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Why a SaaS Business Model Could be Your Ticket to Massive Success

by
Entrepreneur
July 6, 2022
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Summary

SaaS, or Software as a Service, is a part of almost everyone's lives today. Salesforce, Shopify and QuickBooks are all examples of these tools. So are Microsoft Office, Adobe Creative Suite and Hootsuite. Here, Entrepreneur dives into this concept and explains how a software business model could be your ticket to success. 

With lower overhead costs, a simplified sales process, more efficient operations and shockingly high multiples when you sell the company, it's hard to beat the SaaS business model.

SaaS, or Software as a Service, is a part of almost everyone's lives today. Salesforce, Shopify and QuickBooks are all examples of these tools. So are Microsoft Office, Adobe Creative Suite and Hootsuite.

SaaS flips the traditional software business model upside down by basically renting access to the software instead of charging a one-time cost.

Initially, customers hated this.

I was one of them.

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Entrepreneur
Entrepreneur

Advice, insight, profiles and guides for established and aspiring entrepreneurs worldwide. Entrepreneur Magazine is a national business publication based in Irvine, California. For nearly 40 years, Entrepreneur has been the definitive guide to all the diverse challenges of business ownership.

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