It’s now been a little over 5 years since selling my first plugin. What a journey! Having recently crossed the $1M milestone, I feel like a wise Yoda, ready to share my plugin selling knowledge with the world.
Let’s dive right in!
- Build for existing demand.
When I first started, I tried doing plugins that I personally thought were cool or interesting. Unfortunately, just like in real life, trying to convince someone to buy something they haven’t even thought of is super hard - without saying how hard it is to even get them on your landing page in the first place.
What’s much easier (and more effective) than having a “genius idea” is to build for existing demand. Target a niche where existing plugins are doing well, but you feel like you can do a better job, either in terms of features or in terms of design.
- Plugins + Subscriptions =
This one is a tough one because it depends on your product and not all products are well suited for subscriptions.
Coming from Envato, I used to think subscriptions were all about recurring revenue, which you also got with lifetime products. What I didn’t realise was that they’re also about price anchoring and different target audiences.
Subscriptions allow you to offer a great price to users who are not ready to make a big investment just yet. And they provide a price anchor so you can sell lifetime deals for what they’re really worth.
- Have the best product!
This one sounds stupid, but the point is: If you cannot do something better than the best, don’t even bother!
I’ve had both successful and less successful plugins; the ones that really do well are those where you’re a class above the competition. The other ones? They’re a time sink.
- 2 more lessons to follow. Let’s save the best for last!
How about you? What are the biggest things you learned or things you wish you knew when you first started?