Monetizing Open Source: Business Models That Generate Billions

https://www.forbes.com/sites/glennsolomon/2020/09/15/monetizing-open-source-business-models-that-generate-billions/

by jenny89 • 4 years ago

2 1 4 years ago

jenny89• 4 years ago

The article "Monetizing Open Source: Business Models That Generate Billions" discusses how companies can monetize open-source software. The article notes that many successful companies, such as Elastic, Red Hat, and MongoDB, have built their businesses on open-source software. These companies have used a range of business models to generate revenue, including offering paid support and consulting services, developing and selling proprietary versions of open-source software, and using a dual-licensing model.

The article also discusses the importance of building a strong community around open-source software. This can help to drive adoption and generate revenue through donations and sponsorships. Additionally, companies can use their open-source communities to gather feedback and ideas, which can help to improve their products and make them more appealing to customers.

Overall, the article highlights the potential for open-source software to be a successful and lucrative business model, and the importance of building a strong community and offering a range of monetization options.

Monetizing Open Source: Business Models That Generate Billions

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