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How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

Nov 22, 2014

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Louis Reingold, WordCamp Los Angeles, 2014
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Page 1: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

@LouisReingold on Twitter

Page 2: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

SOLVE YOUR OWN PROBLEM

Page 3: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

IMPROVE UPON WHAT’S ALREADY SELLING

Page 4: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

“Think about products you’ve bought recently that you like,

but you don’t love.”

Page 5: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

VALIDATE YOUR IDEA

• Check purchase counts on Envato

• Check download counts on WordPress.org

• Use the Google AdWords Keyword Tool

• Get creative.

Page 6: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

HIRING ON ODESK• Stick to Ukraine & Russia

• 300 hours previous experience at $25+/hr

• No agency applications or generic cover letters

• Look at the work

• Look for long term work history for a single client

Page 7: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

PROVIDE DETAILED SPECIFICATIONS

Page 8: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014
Page 9: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

• Good place to get started if you’re new.

• Already has an audience.

• Good for generic products that people are already searching for, i.e. sliders, star ratings, pricing tables, etc.

THEMEFOREST & CODECANYON

Page 10: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

• Keep all the money.

• If you plan to do marketing for it yourself, sell it on your own website.

YOUR OWN WEBSITE

Page 11: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

17%

13%

33%

37% GoogleWordPress.orgSocialDirect

WHERE WP ALL IMPORT GETS CUSTOMERS

Page 12: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

HOW TO GET TRAFFIC FROM GOOGLE

• Use AdWords to figure out which keywords drive you traffic and sales

• Then rank organically for those keywords

Page 13: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

WHY DO FREEMIUM

• 33% of our sales come from WordPress.org.

• 2.3% conversion rate from free version downloads to paying customers

• You get SEO benefits because WordPress.org pages also rank in Google

Page 14: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

HOW TO DO FREEMIUM

• Remove a few features people are willing to pay for – those with almost strictly commercial applications.

• Show off the pro version features in the free version user interface.

Page 15: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

GET INFLUENCER ATTENTION

Page 16: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

OTHER WAYS TO ADVERTISE

• Banners.

• Paid posts.

• Affiliate program.

Page 17: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

PRICING

• Price low to start, raise later

• If people aren’t buying, it won’t be because you priced too high.

• Lowering your prices later won’t make your existing customers happy.

Page 18: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

HAVE A MONEY BACK GUARANTEE

• Increases your conversion rate by giving people the confidence to buy.

• Allows you to have an easy exit for customers that aren’t right for you.

• Better for your reputation.

Page 19: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

ONCE YOU HAVE TRAFFIC START A/B TESTING

Page 20: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014
Page 21: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

“A bug free, easy to use product is easy to support.”

Page 22: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

LIFETIME LICENSES WORK

Page 23: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

HIRE FOR SUPPORT BY ASKING POTENTIAL CANDIDATES

REAL SUPPORT QUESTIONS

Page 24: How To Make Money Selling WordPress Plugins - WordCamp Los Angeles 2014

JUST GET STARTED