SAAS: The Next Millionaires Factory

We all know about how real estate produced most number of millionaires and quite a huge number of billionaires. But, in modern times its quite difficult to get into real estate. Its' expensive moreover good real estate deals are not readily available. If not real estate what could be the next big thing that will generate most number of millionaires? Wouldn't it be great if you knew answer to that question? The answer to this question can be derived by looking at the financial wave. Before that, what is financial wave?

Financial Wave

Financial wave is basically a shift of money with an uprising market trend. The theory of financial wave is inspired by Elliott wave principle which applies to stock market. But, financial wave theory applies on the general market. Every decade there is a shift in consumer demand. New products are adopted and with respect to that new market trends lead to new financial shifts. For example, in 1900s the idea of building mortgage emerged which lead to a huge shift in consumer demand towards real estate. This shift gave a huge financial shift towards residential real estate.

As the world progressed new industries started to build and commercial land was required by enterprises and small businesses. This lead to a huge shift towards commercial real estate and the money started flowing in that direction. Then came another shift towards rental real estate. As the prices of real estate started to increase with high demand it was becoming more and more difficult to buy land for commercial or residential purpose. Then came the wave towards rental real estate. Enterprises found it economical to rent and renting was more affordable for people who moved to new cities and towns. This gave market the biggest real estate financial shift and that's when real estate started producing millionaires like crazy.

The Next Financial Wave

We all Internet is the next big thing and as a business we all should look towards internet when we look for next big opportunity. My belief is SAAS that stands for Software as a Service will be the next big trend in the market. And it will be just like real estate. Just like real estate the consumer market for SAAS is not just end user customer but also enterprises and small businesses. And the demand for SAAS will be at its pinnacle in coming years. But, before we dive deeper into the SAAS market outlook. Let's try to understand what SAAS actually is.

Understanding SAAS

SAAS stands for software as a service. Any application that turn a software into a service for business or consumer is SAAS. For example, WIX a company that gives you a tool to build websites. MailChimp a website that gives you marketing tools as service by charging a monthly fee. Though the traditional definition of SAAS limits it to just software as service. I also like to include platform as a service application in this category because PASS doesn't sound that fun. Zomato, Swiggy, Ola, Uber these are some examples of Platform as a service.

Why SAAS will continue to grow?

If you want your motorbike to be repaired you don't go and learn how to fix it instead you take it to a mechanic who fixes it for a price. Its more economical and saves time to hire an expert do things than to invest in your own setup. Same goes with the software world. Why would a business invest in building marketing tool when it can use MailChimp for minimal price and high quality service. The business doesn't have to focus on maintaining the infrastructure, doesnt' have to care about the internal workings, bugs, and stuff. All it needs to do is get a subscription start using the software and if it finds some issue raise that to support team of the SAAS provider.

• Paying for SAAS saves you time and money
• Very easy to setup and get things done quickly
• Feature on demand. Many SAAS platforms comes with option to upgrade your features or downgrade as per your needs.
• No need to worry about the load on servers. SAAS platforms are highly scalable.
• New releases brings new upgrades.

Why do I consider SAAS a millionaire's factory?

How did real estate made people rich? Flipping and rental income those are the two primary factors. You can easily sell your SAAS platform to a bigger organization for quick cash. People have sold their SAAS solutions for millions of dollars. Once a SAAS is setup and subscriptions are in place you get paid to do nothing. Just like real estate rental incomes you get subscription income every month. These subscription payments unlike real estate increase without further high investments. In a real estate property you can only have one tenant at a time but in the case of SAAS you can have thousands or even millions of tenants at the same time.

If you disagree with my view or have an alter opinion do leave a comment.