Product Idea Add On To An Existing Product
Below is a MRR and PLR article in category Business -> subcategory Management.
Product Idea: Enhancing an Existing Product
Summary
During a recent discussion with Andi Sikumbang, the owner of TemplatePlazza.com, I learned valuable insights on monetizing open-source projects like Joomla.org. Joomla, a leading open-source platform known for its PHP coding, is widely recognized by webmasters.
Unlocking Revenue from Successful Software
The key question is: how can we profit from such popular software? Let me explain how Andi Sikumbang makes over $2,000 monthly through his Joomla template site.
A Successful Template Business
Andi's site thrives on a membership model. For just $35 a year, members can access his growing collection of templates. He began with five high-quality templates, which sold well, and now offers nine, attracting even more members. The takeaway here is that fulfilling a market demand with quality offerings leads to success.
Starting Your Software Business
Inspired by TemplatePlazza.com, let’s explore starting a Joomla-based software business. Joomla supports the addition of extensions, akin to plugins, which require the main software to function.
At the Joomla Extensions Directory (http://extensions.joomla.org/), you'll find a vast selection of extensions created by individuals and companies, many of which are free. For our purpose, use the advanced search feature to locate commercial extensions.
I discovered about 60 commercial Joomla-based software options, with prices ranging from tens to hundreds of dollars. This business model has the advantage of a ready-made community willing to promote your software, allowing you to focus on product development.
In summary, offering high-quality, in-demand extensions to an established Joomla community can be a profitable venture. Focus on quality and let the community assist in promoting your ideas.
You can find the original non-AI version of this article here: Product Idea Add On To An Existing Product.
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