7 New AI SaaS Ideas You Can Start in 2024
Summary
TLDRIn this informative episode, T.K. unveils a three-step framework designed to guide SaaS entrepreneurs in developing and validating their business ideas efficiently. By focusing on market specificity, the 'jobs to be done' framework, and leveraging data with AI, T.K. not only shares a structured approach to avoid wasted efforts but also generates seven innovative SaaS ideas tailored for early-stage entrepreneurs. The episode aims to empower founders to accelerate their path to successful SaaS ventures without falling into the 'one more feature' trap.
Takeaways
- 🚀 The current time is ideal for starting a SaaS business, especially with the rise of AI and technology advancements.
- 🛠️ The speaker emphasizes a three-step framework for developing and validating SaaS ideas to avoid wasting time on unneeded features.
- 🧠 The first principle is to start with the market, not the product, and to be very specific about the target market, ideally one the entrepreneur is familiar with.
- 🔍 The 'Jobs to be Done' framework is introduced as a method to understand the daily tasks and problems of the target market, which is crucial for developing relevant solutions.
- 🤖 Using AI, particularly large language models, can assist in tasks such as idea generation, investor matching, and customer finding for early-stage entrepreneurs.
- 💡 The importance of not just building a product but ensuring it solves a real problem is highlighted to avoid falling into the 'one more feature' trap.
- 📈 The speaker shares personal experiences and lessons learned from building and selling SaaS companies to provide practical advice.
- 📝 A detailed example is given on how to apply the framework to generate seven new SaaS ideas tailored to early-stage entrepreneurs.
- 🔑 The power of using existing data combined with AI to create value propositions for specific jobs to be done is demonstrated.
- 🌐 The script mentions the potential of networking and community building for entrepreneurs, suggesting an AI events match-up as one of the SaaS ideas.
- 🔗 The MGP framework (Market, Go-to-Market, Product) is briefly introduced as a comprehensive approach for developing, validating, and selling SaaS products.
Q & A
What is the main focus of the video script?
-The main focus of the video script is to provide a framework for developing and validating SaaS ideas to avoid wasting time and resources on the wrong product.
What is the three-step framework mentioned in the script?
-The three-step framework mentioned is not explicitly named in the script, but it involves defining the target market, understanding the jobs to be done for that market, and then developing SaaS ideas based on those jobs.
Why is it important to start with the market rather than the product when developing a SaaS idea?
-Starting with the market is important because it helps ensure that the product being developed is tailored to a specific group of people's needs, reducing the risk of building a product that no one wants.
What is the 'Jobs to be Done' framework and how is it applied in the script?
-The 'Jobs to be Done' framework is a method to understand what people are trying to achieve in their daily tasks and the problems they face. In the script, it is applied to identify the key activities and challenges faced by early-stage entrepreneurs to develop relevant SaaS ideas.
What is the significance of using AI in developing SaaS ideas as mentioned in the script?
-The significance of using AI is to leverage large language models and existing data to create innovative solutions that can address the identified jobs to be done more effectively and efficiently.
How does the script suggest using AI to generate SaaS ideas?
-The script suggests combining available data with AI to create solutions for the jobs identified. For example, using AI to analyze market trends for idea generation, investor databases for investor matching, or network data for finding first customers.
What are some of the SaaS ideas developed in the script for early-stage entrepreneurs?
-Some of the SaaS ideas developed in the script include an idea generator, investor match, AI mockup builder, customer finder, sleep tracker, guided meditation app, and event match-up to find community.
Why is it recommended to validate the SaaS idea before building the product?
-Validating the SaaS idea before building the product ensures that there is a market demand for the product, reducing the risk of investing time and resources into a product that may not be successful.
What is the MGP framework mentioned in the script?
-The MGP framework, as implied in the script, stands for Market, Go to Market, and Product. It is a comprehensive approach to developing, validating, and launching a SaaS product.
What is the SaaS Launch Challenge and how does it relate to the script's content?
-The SaaS Launch Challenge is a self-directed course mentioned in the script that teaches the full framework of developing, validating, and launching a SaaS product, which aligns with the content discussed in the script.
How does the script suggest engaging with the target market to validate the SaaS idea?
-The script suggests building a list of at least 100 people in the target market and engaging with them to validate the idea before starting product development.
What is the importance of the community for entrepreneurs as discussed in the script?
