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Creating a business around your open source project(s)

Hey Hackers,

I recently released an open source project which I originally wrote to simplify development of my own product. I'm now thinking of ways to generate revenue from it that can help grow the actual product.

A few examples of open source projects that make money come to mind (like Nuxt.js. The basic business model seems to be creating a consulting service around the project as well as landing sponsorships.

Does anyone have experience with creating a business model around open source projects?

Cheers,

on September 28, 2020
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    Could you please show your project link?

    I'm running Automated Machine Learning SaaS (https://mljar.com) and have AutoML open-source (https://github.com/mljar/mljar-supervised). If you are ok with coding then you can go with open-source package, if you don't want to code then you can select paid web service.

    There are many open source projects that generates revenue: redash.io, sentry.io, sidekiq.org

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      @pplonski Here's the project link: Cyclon. I wrote the entire codebase myself.

      Not sure what you mean by package vs. service? How did you go about monetizing your open source project?

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        The open-source package is a kind-of marketing channel for the service.