How A Doctor Made $1.2M (₦432M) From Software Vending Without Any Coding/Programming Skills
Sound crazy right? Yes! I know it does, but this is no tales, because the subject of discuss Dr. Ope Banwo is a very close friend of mine. Here is a picture we took at a holiday trip abroad.
From L-R: Mrs. Bisi Akintayo, My Humble Self, A Friend Dr. Ope Banwo and Samuel
What Is Software vending?
Software vending is popularly known on the internet as Software-as-a-Service (SaaS). Software-as-a-Service (SaaS) is the licensing and distribution model used to deliver software applications over the Internet i.e. as a service. Users typically access applications on a subscription basis, making SaaS ideal for business software such as e-mail, instant messaging and customer relationship management (CRM).
What Is The Origin Of SaaS? (Source: salesforce.com/eu/learning-centre/tech/saas/)
The idea of centralizing the hosting of business applications has been around at least since the 1960s. In the 1990s, it evolved with the rise of the internet into Application Service Providers (ASPs), with third-party applications managed and hosted by an ASP vendor, but some software still required to be installed on users computers.
SaaS is an evolution of the ASP model, with vendors and suppliers managing their own software and no installation required because software is distributed instantaneously over the internet — via the cloud. Cloud computing allows businesses to consume computing resources over the internet as a utility in the same way they do electricity or water.
The SaaS-based cloud model now offers businesses significant efficiencies and cost savings, but a number of developments were necessary before SaaS could become a viable option:
Increased access to high-speed internet connections: This has made standard internet connectivity speeds adequate for using SaaS applications. More widespread broadband connectivity has also made it easier for users to access services in different locations.
Standardization of digital technologies: Common protocols make it easier to share, integrate and scale cloud-based programs and services, as well as provide better user experiences in a multi-device environment.
Growing popularity and usage of web-like interfaces: More and more users are happy to work in this way thanks to the familiarity, usability and simplicity of web-like environments.
Rapid and widespread adoption of mobile devices.
Growth of remote working. People want to be able to connect from anywhere, not just the office. SaaS solutions work well to meet this need.
Services in the Cloud:
Software-as-a-Service is now just one of several cloud computing solutions for business IT issues. Other as-a-Service options include:
Infrastructure as a Service (IaaS) where the provider hosts hardware, software, storage and other infrastructure component
Platform as a Service (PaaS) which allows customers to develop, run, and manage applications without having to have the infrastructure associated with developing and launching an app
Managed Software-as-a-Service (MSaaS) where IT professionals support and upkeep their applications
Desktop-as-a-Service (DaaS) where virtual desktop infrastructure is outsourced to a third-party provider
Database-as-a-Service (DBaaS) which allows users to access a database rather than download or host it themselves
Security-as-a-Service (SECaaS) is where a serviceprovider allows access to their security services as a subscription
Everything as a service (XaaS) which is essentially all the as-a-Service tools neatly packaged together.
Benefits of SaaS
Businesses cite many reasons for turning to cloud-based SaaS solutions, including increased efficiency and cost-effectiveness, along with scalability, remote access to services, and automatic updates.
The benefits of SaaS include:
Low setup and infrastructure costs
Accessible from anywhere
Industry-leading service level agreements
Automatic, frequent updates
How a Doctor made $1.2M (₦432M) from Software Vending without Any Coding/Programming Skills
My very good friend Dr. Ope Bamwo made $1.2M (₦432M) from sale of his software Mobimatics by using simple sales model.
How to Start Software Vending Today without Any Coding/Programming Skills
To start making money from software vending today like Dr. Ope Banwo today, you need to: Get a Coach:
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