As SaaS advances, companies have a new way to create software through Software as a Service (SaaS). As a result, users can gain long-term, easy-to-predict profits only for the services they have utilized. You can extend your business with a SaaS app, and many excellent solutions have already been developed using this model in the modern market. Businesses of all sizes can benefit from SaaS solutions like G Suite, Slack, Salesforce, and many others.
However, why are companies and service providers so interested in SaaS apps? What is the process of building a SaaS? A SaaS platform costs how much to develop? Let’s take a look at how to build SaaS applications in this article.
What is a SAAS application?
The cloud-based Microsoft Office 365, Wix, HubSpot, Dropbox, Salesforce, SAP, Slack, Skype for Business, and many others might be familiar to you. All of these are SaaS applications, but they offer different things to the customer.
As a synonym for Software as a Service, SaaS stands for Software as a Service. It enables users to subscribe to and use a software product in the cloud and is one of three main categories in cloud computing. SaaS solutions can be accessed anywhere and by any device, whether at home, the office, or a public location. An internet connection with a stable connection is all they will need.
A SaaS app is also available by subscription, that is, you can pay per user for several months or a year and cancel whenever you wish.
A Guide to SaaS Application Development
Several stages can be identified in the SaaS app development process, each of which has specific purposes and goals. Let’s take a look.
1. Analyzing the market and validating ideas
SaaS applications begin with ideas, just like any other invention. To develop a SaaS app, one must first come up with an idea and validate it by conducting research in the market.
SaaS apps should be built with users in mind before their development begins. To make sure the app meets the needs of the client, it must also engage them in a regular payment pattern. A successful SaaS app requires extensive research and identification of your target audience before you pull out the toolbox. As a SaaS application is refined and fine-tuned, we will be able to make it more valuable.
A unique SaaS app will also be created by understanding your competitor’s weaknesses.
2. Develop a monetization strategy for your app
Choosing your SaaS app monetization method is another important step before developing your SaaS app.
Ultimately, your app’s features and architecture will be determined by the revenue model. As a result, deciding how the app will be monetized is very important. A good revenue model depends on understanding your audience’s needs. We recommend you know about these three tried-and-true app models:
Fees for transactions and sales: Digital marketplaces can monetize their services by charging transaction fees and selling fees. The user will pay you the commission whenever he makes money using your app. Money transfers also come with a fee called a transaction fee. Freemium models: Most SaaS applications are free to download, but their premium versions have additional features that you can access by paying. A few examples of such services are OneDrive and Dropbox. Advertising within apps: SaaS apps’ audiences are well-accustomed to monetizing with in-app advertising. App owners get paid for clicks and views on ads when users view ads or commercial videos from their apps.
SaaS apps’ audiences are well-accustomed to monetizing with in-app advertising. App owners get paid for clicks and views on ads when users view ads or commercial videos from their apps.
3. Collect requirements for the project
Knowing the market and understanding your target audience is crucial when building a SaaS app. Taking the time to analyze your competitors, their solutions, and their business models is a good idea.
A list of features must be created. They can differ. Basic and advanced app features are commonly divided into two groups. It is the basic features that satisfy the needs of the user that are known as MVP or minimum viable product. To engage more users, advanced features are added.
4. Optimize features and prioritize them
The importance of features cannot be compromised by adding too many or omitting them. If you want to add a new feature, think about what the impact will be on users and the number of customers who will use it. You can gain insight into user preferences by leveraging analytics or conducting a survey on the SaaS app’s usage patterns. A feature that is liked by more than 50% of them should be optimized. Consider eschewing a feature if only 5% of your users will use it.
5. Technology choices for SaaS
In addition to choosing the right tech stack, choosing the right framework is also important. It is necessary to develop client-side (front-end), server-side, and database components for SaaS. It is also necessary to consider the deployment of the back-end and cloud servers. Building a SaaS app is made easier by the availability of several frameworks and tools.
To develop a SaaS application with the features you want, you need to select the right tech stack. Tech stack selection must consider the app’s scale, maturity, and integration with 3rd party systems, as well as the app’s integration with other apps.
6. Start the development process
Once you have received feedback from the target audience, you can begin developing your app. It is now possible for you to adjust the pace to the audience’s preference and make certain changes.
To share the same vision about the app’s features and other things, it is a good idea to stay in contact with the development team consistently.
As part of your SaaS app’s success, you should keep up with the latest marketing strategies.
7. Monitoring & managing
The development team works best when it’s just coding and testing, under the guidance of a manager. Managing is the best way to know who should handle what and who can’t handle more senior-level tasks yet. The SaaS development process can be updated by this person.
8. Launching and testing
You need to test your product after deployment to make sure any bugs have been found and fixed. In addition, if you choose to develop a minimum viable product first, this process will be streamlined even further. It takes less time for your final product to be reworked because you test and fix issues during the MVP stage.
A SaaS application has many components that must be tested after it has been developed, including business logic, user interface, platform compatibility, scalability, data integration, security, and privacy. Further, the core features/solutions should be made more competitive by focusing on them not only for bug-freeness but also for quality.
It takes time, dedication, and technical skills to build a great SaaS application. Because SaaS applications are often complex, it is often a good idea to work with a team that understands what makes them successful. Keeping things running smoothly requires the team’s respect for your opinions and understanding of your vision.
You need to build your team based on the features you want in your SaaS application. Consult a SaaS development agency before entering the development stage to understand the complexities of SaaS development. Using this method, you can put together an outstanding team to handle all of your app’s requirements.