SaaS consulting is a rapidly growing industry with immense potential. Here are some incredible stats that show just how big this industry is becoming:

• The SaaS consulting market is anticipated to grow at a CAGR of 22.8% from 2018 to 2026.
• It is expected that by 2025, 85% of all business-related software in use worldwide will be from Software as a Service (SaaS) platforms.
• A study published by Forrester Research predicts that SaaS will become an industry worth $143.7 billion globally at the end of 2022.
• There are currently over 1,000 SaaS consulting firms in operation globally.

For startups, there are several reasons to use SaaS technology. Here are a few:

1. You can get to the market quickly and easily with SaaS development.

2. You don’t need to worry about hosting or maintaining the software yourself-the provider takes care of that.

3. A SaaS product typically has lower up-front costs and is, therefore, more affordable for startups and small businesses.

4. The cloud-based model makes adding new features and customizing a SaaS product to fit your needs easy.

5. A SaaS product can be accessed from anywhere in the world so that you can reach a global market with ease.

Before starting the journey of 20+ SaaS product ideas, you must know what SaaS is and why businesses should deploy these ideas into their operations.

SaaS: An Overview

SaaS is a software-as-a-service delivery model. It is software offered by the provider on the web. Customers can access and use the software, typically through a web browser, while the provider manages the infrastructure and security.

SaaS development provides several advantages for businesses and consumers. It can be a more cost-effective way to acquire and use software for businesses. There is no need to invest in hardware or license software.

SaaS can also be more flexible since it can be scaled up or down as needed. And since SaaS is web based, it can be used anywhere with an internet connection.

SaaS consulting services include customer relationship management (CRM), enterprise resource planning (ERP), human resources (HR) and payroll, marketing, and project management.

Must Read: How To Build a SaaS Business?

Why Do Businesses Require SaaS Consulting?

It can be difficult for businesses to keep up with the fast-paced changes in the SaaS industry. As a result, many companies turn to SaaS consulting firms for help.

SaaS consulting firms can provide valuable insights and recommendations on how to adopt and use SaaS applications successfully within a business. They also help companies to make the most of their investment in these applications by guiding software selection, implementation, customization, and optimization.

Factors To Look For When You Come Up With New SaaS Product Ideas

1. Find a need and fulfill it

The best way to develop unique SaaS product ideas is to identify a need in the marketplace and then create a solution for that. There are many ways to go about this, but one of the simplest is to look for problems you have faced in your business. If you can solve your problem, others out there are possibly facing the same problem and are willing to pay for a solution.

2. Think outside the box

You need to think outside the box to develop genuinely unique SaaS product ideas. It can be done by looking at the market from a different perspective and coming up with solutions that are not yet being offered. This can be difficult, but it is often worth it as it can lead to a groundbreaking product.

3. Simplify existing solutions

Many times, the best way to create a unique SaaS product is to take an existing solution and simplify it. Often, products in the market are needlessly complicated and could be made much easier to use. You may have found your niche if you can streamline an existing solution.

There are a few more key factors to look for when you come up with new SaaS product ideas.

First, the product should solve a problem that your target market is facing. It should also be something that they are willing to pay for. Additionally, the product should be unique and differentiated from your competitors.

Another essential factor to consider is whether there is a demand for the product. You can determine this by conducting market research and seeing if there is a niche market for the product. If there is already a lot of competition in the space, it may be challenging to break into the market. However, if there is unmet demand, you may have a better chance .

Finally, you must ensure that you have the resources and capabilities to develop and launch the product. This includes having a team with the necessary skill sets and enough funding to get the project off the ground. Without these things in place, bringing your SaaS product ideas to life will be challenging.

A Curated List Of 20+ SaaS Product Ideas That Make Your Business Unique

1. Customer Relationship Management (CRM) SaaS

A CRM system helps businesses keep track of their customer interactions and manage their relationships with customers. This can be a valuable tool for any business, especially one that relies heavily on customer interactions.

Issue Before: Maintaining a lot of customer information was a big problem.

After Remedy: Cloud-based software apps save time and require minimal effort to organize the work.

Demand Level: Extensively high & increasing

2. Human Resources Management (HRM) SaaS

HRM SaaS is a subset of Human Resources Management that involves the use of software to aid in the management of employee data. This includes anything from employee onboarding and tracking to benefit administration and performance reviews.

