Software as a service (SAAS)
Product development
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SAAS is the current. SAAS is the future.
Empowering Tomorrow: SAAS Today, SAAS Forever.
SaaS term which is also called Software as a service has become so popular in last one decade. The biggest concept of the SaaS is to sell the product as a service and charge on recurring basis whether it is daily, monthly, yearly or any other repeated payment terms. As a saas business, you will always reap the fruit of your income through the journey of that product while in traditional product and service offer, you only charge one time.
If you have an inhouse SAAS team or a partner development team who have setup everything for you whether it is to setup full stack developers, designers, DevOps or product manager, the development and maintenance of the SaaS product becomes so easy to manage by you as an owner.
The SaaS product development lifecycle also allows you to increase or decrease your resources, infrastructure, team size or other expenses based on your business growth.
Why should you choose to develop a SaaS product?
Empower Your Business: Elevate Efficiency and Scalability with SaaS Innovation!
SaaS product has many benefits compared to traditional software development. Let us point out some of the important benefits of having a SaaS product:
Scalability
The architecture of a SaaS product helps you scale the product up or down at any point of time. If you are running a SaaS service, and you know there is a peak season of the business you can scale up your server infrastructure, your bandwidth, your staffing while if it is an idle season then you can quickly scale it down.
Cost-effectiveness
Because SaaS product is scalable, it is also cost effective. You can offer a minimum monthly subscription to your customers to use your product while if it is a non-saas product you will always have to charge more to meet your sales expectations and cover your cost.
Continuous Updates
SaaS products always follow the continuous development life cycle that means development, new feature, stability enhancement etc. never stops. As a consumer, they always receive everything up to date.
Global Accessibility
If you develop a non-saas product you are limited to geographic restrictions while Saas always you the break this chain and become a global service provider for your customers. No matter from where they are, if they want your service, they can subscribe to it.
Competitive Advantage
When you have a Saas based product, you already get a competitive advantage and better control of pricing, customer acquisition, feature launching and product life cycle better than your competitors.
Customer Satisfaction
SaaS products are known for continuous development and regular updates, better communication and customer service, these are the attributes which satisfies the clients expectations.
Data Analytics and Insights
Every Saas product has its own dashboard for data collection and analytics. The various analytics and insights shows the exact picture of everything related to your business whether it is no. of subscription per month, customer service tickets or client satisfaction. Everything is presented in front of your eyes.
Works.
THINGS WE'VE MADE
Steps Involved in SaaS Product Development.
From Concept to Cloud: Unveiling the Seamless Symphony of SaaS Product Development.
The Saas model is not a one-time plan-it-all model. It’s an iterative model which needs continuous changes and adaptation from the user feedback and demands. Here are some of the most important aspects written to plan a SaaS product development:
Market Research
Do a thorough market research about the target audience, their requirements, pain points and study some competitors. This will help you to define a unique selling point as well as the viability of your product.
Define Product Scope
Define your SaaS product features, functionalities and user experience very precisely. Create an in-depth long-term roadmap to outline the development phases to prioritize the key features, functionalities, financial growth model with achievable timeline.
Design and Development
SaaS design should always be visually appealing and user friendly. Leverage the agile way of development methodologies to build the product in an incremental way, iterate it timely based on your user feedback and suggestions and communicate with your user base whenever something is coming.
Infrastructure Setup
Plan and establish a fully scalable, safe and secure infrastructure to host your SaaS based product. Consider going with one of the industry’s top hosting and infrastructure providers like Amazon Web Services (AWS), Google Cloud Service, or Microsoft Azure.
Testing and Quality Assurance
Setup a three-way testing for your SaaS based product. You should have a QA tester in your team for manual testing, an automated testing script to run anytime, your company’s internal employees and your private (VIP beta userbase) customers.
Deployment and Launch
Create a full marketing strategy to launch your product by generating buzz, creating a list of beta users, social media, content marketing and all other verticals of marketing to start promoting your SaaS product.
Post-Launch Support
This is one of the most important part of a SaaS product, after launch you should always have a good customer service team to handle customer technical and other issues, a development team to fix any bugs and critical errors appear etc and meet your customer expectations.
Following these steps will enable you to effectively navigate the journey of SaaS product development. Flexibility, adaptability, and a focus on the customer are essential elements in the development of a successful SaaS (Software as a Service) product.
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clients
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Industry sectors
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Client Retention
What’s your stack.
Utilize a team to develop your digital products using the technology stack of your choice
Our technologies:
ReactJS, React Native, PHP, Node, Python, MySQL, Oracle, Laravel, shopify, Swift iOS, Java Android, HTML, CSS, Bootstrap, etc.
Challenges encountered in SaaS Product Development.
Navigating the Digital Frontier: Unveiling the Challenges in SaaS Product Development
Creating a software-as-a-service (SaaS) product presents distinct obstacles that necessitate meticulous deliberation and strategic preparation
Security.
