in Public π @heyblake & @5harath
Create Community π @wizofecom & @jayclouse
Audience = Usersπ₯
π‘ππΊπ―π²πΏ ππΆπ΄π΅π: Growth Opportunities are ENDLESS π
Customers are everywhere, you just need to find them.
Instagram π @tinrovic
Reddit π @gummy_search
LinkedIn π @MartelMetellus
Influencers π @TaylorLagace
Twitter π @Yannick_Veys
They are out there π
Customers are everywhere, you just need to find them.
Instagram π @tinrovic
Reddit π @gummy_search
LinkedIn π @MartelMetellus
Influencers π @TaylorLagace
Twitter π @Yannick_Veys
They are out there π
π‘ππΊπ―π²πΏ π‘πΆπ»π²: You don't need a massive team π«
Leverage digital systems, automation and outsourced talent to run a lean (& profitable) operation.
Brilliant people in this space π
@NickAbraham12
@camthecoo
@stephenolmon
Efficient Operations = FASTER GROWTH π
Leverage digital systems, automation and outsourced talent to run a lean (& profitable) operation.
Brilliant people in this space π
@NickAbraham12
@camthecoo
@stephenolmon
Efficient Operations = FASTER GROWTH π
ππΌπ»ππ π§πΆπ½: You don't have to build anything yourself π€·ββοΈ
1β£Buy A Product/Website.
2β£Increase Revenue/Profits.
3β£Sell The Business.
4β£Repeat.
This can require a little capital but @JamesonCamp teaches you exactly how to do this profitably π°
1β£Buy A Product/Website.
2β£Increase Revenue/Profits.
3β£Sell The Business.
4β£Repeat.
This can require a little capital but @JamesonCamp teaches you exactly how to do this profitably π°
π§πππ₯: SaaS businesses are HOT.
β‘οΈLow Barrier To Entry
β‘οΈHigh Acquisition Multiples
β‘οΈPlentiful Market Opportunity
β‘οΈMotivated Customers
Now, go make some money π
β‘οΈLow Barrier To Entry
β‘οΈHigh Acquisition Multiples
β‘οΈPlentiful Market Opportunity
β‘οΈMotivated Customers
Now, go make some money π
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