SaaS

Product-Based (Digital)

Barrier to Entry

3/10

Short-term Potential

1/10

Long-term Potential

4/10

Risk

3/10

Big Audience or Ad Money Required

No

Income Potential

$$$$

Salary Research

$0 - Unlimited

Pros

  • • Very scalable - once the software is built, it's built, and serving more customers doesn't mean it will cost you more
  • • Quite cost-effective, mostly just subscription fees such as hosting, support etc.
  • • Predictable revenue since it's based on subscriptions, and not one-time purchases

Cons

  • • Very competitive as there's already so many SaaS startups 
  • • If your SaaS has even a little bit of success, you will have to deal with a lot of copycats (general problem with digital products)
  • • Building a SaaS product takes a lot of time and effort before you even launch and start getting paid
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