This content originally appeared on HackerNoon and was authored by Fernando Pessagno
I currently run two profitable SaaS products, ResumeMaker.Online and aiCarousels.com. They serve different purposes, but there is some overlap (design-focused), and they share a lot of front-end and under-the-hood AI stuff. And although it has some cons, I couldn’t recommend this approach enough.
\ First: platform risks. You build something on top of LinkedIn, Twitter, YouTube, or whatever platform that’s trending today, and you’re at their mercy. They change something, you’re screwed. Having two products has been my safety net.
\ But this safety net has extra benefits. It keeps you level-headed. You’re not freaking out when a product churn spikes one month. You can make smarter decisions, not panic moves.
\ You’ve got options. You can experiment, try things out, and not have to worry about ‘this product has to work or I’m screwed.’
\ I used to have a 9to5 job. It felt secure until it wasn’t. When I got fired, it was stressful AS HELL. I only had one product at the time, and I knew I couldn’t rely on just that. That’s why, after being let go, I decided to build aiCarousels, the first AI carousel generator (I documented the whole ride on YouTube).
\ I’ve been running ResumeMaker.Online as well, which helps people create resumes, they’re different products, but because of the shared codebase, I can swap and improve features between the two easily.
\ The big challenge is probably finding two products that can share a codebase. But even if they can’t share everything, at least sharing the front end is worth it.
\ I’m not big on giving advice… I don’t know your personal goals, your market, or what you want out of this. But having two products lets me stay calm, make smarter decisions, and grow both without the constant fear of a single point of failure.
\ Yes, there are some cons (splitting my focus makes me feel like neither product is getting enough attention or growth it could), but I would recommend you AT LEAST give it a thought.
This content originally appeared on HackerNoon and was authored by Fernando Pessagno
Fernando Pessagno | Sciencx (2024-10-25T16:55:18+00:00) Why Running Two SaaS Products is My Ultimate Safety Net and Growth Strategy. Retrieved from https://www.scien.cx/2024/10/25/why-running-two-saas-products-is-my-ultimate-safety-net-and-growth-strategy/
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