SaaS, also known as “Software as a service”, has become an essential component in the cloud service industry. It has built its necessity in the market. In this video, we’ll discuss SaaS and various aspects of SaaS product development. Let’s get to know more about it.
What is SaaS?
SaaS can be termed as a software solution capable of providing a remote service for programs that may be needed to run in the background for an organization. It allows users to use specified programs from a distance without actually getting it on the work device.
Working of SaaS
The SaaS provides cloud services that can work out to give access to pre-defined programs from anywhere. The only main requirement is an internet connection that will give access from anywhere.
A Short Insight Into SaaS Products Development
To have the potential of SaaS for yourself, there needs to be a SaaS Product that will allow you to grab its opportunities. Consider an already existing app, Gmail by Google.
It allows users to send and receive emails. But the email server is not of the users, it belongs to Google, and they manage it. A SaaS Product will work just like that.
Why Do Organizations Need A SaaS Product?
Organizations have a lot of tasks listed for themselves. But for management, it would become a headache to keep track of everything and would not be justifiable in the long run. A SaaS Product can do the job well.
Revenue Model Of A SaaS Product
A SaaS product development guide will carry out a subscription for its users, which will mainly consist of the following factors for revenue generation:
- Usage cost
- User-Count specific cost
- Cost for different tiers
- Flat rate or base cost
- Feature specific cost
- Technology package-specific cost
SaaS Product Development Guide- Step-By-Step
A SaaS Product requires several things to work together. Those are listed in the following points.
Get to know about different problems that already exist and require solutions.
Try to understand where you stand while providing a solution with better effectiveness than others.
Look out for your aim for the solution, make sure to do proper planning, and make a strategy that aligns with the solution.
Try to keep everything on a minimal budget in SaaS product development. It would eventually need to be increased due to certain changes that may be required.
Check whether your idea is already solved or in demand for a solution in the market.
Have a checklist that mentions all the requirements of the SaaS product to have a broad view of it.
After the prototype is complete, get yourself access to your SaaS Product so that you can identify potential errors and make changes accordingly.
Get the product launched and see how it performs in the market and how much it is in demand.
Gather the users’ feedback and thoroughly access the information provided to ensure the issues are addressed as soon as possible.
Make sure to add improving technological facilities so that it gains its user base further.
Are There Any Considerations Needed For Following These Steps?
These steps can lead to the success of your SaaS Product. However, a few considerations might be required after the launch.
- There has to be technological advancements.
- New upcoming facilities and future trends are to be included.
- The reach of the product needed to be maximized.
What Problems May Arise In The SaaS Product Development?
In the making of a SaaS product, the research for the ideas in the current market might become nonjustifiable for the future planning of the launch process. Other than that, few problems require a hefty amount of budget. Sometimes, putting a massive risk on such unlike product ideas is not worth it.
Test & Trial Of The SaaS Product
The following table shows what testing phases the SaaS Product would go through.
|Internal Testing||9 days|
|Alpha Testing||10 days|
|Beta Testing||14 days|
|Public Beta/Soft Launch||16 days|
|Full Launch||1 day|
The table here shows the timeline of testing phases for an average SaaS Product.
How To Recruit The Correct SaaS Product Development Team?
Recruiting the correct SaaS product development team would require an organization to choose members who:
- Have clarity while defining the skillset.
- Is seeking a similar experience.
- Can understand random technical errors.
- Can collaborate with others on their task.
- Have great passion in the field.
These people will have the best efficiency in developing a SaaS Product.
The SaaS product development is a complicated task that needs many considerations to be made. However, organizations willingly invest in this field as they see a good scope in it. SaaS Products do have their significance in the market and thus gain more trust from all organizations to compete with one another.
The Launch steps will make everything clear for any new organization wanting to get a good grasp of SaaS solutions.