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Market is saturated and it's getting increasingly hard to build sustainable software. One good thing is that the price of SaaS has gone up. That creates an open
by neerajdotname2 2y ago
Market is saturated and it's getting increasingly hard to build sustainable software. One good thing is that the price of SaaS has gone up. That creates an opening for the folks who are good at execution. I'm betting on that.
I'm out of new ideas so I'm competing on price and building tools in a crowded space like Calendly and Loom. https://neeto.com/cal https://neeto.com/cal and https://neeto.com/record https://neeto.com/record.
- whitefang 2y agoHow are you finding customers in a space that is crowded? We are also in a space that is similarly croweded and having a tough time being seen.
- neerajdotname2 2y agoI'm finding customers by existing customers recommending space. I'm going hard an competing on price. It's not easy but I don't see any other way. The savings are enormous for our customers. https://neeto.com/neetocal/pricing-comparison https://neeto.com/neetocal/pricing-comparison Hence many folks are switching from Calendly to NeetoCal. And same with NeetoRecord. Lots of folks have switched from Loom.
- _fat_santa 2y agoOur SaaS is in a different space but we're attacking the problem in a similar way. Our competitive edge in regards to pricing is all our competitors are thousand plus member orgs that come with all the bloated inefficiencies of an enterprise org. We've identified that if we can produce a product that is 90% of what the competitors are doing and then charge at 30%, we can still make a killing because there are 10x fewer mouths to feed. Our main advantage in our space is that our customers "need" our software to run their business, so for them it's always going to be the cheapest option that gets the job done (ie. us).
- risyachka 2y agoMarket may be saturated, but 99.9% of all software and apps are unusable garbage. So there's a ton of opportunity here.
- neerajdotname2 2y agoI'm not sure about them being garbage but I do believe very strongly that existing SaaS software is way way wayyyy overpriced. So there is an opportunity to build a simple, low price software that does less but just works.
- ghaff 2y agoOverpriced complaints always sets off alarm bells to me if it solves some real problem/people like it/etc. There are usually migration costs and "way overpriced" may still be a small slice of overall budgets.
- neerajdotname2 2y agoTrue. For some companies that price is not enough to move the needle. For some companies it will be. Calendly is worth 4B at this time. If I could move 1% of their customers then that's worth it for me. Executing this won't be easy by there are way more than 1% of the people who will move to save cost.
- ozim 2y agoGarbage as they mostly have too many features. You can do product with 30% of features and charge half their price. Maybe you will end up getting like 25% of their customers but if you play it well that is going to be worth still a lot.
- neerajdotname2 2y agoExcellent point. That's exactly what I'm betting on with https://neeto.com https://neeto.com products.
- 2y ago
- 9cb14c1ec0 2y agohttps://www.neeto.com/pricing-philosophy https://www.neeto.com/pricing-philosophy Rather impressive, I must say.
- neerajdotname2 2y agoThank you.