Why SaaS Ideas Don't Matter

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  • Опубликовано: 5 сен 2024

Комментарии • 207

  • @seunoyebode
    @seunoyebode 2 месяца назад +17

    I guess this is the video Tobe mentioned in 15:49 - ruclips.net/video/RHnKfHA3KHg/видео.html
    Edit - it is in fact this video - ruclips.net/video/syTGYFlVHm4/видео.html

    • @tobebuilds
      @tobebuilds  2 месяца назад +3

      That's the same speaker, but here's the video I was referring to: ruclips.net/video/syTGYFlVHm4/видео.html

    • @gj4king1
      @gj4king1 Месяц назад +1

      thanks

  • @zjh976183
    @zjh976183 Месяц назад +107

    You immediately know when somebody is speaking of the reality not storytelling.

  • @WillMain3
    @WillMain3 Месяц назад +101

    I agree with scratching other’s people itches. But the whole point of scratching your own itch isn’t to launch a successful business, it’s to gain the motivation or confidence to start that very first thing. Like you said, perfectionism is fake, it’s okay to be imperfect by starting your first project scratching your own itch and showing yourself you can do something.

    • @thatryanp
      @thatryanp Месяц назад +4

      For sure. You're talking about a hobby project. Definitely choose something that you love, or that's useful to you. That's the whole point, right?
      I built an AI plugin for Obsidian canvas. Open source, I use it all the time, others appreciate it, great on the resume. Will never make a dime of revenue

    • @bramburn
      @bramburn Месяц назад +1

      @@WillMain3 I agree there a whole topic on this. Might cover it in my writings

    • @saleemali594
      @saleemali594 24 дня назад

      Gay

    • @nobytes2
      @nobytes2 17 дней назад

      @@thatryanpanything can make revenue if you consider that during design phase, you just need something people are willing to pay for if it solves A problem people will pay no matter what

    • @tobebuilds
      @tobebuilds  13 дней назад +1

      It took me a long time to understand your perspective, but it makes sense.

  • @angeloaad
    @angeloaad 2 месяца назад +23

    I usually don’t comment on vids but man this video packed so much value, as someone who’s majoring in computer science and has the entrepreneurial mindset this really helped me thank you!!

  • @ryanb2505
    @ryanb2505 Месяц назад +17

    This is better than most YC content I’ve seen because you give concrete examples. I’ve always thought I should building something unique, but I’ve realized that originality is not a selling point. I agree about scratching other people’s itch. You’re more likely to find real problems to solve that way.

  • @GigaFro
    @GigaFro Месяц назад +28

    Love your video :) Quit my big tech job as well and am a year in with $0 revenue. Seeing videos like these helps with the loneliness! Looking forward to your next one :)

    • @dmiradakis
      @dmiradakis Месяц назад +1

      Keep pushing, friend. 2+ years in at ~$1.4K MRR. Took over a year from day 1 of building for me to finally get my 1st customer.

    • @batlin
      @batlin 26 дней назад +1

      I'm almost 2 years in, also with 0 MRR. Learning a lot tho.

  • @alterego5985
    @alterego5985 Месяц назад +15

    this hits like a ton of bricks. I've been thinking about this video since I saw it yesterday. It made me rethink my whole SaaS operation and strategy. Thank you so much

  • @S3Tint
    @S3Tint Месяц назад +7

    Thank you for the video, only a couple mins in and I can relate with your findings. I own a SaaS business, 1.7k MRR so far but been building it for years solo also. I love the content, keep it up!

  • @PartSerenity
    @PartSerenity Месяц назад +6

    This a great video. No hype, no sales, just really good content. Thank you!

  • @WebDevSid
    @WebDevSid 2 дня назад

    Never stop doing these videos brother. Many unique perspectives and interesting takes. Just earned a sub!

  • @jakeunderland5258
    @jakeunderland5258 Месяц назад +2

    Liked and subscribed!!! You hit all of the points that I learned the hard way in my entrepreneurial ventures during school. Thankfully i moved to a company where many of these things are established knowledge but man was the revelation that i was doing everything so wrong a hard swallow. Still have friends who chase a thousand ideas without spending a minute of their time actually talking to users or discerning their true intent.

