Software Vs Dropshipping
Why white label software as a service (SaaS) is a better online business opportunity to start in 2024 compared to dropshipping.
What is SaaS ?
SaaS stands for software as a service it's software you can access via the internet instead of having to download it to your computer. A SaaS probably you use all the time is Netlfix and Zoom.
What is Dropshipping ?
Dropshipping is a method where the seller doesn't own products. When a customer orders, the seller forwards it to another company (often in China), which ships the product directly to the customer. The seller serves as a middleman between the customer and the supplier.
Let's Compare Software & Dropshipping
SaaS Software
Instant Delivery: Customers receives the product immediately
Recurring Revenue: Make regular monthly income from existing customers
High Margins: The software has one of the highest profit margins
Sell Globally: Sell your products to anyone, anywhere, anytime
Dropshipping
Slow Shipping: Orders from China take a while to arrive
One-off Payment: Usually you can only charge your existing customer once
Competition: Everyone trying out the same products and nitches
Thin Margins: High product costs and high advertising costs eat the profit
Software Successes
Did you know that some of the richest people on the Forbes 10 list made their wealth in software? Bill Gates, Elon Musk, Mark Zuckerberg, Larry Ellison, Larry Page, Sergey Brin, and Steve Ballmer all of them made their fortune in software. This is not a coincidence, software products have one of the highest profit margins, they can be sold globally, and it's open 24/7 365.
Ready to start your own software business?
We specialize in creating white-label software for non-technical people, learn more about how you can start your own SaaS business today!