Probably you're already guilty of one or more of these 5 SaaS F*ckups (I know I am 😬). Hopefully, this video helped with a bit of clarify on some of these. Next up ➝ How To Reach $1,000 MRR in 30 Days Watch this: ruclips.net/video/nsm7sgSRD84/видео.html Join +19K other entrepreneurs and creators in my bi-weekly newsletter. ✉ NEWSLETTER ‧ simonhoiberg.com/newsletter Be sure to hit the like button on the video if you got value from it 🚀 Talk to you in the comments.
Might be your best yet. Hilarious intro, but honestly the end portion - where you open up about your past failures - is the best part. Your openness is invaluable, I feel like I’m listening to a real person.
Hey Simon, great video and very good tips as always! I wonder if you could elaborate on your statement about not outsorcing the parts you aren‘t good at? Maybe an idea for a new video? Thanks! ✌️
Thanks! And yes, that is actually a good topic for another video. In short: I'm all in for delegating work - but make sure you have a good grasp and experience yourself with what you're delegating first.
In my first startup i definitely made mistake number 5. I learnt the hard way that this notion of "build it and they will come" maybe only works for shopping malls but rarely for SaaS products.
Thank you for sharing Simon. For marketing, do you have an in-house marketing assistant to help you, do you run all the ads yourself, or use an agency? If you hired someone, what type of person do you hire on Upwork? I tried but only found professionals looking for one and done jobs, a lot of scammers on the SEO side that just send you a ton of printscreens with no analysis. I end up doing those things mostly myself, haven't found a way to find reliable collaborators for marketing yet. any tips on how to do that?
Simon, you've gotta study the Indian market, I'm more than confident that you'll unearth a dearth of new data! India's a weird market, unlike EU/US/AU.
I just can't understand how these companies can make so much profit with SaaS that are sold at subscriptions of $19-$99 per month. I have tried to sell several cheap products and subscriptions on the internet, with several different marketing strategies, and I invested up to $100 a day, and many times I didn't even make sales. In my mind, it is impossible to profit from cheap SaaS subscriptions by spending on ads, unless it is organically or by charging high ticket subscriptions. If someone can clear my mind, I would appreciate it, and it would make me go ahead with my idea of creating a SaaS.
It's a great question! Check this short podcast episode with Kyle Prinsloo - I comment on this topic here: open.spotify.com/show/27oYFuQyf6VZ18bKP0ffPB
I mean this video makes me think building a SaaS is very hard especially as a technical person, I have no idea on marketing, building a brand and promote it...., it's right if my SaaS somehow perform is like winning the lottery is pure random chance, I probably need co-founders with differents skills than mine
@@SimonHoiberg thank you for your response. I'm older than 40, been involved in multiple industries and with great success and enhanced my business background with a multitude of skills. I'll continue my search for those individual with a drive for industry revolution. Already have a billionaire buyer who would be interested in buying once it shows traction.
Hey! Here’s a friendly advice from a YT consultant. Stop the J cuts and do normal cuts. You’re doing really great in everything, and I really appreciate your content, but oh man, those Js…
@@SimonHoiberg I've noticed them from the very first video I saw from your channel. On the first cuts, I said interesting, but til the end of the video, they became annoying. I'm giving you this advice because I am really conscious of the amount of effort you're putting in to create these videos, and this is my value I can offer in exchange for the one you provide. J cuts usually work on more cinematic videos, storytelling, when you have lots of b-roll coming in & out. On talking heads, it's a bit akward because you see the person talking, then stopping, making a pause, and oftenly that pause is longer than the general viewer expects, making it a lil unnatural. Ps. I have 6 years of yt experience and looking to build a SaaS within this niche. Wish me luck!
But if we launch an idea quickly to test the market what is a good way to avoid what happened to Danny and levels with Lensa from happening to us since we are starting from the bottom street level as far as capital goes. I don't mind competition but they got blasted off the planet in a way that one hopes one could avoid or is that wishful thinking?
That's always a risk. Whether you go to market fast, or after a long time of building, competitors might come. But if you go to market fast, at least you're not potentially wasting a lot of time building something no one wants.
@@SimonHoiberg Wow that's so true but what do companies like Snapchat do to cause Facebook to want to buy them instead of just replace them right out of the gate
@@SimonHoiberg Where is the sign up page? You know, I've seen plenty of "How-to SaaS" stuff for sale, but you have such a distinctive authenticity while simultaneously being entertaining. Whatever you're selling, I believe that you can deliver. So I'm in.
