Too Long; Didn't Read
Software as a Service (SaaS) is an elegant <a href="https://hackernoon.com/tagged/business" target="_blank">business</a> model. Once you build the product, you can sell it to any number of customers. The only changes required are minor tweaks to the configuration. SaaS businesses work by charging a recurring fee. At each billing cycle, we need to re-earn the trust of our customers, creating a powerful alignment of interest between us and the customers we serve. <br> <br>For customers, SaaS just works™. They don’t have to install anything, and paying a smaller recurring fee is a lot more palatable on the balance books. For us, <a href="https://hackernoon.com/tagged/saas" target="_blank">SaaS</a> has two benefits. First, having recurring revenue makes our finances predictable. Second, it cuts down development overhead, since new products can be rolled out simultaneously to all clients.<br> <br>To understand the SaaS business, let’s deconstruct the levers that control it.