Since 2012, I have written a year-in-review post to detail and share highlights and challenges of the previous year. So as is tradition, here is my review of 2018.
As is my tradition at the end of each year, I’d like to share experiences, failures, and successes from 2017.
On December 14, 2016, my team and I pushed a significant change to our Easy Digital Downloads products: we increased the price on all extensions by 50-250%. Yes, you read that right: up to a 250% price increase on certain plugins. This change was done for a number of reasons, which I will get into shortly, and has resulted in a very interesting last three months. Since I have always been very open with my company’s financials, I would like to now share some reflections on the change that we made and to also share some of the aftermath of the change.
It is that time of year again! As in years past, I like to look back on the previous twelve months and see how we did. In this year’s review, I will share revenue numbers, challenges, achievements, insights, and more about my business building and selling WordPress plugins.
Four and a half years ago, I released Restrict Content Pro on Code Canyon.net. It was not my first big plugin, nor even the second, but it was the first one that I developed a more intimate relationship with. I heavily relied on the plugin for my own site and thus had a greater commitment to it than the large plugins that came before. For the first two years, the plugin thrived. I updated it constantly and continued to push it further and further. In 2014, however, I began to lose touch with the plugin as my other two big projects, Easy Digital Downloads and AffiliateWP, dominated more and more of my time.
I continued to let Restrict Content Pro dwindle for nearly two years before making a decision. I had several options. I could let it die a slow, drawn out death, I could sell it, or I could work to bring it back to life and let it kick ass again.