Start A Screensharing Software
About
Starting a screensharing software requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell screensharing software, or selling screensharing software online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a screensharing software ➜
Key stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
| Office Space Expenses | $35 | $3,250 |
| Employee & Freelancer Expenses | $0 | $5,500 |
| Equipment & Supply Expenses | $500 | $5,000 |
| Website Costs | $232 | $6,500 |
| Business Formation Fees | $5,600 | $20,400 |
| App Creation Costs | $1,099 | $20,099 |
| Software Expenses | $150 | $3,044 |
| Advertising & Marketing Costs | $0 | $3,000 |
| Other Expenses | $0 | $800 |
| Total Startup Costs | $7,616 | $67,593 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
unknown | ara.apple.com | #41 |
|
Screen Sharing, Online Meetings & Web Conferencing | join.me | #17,790 |
|
CrankWheel | crankwheel.com | #236,211 |
|
Dead Simple Screen Sharing | deadsimplescreensharing.com | #665,822 |
|
Screened Threads | screenedthreads.com | #3,497,014 |
|
Tennessee Screenwriting Association | tennscreen.com | #4,156,567 |
|
andy matthews | andymatthews.net | #6,161,057 |
Pros & Cons
| Pros | Description |
|---|---|
| Flexibility | You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
| High customer retention rates | Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
| High margins | The gross margins for your screensharing software are typically around 65%, which is considerably high and allows you to grow your business and manage costs easily. |
| Gain exposure and experience | This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you! |
| Predictable income stream | Your businesses income stream tends to be predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless! |
| Higher likelihood of getting referrals | This business is all about referrals, which can be a a very impactful way to attract and retain customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product. |
| Cons | Description |
|---|---|
| Longer Sales Process | A screensharing software can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers. |
| Security Issues | With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road. |
| High employee turnover | In the screensharing software, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment. |
| Churn | In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible. |
| Time commitment | With starting a screensharing software, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business. |
| Complex development process. | The development process for a screensharing software can be quite complex, which may cause delays and challenges when launching and growing your product. |
Marketing Ideas
-
1
Direct sales
You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process. Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
-
2
Word of mouth
The most tried and true way to grow a screensharing software is through word of mouth - some entrepreneurs would say it's more important than all social media.
-
3
Advertising on social media
Social media advertising is one of the leading ways to get the word out when it comes to screensharing software.
There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.
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