THERE HAS NEVER BEEN A BETTER TIME TO DEVELOP CHROME EXTENSIONS
If you’re a software developer looking to leverage your coding skills to earn some extra income, I suggest you take a good look at the world of Chrome Extensions!As I’m sure you know, Chrome Extensions are small plug-ins for the Google Chrome browser that can enhance any website on the internet. Furthermore, you can expand the reach of your extension to all the other major browsers from the same codebase!Chrome Extensions are an excellent way for software developers to reach a vast audience of users.
Here are some of the high-level benefits of developing Chrome Extensions:
1. Potential Profits
Many Chrome Extension developers are earning a full-time living, and some are earning a disproportionate income as solo developers 💰
Personally, I’ve generated over $500,000 from my niche Chrome Extensions for Amazon sellers, demonstrating the huge potential out there that’s just waiting to be discovered.
One of the best things about Chrome Extensions is that you build them once and then sell them to many people. This leveraging of your time shifts your time spent at the keyboard from active income (paid per hour/week/month) to passive income (paid for the quality of the product you produce). You can charge a one-off fee or preferably charge a recurring monthly or annual subscription.
To whet your appetite, here’s a table showing how much you can make even with a small number of users. These subscription fees are very realistic for micro-niche Chrome Extensions, and you can even charge more than $30 if you provide enough value.
Of course, the exact numbers will depend on the pricing strategy, user acquisition tactics, and the specific Chrome Extension being developed.
However, as you can see, even a small user base can generate a significant amount of recurring revenue each month. With the right approach and consistent effort, making good money through Chrome Extensions is definitely achievable.
In terms of an exit, generally, you can expect a 40x-60x monthly net profit multiplier. You will need at least 18 months of development and growth before you can demonstrate to potential investors the user base is stable/growing and that all KPIs are trending in the right direction.
2. A Vast Audience
There are over 3.2 billion Chrome users worldwide! All you need to do is find a niche within this huge user base that you can target with a great Chrome Extension.
If we compare the opportunity on the Chrome store with that of the iOS app store we can see that the Apple App Store has an audience of around 1 billion users, with around 3.6 million apps in the app store.
However, when it comes to Chrome, the contrast is striking. The audience is enormous at 3.2 billion users, but critically, there are only 200,000 Chrome Extensions in the Chrome store.
Therefore, the Chrome web store offers a much greater opportunity than the iPhone app store because there are far fewer apps per user.
If you can create a decent Chrome Extension, you'll have a far higher chance of standing out in the Chrome Web Store than you do in Apple's App Store.
3. Portability To Other Browsers
When you develop a Chrome Extension, you're not just restricted to the Chrome Web Store. You can also submit your extension to other browser stores such as Opera, Edge & Mozilla.
While the number of users on these other browsers is significantly lower than Chrome, it's still an option worth considering.
Thanks to the browser extension standardization efforts of the W3C, it's now possible to write a single extension that can be installed on all major browsers with just a few minor tweaks during publishing.
4. Low Running Costs
Another great benefit of developing Chrome Extensions is that they run locally client-side, meaning there's very little server maintenance and costs to worry about.
This contrasts with web apps which generally require backend servers to function.
While this doesn't mean that developing Chrome Extensions is cheap or free, it does mean that the costs are significantly lower than developing apps on other platforms.
In my Chrome Extensions, I hosted the user's data within their own private Airtable base, which was on the free tier 99% of the time.
Thus, the monthly server costs were negligible compared to the cost of provisioning and maintaining multiple backend servers.
5. Level Up Your Development Skills
Let’s not forget that if you're able to develop a popular Chrome Extension, it will definitely look good on your resume.
You can also use Chrome Extensions as a way to learn new development frameworks and libraries. For example, you can build a Chrome Extension using a framework such as React, Vue or Angular to become more familiar with it.
Sales Page: https://www.cashflowingchromeextensions.com/