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I just saw this thread, thankfully you bumped it. SaaS businesses are really interesting to me but with no programming experience it's always seemed like a very expensive undertaking.
I assume you or your partner were the developers. How long did it take to build? How much would something like this cost to make if you were to hire someone to do it?
I generated the data and prototyped it, but wasn't too interested in building the production software (I was in graduate school). Unfortunately, after hiring bad contractors, I got angry and just decided to own it. So yes, I am the developer.
-If you are asking about the data, probably 10s of thousands of dollars (probably not quite 100k).
-If you are asking about the website, thousands of dollars, if not low 10s of tousands.
-If you are asking about the app, I heard a good rule thumb (from a good American dev) is about $1,000 per screen. So ours would have been tens of thousands of dollars (the UI on the odds calculator screen is particularly complicated...).
I have bids on the Android version of the app for about $10k, but that is because I am thinking of letting a shop in India take a shot at milestone development. US based would probably be twice that.
*All in, you can probably bring a relatively simple SAAS product to market for $100k. But I would find it hard to believe that one can really succeed without a technical partner except a good (non-technical) friend of my built
MedPreps.
**another thing about this question, testing for this would probably have been in the 10s of thousands of dollars as well. That $1,000 per screen doesn't take into account the complicated functions that we are running to figure out if a hand has a a wrap on a 349T board.
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What is your monetization strategy? I can't find anything about subscription costs on the website.
It is a subscription model. There is a two week free trial at which point you are signed up for whatever subscription you choose.
There is basically Texas, Omaha, or both. And they are like $5 or $10 / month and 20% less for annual billing. As a consumer it seems high, but we are quite confident in our value proposition. If we positively impact one hand a month we have more than paid for the subscription. Also, the data tracking stuff is not trivial. We have a beautiful charts library and built a really simple UI.
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How many downloads have you gotten to date?
I haven't looked in a little while. But short of a fat check in our bank account next month, we have 10s or low hundreds of DLs. We have basically plateaued within our social circles and now need to get the word out publicly.
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I give you tons of credit for getting this off the ground. The site looks great and if I were still playing poker I'd definitely use your service. Omaha seems like the best use case for this.
Thank you, that is very kind.