Issue Before: After the pandemic hit, managing work and the workforce became complex.

After Remedy: HRM SaaS stores complete data regarding each aspect of HRM and helps managers to tackle their problems.

Demand Level: High demand

Note: ADP Workforce Now crossed 240 billion dollars in revenue which shows its high demand today.

3. Project Management

A project management system helps businesses effectively manage multiple projects. This can be a valuable tool for companies that want to ensure their projects are completed on time and within budget.

Issue Before: Managing all projects at one time was a difficult task.

After Remedy: This tool helps project managers plan, track, and report on project progress.

Demand Level: High

4. Journaling SaaS

Journaling is an old-fashioned yet innovative way to stay productive and on track. People enjoy writing down what they did during their day — it has been this way for centuries, but now people are less likely to do so on paper.

Issue Before: People were finding ways to keep their writings and Saas product ideas safe & secure.

After Remedy: A physical journal app to keep data safe without harming the environment by using ink/paper.

Demand Level: Valued at $2 billion and so in high demand

5. Enterprise Resource Planning (ERP)

It is a software application that integrates all a company’s business processes into one system. This includes modules for finance, manufacturing, sales, and customer service. A SaaS implementation means that the software is hosted by the vendor and is accessed by the users over the internet.

Issue Before: Privacy was the primary concern while integrating time-tracking, financial accounting, and expense management on a single platform.

After Remedy: Using the cloud-based ERP system can make the system fully secure.

Demand Level: About 5000+ searched for Cloud ERP apps & expected to generate revenue of $37.5 billion by 2024.

6. KPI Tracker SaaS

The need for good KPI metrics software is tremendous, as it heavily impacts how well an organization performs. In fact, automated software would be a great way to increase the efficiency of such organizations.

Issue Before: Due to several tools for different purposes, it was difficult to choose the right one.

After Remedy: KPI SaaS idea integrates all tools into one user application.

Demand Level: Extremely high

7. Property Management SaaS

Property Management SaaS (PMS Saas) is a software service that enables landlords and property managers to manage their properties online. It includes features like online tenant applications, online rent payments, maintenance requests, and communication tools.

Issue Before: Real estate investors found it difficult to manage diverse portfolios and were challenged to handle legal matters.

After Remedy: The app contains all information about your investments and how to access them.

Demand Level: Moderate demand

8. Marketing Automation

A marketing automation system helps businesses automate their marketing tasks. This can be a valuable tool for companies that want to save time on marketing tasks and focus on other areas of their business.

Issue Before: Many organizations failed to integrate marketing campaigns with sales.

After Remedy: Marketing automated tools make marketing strategies and analyze statistics as per the need of the organization.

Demand Level: Extremely high

9. Health Check

Health Check is an accessible business app that allows you to track your health and fitness goals. With Health Check, you can set goals, track your progress, and receive encouragement and support from other users. It includes a variety of resources for health and fitness, including tips, articles, and videos.

Issue Before: Manual integrations with the clinical records was a challenging task.

After Remedy: The app comprises such fields that allow patients to enter their records.

Demand Level: High

10. Live Streaming Platform

Live streaming platform allows users to broadcast live video content over the internet. Individuals and organizations often use these platforms to share news, events, and other types of information with their respective audience.

Issue Before: People did not have enough choices in the live streaming mobile apps sphere.

After Remedy: This platform comes with intuitive UI/UX and provides a number of live streaming mobile apps.

Demand Level: It is going to generate $220 billion by 2028.

11. Accounting SaaS

Accounting SaaS is a software as a service (SaaS) that provides bookkeeping and accounting services to small businesses. It allows companies to manage their finances online, track expenses and income, create invoices and statements, and more.

Issue Before: It was challenging to have different accounting data from other countries on a single platform.

After Remedy: An app designed for a specific country that can be upgraded for other regions.

Demand Level: Highly demanded across the globe

12. Video Rendering SaaS

Video rendering is the process of transforming raw video footage into a finished product that can be played on screens or devices. It is a type of software-as-a-service (SaaS) that allows users to upload videos for rendering and then receive the completed video files back.