  • @thatryanp
    @thatryanp Месяц назад +1

    This is straight up preaching. Business idea fantasy thinking is universal. I experience it in myself and my peers weekly.
    Opportunities, not ideas. Customer knowledge, not cleverness

  • @kdietz65
    @kdietz65 Месяц назад +3

    Great video. The examples that you gave, while sound, have the problem that they are already dominated by large players with access to big capital, and may not always be exploitable by a solo entrepreneur.
    So, I would add to the attribute of what makes a viable SOLO SaaS business, market fragmentation. You want to look for a highly fragmented market where different users have different needs, and thus, no one single gorilla company has managed to dominate it. Then you can focus on a niche set of users or a niche feature set. Examples would be: project management software, documentation software, defect tracking, quality management, enterprise application integration software, report generation, pretty much any kind of software development tool, that kind of thing. Try to find something people are doing today with spreadsheets, and make an app for it.
    I'm talking about self-funded, bootstrap, solo entrepreneur ideas. If you're going to raise venture capital, then it's a different calculus.

  • @Musa_Supreme
    @Musa_Supreme 29 дней назад +7

    Respectfully, the top 3 SaaS' businesses to waste time building are: (0) social media platform, (1) job board, & (2) another to-do app. You're not solving any problems that have not been poured over 40,000 times before and joining entrenched giants with budget to buy & bury your product as soon as you are on the radar. This is not the year 2000. If you quit a well paying job, to build these types of apps it will be the delusion of grandeur that you need to assess. The proper way to build applications, is find the pain points by talking to customers, or find the behemoth and take one feature of their enterprise software and build the F out of that. Plus do your best to make it sticky ie something that the user might check into weekly or ideally, daily. Theres lots of other things to contend with and think of (like marketing) but thats the nuts and bolts of this thing. Just because you can write code doesn't mean you can get that product in front of the audience that needs it right when they need it.

  • @heysander
    @heysander 3 дня назад

    Great video. Totally feel you.
    I am in the process of selling my first SaaS, to create space for a new venture.
    Currently focussing fully on a new SaaS. Started building in december and the current product is so far from the initial idea. Got first customers in from the get go but was a long search for product-market-fit. This we hit last week. You feel when its there 🙂
    Now time to scale.

  • @leonsview
    @leonsview Месяц назад +1

    Fantastic video, Tobe! I‘m currently researching about the ideation process of solopreneurs as part of my thesis, and you managed to cover many of the insights I gained in 12+ interviews in just a 17min video - respect!

  • @Dikodance
    @Dikodance Месяц назад +5

    Hello from Russia. Thank you for the video! It’s very interesting! I am scanning customer needs on freelance platforms. There are plenty of ideas that clients are willing to pay for.

    • @massivesuccess4258
      @massivesuccess4258 Месяц назад +1

      What's the idea let's collaborate

    • @Dikodance
      @Dikodance Месяц назад +1

      I have come across many requests for highly specialized but not complex CRM. Now I am developing an engine for developing such systems. Without it, such systems will be very expensive to support. This is my pet project. I managed to make one system on it and implement it at my main job and at one event agency. I am open to cooperation. I develop in php and vue (but now I want to migrate from php to fastapi)

    • @massivesuccess4258
      @massivesuccess4258 Месяц назад

      @@Dikodance what's your insta id bro

  • @fulldeploy
    @fulldeploy Месяц назад +31

    One thing I will say tho is that historically, consumer products tend to scale the farthest and create more wealth than B2B. In fact many B2B companies will one day need to “cross the chasm” where they must appeal to a wider audience (eg: consumers).
    If we look at the comparison between Slack vs Discord, it’s clear that Discord has the legs to go the farthest since it’s fundamentally a consumer app, whereas Slack appeals to businesses.
    I’m starting to now see even businesses adopting Discord over Slack, but Slack can’t necessarily adopt the average consumer because they’ve cornered their brand as a business app from the beginning.
    This is the one danger of B2B.

