Part 7/8:
Creating a Software as a Service (SaaS) product stands as the pinnacle method for generating revenue from coding. This approach allows for recurring income while solving real-world problems.
Mark Louon’s Ship Fast Boilerplate, for instance, exemplifies how a small SaaS tool can generate substantial profits, reportedly around $100,000 per month. To pursue this path, identify a pressing issue, develop a solution, create a landing page for billing, and engage in marketing strategies. Given its high-profit potential and scalability, I categorize this as an S tier venture.
Conclusion
With a variety of ways to turn coding skills into revenue, your choice should depend on your risk tolerance, preferred working style, and the level of effort you are willing to invest.