challenges of monetizing a free plugin

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Challenges of Monetizing a Free Plugin @pippinsplugins

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Post on 15-Jan-2015

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A presentation on some of the challenges I have faced while trying to monetizing a free plugin for WordPress.

TRANSCRIPT

Page 1: Challenges of Monetizing a Free Plugin

Challenges of Monetizing a Free

Plugin@pippinsplugins

Page 2: Challenges of Monetizing a Free Plugin

Example

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The scenario

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A free pluginfull featured plugin given away for free

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100% Open Sourcefree to use, modify, fork, and even redistribute

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Sustainable business

A successful business based on the plugin

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Problems

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1. It is free$0.00 price tag isn't good for direct revenue

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2. Users expect free They are used to using plugins from WordPress.org

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3. Free is free500,000 free downloads doesn't pay the bills

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4. Free is expensive Users may not pay to use it, but we pay to build it

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5. Support is costlyInvesting time in support is expensive

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6. Time is money

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Page 15: Challenges of Monetizing a Free Plugin

Possible answersto how we build a business on a free plugin

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Use adsAdvertising is a huge business

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Charge for supportThe plugin is free, support doesn't need to be

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Sell a pro versionUp sell for improved functionality

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Sell paid upgradesLet users purchase individual feature upgrades

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All are viable options

but each has problems

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AdsUsers hate ads

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Charge for supportdo you require users to pay to answer simple

questions?

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Sell a pro versionmany users will only ever use the free version

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Sell paid upgradesusers hate feeling like they are being nickle and

dimed

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Variations that workbased on my experience building successful

plugins

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Sell priority supportallow paying customers to get priority support

offer basic support for free

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Sell specialized feature upgrades

customers will pay for features that are instrumental to the setup they need

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Give away lite and sell a Pro version

never underestimate the traffic on WordPress.org

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Sell annual licensesyearly renewals for continued support and updates

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Installation servicesmany users will pay you to configure the plugin

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Offer amazing support

happy customers make customers for life