GoonHow to Generate Hundreds of SaaS Ideas Every Year
Simon, a diversified entrepreneur, shares his approach to generating hundreds of SaaS ideas annually. He begins by emphasizing the importance of not putting all eggs in one basket and instead opting for a diversified portfolio of small SaaS products.
Introduction to Simon's Approach
Simon introduces himself as a diversified entrepreneur who has launched several successful SaaS products, including Feedhighp and Linkdrip. He emphasizes the value of building multiple small products rather than going all-in on a single idea.
Simon's portfolio of SaaS products
The importance of Diversification
Simon stresses the importance of diversification, highlighting that not all products will succeed. He advises against committing too much to a single idea and instead advocates for exploring multiple ideas simultaneously.
The importance of diversification
Identifying Unsatisfied Customers
Simon explains that he looks for unsatisfied customers by searching for alternative products on Reddit. He uses the search term "alternative to [product name]" to find relevant posts.
Searching for alternatives on Reddit
Analyzing Reviews on G2
Simon also analyzes reviews on G2, a product review website, to identify common complaints and pain points. He looks for recent reviews that are specific and actionable.
Using ChatGPT to Generate Ideas
Simon uses ChatGPT to generate SaaS ideas based on the reviews and feedback he has collected. He provides the AI with a prompt to analyze the reviews and identify potential ideas.
Using ChatGPT to generate SaaS ideas
Refining Ideas
Simon refines his ideas by combining them with his own research and waiting a week or two to see if the idea still excites him. He emphasizes the importance of not getting too attached to an idea and being willing to pivot if necessary.
Conclusion
Simon concludes by emphasizing the importance of diversification, research, and patience in generating successful SaaS ideas. He encourages viewers to watch his next video for a step-by-step guide on building a SaaS Factory.