Software as a Service (SaaS) is where you offer a software at a subscription, and accessible over the internet. These are sites like Google Docs, Dropbox, Salesforce, and Freshbooks. By offering a service and requiring a subscription in order to get the service, it opens you to many opportunities to earn a profit. However, coming up with one on your own can definitely take a substantial amount of time and work.
If you have friends or contacts who are developers then that’s great. Ask them to get one done for you. They cost a lot, though. Don’t be the guy who asks a friend to do his job for you for free or at a discount just because you know each other. You could also find a freelancer to help you get it done. It’s easier to find the freelancer you want now because of numerous online job marketplaces and their portfolios in their profiles. Those are some of your options. They still cost you money but at least you’re not trying to figure out how to do it yourself.
But you could also just cut down on development time by getting an existing one in an online marketplace. There are many out there that let you sign up for free. This takes away the burden of needing to find somebody you could hire, allocating some of the budgets to pay that person, and working with them to make sure it’s exactly what you want. You could just use that budget to buy a site; one that’s finished, functional, and fruitful.
What You Need
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Account in an online marketplace
Setup Steps
Sign up for an online marketplace. One of the most well- known sites to do that is Flippa.
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Sign up for an account at https://flippa.com.
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On the dashboard, click Websites on the upper area of the screen. You can choose any type of category you want to search from but it’s recommended to click on Established Sites and search from there.
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Type in SaaS on the keyword text box and click Search.
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Click on a site you’re interested in and read the details.
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Enter a bid amount or offer for the your chosen site > Click Place Bid or Make Offer.
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Check your won sites by clicking Sale Completion found on top for the link. You can chat with the seller directly about sale details.
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Make a list of specifications for the type of site you want.
Marketing Setup
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Create informative materials to help with your site like microtools, e-books and white papers.
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Put up a sign up page in specific areas that give users an “aha” moment.
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Set up an email drip campaign.
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Come up with a great onboarding experience.
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Offer free trial.
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Start a blog that gives users a better understanding of your nice and service.
Timeframe
Time to do: 1 day
Time to see results: 1 month
Additional Tips
Come up with one sentence that sets your business apart and put it front and center on your homepage.
Come up with call to action buttons like “Sign Up Now” “Free Trial” and “Talk to Sales”
Put up great pictures of your product or infographics to support your service.
Include videos like demos and testimonials.
Add your complete contact information and make it easy to find.
Potential Results
An existing website saves you the time and effort you would have needed to earn a tiny income in the first few months. You could generate anything from $500 – $1,000 a month after you get things set up.