-The script highlights the importance of community for entrepreneurs as it provides a support network, a sense of belonging, and opportunities for collaboration and learning from like-minded individuals.
What is the role of personal health and stress management in the context of developing a SaaS business as per the script?
-The script emphasizes the role of personal health and stress management as critical components of an entrepreneur's journey, affecting their ability to sustain the effort required to develop and grow a SaaS business.
Outlines
🚀 Starting and Scaling SaaS Businesses
The speaker introduces the current favorable climate for starting Software as a Service (SaaS) businesses and shares their experience in developing and scaling two SaaS companies in the last 18 months. They pose critical questions about developing the right SaaS idea and avoiding wasted effort on the wrong product. The episode's focus is on a three-step framework for developing and validating SaaS ideas to prevent such pitfalls. The speaker also promises to apply this framework to generate seven new SaaS ideas and encourages viewers to either adopt these ideas or use the framework for their own ventures. The introduction to the 'Unstoppable' channel by T.K., the host, includes an invitation for viewers to subscribe for weekly strategies on growing SaaS businesses.
🛠 The Framework for Developing SaaS Ideas
This paragraph delves into the first principle of the speaker's framework for developing SaaS ideas, emphasizing the importance of starting with a well-defined market rather than immediately jumping into product development. The speaker shares their personal journey as an entrepreneur, the challenges faced, and the lessons learned from building a product without first ensuring it solved a real problem. The framework's second principle is introduced: understanding the 'jobs to be done' for the target market, which involves identifying the daily tasks and problems of the market segment. The speaker suggests using AI tools to assist in this process and provides an example of how to apply this to early-stage entrepreneurs, listing seven jobs that are central to this market segment.
🤖 Leveraging AI for SaaS Idea Generation
The speaker continues to elaborate on the framework, focusing on the third principle: generating SaaS ideas by combining existing data with AI. They propose a method for creating compelling SaaS ideas by considering the data available to the target market and how AI can offer insights or solutions. Live demonstrations are given on how to apply this principle to the early-stage entrepreneur market, resulting in seven distinct SaaS ideas. These ideas range from an idea generator to an investor match service, an MVP mockup builder, a customer finder, a sleep tracker for health, a guided meditation app for stress management, and an event match-up service for community building.
🔍 Validating SaaS Ideas with the MGP Framework
The speaker transitions to discussing the validation of SaaS ideas using the MGP framework, which focuses on market, go-to-market strategies, and product development. They emphasize the importance of engaging with the target market to validate ideas before investing time and resources into product development. The speaker introduces the 'SaaS Launch Challenge,' a self-directed course designed to teach pre-founders how to develop, validate, and eventually sell their SaaS ideas. The course covers the entire process from idea validation to pricing and demo strategies, aiming to equip founders with the knowledge to successfully operate their own SaaS businesses.
🌟 Empowering Founders with Actionable Strategies
In the concluding paragraph, the speaker reflects on their passion for building SaaS companies and coaching founders. They stress that the strategies and frameworks shared are based on practical experience and are designed to help avoid common pitfalls. The speaker encourages viewers to subscribe for more episodes and to share the content with others who might benefit from the insights. They also highlight the importance of having a strategy for both life and business, positioning themselves as a guide for those who wish to pursue an 'unstoppable' path in entrepreneurship.
Mindmap
Keywords
💡SaaS
💡Framework
💡Market
💡Jobs to be Done
💡MVP (Minimum Viable Product)
💡AI (Artificial Intelligence)
💡Validation
💡Scaling
💡Entrepreneur
💡Burnout
💡Community
Highlights
The current period is one of the best times to start a SaaS business due to the 'air wave'.
The speaker has developed and is scaling two SaaS companies within the last 18 months.
A three-step framework is introduced to develop and validate SaaS ideas without wasting time on the wrong product.
The importance of starting with the market rather than the product when developing a SaaS idea.
The Jobs To Be Done framework is emphasized for understanding the daily tasks and problems of the target market.
Using AI to generate a list of top tasks for early-stage entrepreneurs as an example of applying the framework.
The speaker's personal experience of building a full-featured product without market validation.
The success of the last company developed by the speaker, backed by notable venture capital firms.
Coaching over 500 founders on the framework for growing SaaS companies.
Seven new SaaS ideas are developed live using the framework, targeting early-stage entrepreneurs.
The strategy of combining existing data with AI to create compelling SaaS solutions.