As a SaaS business owner, the top priority of the product is to keep it secure all the time as you store customers data. Security measurement ensures that data encryption, access controls, and regular security audits are in place to safeguard sensitive data and fulfill the trust of your customers.
Scalability.
Implementing a highly scalable product architecture is a key of success for you as a SaaS entrepreneur. This makes sure that your complete architecture is on demand basis, and you can up of down the infrastructure based on your customers’ demand. This helps you financially to perform better.
Integration Complexity.
Keep your Saas product well documented, API well written so you can let other system integrate your product functionality or data the way they want. This will help you support outside products and make your market bigger. This all ensures a smooth data and functionality exchange between the systems.
User Adoption.
Persuading potential clients to transition from current solutions or embrace a new product can pose a notable obstacle. To address this challenge, allocate resources towards efficient marketing tactics and ensure clear articulation of the distinct advantages offered by your SaaS product. By showcasing the advantages, financial savings, and enhanced productivity it brings, one can effectively address any reluctance to change and encourage users to embrace it.
By meticulously strategizing, paying close attention to every detail, and prioritizing customer satisfaction, you will be able to expand your userbase significantly. Taking proactive measures to acknowledge and comprehend these challenges can guarantee a more seamless and prosperous experience in the development of SaaS products.
Avoiding Common Pitfalls in SaaS Product Development.
Navigate Success, Evade Pitfalls: Crafting Excellence in SaaS Product Development.
Overcomplicating Features
Do not overcomplicate a thing which can be done easily. That means if you want to catch your left ear with your hand, do not use your right hand, try left hand to catch your ear, which is an easy way and smaller path to achieve that goal. Do not overwhelm with tons of features and users demands every day, make a plan of important things and execute it based on the bigger demand.
Neglecting Scalability
Do not neglect scalability. Sometime negligence in scalability result in a down performance of your product and decreases your customer satisfaction and reliability over the product. It also affects the user experience. Do not neglect it and do not overdo it.
Insufficient Market Research
One of the biggest errors that most of the entrepreneurs make is to do less marketing research and launch their product in the market without even knowing the right audience, demand or competition. One should always do a thorough research and analysis before even developing the product.
Inadequate Testing Procedures
Don’t neglect or overlook the testing phase of your product. Dedicate more time and resources to do a comprehensive testing to deliver a high-quality product that performs tremendously and meets your users’ expectations.
By paying close attention to these errors and making a conscious effort to steer clear of them, you can greatly enhance your prospects of creating a prosperous SaaS product that appeals to your intended audience and offers a flawless user interface.
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Important Factors That Affect the Cost of SaaS Product Development.
Decoding Efficiency: Unveiling the Key Drivers Influencing SaaS Development Costs
When approaching the creation of a SaaS product, it is essential to take into account the different elements that may impact the total expenses of your SaaS startup. Having a thorough comprehension of these factors is essential for effective resource planning and allocation. Let’s discuss some of these important points:
Feature Complexity.
The number of features and functionalities, the complexities to development, directly increases the cost of your development. A product which has tons of features, UI and UX elements costs much more than a product which just performs per the user expectations and small.
User Interface and Experience.
Investing in a well-designed user interface, a super UX experience, can greatly increase the cost of your development. However, having these features also wins the confidence of your users and satisfies them with their expectations. If your budget allows, we will definitely recommend to have the UI/ UX part the most powerful part of your SaaS application.
Integration Requirements.
These days every saas platform needs to offer some sort of API to the third party so the data and functionality can be exchanged. Also, Saas needs to have some sort of integration option where they can integrate many popular platforms to show the data from them to theirs Saas to make the product more valuable for their customers. However, all these things cost money and time for the development.
Infrastructure and Hosting.
The selection of infrastructure and hosting provider can have a significant impact on expenses across various dimensions. Cloud-based hosting platforms, including Amazon Web Services (AWS) or Microsoft Azure, provide economical and easily scalable options for SaaS products. The overall cost can be influenced by factors such as the scalability requirements, data storage needs, and the pricing model of the selected hosting provider.
In order to make well-informed decisions, it is crucial to thoroughly assess your hosting choices and evaluate your scalability requirements. By taking these factors into account early on in the planning stage, you will be able to effectively estimate and allocate resources for the development of your SaaS product. Achieving a harmonious combination of feature intricacy, UI/UX factors, integration needs, and infrastructure choices while taking into account your budgetary limitations will enable you to develop a prosperous product that satisfies the expectations of users and business objectives.
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Ben Choudhary
FOUNDER & CEO
Ben (Bhavesh) Choudhary, a science and technology graduate, has 15+ years of experience of handling the technology department which includes Artificial Intelligence, Ecommerce, Mobile, SAAS and DevOps.
Success Tips for Building Exceptional SaaS Products.
Elevate Your Software, Elevate Your Success: Unleashing the Power of Exceptional SaaS with Proven Tips.