Issue Before: It was challenging to get perfect renders even after spending so much time & knowledge.

After Remedy: This SaaS product ideas will save time due to default renders to get perfect results.

Demand Level: Entrepreneurs & startup founders are more curious about this SaaS product ideas.

13. Social Media Posts SaaS

Social Media Posts SaaS (Software as a Service) is a platform that allows users to create and publish social media posts across multiple platforms, including Twitter, Facebook, LinkedIn, and Google+. It simplifies creating and publishing social media posts withengaging content.

Issue Before: Scheduling posts on social media was a challenge for the users.

After Remedy: API graphs allow users to implement scheduling on time.

Demand Level: Moderate

14. Blockchain Invoicing

Blockchain invoicing is applying blockchain technology to invoicing and billing processes. A distributed ledger system can streamline these processes, making them more secure, efficient, and transparent.

Issue Before: The blockchain was a new and big challenge for users.

After Remedy: Cryptosystems developers are aware of various types of blockchain projects now.

Demand Level: It is expected to generate $39.7 billion by 2025.

15. Appointment Management SaaS

Appointment Management SaaS (Software as a Service) is a cloud-based software that allows businesses to manage and schedule appointments online. It typically includes calendar booking, automated reminders, customer management, and more.

Issue Before: A given time was used two times. So the time clash was the main issue while implementing this SaaS product ideas.

After Remedy: The solution is to lock the allotted time intervals to avoid such challenges.

Demand Level: Fairly high

16. Telehealthcare SaaS

Telehealthcare SaaS is a software platform that enables healthcare providers to deliver telehealth services to their patients. The platform provides a secure, HIPAA-compliant video conferencing environment for the delivery of healthcare services, including diagnostic consultations, follow-up care, and education and training modules.

Issue Before: The major hurdle for implementing SaaS product ideas like this would be to make them compliant with government medical authorities.

After Remedy: Developers thoroughly research all clinical records before building efficient software.

Demand Level: The CAGR is forecasted to grow 15% in this niche.

17. One-Click Credit

One-Click Credit is a credit scoring service that uses machine learning to score consumers who have never borrowed money before. It offers a fast and easy way for online businesses to check the creditworthiness of potential customers with a single click.

Issue Before: There were many who purchased the products but didn’t pay for them.

After Remedy: A unique ID is allocated to each user, and a limit is also set for the same.

Demand Level: Increasing demand

18. Payment Auditing with AI

It is a new way to approach payment auditing by using machine learning algorithms to predict potential failures in the payment process. It helps companies save money by identifying and resolving errors before they become more significant problems.

Issue Before: To achieve 100% accuracy was a failure.

After Remedy: The developers have built algorithms to increase the content’s accuracy.

Demand Level: This SaaS product ideas will generate $543.5 million by 2023.

19. Team Communication SaaS

Team Communication SaaS (software as a service) is a platform that enables users to communicate and collaborate with their teams. It includes chat, video conferencing, file sharing, and project management.

Issue Before: Communicating with team members using online modes like chatting and file sharing was quite challenging.

After Remedy: Cloud-based server apps solved this problem.

Demand Level: High demand

20. Content Planning

Content Planning SaaS helps content creators plan and organize their content. It typically includes features like a content calendar, task management, and collaboration tools so that teams can collaborate to create and publish content.

Issue Before: Multiple teams’ content handling leads to confusion each time.

After Remedy: The content planning tool manages all the content on a single platform and notifies team members whenever content changes.

Demand Level: Very high

21. Auto Parking

Auto Parking SaaS provides parking lot management for businesses. The service can help enterprises optimize parking lot usage, manage permits and payments, and improve customer satisfaction. It is an excellent solution for companies with a large or busy parking lot.

Issue Before: Parking confusion due to mismanagement was a big concern.

After Remedy: The users can park their cars using a dedicated app.

Demand Level: Significantly high

Popular SaaS Products Today

Infographic Image

HubSpot Sales

HubSpot Sales is a popular SaaS product that helps businesses manage their sales processes. It includes features such as contact management, deal tracking, product development for startups and email integration. It targets small businesses looking to streamline their sales process.

Zendesk

Zendesk is a popular customer service SaaS product. It includes ticketing, a knowledge base, and live chat. It is meant for businesses of all sizes that want excellent customer service.

