Table of contents
Hey there!
Have you always wanted to become a tech startup founder or build your own SaaS?
Or you already have one and are not sure if it will ever be successful.
Well… You can decide whether it's going to be successful or not, by avoiding this #1 rookie mistake 💯
When you talk about building a tech startup or SaaS what's the first thing that comes to your mind?
Most of the time, you start thinking about the product or what you have to offer.
That's where you fail.
Yesterday
I was having a chat with my team and I asked them the question – If I gave you 30 days to prove that your tech startup/SaaS is going to be successful, what would you do?
The answers that came from the marketing team and the software development team was completely different.
The software development team's answer was…
We would try to find competitor apps, see where we can find create an edge and build an MVP of the app in 30 days.
The marketing team's answer was…
We would build a landing page or something and promote it on social media to see if there is an interest among people for the idea.
Both teams were wrong ❌
The correct answer is quite simple and is just 2 words.
Can you take a guess?
⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐ ⭐
It's "Paying Customers".
If
If you cannot get a single paying customer for your supposed SaaS, then it's never going to be successful because you're never going to generate revenue from the SaaS.
There was this video by NoahKagan– Founder of a multi-million dollar SaaS "AppSumo" on building a Million Dollar Startup in 24 Hours.
In his video, the first thing he did was analyze the business idea and figure out a business model and the second most important thing he did was get a few paying customers.
It can either be your friends, colleagues, or anyone you believe could get value from your SaaS.
If you manage to make $100 in the first week by pitching the idea without actually having the app, then its a matter of time until you build an MVP and scale your SaaS to $1000/month, $10,000/month, and even $100,000/month 🚀
Let me give you a challenge 🔥
- Brainstorm 5 SaaS/Startup Ideas by yourself and write it down.
Figure out a business model (way to generate revenue for the business) – It can be a monthly subscription, a one-time fee, or whatever you think suits best.
Pitch it to your friends/family and try to make $100 in the first 7 days before you even start focusing on building the product
If you succeed in making $100, build an MVP and share it with your paying customers. Get feedback from them, and improve.
Launch your startup 🚀
📝 Note: Keep in mind that it doesn't have to be $100, it can either be $50 or even $500 it just depends on how much valuable the product is going to be for a customer.
Looking forward to hearing your SaaS/Startup ideas ❤️
Love your beautiful face,