Love the video, well edited and super valuable insights, much appreciated! but Id like to remark, building tons of new products quickly and "playing the lottery" is so much more fun for technical founders. It keeps you exploring and especially learning a huge amount in short time. I think the boost in motivation can be worth taking that approach.
Our product are sold well on enterprise and government. But when we convert it to B2C SaaS, It was not as good as B2B. Our product is a low code solution that sync to legacy app. Anyone here who wants to be part of our team or maybe a co-founder that know SaaS well are very welcoming.
@@SimonHoiberg Thank you for the reply and Ahh ok :) But is that not the point of outsourcing? If you outsource something you know - do you not lose a lot of value you got from learning the thing?
Hey Simon, I'm looking to avoid a fuck up of my own, for instance I want to make sure my API security is to a great standard before I launch. How are you securing your applications, for instance are you using JWT? OAuth? Would love to see what you are doing with your SaaS products. Cheers
Security is super important - and it's also important to *not* attempt implementing security modules yourself if you don't know what you're doing! I don't - for example. So I use AWS Cognito for authentication, DynamoDB to securely store data, AWS API Gateway to handle secure API connections, Stripe to handle payment, etc.
Awesome, I really appreciate the reply and can see you’re a huge fan of using the AWS services, I’ll take a look into this as it would be less work on my side if i used these too :)
Are you offering an API like stripe does or do you mean an internal API for your mobile app for example? API as a Service involves using an API secret with whatever API key validation like stripe,etc. For the Internal API, any of the above mentioned is fine. JWT is stateless, Oauth, isn't
Your videos are amazing! I've been seeing them pop up on my feed lately and I'm just HOOKED! I'm currently building my own SaaS. It's a chat site called Musique where you can watch RUclips with others in ANY room and your videos provide extreme value to me. Thank you so much! You have gotten a lifelong fan! :) If Musique gets popular, I will definitely let you know!
Probably you're already guilty of one or more of these 5 SaaS F*ckups (I know I am 😬).
Hopefully, this video helped with a bit of clarify on some of these.
Next up ➝ How To Reach $1,000 MRR in 30 Days
Watch this: ruclips.net/video/nsm7sgSRD84/видео.html
Join +19K other entrepreneurs and creators in my bi-weekly newsletter.
✉ NEWSLETTER ‧ simonhoiberg.com/newsletter
Be sure to hit the like button on the video if you got value from it 🚀
Talk to you in the comments.
That intro 😂😂 👌 you're the best
Haha, thanks man 😁😂
Might be your best yet. Hilarious intro, but honestly the end portion - where you open up about your past failures - is the best part. Your openness is invaluable, I feel like I’m listening to a real person.
That was a lovely comment! Thank you for that, Danny.
Very happy to hear that 🙏
Agree with #5. Marketing is a must as well as a plan to scale further with time. Thanks for this!
Awesome! Glad you liked it 🙌
Hey Simon, great video and very good tips as always! I wonder if you could elaborate on your statement about not outsorcing the parts you aren‘t good at? Maybe an idea for a new video? Thanks! ✌️
Thanks! And yes, that is actually a good topic for another video.
In short: I'm all in for delegating work - but make sure you have a good grasp and experience yourself with what you're delegating first.
You nailed the intro!
Haha, thanks man 😁
In my first startup i definitely made mistake number 5. I learnt the hard way that this notion of "build it and they will come" maybe only works for shopping malls but rarely for SaaS products.
It's a classic!
Thank you for sharing Simon. For marketing, do you have an in-house marketing assistant to help you, do you run all the ads yourself, or use an agency? If you hired someone, what type of person do you hire on Upwork? I tried but only found professionals looking for one and done jobs, a lot of scammers on the SEO side that just send you a ton of printscreens with no analysis. I end up doing those things mostly myself, haven't found a way to find reliable collaborators for marketing yet. any tips on how to do that?
Simon, you've gotta study the Indian market, I'm more than confident that you'll unearth a dearth of new data! India's a weird market, unlike EU/US/AU.
I just can't understand how these companies can make so much profit with SaaS that are sold at subscriptions of $19-$99 per month.
I have tried to sell several cheap products and subscriptions on the internet, with several different marketing strategies, and I invested up to $100 a day, and many times I didn't even make sales.
In my mind, it is impossible to profit from cheap SaaS subscriptions by spending on ads, unless it is organically or by charging high ticket subscriptions.
If someone can clear my mind, I would appreciate it, and it would make me go ahead with my idea of creating a SaaS.
That was the BEST video intro EVER Simon!!
