Many of the issues the modern IT sector is facing are resolved by SaaS software. Along with the above-mentioned benefits, ground-breaking SaaS technologies like Salesforce, Grammarly, GSuite, Adobe Suite, Slack, Atlassian, and many others have revolutionized the way organizations operate in the modern world. Creating a cutting-edge SaaS solution is the ideal technique to assist your clients in changing their business practices. Furthermore, SaaS was the preferred choice for more than 40% of entrepreneurs, according to Associaço Brasileira de Startups. According to Nasscom, the SaaS sector in India expanded by 75% between 2018 and 2020. These figures strengthen the SaaS use case and show how profitable it is for business owners. Businesses that would otherwise need to close their doors are now able to grow and function thanks to SaaS software.
The on-demand food market, for instance, would not expand at the same rate as it did during the pandemic. Without SaaS solutions, the healthcare sector would suffer greatly and the education sector would be unable to function. SaaS software had a favorable effect on every aspect of the industry both during and after the pandemic

Pre-revenue businesses that focus on turning a SaaS Idea into an MVP Startup requires research, validation, testing, a solution blueprint and proposal, and execution. The investment in MVP is determined by a variety of factors, including whether,

• Is the product development team internal or external?
• What is the size of the product development team?
• Is the MVP so complex that it requires longer development time and effort from the product development team?
• What is the intended sales strategy, inbound or outbound? Or both?

Before spending money on full-scale development, the majority of startup founders and business owners want to produce a minimum viable product (MVP). The first step before scaling a startup or project is to create a good and bug-free MVP. Budget management and prudent financial decisions are crucial success elements. Quality cannot, therefore, be sacrificed. However, if the company does not prepare in advance for the MVP cost, it may get carried away and quickly go over the budget cap (and financial risks are always painstaking).

An MVP development is predominantly done in-house to protect the idea and the technology aspects. In-house development allows the entire team to be fully engaged in the project leading to greater synergies. However, the cost of having an in-house team is quite high. When you hire full-time developers, you must pay for holiday pay, hiring costs, and a variety of other expenses.
A typical breakdown of an MVP product team would be like the below. However, depending on the complexity of the MVP the below figures would be substantially higher due to additional headcount.

Outsourcing MVP development can still get the business the right results since you gain access to experts from all over the world. It will also save you a significant amount of time and money that would otherwise be spent on hiring, bonuses and training.
For a typical project, you would need to hire an agency that offers development services with a full-time team. Let's consider the rates of freelance software developers.

Once the MVP is ready and can be tested with the early users of the product, a startup focuses on MVP Campaign and acquiring first few customers. An MVP marketing plan depends on the purposes of the product and budget.
The most cost-effective way to market your MVP is through inbound marketing including Social media posts, blog posts, email newsletters, and networking. Another form of advertising is outbound marketing, which include Facebook ads, Google AdWords, and Display Advertising, Cold outreach to promote content.
The outbound marketing necessitates the use of account executives, and marketing associates. Once the customer has subscribed, it needs support personnel to maintain a healthy customer relationship and to upsell or expand existing products. The cost of application maintenance, subscription costs, hosting, and any license fees will be incurred on an ongoing basis. The estimated costs are provided below.

The pre-revenue stage lasts 9 to 18 months and costs close to $1million when done in-house, while outsourcing costs about $750k to $800k.