I’ll drop some more info for you and a couple book recommendations.
Subscription based SAAS is one of the best investment models you can get into. It’ll outpace real estate, stock market, scale beyond local businesses and more sustainable.
However for bootstrapped unfunded founders it’s a far different experience. It requires finding a firm solution to a complex problem because you don’t have the burn rate to waste.
This is where the idea of micro SAAS comes in. The most effective way to validate multiple ideas and find what scales.
When you find a problem that needs solved and the competition is slim but existing you can jump straight to MVP.
An example that I’ve personally profited off in the past about 2 yrs ago is crypto/NFT space. At the time to have an ethereum smart contract developed in solidity and NFT project generation done it cost between 3-10k on avg by manual developers. There was one tool on market that automated a part of the problem but was greedy and charged $1500 still.
I built a solution that did the whole process for $399, it developed the smart contract, generated, etc at a cost 10x under market going rate and had 1 main competitor at the time. In this case I jumped straight to MVP.
Refer to how @gaimed started CoAlias/SAASalias as well for another great example of starting small, validating, scaling.
In cases you’re not quite as lucky with timing and trying to validate a list of ideas to find what can scale to put time into building your mvp your best bet is to buy a few generic domains that can apply to multiple products, Use web flow, Clickfunnels, Wordpress etc build out a few generic funnels around your ideas with features and such listed and a very quick generic figma markup (upwork or fiverr speeds this up). They will be waitlist sign up forms.
Once you have a few you will launch fairly low budget paid ads around them ($250-500 per idea to run for 1-2 weeks) after which you access conversion rates and signups on each idea.
The goal here is to get base validation before building. As you do this it becomes cheaper as the ad account and pixel seasons and you can reuse on related products.
What’s working you can redistribute ad budgets from what’s not and replace what’s not working with new ideas.
Once you find an idea that converted traffic beyond everything else and had good amount of waitlist signups you move it to MVP. You can expect about 10-20% of your waitlisters to signup on mid ticket lifetime launch deals as you release the MVP. This will fund you enough to either further dev or advertise more.
Personally I prefer micro SAAS testing over throwing darts at a wall and hoping I hit a bullseye. It does involve initial risk trying to find and validate ideas though.
Few book recommendations:
The lean startup - Eric Ries
The SAAS playbook - rob walling
Getting acquired - Andrew gazdecki
Ask your developer - Jeff Lawson (more dev sided than idea validation good read though)