    • @adoraduca
      @adoraduca 22 дня назад +2

      indeed, consumer markets are much bigger, but also also have less opportunities (less problems to solve). That's because consumer products covers peoples base needs, and you can imagine there aren't to many and there's much less variation between individual needs. Because you are basically addressing the needs of a biological entity replicated in billions of instances.
      But with businesses is different, there are a lot of variations, businesses differs a lot be the industry and specialisation in the industry. Therefore in B2C are fewer big opportunities and in B2B a lot more of small opportunities. So we see the positive correlation between risk and the opportunity size, something we expected actually.
      Big risk big opportunity, Small risk small opportunity. To sum up B2B is a better choice for a small entrepreneur.

    • @eyoo369
      @eyoo369 19 дней назад +2

      I disagree with this. Sure if you wanna scale in users to have far more reach. Businesses have no issue spending 100 - 10.000 dollar on software licenses per month but getting a consumer to pay just 9.99 a month will come with much more friction. Also your revenue-per-customer is gonna be relatively lower and your costs are much higher on servers and call centers to service all the consumers. If you look historically.. B2B companies have always had the most revenue outearning every B2C business model with the exception of Amazon.
      If you just look at the revenue of B2B tech companies / services like Oracle, IBM, Adobe, Microsoft Enterprise, Accenture, Cisco, AWS. They are all into the 60- 100+ billion revenue range. Then compare that to B2C tech companies like Spotify (13 billion), Netflix (33 billion), DuoLingo (550 million)
      Would you rather operate a business where you need to satisfy 100.000 consumers or just 50 business customers for the same revenue and a lot less overhead / pressure?

    • @tobebuilds
      @tobebuilds  13 дней назад

      I agree that B2C products tend to have a larger TAM (total addressable market). However, B2C markets are often highly competitive, where the biggest companies in a space may have venture funding. It's easier to find a profitable niche in B2B than B2C, because B2B prices are high enough for a bootstrapped business to break even without having to first acquire a large number of customers.

    • @funkdefied1
      @funkdefied1 12 дней назад

      B2B is absolutely the way. Your example may prove my point. Discord has a market cap of $15B, but Slack’s market cap is $26B.

    • @fulldeploy
      @fulldeploy 12 дней назад

      @@funkdefied1 Market caps are artificial since it’s based on stock prices and acquisitions. Meta has a $1.3T market cap, but that’s not because everyone loves Facebook. It’s because Meta made most of their wealth through acquisitions (IG and WhatsApp). Market caps do not equal total addressable markets or demand. Another similar example is Google, they have far more acquisitions under their belt than Meta.

  • @Xcution888
    @Xcution888 20 дней назад +1

    Great talk man. I believe you are talking real life scenarios. I hate all those get rich quick vids about earn millions by building a saas with no code. Which in reality they are making a RUclips vid like that as advertising content for themselves so they can earn money from RUclips.

    • @eyoo369
      @eyoo369 19 дней назад +1

      Most of those videos aren't true. No VC is going to drop money on a SaaS where the owner never wrote a line of code.
      VC's nowadays want to invest in engineering types and not in sleazy snakeoil types.

  • @stephanemartin3159
    @stephanemartin3159 Месяц назад +3

    16 min went by quickly. Well done for getting the message across quite simply and forward. Lots of content is just clickbait nowadays. Thank you for sharing your insight and experience

  • @alex-ander-13
    @alex-ander-13 9 дней назад

    Thank you so much Tobe for sharing out this resource of resources!

  • @redsymbol
    @redsymbol 6 дней назад

    Excellent video. Thanks Tobe. The insights in here would be worth charging for.

  • @gedw99
    @gedw99 13 дней назад

    So true !!
    I would add that it can be highly useful reach out to family members and friends that work in a specialised vertical market and doing some due diligence on what aspects are liked to work in their domains .
    It’s can be a huge increase in finding a problem to solve and have a friend that is your business analyst .

  • @shenghongzhong
    @shenghongzhong 10 дней назад

    thank you so much for putting this together! God bless you

  • @SuperNovaJinckUFO
    @SuperNovaJinckUFO 13 дней назад

    I love these straight-to-the-point, no bs videos! Good work! I'm subbed now :)

  • @jamess.2491
    @jamess.2491 Месяц назад +1

    The most important part is validating the idea. If you don’t have empirical evidence than your idea is valuable to someone, don’t start building.

