Wireframing tool for rapid product design
Balsamiq monetizes through a combination of recurring subscriptions and one-time purchases. They offer an annual licensing model where customers pay for one year of maintenance and can continue to pay annually at a reduced rate for updates and support. Additionally, they sell a Desktop version as a one-time deal alongside subscription-based Software as a Service (SaaS) options.
“We have an annual licensing model, where you buy the plugin and it comes with one year of maintenance, and if you want to continue to get updates and support then you pay again. Next year, you pay half the amount every year after that.”
“We sell our software world-wide in electronically downloaded versions, subscription-based Software as a Service (SaaS), as a standalone tool...”
“Sales are somewhat stable at $200,000 per month.”
“We had our record week... we had 475 sales.”
“Right now, we have these three business models. We have the Desktop version, which is a one-time deal.”
“Some things that help our financial stability are diversity in product types: we have single-purchase software and subscription-based options.”
“As for measuring the ROI, I have a condition that’s extremely rare. I’m allergic to metrics. It’s a medical thing.”