I have a consumer financial planning app that I want to open source, but also want to monetize. I think I can use the classic open source business model of hosted option + branch out with additional closed source stuff for enterprise, but the fact this doesn't seem common in my space gives me pause. Is there a rule of thumb for the effect that open sourcing will have on prospects for monetization, especially on the B2C side?
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Open-sourcing a B2C application can impact monetization prospects, but the extent of this impact depends on several factors. The classic open-source business model can be effective if you offer a compelling hosted or supported version that provides additional value to users. However, in the B2C space, users often prioritize convenience and ease of use over customization and control, which open-source provides. To mitigate potential losses, consider offering a clear value proposition for your hosted or enterprise versions that justifies the cost.
Key Takeaways
Assess the value proposition of your hosted or enterprise versions
Consider the trade-offs between open-source and proprietary models
Evaluate the competitive landscape and user expectations in your space
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