  • @macchocolateatable
    @macchocolateatable Месяц назад +2

    Reminds me of a lot of the advice in Millionaire Fastlane! Nice vid!

  • @chaetom
    @chaetom 28 дней назад +2

    quality stuff Tobe! keep em coming

  • @SacrificialGoat94
    @SacrificialGoat94 Месяц назад +2

    Thx mate. Smart and to the point not flashy like other content creators.

  • @booyakashaWagwan
    @booyakashaWagwan Месяц назад

    Great video! Way more practical and down to earth than what most startup astronauts are pushing.

  • @NamanJain-cc9fr
    @NamanJain-cc9fr 3 дня назад

    I really like the video. I really struggle with talking to customers part so I'm gonna read your book recommendations and watch that video.
    However, I'd like to mention that you explicitly said boilerplates are a bad deal.
    There's a very famous indie hacker who has a boilerplate which does $70K/month. His name is Marc Lou. For some of us, That kind of money is retirement fund within a year.
    I think what you said is golden advice though. Subscribed :)

  • @emlincharly
    @emlincharly Месяц назад

    I honestly was not going to click on this video since I've seen so many like it before. I just wanted to leave a comment to note that I'm glad that I watched it and I got some really good takeaways from your experience.

  • @zacclifton5479
    @zacclifton5479 Месяц назад +1

    Good for putting yourself out there! Glad to see you moving forward after eating biscuits with you at Microconf!

    • @tobebuilds
      @tobebuilds  Месяц назад +1

      @@zacclifton5479 It was great meeting you!

  • @siddharthk9487
    @siddharthk9487 22 дня назад

    Thanks! Your video was very informative for anyone who want to do a startup. 👍

  • @wordpressadvisor
    @wordpressadvisor 29 дней назад

    Great video! Different stuff than the usual copy/paste ideas on Twitter in the indie hacking space. Talking with customers is a good idea. I'm a freelancer and I'm used to talk with clients, but I never figured out a process on how to actually meet and talk with customers, despite I'm familiar with the idea for 3 years now :D I have some anxiety about the risk of making people lose time on a call with me

  • @Darklaki1
    @Darklaki1 Месяц назад

    this is one of the best videos I've ever seen on RUclips. Cheers man

  • @mass13982
    @mass13982 Месяц назад +2

    Subscribed! Excellent points and great resources. Please keep sharing. Thanks.

  • @reddixskrull2451
    @reddixskrull2451 29 дней назад

    Hi, I really enjoyed your video. Minor critique at 08:20 you had a hard cut in the video. It really confused me and I replayed the video at this point a few times because I thought I have technical problems. Everything else in this video is very good. I think for some people it helps to orientate, for me it was more like a pep talk motivating to keep on developing my ideas that are more valuable and have more qualitative datapoints that lead to the idea even if they are more boring then the fun “maker/hacker sass pocs”!

  • @calvint678
    @calvint678 Месяц назад +3

    Start up a discord my man. Need more black tech inspiration like you in my life

  • @rustiverse
    @rustiverse Месяц назад +3

    brave video and valuable info for new comers. Nice.

  • @Nova-m8d
    @Nova-m8d 15 дней назад +1

    Competition doesn't exist for a saas app unless you make it exist by targeting the same traffic source.

  • @chissupa1
    @chissupa1 2 месяца назад +1

    I will save to come and rewatch it, every month ....thank you

  • @Kanar1e
    @Kanar1e 2 месяца назад +1

    Great points. Especially regarding talking to people and scale 💯

  • @golosbezdoka
    @golosbezdoka Месяц назад

    thanks for sharing, man. subbed.
    going back to coding my awesome product :)

  • @fulldeploy
    @fulldeploy Месяц назад

    Amazing talk. This talk was much needed for all first time founders. Subscribed!

  • @subomioluwalana
    @subomioluwalana Месяц назад

    Great video! But I couldn't just help to point the quick irony that two examples out of the Examples of Viable SaaS businesses were founded based on the founders scratching their own itches -- Shopify and Sentry.

  • @lucas.aguilar
    @lucas.aguilar 13 дней назад

    Awesome!! Thank you very much for sharing this knowledge!!!!!