Developing an AI idea generator by leveraging market trends and user inputs.
Creating an investor match service using public investor data to connect entrepreneurs with potential backers.
The concept of an AI mockup builder to help visualize early-stage products without coding.
Using network data to find first customers for a new venture.
Introducing an AI sleep tracker to help entrepreneurs maintain their health.
Developing a guided meditation app powered by AI to assist with stress management.
Finding community through an AI events match-up service for entrepreneurs.
The MGP framework: Market, Go to Market, and Product development stages.
The SaaS Launch Challenge course as a resource for learning the full MGP framework.
The importance of validating ideas before building products to avoid common entrepreneurial pitfalls.
Transcripts
Now is
one of the greatest times
to be starting a SaaS business,
especially because of the air wave.
In fact,
in the last 18 months alone,
I started developing, validated.
And I
am actively scaling
two specific SaaS companies.
Here's a big question, though.
How do you actually develop
your SaaS idea?
How do you make sure you're picking
the right SaaS idea?
How do you make sure you actually don't
waste months
toiling away coding and end up
building the wrong SaaS product?
In this episode,
I'm going to walk you
through my three step framework
on exactly how to develop
your SaaS ideas and validate them
so that you don't waste months
building the wrong product.
And I'm going to do
you even better
as I explain what the framework is.
I'm going to actually apply the framework
and develop seven new SaaS ideas.
It is my sincere hope
that you actually steal
one of these ideas at all of them.
I love.
Or you actually use the framework
to develop your own SaaS idea.
Either way, my goal for you
is that by the end of this episode
you are going to know
exactly what you need to do
to actually accelerate your path
to owning and operating
and scaling your own SaaS business.
Intro
That's everybody.
Welcome to Unstoppable.
I'm T.K.
and on this channel I helped
SaaS founders
like you grow your size businesses faster
with an unstoppable strategy.
Now, if new to this channel, welcome.
I drop an episode every single Sunday
with actionable strategies and tactics
from the trenches
on how to grow your SaaS business faster.
So if you're new, be sure
to hit that subscribe button
and that bell icon.
That way
you'll get notified
every single time I drop an episode
with the TC Energy.
Now, if you're already
part of this community,
if you're part of my SaaS, go to market
coaching program.
If you're a customer of one of my SaaS
companies, five people.
Welcome back.
It's so awesome to see you over here.
I remember when I first started
getting into the SaaS game,
I had a day job
as an engineer
at one of the largest hedge
funds in the world,
but I knew I wanted
to become an entrepreneur.
I knew that
I wanted to start my own SaaS business.
So I adopted this schedule.
I started developing this product
and I used to wake up at 6 a.m.
and I was to work until 8:30 a.m.
in the morning
then I would drive to work.
I would be at work from 9 a.m.
to 5 to 5:30 p.m..
I would then drive back
and then I would eat dinner
and then from 630 to 7 p.m.
all the way to 11 p.m.
at night, I would then code again.
I did this schedule for months
building a really full featured product
and every single time
I put it out there a little bit,
nothing would work.
And so I would go back
and add more features to the product.
I fell into the one more feature trap,
and after months of building
and building and building,
I realized
I hadn't built a product
that people actually wanted.
solve the real problem
and wasted all those hours
and all those months.
But eventually
I figured out
how to actually develop ideas,
how to actually take them to market.
My last company, Toyota,
which is what I developed
after that
failed product,
amassed 100,000 registered users.
It was backed by the likes of Andresen
Horowitz, Jackson Square Ventures.
We grew that company
and then we exited it to a market
leader called Marketo.
Over the last 18 months,
I've actually developed
two new SaaS ideas taking in the product
market fit,
and they are now scaling in revenues
and over the last five years
since I sold Tout app,
I've actually coached over 500 founders
on this framework
on how to grow SaaS companies.
So in this episode I'm
going to walk you
through that three step framework
and I'm going to give you seven
new SaaS ideas that either
you steal
or you develop your own
using the framework.
I'm about to teach you.
So if you're excited to dig in
and smash up
like button for the YouTube algorithm,
let's go to principle number one.
So principle number one in developing
your SaaS ideas.
And what I'm going to do
is give you the framework really quickly
and I'll show you how
I apply it, and developed seven new
SaaS ideas,
so I'm going to literally walk
you through it.
