$20,000 In a Single Day with SaaS (copy me)

Summary

In this video, the speaker explains how they made $20,000 in a single day with their SAS business. They emphasize that while SAS is challenging, targeting VC-backed startups is a smart strategy because these companies have large funds they need to spend quickly. By offering valuable software tools, you can tap into these high-budget clients. The video covers practical steps for finding recently funded startups and shares insights into how to connect with them directly. The speaker also promotes a community, Everything SAS, where aspiring entrepreneurs can access proven strategies and business growth tips.

Takeaways

• 😀 SaaS and business in general are challenging, and most people won't make money with it, but it is possible to succeed if you follow the right strategies.
• 😀 Vasu, a software entrepreneur from Portugal, built and sold his first SaaS business and is now growing a second one with a co-founder.
• 😀 Vasu’s SaaS made $20,000 in one day, but it's important to note that this amount includes costs, and not all of it was profit.
• 😀 The $20,000 payment came from a VC-backed startup, which needed to spend money quickly as part of its growth strategy.
• 😀 VC-backed startups are ideal clients for SaaS businesses because they must spend large sums of money on growth and marketing.
• 😀 VC-backed startups receive money in multiple rounds and are pressured to spend all of it on scaling, making them high-value targets for SaaS products.
• 😀 SaaS businesses can benefit by offering products that help these startups achieve rapid growth and meet their aggressive targets.
• 😀 Finding VC-backed startups is possible through tools like 'recently funded startup lists' and software like 'Cyber Leads' for automated outreach.
• 😀 Directly contacting startup founders or using automated systems can help reach the decision-makers in VC-backed companies.
• 😀 Vasu encourages outreach not only to startups but also to VC funds themselves, which could lead to connections with multiple portfolio companies.
• 😀 Vasu offers a private community, EverythingS.co, where he shares step-by-step strategies, marketing tips, and real-time SaaS growth insights.

Q & A

Why do most people fail to make money with SaaS businesses?

Most people fail in SaaS because it's a challenging field with high competition. SaaS requires a lot of effort, strategy, and resilience, which many are not prepared for. It's not an easy way to make money, but if you're committed, success is possible.

How did the presenter and his business partner generate $20,000 in a single day?

They generated $20,000 in one day by selling extra credits for their SaaS platform to a VC-backed startup. This payment was a one-time purchase, not a subscription, for more credits to use their service for marketing and growth purposes.

What is the key to targeting the right clients for a SaaS business?

The key is to focus on VC-backed startups. These companies have access to significant funding and must spend it quickly to grow. They are often willing to make large purchases if your product can help them scale fast.

What does it mean for a startup to be VC-backed?

A VC-backed startup is one that has received funding from a venture capital firm. These firms invest in startups with the expectation that one of them will become a high-growth business, allowing the fund to earn substantial returns.

Why are VC-backed companies great clients for SaaS businesses?

VC-backed companies are ideal clients because they must spend the capital they receive to drive growth. These companies are often willing to spend large sums upfront, which can result in big sales for SaaS providers if their products can help the startup scale quickly.

What is the role of funding in the spending behavior of VC-backed startups?

VC-backed startups are required to spend the money they receive from their investors on areas that will drive growth, like marketing, product development, and logistics. This means they often have large budgets for tools and services that can help them scale.

How can someone find VC-backed startups to target for SaaS sales?

You can find VC-backed startups by searching for lists of recently funded startups on websites like Crunchbase or by using tools like Cyber Leads, which provide lists of startups along with contact details of their founders.

What is Cyber Leads, and how can it help in finding startup clients?

Cyber Leads is a software service that provides curated lists of recently funded startups, including information about the funding rounds and contact details for company founders. This makes it easier to identify potential clients for your SaaS business.

How should you approach outreach to the founders of startups?

You should reach out to founders directly, using email or social media platforms like Twitter or Instagram. The key is to highlight how your SaaS product can deliver results and drive growth, showing proof of your product’s success with similar companies.

What is the alternative approach to reaching out to VC-backed startups?

An alternative approach is to contact the VC fund itself. By engaging with the VC firm, you can gain access to multiple startups under their portfolio, potentially leading to recommendations for your SaaS product.

What is EverythingS.co, and how can it help aspiring SaaS entrepreneurs?

EverythingS.co is a private community for SaaS entrepreneurs where the presenter shares strategies, marketing tips, and step-by-step guides based on real experiences. It’s a platform for learning actionable insights from someone who runs an actual SaaS business.