  • @yasinark7419
    @yasinark7419 18 дней назад

    Thanks for speaking the reality and truth

  • @RobWalling
    @RobWalling Месяц назад

    This is a great breakdown, Tobe. Thanks for sharing with the community and congrats on hitting $10k! 🎉🎉

    • @tobebuilds
      @tobebuilds  Месяц назад

      Thanks, Rob! I recommended your book "Start Small, Stay Small" at the end. It was a great read early in my journey

  • @luqmandv
    @luqmandv Месяц назад +1

    Very informative video, been looking for this insight. Thanks man!

  • @LeighBriody
    @LeighBriody Месяц назад +2

    Insane value with no bs , subbed

  • @PriitKallas
    @PriitKallas 8 дней назад

    This is so good... I keep telling people that

  • @jamestian-o1d
    @jamestian-o1d Месяц назад

    Thanks a lot Tobe, I find your presentation very informative as I'm just starting to do it.

  • @lofiVibe4769
    @lofiVibe4769 18 дней назад

    Great insights! Can you make a video about talking to customers? I've identified problems but not sure how to actually get people to talk to me to validate them. What are some of the effective ways of doing that?

  • @BestMentalism
    @BestMentalism 22 дня назад

    very good advice thanks

  • @HassanAhmed-om8op
    @HassanAhmed-om8op 20 дней назад

    Great video, would love to chat about an idea (LOL) seriously, it would be sorta towards niche consumers and I will definitely (not would) pay for it. You might think it's BS, but I'd love to elevator pitch it. It may actually solve (or start to solve) the problem you discuss here. Whether you reach out or not, thanks!

  • @LuizFerreiraBr
    @LuizFerreiraBr Месяц назад

    This vídeo Is truly amazing, please keep the good work

  • @nsshing
    @nsshing 4 дня назад

    Building fun app is good for practice skills, but if you want to make money you gotta listen to the market for demand.

  • @Piliponful
    @Piliponful Месяц назад

    I agree with all the comments, actually very valuable content, thanks

  • @foju9365
    @foju9365 Месяц назад

    Amazing presentation. Very good advice. Thanks!

  • @Peter-bg1ku
    @Peter-bg1ku 17 дней назад

    You look like you have finally landed after flying the programmer lala-land plane for long lol. Great video, thanks.

    • @Peter-bg1ku
      @Peter-bg1ku 17 дней назад

      I agree on the issue of visibility.

  • @ddmozz
    @ddmozz 19 дней назад

    I'm not sure if B2B is viable for a solopreneur in 2024. All the low-hanging fruits have been taken, and now you have to go too niche or some big player will eat your lunch. Basically, your whole product is someone else's feature. Or, you rely too much on one single platform or API and you can get rug pulled at any given time. I've seen this happening with people who relied too much on Reddit's API, or the Chrome extension store, etc. And if you want to go big, you're already surrounded by behemoths that have billions of dollars to burn. And there's just so many real-world business solutions to be conceived. And, let's not even talk about ChatGPT and AI as a commodity instantaneously making thousands of solutions redundant. Anyway, great video!

  • @JWCat757
    @JWCat757 Месяц назад

    Appreciate this no BS advice - very helpful!

  • @n45hch2
    @n45hch2 24 дня назад

    Hi Tobe. Wanted to give you a heads-up that there may be misaligned cut-off between 5:22 and 5:24 ('"procrastination" missing).

  • @sarthakshah2627
    @sarthakshah2627 26 дней назад

    Brilliant!

  • @tarek7451
    @tarek7451 2 месяца назад

    This is extremely useful. I really hope you could make more of these videos.

  • @clufmench7282
    @clufmench7282 Месяц назад

    This video is really amazing. Thank you for sharing

  • @liohaan
    @liohaan Месяц назад

    Thx,Tobe! I appreciate the content you have put together.

  • @SacredCASHcow
    @SacredCASHcow Месяц назад

    if youre happy with 10-20k mrr then shopify works! thats called a lifestyle business and it's great. but you do need big revolutionary ideas as well if you want to be a bigger company

  • @security_threat
    @security_threat Месяц назад

    Very well laid out learnings and insights. Amazing! Amazing keep sharing! I am also a ex-swe from “that search engine company” trying to start my own thing.

