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What is a SaaS Product?

Most SaaS products are web and mobile apps that do not require installation and users pay a monthly/yearly fee for using the product. To use SaaS platforms, users do not need to install anything on their devices since the application is hosted by the server provided by your company. To give you an example, the most popular SaaS companies are Dropbox or Google Apps.


On the surface, it seems like a simple proposition. Identify a problem, determine the needs of people that share that problem, then begin building the solution to that problem. While the path from good idea to successful market entry might not always be this linear, there are some guiding principles along SaaS Product development process that can prepare you to successfully launch a product. In this blog, we’ll look at 10 key steps you need to take to set yourself up for success when building a SaaS Product that delivers customer lifetime value and more revenue to your business.