If you are planning to take advantage of the lucrative field of SaaS application development, these suggestions will get you started on the right track. We’ll now dive into the specifics of creating a SaaS app from scratch.
How to create a SaaS application from scratch
SaaS application development is now a booming trend. There are hundreds of SaaS applications released each day in the app stores. If you’re looking to understand how to create an excellent SaaS application that can stand up to competitors, then read this article?
Step 1: Conduct market, competitor and client analysis
SaaS application development is increasingly dependent on cutting-edge technology such as AI, Machine Learning and immersive technologies. Get to know the most recent trends in technology before beginning the process of identifying your product. If you want to build a vertical SaaS application, it is important to understand the current trends within your target market segment. As you develop your SaaS app concept, it is important to learn the most about your intended customers and their requirements.
Competitor analysis is an essential part of the process of creativity. Review the applications currently available on your market and identify your competition and identify their weaknesses so you can better meet the demands of customers.
Step 2: Select your app’s monetization strategy.
Before you begin to develop your app, it is important to have a clear idea of the SaaS app’s monetization model. The revenue model will determine the design and features of your app, so it is essential to have it in place before constructing your app. In addition, knowing your target audience will help you figure out how much your users are willing to pay for your app.
Numerous tried-and-tested application models work for SaaS apps.
The Freemium model allows your app to download. However, the premium features are only available for a fee. Cloud storage providers like One Drive or Dropbox will provide a certain amount of free space and charge fees for expanding your storage space.
Selling fees and transaction fees can be used to aid digital marketplaces in monetizing their services if users make money with your application and pay you the commission. In addition, you get a transaction fee from any money transfer. This model is used by freelance platforms such as Upwork to earn revenue.
In-app advertising is also a popular monetization method for SaaS applications. Users can access free app services for viewing commercial or advertising videos, while the app’s owners earn money for advertisement views and clicks. For instance, a woman’s health app might offer free advice and insights while advertising private gynaecologists or fertility clinics.
The subscription model is best for those developing an application targeted to a specific niche. After a short trial, users will be provided with a monthly, quarterly or annual subscription. This type of model is ideal for earning revenue when customers perceive your app to be a distinctive business value. In addition, you can mix and match different methods of monetization in your app. On top of that, you can also benefit from analysing and selling data your app generates and collects.
Step 3: Make a plan for security and reliability ahead of time.
While it is as profitable as the use of SaaS to run your business could seem, however, the software as a service model is also connected with security risks and reliability issues. SaaS applications are distinct from traditional apps. SaaS apps run on the cloud, so it is essential to choose a dependable cloud provider.
Reputable cloud service providers like AWS will do everything they can to protect their customers’ data. They go above and beyond to ensure data integrity stored in their data centers and employ the most secure practices.
Multi-tenancy is a frequent issue when using cloud services. Multiple customers using an application puts certain requirements on the SaaS application architecture. Therefore, it is important to choose the right design for your SaaS app and that data is encrypted and backed up.
Step 4 – Prepare for integration with third-party providers.
SaaS software must be able to effortlessly integrate with other tools and applications, especially in commercial use. It should, at a minimum, have open APIs available to third-party developers so that they can access the code and integrate it in conjunction with other software. Pay specific attention when choosing an open API architecture to ensure security and reliability.
Step 5: Select the technology stack.
You will need to choose the most appropriate technology for your application backend and front end, storage for backend and the application server to build a SaaS platform.
- For backend storage, SaaS developers frequently make use of databases such as MySQL, MongoDB or PostgreSQL.
- Nginx is typically the most effective choice when it comes to SaaS Application Servers.
The most important thing to take into account while selecting the best tech stack is the scale of your venture, the maturity of technology, as well as integrations with third-party platforms.
Step 6: Make an MVP
MVP is a shorthand for a minimum-viable product, i.e., an evaluation version of your SaaS app with basic capabilities. An MVP aims to serve as a proof-of-concept and give stakeholders and users a glimpse’ of your product. MVP is also designed with a minimum budget, which lets you test whether the market will accept your product without incurring a heavy cost. You may also alter your technology stack or your development method at this point during the process of developing your product.
Step 7: Begin the development
Keep in touch with your development team throughout the development process to ensure that you share the same goals and vision regarding the features of your product. It also makes sense to start a pre-launch advertising campaign to establish an audience of users who are anticipating the launch.
Step 8. Production and maintenance
The app can be published and released after being tested by the QA team. The user-acceptance testing, the method of testing your app using early adopters, lets you observe how the market responds to your app.
You commit to the continuous maintenance and upgrading of your SaaS app when you create it. The users that have your application installed on their devices should have access to the latest app updates, as well as 24/7 technical support.
SaaS applications have many distinct advantages over traditional software, including less expensive subscription fees and access to more people, greater availability, 24/7 tech support, scaling on-demand, and more technical support. However, it’s not an easy task to build a SaaS application. Along with choosing a trustworthy cloud provider and deciding on the ideal technology stack and app design, it is also difficult to determine the amount and type of tech talent available.
It could take a few months to create an expert team with strong SaaS experience. This could potentially result in your business losing its competitive edge. This is why working with a pre-vetted software development company with a track record of success in building SaaS applications is an ideal alternative to creating an in-house team for SaaS development.