SalesforceIQ CRM

SalesforceIQ CRM is a popular SaaS product that helps businesses manage customer relationships. It includes contact management, lead management, and opportunity tracking. It is an excellent tool for companies that want to improve customer relationships.

You May Find This Interesting: Benefits of MVP Development Approach in Product Development 

Conclusion

SaaS products typically come with lower upfront costs than traditional software licenses, making themselves more affordable for businesses of all sizes. These are scalable, so you can easily add more users or features as per your needs.

Moreover, businesses don’t have to worry about missing out on innovations or security updates, as products are always up-to-date with the latest features.

If you’re looking for unique SaaS product ideas to make your business stand out, look no further than ValueCoders, a leading SaaS consulting company in India. We offer SaaS product consulting services that can help you develop a fantastic product to meet the specific needs of your business.

SaaS Consulting Services By ValueCoders

ValueCoders has a proven track record of helping businesses develop successful SaaS products. We’ve worked with companies of all sizes, from startups to enterprise organizations, and we can help you too.

Our team of experienced SaaS product consultants work with you to understand your business and identify the specific needs that your product must address. We’ll then help you develop a unique solution that meets those needs.

We offer comprehensive and top-of-the-line SaaS & MVP consulting services to help you strengthen your marketing initiatives and assist with product promotion.

SaaS consulting & development services we offer:

• Business Model Consulting
• SaaS Application Development
• Strategy Consulting
• SOA Consulting
• Professional Cloud Services
• MVP Development & Consulting

If you’re ready to take your business to the next level with a unique software product development, then contact a reliable SaaS consulting & development company like ValueCoders today.

Frequently Asked Questions

What are SaaS-based products?

A SaaS-based product is a software product that is delivered over the internet as a service. It is hosted by the provider and made available to customers over the web. Customers access and use the software, typically through a web browser, while the provider manages the infrastructure and security.

SaaS products are usually subscription-based, with users paying a monthly or annual fee to access and use the product. This type of pricing model contrasts with traditional software products, which are sold as one-time license fees (often called “perpetual licenses”).

How do I create a SaaS product?

The best way to create a SaaS product depends on the specific needs of your business and your target customers. However, in general, here are some tips on how to create a successful SaaS product:

1. Define your target market and understand its needs.

2. Research and analyze your competitors.

3. Design a user-friendly interface that is easy to use.

4. Develop an effective marketing strategy to reach your target market.

5. Offer customer support and technical assistance to help users with any problems they may encounter.

What is Micro SaaS?

Micro SaaS is a term coined by Salesforce Ventures to describe a new category of cloud-based software products that are smaller in scope and priced lower than traditional enterprise software.

Micro SaaS products are designed for specific business functions, such as sales or marketing, and can be accessed on demand through a web browser or mobile app. They are typically easy to use and can be implemented quickly without the need for custom development or integration.

Because they are smaller in scope, micro SaaS products can be priced significantly lower than traditional enterprise software. And because they are delivered as a service, there are no up-front costs or complex licensing agreements. Customers simply pay for what they use on a monthly basis.

What is the difference between cloud and SaaS?

The fundamental difference between cloud and SaaS is that cloud is a type of infrastructure, while SaaS is a type of software. Cloud enables businesses to provision resources on-demand, such as compute power, storage, and applications. SaaS delivers software applications over the internet to users.

Another way to think about the difference between cloud and SaaS is that the cloud provides the foundation for running applications (including SaaS applications), while SaaS delivers those applications to users. Many people use the terms “cloud” and “SaaS” interchangeably, but they are technically different concepts.

The post 20+ SaaS Product Ideas To Empower Your Business-Valuation appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

It will continue to evolve more and be used in many innovative ways. So, it is the peak time to leverage Blockchain for transforming your business and reshaping your target industries.

Before we start discussing how Blockchain technology can help your business grow in the near future, just take a close look at some interesting Blockchain stats:

As per Statista, it was expected in 2017 that the global Blockchain technology market would reach 339.5 million U.S. dollars in size and is expected to grow to 2.3 billion U.S. dollars by 2021.

According to the latest survey from IBM, it suggests that 65 percent of major global banks will use Blockchain technology within just three years. As per the reports by the same source, 17% of Banks will go to have full Blockchain products.

