SaaS Companies | How A SaaS Company Is Built

SaaS is simply defined as a cloud-based software that you can access via an application on an internet browser instead of downloading software to a PC.It has various advantages for users, and these include operational management, accessibility, and compatibility. If you’re looking for a rewarding career, SaaS could be an excellent option for you.

Here are some facts on SaaS:

• Companies now spend 50% more than previously on cloud software
• The SaaS industry is worth $123 billion as of 2021
• Economists predict the SaaS industry will be worth $145 billion next year
• Experts predict the SaaS market to rise to $436.9 billion by 2025
• 38% of companies say they run their business purely on SaaS

Why SaaS is an excellent career option

In the past, many people have opted for high-paying careers in law, accounting, and medicine. However, SaaS — commonly referred to as Software as a Service — is now a high-paying career. It’s often surprising for many people in traditional careers that a tech sector can pay more, but it’s often true.

SaaS professionals often come from various backgrounds, and many are college graduates who land roles in it. For example, you can find opportunities in digital roles, marketing, and sales. Most companies will require a degree to work in the field, but this also depends on the company’s size.

Here are some reasons why SaaS is a good option for you!

1 - You’ll learn transferable skills

When you begin your career working in Saas, you’ll learn many transferable skills. The sector has marketing roles, sales roles, and leadership roles. You can use these skills in any industry, and you can use the skills to transfer to other technology sectors.

2 - You’ll learn B2B skills

SaaS companies often focused their products on B2B. Therefore, when you will learn how to sell to other companies. It’s ideal if you’re looking for an intensive career in software sales.

3 - The industry is the future

One of the most incredible benefits of working in the technology industry is working alongside products and services that define the future. SaaS is a booming service, and it’s only going to get bigger. Therefore, you’re genuinely learning an advanced industry, and that gives you excellent career potential.

4 - You can transfer around sales roles

SaaS has various sales positions. Most salespeople start in an SDR role (Sales Development Representative), but many salespeople will transfer to account executive roles after some experience. The progress into higher sales roles is extremely fast in SaaS, and you’ll start earning great money very soon.

5 - It’s easy to get into

Many people are concerned about entry requirements when breaking into new sectors or industries. Thankfully, the industry is easy to get into. Although many companies require degrees, they tend to accept degrees from various institutions and in many subjects.

Three main parts of a SaaS company

There are many parts of a SaaS company. But here are 3 of the main parts:

1 - Accessibility

One of the most popular parts is accessibility. You can run SaaS software through an internet browser from any part of the world. Therefore, it doesn't matter whether you’re on Macintosh or Windows; you can still use SaaS. You can also use SaaS on iOS and Android.

If you’re working in an office, this is incredibly useful. You won’t have to worry about whether your office software is compatible, and you could even use SaaS on your mobile phone or tablet. So, how about when you're on a break or you're out of the office? Just use your mobile phone - you don’t have to be at your desk to access it!

Another huge benefit of accessibility is free time. Do you want to spend minutes or even hours of your day messing around with an application? When you use Saas, the software is already configured and ready to use. As a result, no extra time is needed for configuration and installation — it’s easy to access and start running.

2 - Hardware

Hardware is one of the main parts of a SaaS company. One of the biggest problems for many companies is their PC does not have the correct hardware for on-premises software. Furthermore, it’s not uncommon for companies to need extra investment in their IT infrastructure services to use on-premises software. Of course, businesses want to keep their costs as low as possible.

That’s where SaaS will benefit companies. Even the world’s smallest companies can now access software tools without investing in expensive IT infrastructure. Now, small enterprises can also use software that more prominent companies used previously.

SaaS is also scalable. Therefore, you can add or reduce as many users to your service as you want. You’ll only need to adjust your plan accordingly. But when you buy hardware, you’ll have to shelve the hardware if you need to reduce users or you need an upgrade in technology, etc.

3 - Data & Analytics

SaaS allows companies to gain excellent data and analytics because it’s a centralized platform. Therefore, it’s very easy to capture data from the software. In addition, companies that use its software will have access to intelligent tools and reporting. In turn, that will give companies valuable insights into company operations.

Furthermore, data and analytics allow companies to improve workplace efficiency, leading to savings and more streamlined work. Vendors also benefit from the paid subscription because there’s no need to worry about piracy, which could cost suppliers and damage the pricing model.

How can I get started in Saas?

SaaS is a new business model, and there’s still uncertainty around how to join the industry. Here are some steps:

• Do your homework - Preparation is crucial for any job interview, and you should learn about the company you’re applying to work for as much as possible.
• Be able to answer the why” question? - Many start-ups will ask where you see yourself in 2-5 years, and you should be ready to answer this question.
• Learn about the industry - You should learn about the SaaS industry as much as possible, which means learning about your company’s competitors.
• Know how you’ll add value - You should explore pricing models, the companies customers, and even sample the software yourself. Then, you’ll quickly understand how you can add value!

Learn more about SaaS by joining Uvaro

SaaS is an incredible industry to join if you’re looking to get into tech sales. Uvaro offers online courses that gives salespeople of all backgrounds the soft skills to excel in tech sales.

Upon graduation, you’ll receive expert career advice on how to land a job in the tech industry.We can’t wait to hear from you, contact us today.