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To drive home the point that SaaS is hard, check out the journey of ScrapingBee, a web scraping software built by two French guys.
In their own words…
it took us almost five years and multiple failed projects to grow a sustainable and almost bootstrapped SaaS…
In November [2020], we finally reach $10,000 Monthly Recurring Revenue. A very symbolic milestone for us, because for the first time, it allowed us to get paid (almost) the same as our previous job, and it also meant that we were profitable.
But as you can see, this took a while. We started working on ScrapingBee almost 18 months before this moment.
I consider SaaS a Level 5 online business. If you’re new to entrepreneurship, start at a lower level and work your way up 📈