In terms of its usage, according to Statista, about 53 percent of respondents stated that their companies are working on a supply chain use case.

In this blog, we will discuss some ways using which you can build your own business with Blockchain technology and the respective apps.

Below given the list of such ways/strategies:

1) Connect with Blockchain

As a startup, first, you come up with a new and fresh business idea. It doesn’t matter how difficult your traditional startup business idea may seem, technology can make it look perfect and seamless.

Whether you want to start a business or scale the one you are already running, blockchain can help you in a number of ways. Some of these are listed below:

-> Help you with marketing via its transparency feature and accurate tracking.

-> Help you with funding through Blockchain ICOs.

-> Help you with security through its cryptographic system.

So use the above ideas and integrate them into your startup business which can make your next success story for a long period of time.

Also Read: Top Blockchain Development Companies

2) Use Blockchain-powered ICO

If you are a startup and have a great business idea, one that you are sure your target audience will love. But not having the necessary funds to advance your startup vision. Then no need to worry now as it is a common problem for all startup businesses. Traditional venture capital is actually difficult to achieve.

Today, the Blockchain technology initial coin offerings (ICO) throw good news for aspiring entrepreneurs. Start thinking of the ICOs as a way to democratize the initial financing. They provide a platform to raise funds from individual investors, assuring emerging entrepreneurs that no one is alone in this.

Few things to take care of when you are starting a business with Blockchain are mentioned below:

-> Refine your idea

-> Configure the blockchain for your new token

-> Receive the seed capital to finance your new company

A number of your competitors are already benefiting from these offers, attracting huge sums of money from the ICO driven by blockchain. According to Coindesk reports, in the second quarter of 2017, entrepreneurs raised about $ 291 million through ICO, compared to $ 187 million in traditional risk funds.

Make sure you have the technical expertise to consume all the benefits that ICO has to offer. For this, you can hire a developer to help you in this effort as they can make sure that your ICO driven by blockchain serves not only to raise funds but also as a tool to create steady growth.

3) Use crypto to running your ads

In order to grow your startup business, it is important to promote it properly. In an era of widespread online advertising frauds that attract attention, promoting your startup business can be challenging as building and executing it.

Desperate to promote their products, startups often bombard their customers with torrents of bulletins, coupons, practical guides, and innumerable advertisements.

The reasons usually lack attention because business leaders do not really know what exactly their clients want. They are simply waiting for their messages to attract enough customers.

However, crypto can professionally address groups of key customers with messages that resonate with them. Blockchain combines an excellent level of tracking and transparency with the ability to collect accurate data. Together with this, it guarantees the optimal frequency of ad display for each consumer.

Read More: All about Blockchain Technology: Meaning, Types, Benefits & Much More

4) Cryptography protects your startup

As we already know that cryptography can protect your data online, defend your e-commerce site, and protect your company’s files better than any other solution.

Powered by the digital signature, as well as by private and public keys, cryptography is an incredible solution for protecting your data in today’s digital business world. The reason behind its success is that it transmits information in codes. Thus, keeping the data illegible for unauthorized users.

Youngwhan “Nick” Lee, CEO of EcoVerse and founder of the W3C Blockchain community said that “Transaction logs are verified every time they move from one blockchain node to another,” and “That helps you track and review your audits. Simple and seamless fashion.”

However, you can take cryptography beyond the protection of the data of your startup. It can help authenticate your potential customers, separating real buyers from cybercriminals.

Some major BLOCKCHAIN APPS are listed below that can help your business:

– Apps for Notary: Uproov

– Apps for Distributed cloud storage: Storj

– Apps for Supply chain communications

– Apps for Smart Contracts

– Apps for Payments and money transfers

– Apps for Digital identity

– Apps for Networking & IOT

– Apps for Gift cards: Gyft Block

Conclusion:

So far we have seen the list of strategies/ways in which your startup can build a great business. Using the above-mentioned ideas, it will help you quickly develop blockchain applications to redefine your startup business networks. In addition, by hiring reliable blockchain web developers, you can achieve this goal.

At ValueCoders(a leading software development company), we offer you to hire Blockchain developers who have successfully delivered more than 4200 projects to more than 500 happy customers along with their expert software testing services around the world. Have words with us today!