So principle number one,
everyone thinks it's product,
and that's the mistake
that BTK made as he woke up at 630
and started coding
and created all this stuff.
What you don't want to do
is start with product.
You actually want to start with market.
You actually want to get very specific
about the specific market
and more importantly,
the specific group of people
that you're going after.
more times than not, this tends
to be a group of people
that you already know.
So in this case,
as we're applying this framework,
step number one, I'm
going to do the work with you
and you're welcome to do this.
As long as you watch this video,
grab a piece of paper
and start to flesh us out.
The target market
that I really want to go after
for my SaaS idea is that I want to
develop is a market
that I'm really familiar
with since the early stage
entrepreneurs.
These are folks that are breaking out
and starting their own company.
So I'm going to be focusing on them.
So that's principle number one.
Get super specific
about the target market.
Specifically,
who is it that you're going after?
And ideally
you're going to be able
to think of five, ten, 20 people
that you already have in your network
that totally fits that description.
That way you're not making up a segment.
Once you have principle number one down,
the next part of the framework is
the jobs to be done.
Framework
Jobs to be done
is essentially
if you're going after this market,
how do you actually understand
what these people do
in order to solve problems for them
and develop ideas
you actually want to first start
to understand
first principles is
who are these people
and what do they do on a daily basis?
What's their job and the jobs to be done.
Framework is one of the best ways
to think about
what is it
that these people do
on a day to day basis.
Now, if you want to cheat a little bit,
you're more than welcome to.
If we're talking about ideas,
you should be using
AI as you're doing all these things.
You can actually go into chat
and you can ask it, Hey,
do you know what the jobs to be done
framework is?
And I'll say, Yeah, absolutely.
Then you can say, Cool,
I'm developing ideas
for early stage entrepreneurs.
Can you give me a simple bulleted
list of the top seven things in the jobs
to be done for early stage entrepreneurs
and chatting about
you will do a pretty good job
of listing it out for you.
Now ideally you look at that,
but you also know this market,
so you should be able to come up
with seven of your own.
So let's do this
for early stage entrepreneur.
First, I want to list out
seven jobs to be down, down
point seven things
that they do on a regular basis.
This is how you start
to develop your idea.
Now, the key here is
I haven't written a line of code,
I haven't developed a product.
What I'm really trying to understand
first is
what are the things
that they have to do on a daily basis
and what are the problems that exist
as they're doing those things?
That's the whole point of this.
And when you do this
in the first principles way,
you're going to be able
to make sure that whatever product
you're developing,
whatever solution
you're creating, is actually tied
to a real problem that these people have.
And it's not just any group of people
or all
groups of people, it's
a specific group of people.
This is the kind of thing
that I wish
BTK knew
as he was waking up at 630 in the morning
and working till 830
and then going to his day job
and then coming back and working again
and spending eight months
in the one more feature crap.
I literally wish I knew this.
Now, the thing is,
this is one of the biggest reasons
why I do this channel.
This is one of the biggest reasons
why I have my coaching programs.
The reason I have
this is because I want to make sure
that the things that I really needed
when I was starting out in the SaaS game,
when I was scaling companies
for the first time,
the mistakes or the pain that I had,
I can actually teach those lessons
so that your journey is that much better.
That's the main reason I do this.
This is something I wish I wish
BTK was watching this video.
That's how I create these videos.
let's implement this
so we can develop our seven SaaS ideas.
So the jobs to be done
for early stage entrepreneurs
and ones that I really like,
especially as I think about my own
journey, is
I think about over 500 founders
that I coach here.
The top things
that the super early stage entrepreneurs
that have to deal with,
first thing that
they have to deal with is they
have to find ideas.
That's why you were likely
watching this video.
The second thing they have to do
is find investors.
In a lot of cases,
you may not need investors,
you may be self-funding it,
you may be bootstrapping it,
maybe taking a portion of your salary
to invest in yourself
and bootstrapping this company.
All of it is fine,
but this tends to happen as well.
in case you're bootstrapping,
you can think of it as advisors
as well, right?
The third thing
they have to think about doing
is a need to build some sort
of an MVP minimum viable product.
At some point
they're going to have to build an MVP
so they can show their ideal customers
like, Hey,
this is kind of what I'm building with.
You find value in it.
The fourth thing they have to do
is they essentially have to find
first customers
like the first set of customers
and most likely
the first set of customers
is going to come out of own network.
this is a small side point,
a little side question, that's okay.
