What is SaaS Business

[Mika]

SaaS means Software as a Service. This is a business model where you sell software as a service. Instead of having to install the software on the user’s computer, the service can be accessed through the internet. The users will pay the subscription fees to use it. Unlike the one-time installation fee for regular software, SaaS is based on a subscription model. Users will pay for the service as long as they want. SaaS is good for the consumer as well as the service provider. If you want to buy photoshop and install it on your computer you might have to pay $700, you also need a compatible device, however, you can pay $10 per month for the subscription and all you need is internet access. While the user does not have to pay a lot of money at once, the service provider will also continuously make money.

SaaS is one of the best online business models. If you have created useful software, you will have customers and you will generate passive income.