http://needgap.com Find your customers by the problem you are solving for them. Thu, 20 Jul 2023 00:22:00 +0000 Open-source software and hardware form the <b>backbone of several early stage startup's infrastructure</b>. Open-source projects which are not backed by large corporations are often run by the creators in their individual capacity and with the support of voluntary contributors in their free time.<div> </div><div><div>These projects become successful because they create value for the consumers, but it rarely creates monetary value for its creators. If the creators, volunteers get remunerated for their time; they would be able to put more time into their projects, improving its quality and make faster releases.</div></div><div><br></div><div>On occasions, consumers do donate to these creators for their effort. But, the mechanism for donations are not straight forward, middle-men gains and the notion of <b>donation seems altruistic</b> where as it is not in this case (as the open-source project directly creates value to the consumer, often saving lot of money).<br><br></div><div>So, we need better monetization mechanisms for open-source projects, where the <b>creators and contributors can outsource the business development</b> of their project to someone else for getting compensated and focus on what they do best.</div> 3 points posted by Abishek Muthian /problems/80-monetizing-open-source-projects-monetisation-opensource 80 Mon, 27 Jan 2020 13:16:00 +0000