Hi guys, merry late christmas :)
25th of Octobre 2017 I released my first premium plugin (WooCommerce Order Builder - 26 Purchases) on Envato market for $29. 9th of December I published another plugin (WooCommerce Drag & Drop Uploader - 4 Purchases) for $19. Both plugins made $435 in total after Envato fees. I wouldn’t say it’s a success as the profit doesn’t even cover the time spent on development. However, it drove custom work requests that resulted in around $1K. I know that this is not a huge achievement as it went against the point of selling plugins in the first place, which is to stop selling time for money and generating passive income by putting time & money upfront. I thought of using this experience (avec) the experience from working with over +50 client in 2017 to create a better business model that’ll help me generate more money in 2018.
Let me introduce you to:
The Idea:
I'll be releasing a free forms builder with premium features on WordPress repository. Free plugin, paid version and premium add-ons. I'll not be pushing hard, will make the free plugin feature rich, but will leave space for profit. I called the plugin MegaForms, and I already started.
The Inspiration:
My inspiration is Gravity Forms, the most successful WordPress plugin of all times. GF makes more than $5Million/yr. The fact that a single plugin makes that much money per year is mind-blowing. What is more astonishing is that there is a completely separate plugin that is entirely dependant on GravityForms that makes more than $100K/yr (Graviy View). If an extension is making that kind of money, then why wouldn’t a standalone plugin make as much. I know it isn’t wise to try to replicate the success of others, but I have my own idea, and I’m intending to create my own success and I have the potential to do so.
Milestones:
The main milestone for the moment is releasing the free version of the plugin by the end of january on wordpress repo, then I’ll create more milestones based on the collected feedback and usage report. The final milestone would be of course to close $100K by the end of 2018. If this went as expected I’ll be happy, if it failed, I’ll still be good as I trust it wouldn’t be wasted time or effort of course.
Budget allocated: $500 ( hosting, domain, marketing...etc, I’ll do the development personally )
Final note:
I would love to know your opinion on this approach and it would be great if you could share any idea on how to improve the plugin, make it unique to stand in the competition. Most of you a running websites and using similar tools as GravityForms and other form builder, so tell me what you lack in those tools.
TLDR: I made some money off of WordPress development/plugins. Inspired by GravityForms success I’m planning to make more by releasing a free wordpress forms builder then sell pro-version and add-ons separately.
I’ll keep you guys in the loop.
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