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- 🚀 Issue #2 - Micro-SaaS solutionsÂ
🚀 Issue #2 - Micro-SaaS solutions
Booming in 2023. Why? Low cost, low risk, high margin. What are the 5 fastest-growing sectors. Read our 3 min round-up.
3 MINUTES ROUND-UP > Why it’s relevant
A Micro-Saas application is built on the same foundations as SaaS applications, however Micro-Saas apps show some peculiarities:
Micro-SaaS builds software for a niche market.
Micro-SaaS projects have a relatively low development cost, they are often operated by a small team (can be a one-person business), and short time to market.
It’s location-independent.
Combined with low overhead, these features have stimulated a massive interest in MicroSaaS solutions, which have built a significant share of the SaaS market since.
Micro-SaaS are a game-changer, offering low initial investment opportunities within an addressable market that's small enough to build a high-profit margin. They can be perfect for Solopreneurs, they are cost-effective and do not require complex development, allowing for the budget to be allocated for marketing and sales.
Micro SaaS products are often extensions to bigger strategic SaaS solutions, aim to optimize the experience for particular industries. Think about the app stores for Salesforce, ServiceNow as well as plugins and browser extensions
The popularity of Micro-Saas has significantly gone up in response to hyper-specialized businesses, the need for digital transformation, and the demands of the contemporary work environment. The year 2023 is about to witness the emergence of several micro SaaS products.
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