And Smash, I like by the sequester.
Okay,
If you're targeting a certain market
and you don't have a group of people
in your existing network,
that can be your first customers
and it may not be the
right market for you.
So if you are targeting clowns
and, you know, zero clowns don't create
software for clowns
is like a simple principle
to follow on this one.
Because if you target people
that you already have in your network,
you're just going to be
that much more likely to succeed.
And also maybe don't create software
for clowns.
I don't know.
number five for early stage founders.
And I wanted to go
a little bit on the job,
on a little bit outside
of just the business,
because for entrepreneurs,
it's a mix of their personal lives
in their business
is maintain their health.
So many founders burn out
and they actually don't know
how to manage your energy
and manage your stress.
So maintaining health is super important
and that's part of their job. So be done.
The best founders
know how to maintain their health
as they're going through this grind.
Number six is stress management.
That's also part of the jobs
to be done for an entrepreneur.
number seven is
you need to find community
because if you're doing this alone,
it sucks.
You want to be connecting
with other like minded founders.
You want to hook into a community
and you actually want to make sure
that you're sharing your journey.
Otherwise it's really,
really lonely, right?
So this is this
actually the jobs to be done?
That's principle number two.
The principal.
Number one is get specific
about the market you're going after.
Number two is double click on that
and actually define the jobs to be done.
It's a great framework
to really flesh out
what's going on in their day.
Do I know enough about these people?
And out of that can come
potential problems
that I need to be solving.
Those are two principles.
And the third one,
I'm going to show you the seven ideas
that you can steal
based off of this framework.
But before I do that,
let me pause here for a second.
Are you starting to see
the power in this?
The big reason I actually have
this framework
is to make sure that founders
and entrepreneurs and engineers
who are looking to quit their jobs
and actually start companies
do not quit cold turkey and start coding
and instead
they actually create a real thesis on
what's the market I'm going after.
Who are these people?
One of the problems that they have
and one of the ideas
that I want to go validate,
that's the power in this.
If you're starting
to see the power in this,
you start to see how
this will make sure you don't waste
months building the wrong product.
Can I just get a yes in the comments
below
and also smash a like button
for the YouTube algorithm?
He just loves it when you do that.
Now, as part of this framework,
the way I actually develop these ideas
and go validated in the market
and then start building
is what I call my MGP framework.
And in this video I'm focusing on the amp
that's market
guys go to market and P is for product.
Now, I'm not going to going to go
to market
and product in this
because I
really want to just
developed ideas first.
But if you want the full framework
and you actually want
to implement this framework
so that you can be operating
your own SaaS company,
then be sure to check out
my self-directed course
for what I call pre founders.
These are folks like you
that are just starting out
on your journey.
It's called the SaaS launch Challenge.
I'll tell you more about it
at the end of this episode,
a link to it below.
But let's go into principle number three.
So principle number three is
where all this comes together.
Now that I know who I'm targeting
and I know what their job
should be done is,
now I can start to talk about ideas.
So I'm going to develop
seven ideas that either you can steal
or it'll inspire you to develop your own
using this framework.
So out of these,
now that I know what the jobs are
that I really care about,
that I think
are really important,
I'm going to develop seven ideas now.
The best way to develop
any SaaS ideas today, this is quick trick
that you can use
to develop
really compelling
SaaS ideas is you want to think about
what's the data
that already exists for them,
meaning for these folks, this market
you're going after,
what kind of data
already exists
either within their own companies
or within their own data set
or publicly available
and what you want to do
is combine that data with AI,
in this case really an alum,
large language model,
and that essentially creates
your SaaS idea
because what you're going to say is like,
Hey, give us access to your data,
we'll take the public
data will combine an L
and that we've custom
configured with our prompts
and we'll give you some sort of an output
that is the best way to develop
these SaaS ideas right now.
So the way I'm going to develop
these seven SaaS ideas,
I'm going to do it
live as I work with you is I'm literally
going to look at
what's the job to be done,
what's the data that exists,
and how can I combine that
with an AM to give them a solution
to the job that they're doing
so that they can actually hire my product
to help them do it?
so let's actually play this out.
The first one is fine ideas.
So this is super simple.
You can create an idea generator
and again,
you want to ask
what kind of data is available publicly.
Well, there's market trends
that are available
that combined with an alarm
plus some inputs from the user,
you can actually start to generate ideas.