The post How To Grow Your Startup With Blockchain appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Make no mistake, the novel coronavirus is as big as a problem as it gets. But the world will eventually come out of it. At that time, would you want your startup to take its time to freshen up and understand the needs of the market? Or would you want to start preparing a great software product so you’re ready when the market needs it most?

I’m pretty sure your choice would be the latter, but most businesses have their hands tied. They’re unable to operate due to lockdowns, disruption in supply chains, unavailability of staff, and out of myriad problems created by COVID-19. Yet, there are few businesses that are fortunately working as smooth as ever, especially in the software outsourcing sector.

So if a business (maybe yours) is unable to work on an in-house software project due to COVID-19, is it a wise choice to outsource it to an offshore software development company? Why outsourcing is important? What are the benefits of outsourcing a software development project?

Say, if you’re a tech startup in desperate need to capitalize on an opportunity and establish a market presence, then:

1- This isn’t the best time to run your business.

2- Once we’re done with COVID-19, the state of the market at the time will present unprecedented opportunities that startups could capitalize on.

But at the same time, your startup could be competing with 100s of established enterprises looking to capitalize on the same opportunities.

Is there something you could to have an edge over potential competitors in such a scenario? Product Development Outsourcing could be the masterstroke for a competitive advantage in the long-run. Here’s why.

As you may know, there are multiple options available in the market to build functional software products. However, when it comes to startups, there’s a conventional line of thought which says that the benefits of outsourcing are for enterprises only.

But you can certainly outsource product development as a startup and this is important to your business as well, especially in this pandemic situation. 

Benefits of Outsourcing

There are multiple benefits of outsourcing IT and software development services. let’s start with cost.

Cost-cutting

Managing a budget is a big challenge for startups. However, outsourcing helps a lot to do it right.

In fact, according to a research, 87% of US companies outsource product development to save cost. 

Outsourcing provides a global talent pool at a low cost. You hire a backend developer (in-house) at  98000 USD/year and it comes down to 22000 USD/year when you outsource.

The risk is lesser

In the case of new products whose market is yet to be tested, outsourcing plays an important role in mitigating the risks of trying out something new.

Since the outsourced teams work on flexible models the risks are definitely lower.

It’s Faster

Outsourcing the development helps in faster development with the Agile model and helps in tremendously reducing the time to market.

9% PEOPLE GLOBALLY outsource only to fasten their process.

Technical Expertise

You may be new to the market. That’s not an issue until you have technical expertise with you. If you already have that, then it’s good, however, if you don’t- then it is better to outsource.

15% PEOPLE GLOBALLY outsource to access expertise

Free up time and more focus

For startups, investing time into high priority things is very important. One of the greatest benefits of outsourcing is that you free up your time for other important things. This helps a lot.  This image will show you some other reasons why is outsourcing important:

You can also check this list from entrepreneur.com about successful startups that leveraged the benefits of outsourcing successfully.

key steps for your startup to effectively outsource product development

Choose the Right Vendor

Choosing the right vendor for outsourcing application development is a must. An outsourcing company with expertise in the required development skills will surely be helpful. Picking up freelancers is definitely not advisable, as they cannot be relied upon, for taking up product ownership.

One of the important points to consider while selecting a vendor for outsourcing development is the flexibility of hiring models.

This helps the startup choose a hiring plan that will optimize the costs of outsourcing in accordance with the development requirements.

It is also important to evaluate the portfolio of the hiring vendor to understand the level of specialization in different business verticals.

Defining The Scope Of The Project

The second most important step in outsourcing your product development is to define the scope of the project. First, you need to convert the business idea into a business plan and then put down what all you need from a successful product. Defining the technology with which you wish to develop your product is another crucial decision. This also helps in defining the skill levels of the teams you wish to hire.

Once the scope of the project is defined and the vendor for product development has been chosen, the service level agreement with the vendor can be created.

This helps in ensuring that the outsourced teams are working according to the plan of action.

The outsourced teams must be clearly communicated about the expectations and the milestones. This helps in developing mutually beneficial relationships with the outsourcing partner.

