The SaaS business model has continued to gain traction across the globe. Even if you are a small business startup, embracing SaaS is the best alternative to hardware and software development.
The Computer Economics report says that 60 percent of all companies have now integrated some percentage of SaaS solutions into their business model. 36 percent of the businesses aim to increase their investment in SaaS in the coming months. Maybe it’s time you consider hiring the services of a SaaS application development agency for your startup, too.
It’s not just the business owner, the benefits exist for customers as well. If you haven’t yet considered a SaaS business model to design your business app, you must read this blog. Here are some ways it can bring success for your startup:
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Flexibility and scalability
Every startup wants to be successful. The secret ingredient is flexibility. Your business cannot survive in the competitive world out there if it’s not flexible.
SaaS apps allow you to choose a delivery model that is flexible. It can be changed with the change in your business requirements. Scaling the app is easier than ever. You can integrate new systems into the existing system as your business grows.
At the back-end, your app is being managed on the cloud. Therefore, you don’t have to worry about the infrastructure. You can scale your app to manage a huge amount of data from various sources. This gives you the flexibility to test a new project or user base in a less risky environment.
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Fast deployment
The selection and deployment of a business app are never easy. Even after successful implementation, time and efforts are the factors that keep on stacking up. For a startup, this ongoing maintenance and expense can cost a fortune.
If you choose to deploy a SaaS app, it’s faster and less expensive because you don’t have to deal with the installation and administration costs. An app that’s developed and deployed quickly enjoys a competitive edge. This will speed up business benefits as well.
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Hassle-free updates
If you follow a traditional app development protocol, you will end up spending a heavy amount of money on upgrades. On the other hand, if you have a SaaS product, the SaaS application development agency will manage the upgrades. You will have all the hours to focus on your core business operations. The security and functionality of your app will keep on improving in the background.
Most businesses put off upgrading their app to the latest version as long as they can because they cannot afford system downtime. SaaS removes this barrier. The upgrades keep happening and your system’s functionality is not interrupted.
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It’s affordable
Every startup wants to bring down its expenses. Choosing SaaS gives you that advantage. The lower infrastructure requirement and maintenance cost make it affordable. You can invest the money you are saving from IT spending into other areas of your business. You will still have a fully functional and secure app. Your business will keep on thriving. It’s time you contact a SaaS application development company right now to save money.
A subscription-based model offers flexibility in terms of licensing. It lets you develop an app full of rich features. It’s going to be super easy to use. If you want to extend the capabilities of the app, it won’t require much work. This saves cost and time and reduces investment risk.
The best thing of all – the app will continue to function smoothly even if the underlying platform is upgrading.
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Less friction in the sales cycle
Since SaaS app development is leaner, flexible and less expensive, you can charge an affordable price for your product. Most of the SaaS-based solutions are priced under $100 per month.
Your customers won’t hesitate to renew the subscription for your product. This would remove friction in your sales cycle. Eventually, your business revenue won’t stop. You won’t to wait for budget approval next time you plan on adding new features in your product.
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Recurring Revenue
For a startup, nothing is more beneficial than a SaaS business model even if it’s outsourcing SaaS an application development agency. It brings a recurring stream of revenue. As long as you keep churn in check, you can expect a steady income. This revenue could compound over time as the number of paying users increases.
Your business’s bottom line will increase and this would attract more investors. As a matter of fact, venture capitalists seek out startups with SaaS business models.
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It’s easier to support free trials
Some on-premises support this concept very well too but it’s a time-consuming job. With a SaaS app, you can continue delivering a full experience to your customers in minutes. Offering a free 7, 14 and 30-day trial is not a big deal.
Once the trial period is over, your customers can upgrade the product and even if it’s the lowest paid tier, that’s ok. This is extremely beneficial for startups that are fighting against the incumbent. The ability to try before you buy provides a different kind of satisfaction to the buyer. It removes risks and ambiguity buyers usually have in mind. This significantly increases the chances of generating leads.
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Higher adaptation
The ability to use SaaS tools anywhere in the world makes them easier to adopt than ever. When a user sees an immediate benefit from your SaaS product, they are more likely to engage. There are some SaaS products that have no tier at all. They are free and hence, employees don’t even need approval from their managers to start using them. Your SaaS product could have such a potential too.
A SaaS product can bring these a number of other unspeakable benefits to a startup. Give it a thought and hire a SaaS application development company if you must and switch from an on-premises model to a SaaS model.
Flexible pricing, shorter implementing time, improved scaling, high mobility, etc. make SaaS apps easier to adopt. So what’s your call on SaaS development now?