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Making Multi
Million Dollar
from WordPress
Plugin
Without Paid
Marketing
About Me
22
Nizam Uddin
Co-founder & CEO at weDevs
It’s All about
WordPress Plugin
4
What I Learned in 7 Years,
Delivered here in 7 Mins!
Outline
02
WordPress Market Size Idea & Planning
01
Post-Launch
04
Pre-Launch
03
7 Common Mistake
Plugin owner should
avoid
05
4 tips for Plugin Owners
06
6
Market Size?
Around 550 Million active plugins make
WordPress a Multi Billion Dollar Market
Ideas & Planning
7
Think About What You’d Like to
Achieve and Set Goals to Get
There
Research Existing Products to
See How They Can Be
Improved
There Are Many Great Plugin
Ideas Just Waiting to Be
Developed
Research Current Trends to
Help you Generate New Plugin
Ideas
Rely on Your Own Experience
As a WordPress User and
Developer
Start Point End Point
Follow Popular Tech Blog to Know The Current
Trends
GigaOM
Mashable
Gizmodo
ZDNet
TechCrunch
https://en.forums.wordpress.co
m/forum/ideas/
Keep Eye on WordPress.com Idea Forum
Think about
Specific
Niche Market
Solve Real Life Problem with WordPress
Think about SAAS
Seriously!
Think about
Enterprise
Solution!
Market Fit
Business
Model
Pre-Launch
What you should be doing
before launching your
WordPress business
Content
Marketing
Distribution
Channels
Support
Pricing
The Business Model
16
1. Provide the free version
2. Develop a demo or trial
3. Show the value proposition
4. Let the users upgrade
5. Offer Money back guarantee
Steps
Premiumor Freemium
Freemium vs. Premium
17
❖ If the Product is simple and
easy to use.
❖ There is a large potential
market
❖ Usefulness increases with
more users
Freemium Works Best If
★ The Product has many
features
★ The Market is Niche
★ Support Costs Are High
Premium Works Best If
18
Research Plugin
Pricing in Your Market
Test and Iterate Your
Pricing Decisions
Determine Your
Plugin’s Value
Don’t Undersell
Yourself!
Understand Pricing
Psychology
Calculate Your
Costs and
Overheads
Pricing
How much you are willing to
get by selling your product
As for Example :
Lifetime Pricing
Formula: Lifetime Price =
5 x Annual Price
1. Find the lifetime value of your
customer -
2. How many years they use your
product on average.
3. It’s basically 5 years!
Distribution Channels
21
In which marketing channels
you should focus on
Creating a team who
are experts in your
products, energetic and
well experienced in
WordPress
Live chat support Free support at
WordPress.org
First reply within 4
hours
Customer Support
22
Provide service that
would cost the user
$100-$300 for free
Content Marketing
Creating, publishing and sharing
content with the goal of increasing
visibility of your business to acquire
users.
23
Market Fit
Product/market fit means being in a
good market with a product that can
satisfy that market.
24
One metric for Product/market Fit
is if at least 40% of surveyed
customers indicate that they would
be ‘very disappointed’ if they no
longer have access to a particular
product or service.
Making Things
That People Really Want
25
What you should be doing after launching your WordPress business
● Marketing and Promotion
● Legal: GPL Licensing
● Quality Control
● Understanding Human Brain
● User Behavior Analysis
● Featured on Blogs
● Reduce Abandonment
● Increase 5 Star Review
Post Launch
26
Collect user emails with lead
generating techniques
The best time to show an
opt-in to new users is right
after plugin or theme
activation.
Email Marketing
Guest Posting
&
Doing PR in popular
websites, review sites and
blogs
Marketing & Promotion
27
Marketing Mix & Promotional Mix
28
Growth Hacking
AARRR Framework
Growth Hacking from
Philosopher
Thales, so the story goes, because of his poverty
was taunted with the uselessness of philosophy;
but from his knowledge of astronomy he had
observed while it was still winter that there was
going to be a large crop of olives, so he raised a
small sum of money and paid round deposits for
the whole of the olive-presses in Miletus and
Chios, which he hired at a low rent as nobody was
running him up; and when the season arrived,
there was a sudden demand for a number of
presses at the same time, and by letting them out
on what terms he liked he realized a large sum of
money, so proving that it is easy for philosophers
to be rich if they choose, but this is not what they
care about.
Thales of Miletus, 624 – c. 546 BC
Legal: Licensing
Register and trademark your
product name and launch it under
GPL license as WordPress suggests.
31
Quality Control
“Never compromise with
quality”
How people's brain quirks work
● Unconscious processes happen in the ‘older’ part of the brain,
called the ‘reptilian’ brain, while conscious processes happen in
the ‘newer’ part of the brain.
● The conscious process is responsible for our self-awareness; the
uniquely human side of us, if you will.
