Thread by @iamwillcannon

Ever wanted to start a SaaS?

It's a fun hobby.

On that can be sold for 10x what you make in a year.

(Get to $8.4k a month and you could sell it for a million)

But you need an idea first.

Here's 4 ways to get a big one:

1. Copy what already works

Easiest way to see what works:

Look on G2 or other review sites.

Take a look at industries where there are players that don't have the best of reviews.

For example,

We found lead-gen businesses.

We saw that people weren't loving what was on the market (too expensive, you had to use other software, bad leads, etc)

These poor reviews will show you where there's an opportunity to enter an established market & disrupt it.

You might only have to tweak one thing:

>Combine 2 steps into 1
>Pricing
>Fix the 1 thing that sucks
>Different acquisition channels
>Niche down, then expand over time

All it takes is one aspect of improvement to completely change the game.

2. What are some problems YOU encounter?

Ask yourself these questions:

>Which problems are you running into?
>What do you wish this could do?
>Do your peers, colleagues, and friends have the same problem?
>Would they be willing to pay you to create a solution?

You can even design a simple solution to these problems & tell your friends about this "cool company you found".

If they ignore it, keep digging.

If they're willing to pay for it, you might have something very interesting...

3. See the market from the perspective of a buyer

One thing I like to do:

Go into sites like Flippa, Microacquire, and Empire Flippers.

This is a great way to learn about

>other industries
>how they acquire customers
>what their costs are
>how they do their marketing

You can learn everything about a business (which can give you some ideas for YOUR business).

I don't come up with new ideas...

I copy existing ones, then use my background in sales and marketing to get new customers.

4. Partner up with big influencers that have an audience

Partnerships are awesome.

You can use your partner's audience and use the 'audience-first approach to sell them something (because they already trust your partner).

@blackhatwizardd and @Saaswiz did this with ContactEcom.com.

Two partners with complementary skills partnered up to launch a simple SaaS that solves a big problem.

You don't need to learn new things - you need someone who knows what you don't.

Enjoyed this thread?

Then you'll love what I have in store for you over the next few months.

I built UpLead, a business valued at $75 million... and now I'm sharing everything I've learned along the way on Twitter.

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I share threads weekly on SaaS, Startups, Cold Email and Entrepreneurship

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I share threads weekly on SaaS, Startups, Cold Email and Entrepreneurship

Follow me if you'd like to see more of those ;)