We get many of the same questions when talking to clients about turning their ideas into businesses, so we’ve put together this complete guide to SaaS platforms
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The Complete Guide to SaaS Platforms
1. We get many of the same questions when talking to clients about
turning their ideas into businesses, so we’ve put together this complete
guide to SaaS platforms.
2. What is a SaaS platform?
If you are thinking about building an app or website, you may have heard the term “SaaS
platform,” but what exactly is a SaaS platform?
The term SaaS stands for software as a service solution. The easiest way to describe a
SaaS platform is by saying it’s “software sold as a subscription” or “software accessed
through a web browser.”
This means that if you are planning on building some kind of application, the SaaS model
is probably your best choice – anyone in the world with an internet connection is a
potential customer.
If you think about it, many modern-day “websites” are actually SaaS products.
Netflix, Dropbox, Google Apps – they all provide some sort of software as a service.
Now that you know what SaaS is, let’s look at some of the advantages and benefits of
building a SaaS platform.
3. Why Should You Build
a SaaS Platform?
Building a SaaS product
instead of “traditional”
software has many advantages.
The main advantages of
building a SaaS product are:
•Monthly Recurring Revenue
(MRR)
•Flexibility
•Future-proofing
•Taking advantage of the cloud
•Opportunity for a big exit
4. SaaS Solutions Are Flexible
SaaS is flexible. The ability to create a minimal viable product (MVP) is another great
advantage of building a SaaS platform, an entrepreneur has the ability to listen to
customers and develop an application that will make sales right away.
This is a great alternative to traditional software where an entrepreneur or business
would spend months or years developing software only to find out that customers aren’t
interested.
With SaaS, the entrepreneur has the ability to make a much smaller investment at first.
After building out an MVP and getting customer feedback, the entrepreneur can then
add features to the platform while at the same time receiving cash flow from current
customers.
When done correctly, SaaS development pays for itself.
5. User Benefits of SaaS Platforms
Customers prefer the SaaS model over traditional models because:
Lower capital investment
SaaS is flexible
Ability to access the software from anywhere in the world
Similar experience to browsing the web
Ongoing training
6. SaaS Requires Lower Capital Investment
Customers love buying from SaaS companies because of the much lower initial cost.
Because the costs of using SaaS apps are spread out over time, customers have the ability
to use your product and have more capital on their books.
This is great for customers because they have the option of subscribing when they need
the service and then canceling the subscription if they no longer need it.
7. How Are SaaS Platforms Built?
Here at BitCot, we have developed over 100 SaaS platforms and applications. While
turning so many ideas into businesses we have developed a five-step process for
developing SaaS platforms.
Discovery
UI and UX
Development
Testing
Launch
8.
9. What Are You Waiting For?
The SaaS market is predicted to hit $100 billion this year. Major companies like Microsoft
and Adobe are already building and using SaaS applications.
The future of software and tech is SaaS.
Are you ready to build a SaaS platform and get your piece of the pie?
When you’re ready to build your SaaS platform, contact us for a free consultation.
10. Thank You
BitCot, Inc., an award-winning, innovative, technology-driven, mobile cloud software
development company is located the northern hills of the city of San Diego.
Contact us –
support@bitcot.com Visit- www.bitcot.com
+1 888-585-7988