From Social Clout to SaaS Exit – A Creator’s Growth Funnel
Building a business online starts almost always with creating content. Somebody makes videos, someone blogs, some people do podcasts, whatever. Then, usually, they try to make money off of it. But what if the content is the business? That’s the world of creators turning their skills into SaaS products. It is hard but not impossible; it is also a pretty good idea to attempt to become one.
Connecting Audience
Turning just followers into paying customers is not automatic. First, figure out a focus; what is the content good at? Content creators should focus on their audiences by connecting with their fans, their viewers, and their potential future loyal fanbase. Focus means figuring out one thing to be good at. It is all that easy. If that sounds too good, it isn’t that great of an offer for investors.
Most creators start with a free platform like YouTube or TikTok. You’re going to reach people, and it probably will not cost a lot. The platform helps build an audience. But owning that audience means getting them off the platform, maybe onto an email list or into a community. A creator is going to have to offer them a good reason, so building a community for loyal customers is key.
Monetizing Value
Free content is great, but at the end of the day, it has to be “monetized.” Selling merch is the first impulse of most creators, but how do you grow a real money business? The best model has been to find the value a creator can give consistently and then package it into a service. Something that solves a problem and can keep solving that problem by charging a little bit of price per month.
If someone’s teaching how to make better videos, there actually is a market to paying them better camera tips or ways or even editing. If a creator helps other businesses by teaching them marketing, he could teach them how to buy targeted ad space. If a streamoz helps streamers improve their channels, they will teach them how to buy Twitch followers. This is building software as a service; it is not a bad idea in general.
Converting to SaaS
The creator audience is an advantage that most SaaS startups never have. In SaaS (Software as a Service), you automate something while charging customers per month/quarter/year to automate that process while offering solutions. But converting can be difficult. Many content plans can not generate any revenue.
Creators need to know their audience’s problems perfectly and then offer subscriptions that directly solve the problem every month. They have to show that they can do something for the customer/subscriber every month. The more valuable this service becomes over time, the more the subscription price will go up, and thus, a stronger relationship will develop. Some content creators will offer discounts as a result, as they did connect with their fanbase! Win-win scenario.
Building Exit Worthy
Selling a SaaS business is the dream, but it takes work and effort. No sane investor wants a business that is dependent on just one person. The point of the SaaS service is for the content creator to automate their fanbase by being automated themselves! So, the content creator needs to create other content creators through video tutorials, online programs, or any other forms. This helps remove the creator from the equation.
There needs to be automated systems for customer success. Document things, write it all down, and turn the process into something. The more automated things are, the more valuable that business becomes to someone looking to buy it.
Thinking About Legal Protection
Turning content and a community into a SaaS business raises some legal matters that are pretty important. For instance, protecting the content is a big deal. Things like trademarks, copyrights, etc., can make or break a deal; content creators are actually legally responsible for their business.
Terms of service? Absolutely crucial. They define your relationship with users and limit your legal problems down the road; they are legally necessary. Privacy policies are also a big deal. They outline how data is collected, used, and protected; every data point is accounted for. Failing to address all of these things, the business may face legal trouble down the road. This means a content creator should always seek legal help; a good recommendation can go a long way.
Many creators burn out. That is just how it is with any sort of intense, public business. So, for both the creator and the health of the business, there absolutely needs to be plans for keeping things going, even if everyone is tired of it. Maybe one of the solutions would be taking multiple breaks.
Conclusion
Building a team or more creators who understand your perspective and can create new content without relying on you. This ensures that the business will still grow without your direct involvement as a content creator; one may not get burnt out. Creating multiple types of revenue streams, so money is still coming in even when no real work is being done (which creates less burnout for all). The key is not tying the software to simply you; it needs to have some flexibility so the business can actually be successful.
Leave a Reply