● Most cognitive processes come about as a result of the conscious
process.
Understanding Human Brain
33
Exploit Cognitive
Imperfections of the
Conscious
Brain
● Attribution Error
● Confirmation Bias
● Self-Serving Bias
● Belief Bias
● Loss Aversion
34
User Behavior
Analysis
35
Helps you to understand the
next step you should take and
develop strategy
To understand user behavior of
your WordPress plugin/ theme,
you need to know -
★ Active and Inactive users
★ Version of PHP
★ Version of WordPress
★ Server software
★ Deactivation Reasons
★ Languages
Data Analysis:
Continuous
Content Marketing
★ Phase 1: Research Topics and
Create a User Persona
★ Phase 2: Create Quality
Content
★ Phase 3: Conduct Outreach
Use the user behavior
analysis to come up with
ideas and topics to perform
content marketing:
38
Define What You’re Offering-
★ The Direct Approach: Simply Ask Bloggers for a Review
★ The Conversational Approach: Talk About Your WordPress Plugin
(Almost) Every Chance You Get
★ The Social Approach: Take to Twitter, Facebook, LinkedIn, Et Al
★ The Write Approach: Craft Posts for Your Own Site (Or Hire
Someone Who Can)
★ The Backward Approach: Find Your Users
★ The Stealth Approach: Scope Out Blog Authors
Featured on Blogs
39
It’s easier to improve a WordPress plugin to reduce churn rate, than to generate
leads via marketing
Reduce Abandonment
40
Highlight
Your Plugin’s
Value
Remind User
Your Plugin’s
Value Before
Deactivation
Capture
User’s
Feedback
Before
Deactivation
Get Personal
With Direct
Feedback
Emails
Increase 5-star Reviews
41
If you don’t ask users to review your plugin, you
are losing tons of positive reviews.
First
Strategy –
Extraordin
ary
Support
Strategy
#2 –
Asking a
favor back
Making
Reviews Rain
– Automation
7 Common Mistakes Plugin Owners Make
42
Complex User InterfaceGiving Free Unlimited
Support for Life
Having Multiple
Unrelated Plugins
Being Unaware of User
Feedback
Not sticking to
WordPress.org official
guidelines
Writing code without
thinking about
compatibility
Having One Massive
Plugin
4 Tips for Plugin Owners
43
33
Building Partnerships With
Other Plugins
1
Build Your Minimum Viable
Plugin
2
Asking For Reviews, The Right Way
4
Mass Emailing Done Carefully
01 02 03 04
Thanks!
Does anyone have any questions?
Finally, Let’s Connected with Each Other
@Nizam5428
/nizamuddinbabu
/nizamuddinbabu

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Making Multi Million Dollar from WordPress Plugin without Paid Marketing

  • 1. Making Multi Million Dollar from WordPress Plugin Without Paid Marketing
  • 4. 4 What I Learned in 7 Years, Delivered here in 7 Mins!
  • 5. Outline 02 WordPress Market Size Idea & Planning 01 Post-Launch 04 Pre-Launch 03 7 Common Mistake Plugin owner should avoid 05 4 tips for Plugin Owners 06
  • 6. 6 Market Size? Around 550 Million active plugins make WordPress a Multi Billion Dollar Market
  • 7. Ideas & Planning 7 Think About What You’d Like to Achieve and Set Goals to Get There Research Existing Products to See How They Can Be Improved There Are Many Great Plugin Ideas Just Waiting to Be Developed Research Current Trends to Help you Generate New Plugin Ideas Rely on Your Own Experience As a WordPress User and Developer Start Point End Point
  • 8.
  • 9. Follow Popular Tech Blog to Know The Current Trends GigaOM Mashable Gizmodo ZDNet TechCrunch
  • 12. Solve Real Life Problem with WordPress
  • 15. Market Fit Business Model Pre-Launch What you should be doing before launching your WordPress business Content Marketing Distribution Channels Support Pricing
  • 16. The Business Model 16 1. Provide the free version 2. Develop a demo or trial 3. Show the value proposition 4. Let the users upgrade 5. Offer Money back guarantee Steps Premiumor Freemium
  • 17. Freemium vs. Premium 17 ❖ If the Product is simple and easy to use. ❖ There is a large potential market ❖ Usefulness increases with more users Freemium Works Best If ★ The Product has many features ★ The Market is Niche ★ Support Costs Are High Premium Works Best If
  • 18. 18 Research Plugin Pricing in Your Market Test and Iterate Your Pricing Decisions Determine Your Plugin’s Value Don’t Undersell Yourself! Understand Pricing Psychology Calculate Your Costs and Overheads Pricing How much you are willing to get by selling your product
  • 20. Lifetime Pricing Formula: Lifetime Price = 5 x Annual Price 1. Find the lifetime value of your customer - 2. How many years they use your product on average. 3. It’s basically 5 years!