Creating a successful SaaS product necessitates the adoption of a tactful strategy and precise implementation. Let’s us delve into this topic to get some exceptional tips
Listen to Customers
Engage with your customers on a regular basis. Listen to their needs, requirements, pain points, feedbacks and suggestions and incorporate these into the product roadmap. Also, keep your customers up to date about any new feature is coming or any requested feature is worked upon.
Prioritizing all this increase the loyalty, satisfaction, and drives product improvements.
Focus on Usability
Prioritize user experience (UX) by developing your product easy to use. Invest in best of the industry UI designs on the basis of modern standards. Also, when any of the new UI or UX elements launched, make sure to give the access to your VIP or closed group users first to give you the feedback and then only make it available for general public or the bigger userbase.
Embrace Agile Development
In Saas product development, you should always adopt the agile methodology. This helps you make quick iterations and responsibiness according the market needs and customers requirements. Divide your development into manageable increments and releasing value based features frequently.
Build a Strong Support System
Offer exceptional customer service by promptly addressing any concerns or issues raised. Create effective means of communication such as email or live chat for streamlined interaction. In a professional manner, effective support showcases dedication, improves the user’s experience, and reveals potential areas for enhancement.
Measure Relevant Metrics
Establish important measures that are in accordance with the objectives of the product, including user engagement, customer acquisition cost (CAC), customer lifetime value (CLTV), and churn rate.Consistently examine these statistics to make informed choices based on data and acquire understanding of performance.
Collaborate Across Teams
During a workshop that we conducted, a customer expressed dissatisfaction with the regular occurrence of product delays and the lack of alignment in features.We fostered enhanced cooperation among their product managers, UX designers, and DevOps engineers.After implementing this comprehensive strategy, their subsequent update not only met the deadline but also aligned well with their overall product plan, resulting in a notable decrease in post-launch modifications.
Iterate and Improve
Continuously refine and modify based on input from users and prevailing market trends.In order to remain competitive within the Software as a Service (SaaS) industry, it is important to consistently provide updates and introduce new features that cater to the needs of users.
Understand Your Tech Stack
In a routine assessment, a customer articulated their dissatisfaction with performance problems and breaches of security.We emphasized the significance of thoroughly exploring their technological foundation and consistently assessing it.After allocating a month to enhancing and conducting comprehensive evaluations, they observed a substantial 30% improvement in the efficiency of the system and a notable decrease in security weaknesses.
Prioritize and Plan
Identify desirable attributes for the intended users and strategize development accordingly.When establishing priorities, it is important to take into account customer feedback, market demand, and business objectives.In the realm of SaaS product development, the ability to prioritize tasks effectively is of paramount importance.
Implementing these suggestions can enhance the likelihood of creating a prosperous SaaS product that adequately caters to user requirements, provides an exceptional user interface, and nurtures customer contentment and allegiance.It is crucial to consistently take into account the feedback of your customers, give priority to user-friendliness, adopt a flexible approach, and establish a robust support network in order to drive your product towards achieving positive outcomes.
Services offered by Bizspice for a 360° SAAS Product Development.
Empowering Growth, Elevating Success
Project Consulting.
Have a great business idea for your next Saas product but don’t know from where to begin? Get in touch with us to have a detailed plan of execution, full consultancy and a thorough plan of execution from us.
Setting Up a team of experts.
Once you decided to go ahead with us on you next Saas product development and signed a contract, let us build a team of experts to work on this development life cycle. We will put the industry’s best talents on your project who have tons of experience in developing similar products.
Setting up the infrastructure.
Our DevOps will make a complete plan and then execute it to setup your complete infrastructure to support the product for a long term on an scalable based architecture to save your cost from the beginning.
Start building the product (wireframing, design, development, different platforms). Once the team is ready, DevOps has done their infrastructure setup, our product development team start actioning on the product development. We will start with wireframes, UI and UX designs and then start developing your product on a modular approach following a scrum strategy based on agile product development for the saas product.
Deployment & Launch.
Once the minimum viable product (MVP) is ready, we will deploy it and let you test and make it ready for the market for a smaller user base first. Once the product is well tested, quality assured and approved by our client, we will put the product in a bigger scale for a broader client base.
Future Support and Maintenance.
Now, your product is launched, users are using, marketing is growing, everything as per the plan. Now you need our support to grow this product for a bigger mass, listen to your customers, start adding new features, functionalities, UI and other feedbacks into the growth path of this Saas product. Our continuous iteration on an agile basis for this product will help you grow it and outpaced compared to your competitors.
Growth Driven Development.
We 100% believe in growth-driven development. This allows us to understand your user requirements and demands in the market and help us make the product more and more valuable to your customers. This also helps o save cost of not doing major product development for a giant feature which is not even tested in the market, and nobody knows the demand for it. This saves us huge by not failing.
Project Consulting
Setting Up a team of experts
Setting up the infrastructure
Deployment & Launch
Future Support and Maintenance