Communication

Keeping in touch with the outsourcing partner on a regular basis and reviewing project work in progress on a constant basis is important. This is helpful in improving project productivity levels. Motivating remote teams with incentives and appreciation is helpful in getting better business results.

Overall, a continuous communication helps you to finish tasks smoothly.

Wrapping Up

Looking to outsource your startup project? Here are some key benefits of outsourcing you software development needs to ValueCoders:

1. Flexible hiring models
2. Advanced technical project consultation
3. Agile methodology and timely project delivery

ValueCoders( a leading software development company in India)provides expert agile teams for all kinds of startup site and application development. We have teams across all our departments, all 350 of them working remotely to assist all your software development outsourcing requirements.

We know these times are rough, but our entire team is working through it. And we are doing it for small businesses, startups, and enterprises like yours; so everyone could come out safely this pandemic, together!

The post Why Outsourcing is Important For Startup Product Development? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Do You Know?

• Mobile apps are presumed to generate $189 billion in revenue by 2020.
• The ordinary smartphone user uses 30 mobile apps each month.
• As per Statista, approximately 3 billion smartphone users are there across the world.

Source: Statista

The consumers love mobile applications that are user friendly and hold excellent features. If you are running a startup, then a mobile app is undoubtedly a perfect medium to reach and target customers. Hence, entering the market by holding a leading mobile app is a great deal and a better chance to succeed compared to others.

However, most entrepreneurs often get stuck with one common question – “how to execute an idea and build an amazing mobile app?”. If the same query is bothering you, then I have a solution for that also, but for availing the solution, you just need to contact a mobile app developer expert. 

In the continuation of our previous blog naming “40 Best App Ideas for Startups,” we are moving further to find new and innovative ways of building amazing mobile applications for your startup.

Factors To Be Examined Before Building Mobile Application

Source: Google

Before building the mobile application, you should first examine a few factors that are:

• Figure out the special purpose for creating an app
• Understand your users
• Conduct market research
• Features to be introduced in the mobile application
• Select functionalities of an app
• Create app wireframes
• Choose a platform (Android, iOS, etc.)

Once after recognizing these factors, you will be able to build the top-notch mobile application for your startup, after completing this focus on building the mobile application. If you want to develop an impactful mobile application, choose the best IT outsourcing companies in India to hire mobile app developers.

KeyPoints To Build An Amazing Mobile App

For developing excellent mobile applications, you should first make a mobile app development module, and then after that, you should start working on it. The building process of mobile app development will include the following subjects.

1) Idea Analysis

Source: Google

It is the foremost thing that every business owner should consider before starting to build an app, especially when it comes to startups. An idea is something that affects the whole app since it is the base.

An idea analysis for app development comprises market analysis, competition analysis, and country-specific research. It is a perfect startup business plan for your app idea.

– Market Analysis: Right audience targeting, Unique Selling Proposition(USP), marketing channels are the key essentials of marketing analysis. Targeting the right customers is necessary because customers are the key ingredient for the success of your app. USP is needed to convince someone why your app is superior to other similar apps. Moreover, you can choose different marketing channels as per your target audience to make aware of people about your app.

– Competition analysis: Google play store consists of millions of apps, which makes it more competitive and difficult for your app to get a good reputation in less time. Since there are already a number of similar apps, you just need to design and deploy unique features into your app to gain the attention of maximum users. Moreover, you need to choose a sensible monetization strategy to curb this problem.

– Country-specific research: It is important to research well to identify the needs of different countries and fulfill them via your app. Country-specific research helps app developers design the app as per the requirements of different people across the world. It will let them embed all those features required by different people into the startup’s mobile app.

Read More: 11 MOBILE APP DEVELOPMENT TRENDS

2) Planning

Source: Google

A good plan, if executed in the right manner, can take your app towards success soon. Your business plan must have a projected profit and loss statement that establishes the various liabilities and assets that you will accumulate, ideally over a one-year period. Here are some key metrics are given below for the good planning of your startup mobile app.

– Surveys and Questionnaires: By running surveys and questionnaires, you will get unmatched insights about customer behavior that adds some weight to your mobile app business plan. If you know your target audience, it will become easy for you to ask questions about usage patterns.

– Monetization Strategy: This strategy helps you to predict the cash flow of a mobile app. Most applications focus on user growth over revenue and monetize the user base much later.