  • 21. Distribution Channels 21 In which marketing channels you should focus on
  • 22. Creating a team who are experts in your products, energetic and well experienced in WordPress Live chat support Free support at WordPress.org First reply within 4 hours Customer Support 22 Provide service that would cost the user $100-$300 for free
  • 23. Content Marketing Creating, publishing and sharing content with the goal of increasing visibility of your business to acquire users. 23
  • 24. Market Fit Product/market fit means being in a good market with a product that can satisfy that market. 24
  • 25. One metric for Product/market Fit is if at least 40% of surveyed customers indicate that they would be ‘very disappointed’ if they no longer have access to a particular product or service. Making Things That People Really Want 25
  • 26. What you should be doing after launching your WordPress business ● Marketing and Promotion ● Legal: GPL Licensing ● Quality Control ● Understanding Human Brain ● User Behavior Analysis ● Featured on Blogs ● Reduce Abandonment ● Increase 5 Star Review Post Launch 26
  • 27. Collect user emails with lead generating techniques The best time to show an opt-in to new users is right after plugin or theme activation. Email Marketing Guest Posting & Doing PR in popular websites, review sites and blogs Marketing & Promotion 27
  • 28. Marketing Mix & Promotional Mix 28
  • 30. Growth Hacking from Philosopher Thales, so the story goes, because of his poverty was taunted with the uselessness of philosophy; but from his knowledge of astronomy he had observed while it was still winter that there was going to be a large crop of olives, so he raised a small sum of money and paid round deposits for the whole of the olive-presses in Miletus and Chios, which he hired at a low rent as nobody was running him up; and when the season arrived, there was a sudden demand for a number of presses at the same time, and by letting them out on what terms he liked he realized a large sum of money, so proving that it is easy for philosophers to be rich if they choose, but this is not what they care about. Thales of Miletus, 624 – c. 546 BC
  • 31. Legal: Licensing Register and trademark your product name and launch it under GPL license as WordPress suggests. 31
  • 33. How people's brain quirks work ● Unconscious processes happen in the ‘older’ part of the brain, called the ‘reptilian’ brain, while conscious processes happen in the ‘newer’ part of the brain. ● The conscious process is responsible for our self-awareness; the uniquely human side of us, if you will. ● Most cognitive processes come about as a result of the conscious process. Understanding Human Brain 33
  • 34. Exploit Cognitive Imperfections of the Conscious Brain ● Attribution Error ● Confirmation Bias ● Self-Serving Bias ● Belief Bias ● Loss Aversion 34
  • 35. User Behavior Analysis 35 Helps you to understand the next step you should take and develop strategy To understand user behavior of your WordPress plugin/ theme, you need to know - ★ Active and Inactive users ★ Version of PHP ★ Version of WordPress ★ Server software ★ Deactivation Reasons ★ Languages
  • 37.
  • 38. Continuous Content Marketing ★ Phase 1: Research Topics and Create a User Persona ★ Phase 2: Create Quality Content ★ Phase 3: Conduct Outreach Use the user behavior analysis to come up with ideas and topics to perform content marketing: 38
  • 39. Define What You’re Offering- ★ The Direct Approach: Simply Ask Bloggers for a Review ★ The Conversational Approach: Talk About Your WordPress Plugin (Almost) Every Chance You Get ★ The Social Approach: Take to Twitter, Facebook, LinkedIn, Et Al ★ The Write Approach: Craft Posts for Your Own Site (Or Hire Someone Who Can) ★ The Backward Approach: Find Your Users ★ The Stealth Approach: Scope Out Blog Authors Featured on Blogs 39
  • 40. It’s easier to improve a WordPress plugin to reduce churn rate, than to generate leads via marketing Reduce Abandonment 40 Highlight Your Plugin’s Value Remind User Your Plugin’s Value Before Deactivation Capture User’s Feedback Before Deactivation Get Personal With Direct Feedback Emails
  • 41. Increase 5-star Reviews 41 If you don’t ask users to review your plugin, you are losing tons of positive reviews. First Strategy – Extraordin ary Support Strategy #2 – Asking a favor back Making Reviews Rain – Automation
  • 42. 7 Common Mistakes Plugin Owners Make 42 Complex User InterfaceGiving Free Unlimited Support for Life Having Multiple Unrelated Plugins Being Unaware of User Feedback Not sticking to WordPress.org official guidelines Writing code without thinking about compatibility Having One Massive Plugin
  • 43. 4 Tips for Plugin Owners 43 33 Building Partnerships With Other Plugins 1 Build Your Minimum Viable Plugin 2 Asking For Reviews, The Right Way 4 Mass Emailing Done Carefully 01 02 03 04
  • 44. Thanks! Does anyone have any questions? Finally, Let’s Connected with Each Other @Nizam5428 /nizamuddinbabu /nizamuddinbabu