Haha I'm so glad you liked it, Eddie 🤩
May I ask you about where to do marketing? Pay ads on Google? How do you market feedhive? I see on similarweb that paid traffic is very small
I got you 💪
Right here → ruclips.net/video/DXyZ8DaOMPQ/видео.html
@@SimonHoiberg Oh, so you are advertising for example in Google. What percentage do you spend to ads from MRR? It is like 30% of MRR?
Prob one of the best intros I've ever seen 😂
Hahah thank you, brother 😂
Pretty experimental, but I had fun making it....
I got to get this dude out of my head. He's killing me.
Great video and I loved the intro. Just curious why you think outsourcing the weak spots is a trap?
It's a great question!
Check this short podcast episode with Kyle Prinsloo - I comment on this topic here: open.spotify.com/show/27oYFuQyf6VZ18bKP0ffPB
I mean this video makes me think building a SaaS is very hard especially as a technical person, I have no idea on marketing, building a brand and promote it...., it's right if my SaaS somehow perform is like winning the lottery is pure random chance, I probably need co-founders with differents skills than mine
I wouldn't say random chance, but it's a very uncertain space!
No way around it.
Jup I'm still building but I'm using it already too... that's a good sign right? Plz tell me I'm right, if I'm not plz lie to me 🤣🤪
Hahaha 😂
this buhl is goated
What an intro, haha. 😂
You’re taking it to the next level. Nice vid!
Haha glad you like it, my friend 🤩
Please create a video for SaaS GTM for companies focused on selling to enterprises! there’s no content available on this.
Cheers!
That's a nice topic!
Thanks for the suggestion.
Your content is the best. thank you for your valuable information.
You're most welcome, Osama 💪
There was a shark tank video right below this video and I thought that I clicked on the wrong video.
Haha nice 😅
Man, the intro hits so close to home regarding my current employment situation that it's not even funny.
Haha 😅
Sheesh the intro 😂🔥😎
Haha glad it worked 😂
Why not MaterialUI as a library for design?
You could do that as well.
love your videos, please keep them coming
I'm glad to hear that 😄
I have formulated a Unicorn SaaS idea and looking for Co-Founders with exceptional coding skills, but you're probably too busy with yours already
Well, mostly, I don't bother with unicorn ideas.
Calm and realistic SaaS business instead, please 🙌
@@SimonHoiberg thank you for your response. I'm older than 40, been involved in multiple industries and with great success and enhanced my business background with a multitude of skills. I'll continue my search for those individual with a drive for industry revolution. Already have a billionaire buyer who would be interested in buying once it shows traction.
Hey! Here’s a friendly advice from a YT consultant. Stop the J cuts and do normal cuts. You’re doing really great in everything, and I really appreciate your content, but oh man, those Js…
Thanks!
I kinda like them, though. Without them, the cuts get kinda "stumpy."
But feedback heard, of course 😊
@@SimonHoiberg I've noticed them from the very first video I saw from your channel. On the first cuts, I said interesting, but til the end of the video, they became annoying.
I'm giving you this advice because I am really conscious of the amount of effort you're putting in to create these videos, and this is my value I can offer in exchange for the one you provide.
J cuts usually work on more cinematic videos, storytelling, when you have lots of b-roll coming in & out.
On talking heads, it's a bit akward because you see the person talking, then stopping, making a pause, and oftenly that pause is longer than the general viewer expects, making it a lil unnatural.
Ps. I have 6 years of yt experience and looking to build a SaaS within this niche. Wish me luck!
Naaaah. The into got me hooked!! Lol
Hahah nice 😁
Simon, this was the most effective video ever.
Awesome! Really happy you got value from it 💪
Technical people 😅 soo true! 11:24
Haha 😅
But if we launch an idea quickly to test the market what is a good way to avoid what happened to Danny and levels with Lensa from happening to us since we are starting from the bottom street level as far as capital goes. I don't mind competition but they got blasted off the planet in a way that one hopes one could avoid or is that wishful thinking?
That's always a risk.
Whether you go to market fast, or after a long time of building, competitors might come.
But if you go to market fast, at least you're not potentially wasting a lot of time building something no one wants.
@@SimonHoiberg Wow that's so true but what do companies like Snapchat do to cause Facebook to want to buy them instead of just replace them right out of the gate
hahah I even felt sorry for you 😄 that intro was really real😅
😅
That was the best one of the best videos on RUclips for startupers full of information thank you so much for sharing
Thank you so much! 😁 I'm glad you got value from this!
Also, where can we get that juicy pricing spreadsheet?