So in this case,
you could create
an AI platform that says, Hey,
just give me the market
you want to go after.
And you put in early stage entrepreneurs
and it looks at all
the macro trends for early stage
entrepreneurs and knows
jobs to be done framework
and it spits out five jobs to be done
and five ideas
that could be a product, right?
There could be a by product
generated outcome.
In fact,
someone should totally build that.
If you build it, put it in the comments
below and smash out like one.
The second idea that you can do,
if they want to find investors
while there's lots of public
investor data available,
what you can do is say, Hey,
I'm going to find you and I investor
match, meaning I'm
going to look at what you're building.
I'm going to look at your pitch deck.
I'm going to look at the public
investor database
and understand what they invest in.
And I'm going to match you up
with a prioritized list of 20 investors
that are more likely to invest in you.
And that could be
a really compelling stats idea
if they're building an MVP
while now is getting really powerful.
So you can take a bunch of inputs
and you could do an AI mock up builder
so you can build interactive mock ups.
Maybe you don't build out
the entire application,
but you can take certain inputs.
And based on that and using lab and using
all the models
that exist today that can generate code
and generate visuals,
you can actually do an A.I.
mock up builder
so that these entrepreneurs
can really start
to see their idea
come to life
even before they write a line of code.
When I look at find first customers,
well,
I know that with first customers, it's
going to come out of your network
unless you're selling to clowns,
in which case,
unless you're a clown yourself,
you probably don't know
any clowns on a personal basis.
You don't know enough of them.
So more importantly,
there is data on who you know.
It could be a LinkedIn graph,
what you could do in a customer finder
where you can say, Hey,
just tell me what market
you're going after
and I'm going to look at your network
and find you ten people in your network
that you should be selling this to.
And that could be super powerful as well.
When you look at maintaining your health,
this is kind of switching,
It's going beyond just their business.
But just as important for this early
stage market,
you want to maintain your health
while maintaining health.
There's so much health data
that's available that you can tap into
for any given individual
if they let you access it.
So you could easily create an AI
sleep tracker
and it could be a yes or no.
Are you getting enough
sleep over the last six week
period versus not?
And it's either red, yellow or green.
And that could help the entrepreneur,
of course, Correct.
If they're getting close to burnout,
you're looking at stress management,
well managed stress
management is one of the biggest things
that founders conquer.
The most successful founders
figure out how to manage your stress.
You get comfortable
with the discomfort those.
That's how you play the game.
Well, you could create an AI guided
meditation app
that manages
their stress,
so you can actually create
some sort of an app
that takes some inputs
and helps
guide them through some questions
and get to a really good state
in terms of expressing gratitude.
You can do all kinds of things.
In fact, this one's really cool.
Actually built a product.
I have a microsoft product
that makes like 200 bucks a month
and it's just like slowly growing.
We don't really promote it
that does exactly this for entrepreneurs.
You can check it out, a link to it
below its Unstoppable Sun account.
Number seven Find Community.
This one's really interesting
Being a founder is a lonely job
and it's a lot more fun
if you find others
that are weird like you.
Most people aren't
going to start companies.
Most people aren't
going to be entrepreneurs.
So you're part of the 1%.
So finding those people,
when you find those people,
you actually feel like you belong.
So finding
communities is super important.
Any entrepreneur will want that,
or you could do an AI events match up
where you can
understand who this person
is, where they live, any data that exists
in terms of their Facebook profile
with their likes and dislikes.
Ah, you can look at a list
of publicly listed events
and you can match them up with events
that they should be going to
in your local area
and that could be really cool as well.
And just like that,
we should put a giant timer over here
of how quickly we generated seven ideas,
but that's how you can actually start
to generate ideas.
And those are my seven SaaS ideas.
If you want to go
after the early stage entrepreneur market
and that's super, super powerful.
so now let's recap
everything we covered
because we covered a lot.
Number one,
in order
to actually make sure
you don't waste months
building a SaaS product
and then realizing
there's no market for it
and no one wants it in your
one more feature trap
and you built a bunch of stuff.
The first thing you should do in my MGP
framework is market.
You want to actually specifically define
what is the market I'm
going after that
I want to solve problems for.
Then you want to use jobs to be done
framework
to actually flesh out for this market
what are the jobs to be done?
And you can use a chatty beat prompt
to get some initial ideas,
but you should definitely be going
after a market that you know stuff about
you have domain knowledge around.
