You’ve got an idea for a SaaS product, but where do you start? The first step is to determine what your product will be. This might sound like an obvious thing to do, but it’s not always easy because there are so many different types of products out there. For example, if you’re thinking about building a video editing app then you need to know how it should work before even considering design or development costs. And once you’ve decided on which features fit best into your idea then comes the challenge of actually building them!
Determining your product’s features
- Write down your own product’s features.
- If you want to test the waters, start with a simple feature like “addresses.” Then, list out all the different things that could be done with this feature: “Addresses” can be saved in a database (like Salesforce), emailed, printed on paper, and mailed by mail carriers—the possibilities are endless!
Hire a developer
Hiring a developer is the most important decision you’ll make when building your SaaS product. The quality of the code they write will determine how well your app works, and if it doesn’t work well enough, no one will use it!
The skillset required by a good developer varies greatly depending on what kind of project you’re working on. For example: if your goal is to build an e-commerce platform that lets customers buy products online without having to leave their homes (eBay), then hiring someone with experience building websites may be ideal; however if instead, you want something more like Amazon Fresh—where groceries are delivered directly from local stores—then hiring someone who specializes in developing applications for mobile devices might be better suited since those devices are connected 24/7 throughout the year via the internet everywhere except Antarctica where there hasn’t been enough research done yet about these types. It would be great if as a SaaS provider one should hire a software company.
Create a pricing structure
There are a lot of misconceptions and myths about how to build a SaaS product. One of them is that if you build it, they will come. This couldn’t be further from the truth.
In fact, it was Mark Cuban who first said this in 1995 when he launched Broadcast.com—a social networking site for radio stations nationwide. The idea was simple: create an online platform where listeners could interact with their favorite radio personalities or find out what songs were being played on other stations across the country (and the world). He didn’t even have an audience since there weren’t any other similar products at the time!
To make matters worse, no one had ever heard anything like this before either; so how could anyone know whether it would work?
Test, refine, and market your product
There are many different ways you can test your product. You can do a small pilot with a few people, or even gather feedback from an online survey that you build yourself. The point is to get some hands-on experience with how people respond to the product and what they think of it so that you can refine it based on their feedback.
Once all this is done, it’s time for marketing!
Creative and insightful ideas are just the start. You also need to know how to execute them which is where the battle is won or lost
As you begin to develop your idea, it’s important to think about the market and how you can solve it. You need to be able to figure out what your competitors are doing well and why they’re successful. If you don’t know who your competition is, then there’s no way of knowing what they’re doing better than yourself.
Once you’ve done some research into the market, it’s time for some testing! Test different versions of your product until you find one that works best (or better). Don’t be afraid of failure; sometimes success takes time as well as money spent on testing products before releasing them into the wild.*
Finally comes marketing—that tricky part where people actually use your product! The first step in marketing is creating an audience: find out who exactly would benefit from using yours (i.e., who needs something like yours?) Then come up with a message that communicates this need enough for someone else reading this article not only to understand but also believe themself capable enough financially speaking too…
We hope this article has provided some insight into the process of developing a SaaS product. In our experience, it is highly rewarding to take the time to develop unique and innovative products for our customers. It can be a long process but if you’re willing to work hard and stay focused on your goal then success will be yours! Good luck with your new venture!
I am a Tech geek and blogger, a seasoned freelancer, and my hobby is to enlighten my views and skills that will helpful for new inductions of the industry.