Should You Buy a SaaS Product Instead of Building One? My Dilemma
Considering whether to create a new Software as a Service (SaaS) product from the ground up or to acquire an existing one can be a challenging decision for entrepreneurs. Recently, I’ve found myself at a crossroads, contemplating this very choice.
On one hand, there’s a certain allure to starting with a blank slate and bringing a fresh idea to life through my own efforts. After all, many entrepreneurs take pride in the process of building something entirely new. However, I can’t shake the thought that purchasing a small, already operational SaaS might be a more strategic move.
With my background in managing successful businesses, I believe I possess the skills necessary to amplify the growth of an existing product. This leads me to consider a compelling option: investing in a SaaS that is already generating revenue. I’m particularly interested in offerings that boast a Monthly Recurring Revenue (MRR) between $5,000 and $10,000. If anyone in the community knows of an innovative and polished product fitting that description, I would love to hear about it!
Additionally, I’m reaching out to those who have either embarked on a similar journey or seriously weighed their options. Any insights, experiences, or advice before I take the plunge would be incredibly valuable.
Ultimately, I am trying to determine if this route is a wise decision or if it might lead to unforeseen challenges down the road. Your thoughts would be greatly appreciated as I navigate this intriguing yet complex choice.