So in this case
I did early stage entrepreneurs
and I fleshed out these seven jobs
that they have to do.
Once you have the jobs to be done,
you want to think about
the framework of data plus AI.
So what's the data
that exist publicly and privately,
and how do I combine them with air
to give them insights?
And based on that,
you can look at each of the jobs,
figure out what data exists
within that context of that job,
public or private,
and how you can use
AI to actually give them insights.
And that's how you flip it
to actual solutions
that you can start
to go test in the market.
in this case you can do an idea generator
for finding ideas
and investor match for finding investors,
mockup builder
for building an MVP customer
finder for finding
the firsthand customers
you should be selling to
in your own network,
a sleep tracker to look at the sleep data
and making sure
that you predict burnout for founders
so that they don't burn out
a guided meditation app
so that you can actually help them
manage your stress
or you can match
them up for events either
local or within a 200 mile
radius based on their likes and dislikes
and what part of the industry they're in.
And that way
they can actually find community.
And just like that,
there are seven key ideas.
And now you know how I actually
develop SaaS ideas
to make sure I don't waste
months building the wrong product.
Now, what you may not know is, okay,
how do I know if this idea is any good?
I made them okay.
Follows the framework is ties to a job.
How do I make sure that I'm competitive,
I'm differentiated
and people will actually value this?
Do I start building the products like?
No.
That's the second piece of the MGP
framework.
First you do market,
then you actually go to market.
What you want to do is engage with this
market and validate your idea first.
And once you've validated idea,
once you've built out a list
of at least 100 people in that market,
then you can start
to actually build the product
because you've now validated the idea.
This is what I call my MGP framework.
And if you actually want
to validate your idea,
if you actually want to go out there
and flesh out the full
framework of the MGP of this
and start to actually validate
and stress test, is this idea any good
and then start to build a product
and then start to message the product
and build a list around it
and then start to price it and demo it
you want to do that whole thing
so that you are operating
your own SaaS business,
that I encourage you
to check out
my fully self-directed course
on the SaaS launch Challenge.
The SaaS Launch
Challenge teaches you
everything you need to know
to develop your idea
to actually go to market
and tested and validated it,
and then to actually start
building the product and start
selling it
everything down to how to price it
and how to demo it
so you can actually start
to convert to revenues.
This is an incredible course.
Over 250 founders, pre founders actually
specifically were
pre founders have gone
through this course to develop
their SaaS ideas and get to revenues.
is incredible.
It's the type of thing that I
wish existed.
So if you want to do this
and actually deploy this framework
and be operating your own SaaS business
and just go to Kate eCommerce
Life Challenge ticket or eCommerce
challenge,
if you got value from this video,
please mash up like button
for the YouTube algorithm.
It just loves it when you do that.
And so do we.
We honestly put a lot of love
into these videos.
Also, I drop an episode like this
every single Sunday
with actionable strategies
and tactics from the trenches.
The reason I say trenches is
this is not theoretical.
I have actually built SaaS companies,
I've scaled them, I've exited them.
I have built more
SaaS companies
using the frameworks that I teach
and I've coached over 500 founders.
I'm in it in the trenches with you,
building with you, and that's why
I'm here.
That's why I love doing this.
And so all the principles I share
is not theory, it's not something
I did once, it's
something I did multiple times.
And that's why I share them here
so that you don't make the same mistakes
I did.
You don't make the common mistakes
we all make.
And that's
essentially why
I create this channel,
why I run my programs,
and why I create more software companies.
I love this game.
if you want to make sure you get notified
when I drop another episode, be sure.
Hit the subscribe button
and the Bell icon.
If you have a fellow founder,
if you have a team member here,
a friend
that you want to start a company with,
and you both want to quit your jobs,
but you don't want to make sure
you don't quit cold turkey.
Share this video with them,
get them pumped up and then join the SaaS
launch challenge and start
developing your idea
and testing it in the market
so that by the time
you are quitting your job,
you already have some initial revenues
and you know
you have some sort of a safety
net and a plan
versus just staring at a blank screen
and figuring out what do we do now.
Also lastly, remember,
everyone needs a strategy for their life
and their business.
When you are with us,
yours is going to be unstoppable.
I'm T.K.,
and I'll see inside the SaaS
launch Challenge
and also the next episode.
Take care, everybody.
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