With lower overhead costs, a simplified sales process, more efficient operations and shockingly high multiples when you sell the company, it’s hard to beat the SaaS business model.
SaaS, or Software as a Service, is a part of almost everyone’s lives today. Salesforce, Shopify and QuickBooks are all examples of these tools. So are Microsoft Office, Adobe Creative Suite and Hootsuite.
SaaS flips the traditional software business model upside down by basically renting access to the software instead of charging a one-time cost.
Initially, customers hated this.
I was one of them.
This article featured contributions from the staff of EMU and Azoth. EMU contributors include Phil Rufe, Assistant Professor, Product Design Engineering Technology, and Andy Le, Additive Manufacturing Lab Manager. Azoth contributors include Cody Cochran, General Manager and Co-Founder, and John Travis, Metal AM Applications Engineer.
