SaaS (Software as a Service) has been around for many years now and its popularity is growing with businesses and consumers every day. SaaS stands for ‘Software as a Service’. SaaS solves the problem of needing to provide an IT infrastructure to run your website, product, or service.
Every minute, someone opens a new SaaS business, and this $143.7B market segment is only going to grow larger in the future. It’s cool to think about how simple and affordable it is to get started with a SaaS-based business vs. the traditional brick and mortar approach.
Nowadays, we can just launch an app and we can reach people around the world! Of course, we still have to be smart about everything we do and how we market ourselves on social media if we want to succeed like many big corporations.
Running a Saas business is the ultimate way to turn your skillset/productivity into passive income. You can make money by building something useful, helpful, or entertaining for people to use.
The beauty of it is that you don’t have to be directly involved in the revenue generation. You could have hundreds or thousands of customers that are actually generating the revenue for you!
If you are new to the field of entrepreneurship, this is an awesome article for you. Here are top 10 SaaS ideas for building a successful startup in 2021.
Let’s dig in;
1) Marketing Automation Solutions
Marketing represents one of the key business drivers of any organization at any time and in every stratum. For any business, however it is defined and no matter its scale or amount of profit, marketing becomes a key weapon in all their competitive wars of the day.
There are many reasons why some startups fail. According to the 2019 research of CBInsights,
Marketing problems
lack of knowledge about customer needs
These and other business failures were sometimes caused by unhelpful products and services presented. Sales and marketing (S&M) activities are crucial for the success of any business’s sales or marketing campaign.
Hence, automated SaaS platforms are the solution. By deploying these platforms, S&M teams are able to oversee campaigns at all scales, monitor social media activity and evaluate performance.
2) Event management Saas – Event management SaaS idea is to create a platform where groups and organizations could invite participants for events through mobile apps.
The participants would have the ability to vote on different topics online after each lecture/tutorial, have multiple systems of payment options available, trophies given on results of votes on participant trophies.
3) Video editing & Rendering – The trend of using video in the content strategy is growing rapidly and seems to be heaven-sent for all entrepreneurs.
Let’s take a step back and look at the video marketing benefits; it has been found that 82% of users say they could trust a site more if it had videos and 74% of users say videos help them decide whether or not to trust a brand.
So video rendering and editing is one such promising field that can be built into a SAAS. Since video editing is so difficult to do well, it’s inevitable that SaaS will become more popular for this purpose.
4) Team communication and collaboration – A couple of years ago, everything about team collaboration was in the grey zone. It was not clear what was the technological trend here.
But now, when Spark and Zoom are jumping out, all these things become much clearer.
The SAAS idea is simple: team collaboration tools are about to get better, to explode in the future.
It has been said that by 2020, 50% of the US workforce will be remote. The number of Americans who work remotely jumped from 63 million people to 80 million in 2014 alone. This is interesting when you consider the fact that only 1.19% people worked remotely in 1995.
5)health checkup software – A health check application is one of the most affordable SaaS business ideas, which drives medical checkups for people. Whenever a customer comes in to use your service, a customized system would be set up, providing a way to get reports and other data about that customer.
It can easily be used by people for various services.
The SaaS that makes it easy for people to get customized medical checkups.SaaS makes it easy to get the medical treatment you need at a lower cost with millions of users.
6) Saas Accounting software – One of the most profitable industries is accounting. So successful that even powerful corporations and governments seek help from accountants and bookkeepers to manage their finances, taxes and to audit their expenses.
This leads to many lucrative opportunities for small businesses and startups in the accounting field and accounting SaaS software.
SaaS account software is something, which is in great demand for its numerous beneficial features. The opportunities include payroll management, tax calculations, invoicing, expense tracking, timesheets software, etc.
7) Softwares for social media management – How many people do you know who also spend 2 hours and 24 minutes a day using social media for personal reasons? It seems like a lot of time to be spending.
And are you aware that B2B enterprises spend nearly 4x more on paid content marketing than their SMB counterparts?
More importantly, B2B marketers know that the key currency in the modern era is audience and engagement.
This is why the popularity of “social media marketing software” is surging.
8) Sales tracking – The tracking of sales is a major responsibility that every company should undertake. Hence, there exist numerous platforms and apps to help you achieve this. However, tracking sales manually can cause a variety of problems like loss of efficiency and accuracy. But with the help of software the whole process can become a lot easier & more effective.
Implementing sales tracking software in an organization helps the company to allocate budgeting perfectly for sales promotion. This will direct to an addition in sales and profit-making.
And the reports generated by this app for clients are accurate and it also keeps updated data that corporations can use for future reference.
9)Customer Relationship tool – A great startup idea with the most required attributes is to offer customer relationship management software. It is in high demand, offers multiple products (one of them can be free), enough time for iteration, offers recurring revenue and does not require any further infrastructure.
These days, managing customers’ relationships and their behavior is much more complicated than it used to be. And with the rise of the internet, online companies quickly saw the benefits of using a Customer Relationship Management (CRM) tool.
In many cases, it’s a service that’s sold as a service or software as a service, allowing companies to outsource themselves from these tools rather than buy expensive hardware.
10) CV generator – Professional CV writing is essential for everyone who is applying for a new role. In today’s world, people rarely pay attention to the hard copy resumes received in their job application inbox, and they prefer receiving CVs from candidates in page format.
Creating a CV generator SaaS that stands out compared to other large platforms like reasume.io and Enhances CV where millions of users use them and have nearly identical-looking CVs could be a game-changer!
It would be huge with almost 100,000 users, but if you get to the top spot on the Google search results page, you might get millions of users.
The ball is in your court! – SaaS is a place where being better only gets you so far. It’s also thought that behind every SaaS product, there is a special structure of companies who build it, run it, take care of marketing – and the best one is the one that has become synonymous with its product or service.
So Have an idea for a SaaS company? Want to build an MVP and go to market even faster?
We can help you with product discovery and insights, including the first steps in SaaS startup creation.
The Coding Buddha is a team of experienced developers who can help guide you in developing your next SaaS platform.
So don’t hesitate to contact us.