  • @AndreyZhukua
    @AndreyZhukua 2 месяца назад

    Thank you Tobe! Great and very helpful video for me right in time🤝

    • @tobebuilds
      @tobebuilds  2 месяца назад

      Best of luck with your SaaS journey!

  • @mischavandenburg
    @mischavandenburg Месяц назад

    Not in the saas space but still enjoyed the presentation. Keep it up!

  • @ralphpichler6635
    @ralphpichler6635 Месяц назад

    Bro you seem really likeable, thanks for the value...I am gonna leave a sub here! :)

  • @dannyelo4
    @dannyelo4 Месяц назад

    This information is gold to me, thank you brother

  • @monkeywrench1951
    @monkeywrench1951 Месяц назад

    Thank you, very down to earth information. Following.

  • @funicon3689
    @funicon3689 19 дней назад

    great video

  • @mahmoudabuzamel7038
    @mahmoudabuzamel7038 Месяц назад

    Thank you Tobe, this is invaluable set of advices.

  • @nicolasrudloff4909
    @nicolasrudloff4909 2 месяца назад

    Thank you, I like the bit where you say learn by doing. Maybe you come across more problems to solve while actually coding something?

  • @barsenovic
    @barsenovic Месяц назад

    thank you my man! excellent advice, honestly

  • @iercan1234
    @iercan1234 10 дней назад

    Good talk thanks

  • @KOAppianing
    @KOAppianing 16 дней назад

    You just got a loyal fan 🎉

  • @_Karanjot
    @_Karanjot Месяц назад

    Great video, practical and simple.

  • @XOXOshuffle
    @XOXOshuffle Месяц назад

    i find that extremly helpful, thank you for sharing

  • @SpooningTreesap86
    @SpooningTreesap86 Месяц назад

    @11:07 👀 this is a problem even established companies do, my current company does this constantly despite being around for decades

  • @VincentHendriks
    @VincentHendriks Месяц назад

    Great talk Tobe, thanks for sharing! :)

  • @alterego5985
    @alterego5985 Месяц назад

    this should be pinned in the front page of product hunt

  • @nicksrub
    @nicksrub Месяц назад +1

    awesome content thanks!

  • @soyaleye
    @soyaleye Месяц назад

    This was surprisingly VERY enlightening. Qq though, are you saying social media app ideas are tarpit ideas and should generally be avoided ? Please make a follow up video into your experience building your social media app.

    • @tobebuilds
      @tobebuilds  Месяц назад +1

      Thanks for the suggestion

  • @Music-rp7qw
    @Music-rp7qw Месяц назад

    Please make more videos about this

  • @rainerllera3097
    @rainerllera3097 Месяц назад +1

    brother you need to post more, you make pretty good content

  • @hyper_channel
    @hyper_channel 23 дня назад

    Solid advice.

  • @brightokoro7073
    @brightokoro7073 Месяц назад

    Nice thanks for sharing

  • @prashantsoni672
    @prashantsoni672 Месяц назад

    Loved your talks Tobe. Keep it up,

  • @bramburn
    @bramburn Месяц назад

    I have to disagree on scratching your own itch. That only works if you're building something to compliment your own tasks for a business or task. If you're scratching speculative itch for your own b2c problem its extremely hard.

  • @MarceloDauane
    @MarceloDauane 2 месяца назад +1

    Valuable content! Thank you.

  • @TRICOLORista
    @TRICOLORista 28 дней назад

    Great stuff. Zero BS

  • @KenrickBeckett
    @KenrickBeckett Месяц назад

    You probably just saved me 6 months legit

  • @schmedu_
    @schmedu_ Месяц назад +1

    Good content, but a bit too slow 😅 needed to listen to it on 1.5-2x speed, was worth it though. Keep it up :)

    • @tobebuilds
      @tobebuilds  Месяц назад

      Thanks for your feedback

    • @mintmax
      @mintmax Месяц назад

      What? It was faster than most videos on youtube! What are you talking about? 😂

  • @itsmy17
    @itsmy17 Месяц назад

    Very insightful and very timely for me

  • @sergeykurdin2598
    @sergeykurdin2598 Месяц назад

    Thank you for your video. Very helpful.