How To Make Money From Programming
Below is comparison table of some of the most innovative ways you can make money from programming.
It’s not meant to be a comprehensive list or a description of exactly what you will earn if you do any one of these.
There’s many variations on these models, some faster than others, but it will give you an idea of what to expect if you follow one of these business models and might even give you some insight into how to maximize your profit.
Comparison table of how you can make money from programming:
| Method | How Much Does It Pay? | Payment Model |
|---|---|---|
| Freelancing | Anywhere from $30-150 an hour. It can be quite lucrative if you niche your skillset down to something specific. | Pay per job, amount depends on job size and how many hours charged. |
| Productizing (Giving the product away for free supported by advertising) | Depending on the advertising method used. For PPC anywhere from 30c per click to a couple of dollars per click. | Monthly payments in most cases. Depends on the advertising agent and terms but you might have to reach a minimum payment threshold (eg. earn $100 in advertising clicks before you can get paid). You’ll need lots of traffic for this to work. |
| Productizing (The conventional fee for license approach) | This will go up depending on the value of the product. Most people try to pitch their software in the range of $30 to $150 per license. | Depends on how much product you sell. This is the standard software business model, some people are making millions with this model, some make relatively little. |
| SaaS (Software As A Service) | Typically ranging between $19 and $99 a month, the user pays for access to a website or online service. | Depends on the amount of subscribers. This is the newest of all the models for software (even though Gyms and such have been doing it for years). Hit critical mass and it’s money for jam, all that is required is to keep subscribers happy and fix bugs. |
If you’re considering a business developing software, freelancing, or giving away a product for free then at you now have a bit more of an idea of what kinds of challenges you might face following that business model. Have you started a business using one of the models above? Tell us about it in the comments and give us a link to check out your business. What creative ways do you make money from programming?
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