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Top 5 Strategies for Monetization of Open Source Software

Posted on 2.03.24
Top 5 Strategies for Monetization of Open Source Software

Successful monetization of open source software requires that the open source product is part of a marketing strategy and is aimed at specific goals, e.g.

  • support for promoting a commercial version of software;
  • support and development of the core (base version) of the software with the help or participation of the community;
  • encouraging the community to test and discover software vulnerabilities and propose solutions to fix them.

Community involvement is usually possible by having a relatively wide network of contributors (enthusiasts) to your open source software.

1) Open core model and premium modules

This approach assumes that the software developer offering:

  • kernel (basic version of the software) open source (free);
  • premium modules (paid) that expand the functionality of the basic version of the software.

2) Two versions of the software: Community Edition (open source) and Enterprise Edition (licensed)

This approach involves offering two types of software:

  • Community version (free) of your software with basic functions;
  • Enterprise version (paid) with advanced features (functionality).

3) Combination of open source software and cloud-based premium software.

When exist:

  • Community version (free) of your software with basic functions;
  • Cloud premium version (paid) of the software with advanced features (depending on the type of subscription).

4) Support and consulting on open source software

For example:

  • installation, configuration, support, update services, etc.
  • consulting services regarding software functionality and/or support.

5) Education/Training

Training courses at basic, advanced and expert levels and of varying lengths may be offered. Special training courses can also be offered upon request.
Training courses can take place:

  • remotely (online);
  • at the developer’s office or at the customer’s (client’s) premises.

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The OpenCode.md project is based on “Open Source” products targeted as “Digital Public Goods”. Such an application can be modified, supplemented to fit your needs without violating the developers’ copyrights, as well as studied for vulnerabilities, used to develop other programs, etc.

Recent Posts

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16.10.2024
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25.09.2024
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