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I recently came across some videos on youtube, I have been inspired by some young entrepreneur
View: https://www.youtube.com/watch?v=ySw6C0WS45I
Like this 21 years old guy who managed to sell his No Code SaaS for Over 1 Million Dollars!
It does seem Fastlane to me...
Control ...Some might argue that you don't have control if you build your own SaaS on a proprietary platform, but, with some of these platforms you can export the whole database and code and so you can own the code yourself.
Entry: At the moment the space doesn't seem SOOOO overcrowded, up until now software had a huge barrier to entry, now with Low Code or No Code Saas it's been easier, sure, maybe in 5-10 years it's gonna be as easy as building a wordpress blog, but for now, i think there's still not enough knowledge and it's still something new, a possible trend that can be exploited in the next few years...
Need: There's for sure space for new, innovative, functional services, some that comes to mind is for example a better email list software that is cheaper, a better platform to post content across multiple platforms, better tools to track data on Amazon KDP for example etc etc
Time: The fulfillment itself of a software company IS the software itself, sure, you'll probably need human resourses such as developers, customer support (even if you can use AI chatbots at least in the beginning) but it can for sure be somewhat detached from you.
Scale.... Yes, it is extremely scalable, no doubt about this and the good thing about softwares is that you are building equity and as for now, softwares have the biggest multiplier for a big liquidation event, I've seen some SaaS that were making 6k revenue per month sold for 300k $...
REVENUE, not profit
What do you guys think of this relatively new world? Is it worth it to jump in it?
I am still evaluating which kind of skills I can acquire that could help in my Fastlane process, and No Code Development could be one of this new high demand, high leverage, high demand skills, you can start freelancing, then open a No-Code dev agency and then move to build your own thing after you start to generate some cash flow and acquire some experience, what do you guys think?
Like this 21 years old guy who managed to sell his No Code SaaS for Over 1 Million Dollars!
It does seem Fastlane to me...
Control ...Some might argue that you don't have control if you build your own SaaS on a proprietary platform, but, with some of these platforms you can export the whole database and code and so you can own the code yourself.
Entry: At the moment the space doesn't seem SOOOO overcrowded, up until now software had a huge barrier to entry, now with Low Code or No Code Saas it's been easier, sure, maybe in 5-10 years it's gonna be as easy as building a wordpress blog, but for now, i think there's still not enough knowledge and it's still something new, a possible trend that can be exploited in the next few years...
Need: There's for sure space for new, innovative, functional services, some that comes to mind is for example a better email list software that is cheaper, a better platform to post content across multiple platforms, better tools to track data on Amazon KDP for example etc etc
Time: The fulfillment itself of a software company IS the software itself, sure, you'll probably need human resourses such as developers, customer support (even if you can use AI chatbots at least in the beginning) but it can for sure be somewhat detached from you.
Scale.... Yes, it is extremely scalable, no doubt about this and the good thing about softwares is that you are building equity and as for now, softwares have the biggest multiplier for a big liquidation event, I've seen some SaaS that were making 6k revenue per month sold for 300k $...
REVENUE, not profit
What do you guys think of this relatively new world? Is it worth it to jump in it?
I am still evaluating which kind of skills I can acquire that could help in my Fastlane process, and No Code Development could be one of this new high demand, high leverage, high demand skills, you can start freelancing, then open a No-Code dev agency and then move to build your own thing after you start to generate some cash flow and acquire some experience, what do you guys think?
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