I'm going to have this included in an upcoming course I'm launching 😊
@@SimonHoiberg Where is the sign up page? You know, I've seen plenty of "How-to SaaS" stuff for sale, but you have such a distinctive authenticity while simultaneously being entertaining. Whatever you're selling, I believe that you can deliver. So I'm in.
This is a beautiful video !
Thank you 😊
Definitely giggled at the intro
Haha I'm happy to hear that 😄
Simon. I love you. I'm giving you 5% of whatever I develop. Great content, fantastic production, amazing content. You're definitely going to the top.
Haha, thank you so much 😁
Love the video, well edited and super valuable insights, much appreciated! but Id like to remark, building tons of new products quickly and "playing the lottery" is so much more fun for technical founders. It keeps you exploring and especially learning a huge amount in short time. I think the boost in motivation can be worth taking that approach.
Fair, that's a valid point 😄
What a great intro 😂😂
Haha thanks 😂
Like for the background music xD
Feeling hyped :D
Haha, thanks 😁
Really love your vids Simon!
(Nothing to do with the video, but is your native language Danish or something?)
It is! Haha, nice spotted 😁
Normally, only other Danes can spot where it's from.
Our product are sold well on enterprise and government. But when we convert it to B2C SaaS, It was not as good as B2B. Our product is a low code solution that sync to legacy app. Anyone here who wants to be part of our team or maybe a co-founder that know SaaS well are very welcoming.
What is it about?
With tons of failures under my belt, I'm so glad I found your channel. Great video, thanks Simon!
That's awesome 💪
You're the best 😂❤
Thanks 😁💪
That background music is so annoying. It sounds like a heart attack feels.
Sorry, man 😬
I guess I never actually tried a heart attack, so I wouldn't know...
@@SimonHoiberg sorry just it's just my opinion. Great content though.
@@jonathanjacob5453 Cheers 😁
How long should you wait for a first customer to validate your product/ to know to move on to another project?
It's very hard to give an exact answer.
It's highly contextual.
Isn’t lean startup implemented by Agile Scrum?
Not exactly. But they share a similar philisophy.
Hey Simon
I am learning a ton on micro saas and no code from you. I hope it is ok I make content based on it. I will give credit
Of course it is, Lua! I'm happy you're learning a lot here 🧡
Calling a spade a spade ❤️
great video!
Thank you, Ameer 💪
Glad you liked it!
Fire intro ! 😂
Thanks 😂 Glad you liked it!
Why and how is outsourcing a trap?
It's not a trap in itself.
But outsourcing something you don't know anything (or very little) about is the trap.
@@SimonHoiberg Thank you for the reply and Ahh ok :) But is that not the point of outsourcing? If you outsource something you know - do you not lose a lot of value you got from learning the thing?
a super strong video thanks! I think I found myself in one of those :D
Thank you!
I think we've all been there 😁
This editing is top notch 🔥
Thanks a lot 🙌
Hey Simon,
I'm looking to avoid a fuck up of my own, for instance I want to make sure my API security is to a great standard before I launch. How are you securing your applications, for instance are you using JWT? OAuth? Would love to see what you are doing with your SaaS products.
Cheers
Security is super important - and it's also important to *not* attempt implementing security modules yourself if you don't know what you're doing!
I don't - for example.
So I use AWS Cognito for authentication, DynamoDB to securely store data, AWS API Gateway to handle secure API connections, Stripe to handle payment, etc.
Awesome, I really appreciate the reply and can see you’re a huge fan of using the AWS services, I’ll take a look into this as it would be less work on my side if i used these too :)
Are you offering an API like stripe does or do you mean an internal API for your mobile app for example? API as a Service involves using an API secret with whatever API key validation like stripe,etc. For the Internal API, any of the above mentioned is fine. JWT is stateless, Oauth, isn't
looks real!! hilarious 😂😂😂
Thank you, brother 🤩
Gr8 job Simon :)
Thanks a lot 😁🙌
wow that intro got me
Thanks, haha! 😁
Value value 🎉
I'm happy to hear that!
This intro kicks!
Thanks man 😁
Love the intro
Thanks 😁
@@SimonHoiberg everyday I look forward to your videos thank you for being amazing
Your videos are amazing! I've been seeing them pop up on my feed lately and I'm just HOOKED! I'm currently building my own SaaS. It's a chat site called Musique where you can watch RUclips with others in ANY room and your videos provide extreme value to me. Thank you so much! You have gotten a lifelong fan! :) If Musique gets popular, I will definitely let you know!
Yay, that's awesome 🤩
Yes! Please do let me know.
@freddylsx. Yo Simon imposter.