I'm a fairly experienced software developer, but relatively new to the indie hacker scene. One of my long term goals is to build a successful SaaS on the side that can help me diversify my income stream and become more anti-fragile.
However, what strikes me is that whenever I come up with an idea for a SaaS, and start checking the competition, it seems the market is already very crowded. I can easily find more than 10 existing companies that do the same thing, and many of them seem quite good.
Am I too late to the game? Should I have started 10 years ago? Or are my ideas too generic and obvious?
From listening to the podcast I have learned that I need to "niche down" the product idea, and that makes sense, but at the same time it seems that when I try to niche down, it's still a crowded market.
Looking forward to hearing what you fellow IndieHackers think.
Is the SaaS market oversaturated today, or are there still good opportunities out there?