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income - expenses = profit. As long as profit > 0, it doesn't matter how big the niche is. If you have only a single client with a custom solution, that could
by run4yourlives 19y ago
income - expenses = profit.
As long as profit > 0, it doesn't matter how big the niche is.
If you have only a single client with a custom solution, that could work. (I wouldn't advise that personally, though). If you're asking which niches could be profitable, I think the answer depends mostly on the "Expenses" part of the equation, provided income is not 0.
- drivingsouth 19y agowhat about NPV of different ideas? Different ideas and only 24 hours a day (for most of people) means that you'll have to consider them and go for the one that gives you more (whatever). profit 1 doesn't mean that is good enough, specially if compared with other ideas so your question was kinda dumb as did not added sh$%#t
- run4yourlives 19y agoI think you insulted me, but I'm not sure. I'll respond regardless. You didn't ask about how to judge the value of different ideas, you asked how big a niche market had to be for SaaS to work. The answer is that there is no pre-defined minimum niche size, so long as you can be profitable. The key part of being profitable, assuming you're bringing in any income at all, is managing expenses. It is completely irrelevant and next to impossible to gauge whether one idea is more or less profitable than another. Some comparisons may be obvious, but spending too long figuring out what idea stands the chance of making you the most money is wasting your time. Find the one you think might be the best, and built the thing. Rinse and repeat until profit > 0.