– Check for Google trends: Check Google Trends for keywords related to the idea of your application. Ideally, your application points to a problem and a growing market, and Google Trends can give you a fair idea about your potential customers.

– Use Analytics: You can also use third-party application analytics platforms such as App Annie and Sensor Tower to get more details about the size of the market and understand what you’re up against.

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3) Budgeting

Starting with a mobile application for its new startup is very profitable compared to other companies. The mobile application can be built for a price as low as less than $ 2000, compared to a restaurant’s configuration that requires an investment of $ 50,000.

Some of the significant budget metrics are given below:

– Lifetime Value: This value gives you an idea of how much money you can expect to make on average from a single user. It actually indicates the financial viability of your mobile app.

– Customer Acquisition Cost: It is a critical metric that gives you an idea of the cost per app install or CPI. For an exact CPI, you need to use some industry benchmarks. Thus, it gives you an idea of how much you can expect to spend as you go after high-value users.

– Runway and Burn rate: Your burn rate should be low as it determines how much money you need to spend per month. At the same time, the runway is defined as the total funds per burn rate.

4) Outsourcing

Source: Google

Outsourcing projects is a good decision for any startup. For startups, it is difficult to invest in hiring in-house companies when they have a low budget. However, hiring a dedicated mobile app developer would not cost much to startups and also provide the perfect mobile app development for their project as they focus on core activities. It is a cost-saving approach with many business benefits for startups.

When you hire a developer, then he/she will be solely responsible for building the mobile app. It will be their headache to provide you reliable solutions on the basis of the business requirements. Starting from choosing an app UI design to releasing it on Google Play Store or App Store, all will be done by the hired mobile app developer. But for that, you need to choose one of the best Mobile App Development Companies to hire an Android app developer or iOS app developer.

Well, usually startups, SMEs, and even big enterprises make mistakes in hiring the right developers for their business, and this ultimately offers the fallacious solution to the businesses. If you want to avoid such mistakes, then for once read  10 Mistakes to Avoid While Hiring Mobile App Developers this write-up.

5) Mobile App Marketing

There are millions of users of mobile devices and tablets. There is a substantial market for the application. You must define your target audience to whom you will market your mobile application. The narrower the target segment, the higher the conversion rate. It will also help you provide excellent customer experience and greater customer loyalties. Moreover, you can use a wide range of channels to disseminate your marketing messages, depending on your user preferences. 

Some of these channels include:

• Social media ads
• Partnerships
• Retargeting campaigns
• Organic installs
• App store optimization
• Mobile site redirection
• Content marketing
• Event marketing
• Push and in-app notifications

Without marketing of an application, the mobile app will not become popular, so to introduce the mobile app in the market, you should take major concern. You can also take help from the social marketing team to make your app popular.

Read More: 7 APP MONETIZATION MODELS TO INCREASE YOUR APP PROFITABILITY

Popular Mobile Applications

Source: Google

There are “n” number of mobile apps, but among all only a few became famous all over the world. The application, which is mobile and user friendly, holds top features, fully secured, are liked by the users, and usually, these sports become famous. From below read the names of a few Popular Mobile Applications:

• E-commerce: Amazon, Myntra
• Healthcare: Mobile MIM, Gauss Pixel App
• Fintech: Nubank, Coinbase
• Travel and Tourism: Trivago, Yatra
• Payment: Google Pay, Phone Pay
• Social Media: Facebook, Instagram

Several different industries make use of mobile applications for expanding business growth. If you also want to build such a popular mobile application, then just immediately hire mobile app developers.

Ending Words

So far, we have discussed various amazing ideas to build interactive mobile applications for startups that will help them gain many business benefits. However, cost, time, and market are three critical parameters that should be kept in mind by any startup business before the development of mobile applications. In fact, hiring a dedicated mobile app developer is the best decision for any startup in this modern digital world.

However, if you still find any difficulty with mobile app development, then no need to worry. At ValueCoders, we have an expert team of dedicated mobile app developers who have successfully delivered 500+ mobile apps to their clients across the globe since 2004. You can Contact Us anytime for your startup mobile app development project. For native app development, you can hire Android app developer or iOS developers as well.

The post How To Build An Amazing Mobile App For Your Startup? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.