{"id":374704,"date":"2020-04-26T03:03:48","date_gmt":"2020-04-26T07:03:48","guid":{"rendered":"https:\/\/financhill.com\/blog\/?p=374704"},"modified":"2020-06-07T11:52:28","modified_gmt":"2020-06-07T15:52:28","slug":"best-saas-stocks-to-buy-now","status":"publish","type":"post","link":"https:\/\/financhill.com\/blog\/investing\/best-saas-stocks-to-buy-now","title":{"rendered":"7 Best SaaS Stocks to Buy Now"},"content":{"rendered":"

Best SaaS Stocks To Buy Now<\/em>: Trends shape the world, and they influence the financial markets. Sometimes, specific industries just seem to be on fire. The spark eventually burns out, but the savvy (or lucky) investor has made the right bets or differentiated his wagers so that he walks away with a tidy profit.<\/p>\n

Sometimes though, the trend doesn\u2019t burn out. It becomes the new standard and shapes everything to come. Software as a Service (SaaS) is a good example.<\/p>\n

Understanding Software as a Service<\/h2>\n

SaaS has a myriad of different uses in a world that is increasingly online and cloud-based. For those who may be unclear as to what, exactly, Software as a Service is, here is a simple definition:\u00a0SaaS is a cloud-based application<\/a>. That\u2019s it. <\/strong><\/p>\n

You don\u2019t have to download anything or make sure that your computer has specific capabilities. You just need to be able to use a browser, and you are in. This means that you don\u2019t need to buy as much stuff, be it hardware or software.<\/p>\n

The other side to Software as a Service is that it is often subscription-based. You pay a monthly fee to use the SaaS offering. This amount is usually way less than the software itself would cost.<\/p>\n

Take Adobe\u2019s Photoshop, for example. The software used to cost\u00a0hundreds of dollars<\/a>. Today, users can get access to Photoshop as well as Lightroom and receive 20GB of storage for the comparatively low cost of\u00a0$9.99 per month<\/a>\u00a0or get access to every app Adobe makes for $52.99 per month.<\/p>\n

Granted, you can only use Photoshop when you have an Internet connection, but you get access to the software without making a substantial upfront investment, and you can cancel at any time.<\/p>\n

SaaS in Practice<\/h2>\n

In this way, SaaS is a very diplomatic way to sell software. Most people and businesses can afford the subscription \u2013 $9.99 is less than the cost of lunch for many people \u2013 and because data is stored in the cloud, users don\u2019t even need a powerful computer to do access the SaaS.<\/p>\n

The companies that sell the SaaS love it because they get predictable income from all of those subscriptions as opposed to waiting to see how many people will buy a software<\/strong>.<\/p>\n

The only real downside is that an Internet connection is required, but Internet is easy to come by in most places, so it may not be much of an issue at all.<\/p>\n

SaaS has grown in popularity as subscription media, and easy Internet access became the norm. Today, many companies are working in the space \u2013 and some are worth a closer look. We don\u2019t guarantee that investing in these companies will turn a profit, but we are excited about what the future holds for them.<\/p>\n

Slack Is SaaSy<\/h2>\n

Slack (WORK<\/a>) is a tool that promotes teamwork and collaboration. Think of it like social media meets productivity.<\/p>\n

Slack organizes everything into channels<\/a>, so any conversations, files, or questions stay aligned under that channel. The idea is to eliminate crowded inboxes. Plus, the whole thing is searchable, so you can find a conversation or a file very easily.<\/p>\n