Maximizing Profit: Trends for Successful Business in 2024
Key insights
- ⚖️ Democratization of business via the internet is creating new opportunities for success
- 🚀 Early adoption of trends is crucial for maximizing profits and staying ahead of the competition
- 🤖 AI companions and the democratization of software are shaping the future of business
- 🔧 No-code tools and APIs are democratizing the SAS market and leading to increased interest
- 💼 Micro-SAS presents a lucrative business model with freedom, scalability, and low barriers to entry
- 💡 Capitalizing on the SAS trend by starting a productized no-code agency can be a winning strategy in 2024
- 💰 Micro-SaaS offers high profit margins and low overhead, but requires commitment and staying updated on trends
- 📚 The WGM Academy provides resources and guidance for building micro-SaaS without code, and offers upcoming programs for personal brand content creation
Q&A
What are the considerations for starting a micro SaaS business?
Starting a micro SaaS can be more profitable than traditional e-commerce, with high profit margins and low overhead. The WGM Academy offers resources for building micro SaaS without code, but it requires commitment, action, content creation, and staying updated on trends for a successful launch.
How can one capitalize on the SAS trend?
Learn to build software without code through programs like the Future Dev program, and capitalize on the SAS trend in 2024 by starting a productized no code agency focusing on AI, blockchain, or other emerging trends.
What is Micras (micro-SAS) and its potential?
Micras offers location, time, and financial freedom, with the potential to provide a comfortable six-figure income by solving specific niche problems, using no-code tools, and leveraging existing networks for customers.
What is the potential in the SAS market?
No-code tools and APIs have democratized the SAS market, leading to a rise in interest, with micro SAS targeting niche markets as the next big opportunity due to lower barriers to entry.
How has the internet impacted business opportunities?
The internet has lowered barriers to entry for business, creating opportunities for success by democratizing software and providing accessibility to everyone.
What are some emerging trends for maximizing profits?
Future trends include TikTok opportunities, the rise of virtual reality with Apple's Vision Pro headset, AI companions, AI video, chat GPT, and the democratization of software making software development accessible to everyone.
- 00:00 Every year brings new trends, but hopping from trend to trend is not a winning strategy. The internet has democratized business, providing new opportunities to make money. Early adoption of trends is crucial for success.
- 04:26 The rise of AI and AI companions will shape the future, but the democratization of software is the biggest trend, making software development accessible to everyone.
- 09:27 No-code tools and APIs have democratized the SAS market, leading to a rise in interest. Micro SAS, targeting niche markets with specific solutions, is the next big opportunity due to lower barriers to entry. Competition is lower and doesn't attract venture capitalists.
- 13:51 Micras (micro-SAS) is a lucrative business model that offers freedom and scalability. It requires solving a specific problem in a niche, leveraging existing network for customers, and can lead to a comfortable six-figure income. No-code tools can be used to build SAS, and the trend towards micro-SAS is gaining popularity.
- 18:06 Learn to build and sell software without code using the Future Dev program. Capitalize on the SAS trend in 2024 by starting a productized no code agency and focusing on AI, blockchain, or other trends.
- 22:21 Starting a micro SaaS can be more profitable than traditional e-commerce, with high profit margins and low overhead. The WGM Academy offers resources and guidance for building micro SaaS without code, but it requires commitment and action. Content creation and staying updated on trends are crucial for a successful micro SaaS launch. The WGM Academy also offers upcoming programs for personal brand content creation. Access to the WGM Academy is available for WGMI holders throughout 2024.