WordPress and WooCommerce plugins for online stores and publishers
Barn2 Plugins sells its WordPress plugins with annual subscriptions that renew automatically each year, and about 40% of its revenue now comes from renewals. The company also cross-promotes its products by displaying ads for other products on plugin settings pages and sending customers discounts for buying additional plugins. Earlier, it earned revenue from designing and hosting websites for clients, a income stream that has dropped off since it stopped building new websites.
“in addition to that, like a lot of plugin companies now, but not in the past, we charge every year for the plugin and so that your license key will renew. So in order to continue receiving that support and plugin updates to new versions, you have to pay each year.”
“Like most WordPress plugin companies these days, we sell our plugins with annual subscriptions. This means that customers pay for the software every year, with automatic annual renewals. This makes a huge difference to our revenue and profitability while ensuring that we can afford to continue su...”
“with web design work, you can focus on ongoing revenue from each client where possible. So that's selling, hosting, selling email services, and also ongoing support and maintenance for the websites that you've built.”
“We are now working hard to develop software products that will appeal to users of our existing products, and use various methods to cross-promote our plugins. For example, we display subtle ads for our other products on our plugin settings pages; and we send our customers discounts for buying add...”
“And then in 2016, we switched from designing WordPress websites for other people to building WordPress plugins and selling them via our own website. So we've had a big switch ... On the plugin side of things, we're currently turning over $34,000-$35,000 a month. So that's in plugin sales.”
“we also built, I don't know, 100 odd websites for clients in the past, which we continue to host and support. But we don't build new websites anymore. So that element of the revenue has dropped off.”