Midas Advisory Services LTD’s Post

💡 The best way to build a SaaS? Solve your own biggest headaches and make it public. Think about it: if something is driving you crazy, there’s a good chance others are struggling with the same thing. Instead of waiting for someone else to fix it, why not create the solution yourself? When you build a product around your own pain points, you’re creating something real, something that actually matters. That’s what turns users into loyal customers. Stop overthinking the “next big idea”. Focus on solving what frustrates you most, and share it with the world. What’s a problem you’ve solved that others might benefit from? Drop it in the comments!

After 15 years in SaaS, here’s how I define “better product” “All you have to do is tell people about what it does and it gets bought.” Not what it is. Not what they will be after using it. Not how it’s possible. Just what it does. If this is not enough, it’s either a bad market (crowded, commoditized, too small, etc) or not a better product, which it turns out is pretty much the same thing. #solocapitalist

Don’t get attached to your SaaS product. Get attached to winning. Use these 3 stages to see if your SaaS is viable. 1. 𝗩𝗮𝗹𝗶𝗱𝗮𝘁𝗲: See if your idea is meeting the needs of your intended user 2. 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵: Is your customer hungry enough? 3. 𝗧𝗲𝘀𝘁: Work out if they are willing to pay for what you’re building Made it through these 3 stages? Now you can develop the product - and start properly investing in it. Would you add anything else?

If you have a free tier for your SaaS. But you're not getting enough free-to-paid conversions. These are the two biggest mistakes to avoid: 1. Giving away too much. 2. Giving away too little. Give away too little - they won't see the value. Give away too much - they won't pay. Struggling to find the right balance? Answer these 4 questions: 1️⃣ What's the most important feature they need to experience your product's value? Make sure they get the full experience of it. 2️⃣ Unique value is everything - what is your differentiator? Highlight it. 3️⃣ Which features are the 'hooks' that keep people coming back? Help them build habits. 4️⃣ What are the moments when people say "shut up and take my money"? Get them to those moments. Remember, the goal is to deliver just enough value that they can’t help but want more. It’s a fine line to tread. Give away too little - they won't see the value. Give away too much - they won't pay. #saas #productled #growth

Everyone knows pricing is important to a subscription business. Often it’s the reason that customers stay, or go.     But, how do you know which pricing model is right for you?    ❔What if you got a steer in just a few minutes? We’ve created a quiz to get you thinking about things like your circumstances, complexity, competition, scaling aspirations, and usage patterns.     These things do impact which pricing models will work best for you.     Are you curious about which models might suit you better, whether it’s freemium, usage-based, tiered pricing, or license-based?     ➡️ Here’s the link to the quiz: https://lnkd.in/ehv3aeSm #bluefort #saas #subscriptionmanagement #pricingmodels #recurringrevenue #subscriptionpricing #pricingcomplexity

Big changes are coming to the SaaS industry. Currently, the market is packed with complex bundled products.  90% of them have unnecessary features that users don’t even use. Companies do this to justify their high pricing and keep customers locked in. But that's all about to change. Here's what I think is going to happen: → We're going to see an influx of specialized SaaS applications. Instead of having one tool that tries to do everything, you'll have a whole set of smaller, more precise tools, each designed for a particular task. → Instead of being forced to buy a whole suite of features, people will pick and choose the ones they need. This will allow them to pay for only what they use. → With so many specialized tools available, it will become important for them to work in sync. We'll see a rise in the APIs and other integration technologies that allow different tools to work together seamlessly. This shift will benefit both users and developers. Users will gain access to more affordable, customized solutions, while developers can focus on creating truly exceptional tools for those niches. It's a win-win situation. The future of SaaS is all about doing more with less. Do you agree?

Day 55/365 of Building SaaS: Did We Keep Our Promise? At the start of June, we made a bold resolution: by the end of the month, we'd validate our product. If you've been following our journey, you know how committed we've been to this goal. Now, as June draws to a close, we’re excited to share that we’ve successfully validated our product. While this is a significant milestone, we acknowledge that the product isn't yet where it needs to be in terms of value. In today's competitive market, customers expect a lot for their $49-$89 monthly subscription. We understand that our tool must offer undeniable value to justify that cost. To meet and exceed these expectations, we're gearing up to introduce some powerful new features. These enhancements are designed to revolutionize lead analysis and provide our users unparalleled insights. Stay tuned for more updates as we refine and expand our offering!

Big changes are coming to the SaaS industry. Currently, the market is packed with complex bundled products. 90% of them have unnecessary features that users don’t even use. Companies do this to justify their high pricing and keep customers locked in. But that's all about to change. Here's what I think is going to happen: → We're going to see an influx of specialized SaaS applications. Instead of having one tool that tries to do everything, you'll have a whole set of smaller, more precise tools, each designed for a particular task. → Instead of being forced to buy a whole suite of features, people will pick and choose the ones they need. This will allow them to pay for only what they use. → With so many specialized tools available, it will become important for them to work in sync. We'll see a rise in the APIs and other integration technologies that allow different tools to work together seamlessly. This shift will benefit both users and developers. Users will gain access to more affordable, customized solutions, while developers can focus on creating truly exceptional tools for those niches. It's a win-win situation. The future of SaaS is all about doing more with less. Do you agree?

If you seek advice from a veteran about your SaaS, almost everyone will say: "Don't be cheap. Do not compete on price." However, most started with low prices and increased them over time. No matter how experienced you are, you're often wrong about pricing. It's all about trial and error. Sometimes you're right, but most of the time you're wrong. If your product is generic or lacks a solid USP, you can always compete on price. - Start cheap - Get clients - Collect feedback - Improve the product Once you have your USP, you’re set! Build fast, break fast, and don't shy away from competitive pricing. #SaaS #PricingStrategy #StartupGrowth #BuildInPublic #CustomerFeedback

This is the most underrated SaaS landing page: The comparison page. Here’s what happens when you write a good one👇 🏆 The goal of the comparison page is to show that there’s a new or better tool that’s disrupting the market. If you do it the right way, you can make your product seem 5-10x better while still doing a fair comparison. Also, it gives you another opportunity to back up all your claims with ratings & testimonials from companies who switched to your tool. Here’s an example of an amazing comparison page from ConvertKit (please avoid this mistake 👇) However, if it feels like it’s unfair and your product does every single thing better than any alternative it will feel very fake and have to opposite effect.