I have a SaaS idea, but its from another developer. I mean, he is charging $199; I can do it and even sell it for $10. But feels odd to just copy his idea.
He made around $10K+. Its a SaaS starter template. All the features are just basic features, he just made a wrapper around everything.
PS: The code and everything, I can do it on my own.
Do it without a second thought.
After talking to numerous SaaS founders, here’s how I think about,
In B2B SaaS world, it’s much easier to succeed in a proven market category with 100s of competitors. Infact the earlier you start, you will need work a lot on PMF & you need to lots of funding to educate the market.
Of course if you’re too late, it means that,
But if you’re looking at building a stable 5-10 MN revenue business, it’s much better to stick to established markets. You will know what product to build on day 1 with minimal experimentation. Once you figure out your unique positioning & niches, your focus will always be on finding out those 1-2 effective growth channels that work for you.
Here’s an example of how Karsten is doing it in a highly competitive space,
How we are growing our SaaS in a highly competitive space