The 60-Day Plan to Building a Million-Dollar SaaS: How to Create an MVP and Build a Waitlist
Starting a SaaS company can be a daunting task, but with the right plan and execution, it’s possible to build a million-dollar business in just 60 days.
In this article, we’ll outline a step-by-step plan for creating a minimum viable product (MVP), building a waitlist, and launching and scaling your SaaS.
We’ll also provide some tips for success along the way.
Define Your Target Market and Value Proposition
Before you start building your SaaS, it’s important to have a clear understanding of who your target market is and what value your product will provide to them.
This will help you to focus your efforts and ensure that you’re creating a product that meets the needs of your target audience.
To define your target market, consider the following questions:
- Who are your ideal customers?
- What pain points does your product solve for them?
- What are their demographics, interests, and behaviors?
Once you have a clear understanding of your target market, you can create a value proposition that clearly outlines the benefits of your product.
This should include the unique features and benefits that make your product stand out from the competition.
Create a Minimum Viable Product (MVP)
An MVP is a minimal version of your product that includes only the most essential features.
The goal of an MVP is to test the market and gather feedback from users before investing significant time and resources into building a full-featured product.
To create an MVP, follow these steps:
- Identify the core features of your product. These should be the features that are absolutely necessary for your product to function and provide value to your target market.
- Prioritize your features based on their importance and impact.
- Build a minimal version of your product that includes only the most essential features.