Did you search freeware business plans trying to find a sample business plan for a freemium software company? It's a tough document to put together well, because – obviously – a freemium SaaS model needs to be monetized in some way other than sales of the entry level product. But many companies have found solutions to this basic problem. One of the most common approaches is hosting advertisements for ancillary service providers, either on your homepage or inside of the software product. Another solution is offering an advanced model of your freeware product that does cost money – one that a user might find themselves “growing into†and therefore feel compelled to buy. No matter what you're planning, remember that your business plan for a freeware products should disclose:
• The intended SaaS platform and services
• The cost of a (future or advanced) software solution, if applicable
• The ability of users to repurpose or self-brand the freeware product
• The proposed cost of your development cycle
• The timeline for future iterations of the product
The freeware business plan should also include a financial model that gives your financial supports a sense of what their returns might be if you get your business to work the way you envision. For investors, they should be able to review a five-year set of projections including a revenue forecast, break-even point, profit and loss statement, cash flow, and balance sheet along with an ROI calculation or IRR/proposition statement regarding their share in your company. (A bank or SBA plan will only require a three-year model and does not need an IRR table.) No matter what market you plan to enter, give recent data on the industry and the pain points you'll address. Want help? Call the expert team at MasterPlans today to learn what we can do for you: (877) 453-2011.
