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What is the most important aspect of developing a SaaS product?
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Chameli Kuduva
To put it in simple terms - 1. understand your ACVs and how many customers it would take to hit every revenue mark 2. What do you have planned to increase ACVs over time
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Being able to put in the consistent time and effort into actually achieving your ideas rather than daydreaming.
@richard_gao2 completely agree, many times people just get into planning and do not jump on actual execution
@binay_singh2 that's the only thing that makes enhancements to the product
Lovely thread. Great recommendations overall. My 2 cents:
Good design is a make-or-break factor for SaaS products. You need to delight your users — if you don't then someone else will, and they will win against you eventually.
@manas_sharma It's a saying your product must give wow moment to all your users
Loving this thread so much, thank you @soumya_chaturvedi. A lot of gold nuggets. My favorite is from @imtiyaz922, talking to customers is key. Building and preparing for a product hunt lunch with my buddy @zenghoulim, (https://www.producthunt.com/prod...) looking forward to apply lessons learnt.
@soumya_chaturvedi @imtiyaz922 @hubert_chan1 Yeah great stuff! Users are literally who we're building for at the end of the day and it is critical that we get feedback. There's a fine line to draw though - ask too many questions and you'll end up building a faster horse and not a car.
@hubert_chan1 Your most welcome... This thread was really helpful for me too
The most crucial aspect of developing a SaaS product is creating a user-friendly, intuitive, and reliable experience for the customer. Developing a product that is easy to use and provides a positive user experience is essential to the success of any SaaS product.
Been in Micro SaaS space with https://microsaasidea.com
Below are three most important aspects
- Enjoying what you are doing
- Not losing the momentum
- Maintain consistency
- Be ready to experiment and adapt
Problem validation
It took me 2 pivots and 10 months of building while building my first saas tool to have a customer.
With eventhq, time to mvp launch is 8 weeks and we have 6 enterprise companies ready to pay and use.
What was different this time around was, we narrowed our problem and spent 4 months talking to our potential companies asking what they would like to solve and how much they would be willing to pay
@hari_pragdish Talking to customers, hearing their feedbacks helps a lot in product evolution
Just because it works in the first instance doesn't mean it will work in all.
Analyse the attributes of the first successful customer and try to find new clients that share the same essential attributes. eg. is the niche of national scope
I'd say trying to limit your natural expansion desires to working only on what you can realistically achieve. At least what I'm working on right now
The ability to meet different customers' requirements, is also the most challenging part
@rebeccatany It's most challenging but the foremost important thing as well
👋🏾 Hi @soumya_chaturvedi, thanks for your comment!
Yes, it certainly can come second. There is no silver bullet approach, as I'm sure you know.
However, I would like to advocate for search volume & search trends as key tools for planning and pre-promoting, not just for go-to-market motions. For example, comparing Google Search Trends of "Figma" versus "Invision", gives me a clear signal on which API integration that I may want to prioritize. And volume in SEM Rush helps me understand..."is this problem really large enough and worth solving?"
Finding the right target market and positioning of product in market based on that
@sewell_stephens Yes website/ landing page should be put up so well that it tells about the product
