I'm considering developing a freemium SaaS application starting with one paid tier at $1 per computer per month. There are already SaaS products in the market that don't have my product's specific feature set, but if they wanted to, they could easily add it. I can envision future paid tiers at higher levels, and also this product might help sell my firm's consulting services. How do I evaluate whether this is a worthwhile pursuit?
You answered the question yourself. Preexistence of similar product is an indication of the demand. Given that your product have some additional feature, you should try to leverage the same and gain first mover advantage. Once you hit the tarmac you'll see other ideas evolving within yourself to maintain that advantage.
Secondly, there's nothing called good or bad idea. What fails an idea is absence of optimum planning and poor execution. Make sure you plan your road ahead into small achievable milestones.
Hope above should be of some help!!
Answered 10 years ago
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