Monetization project | Bubble.io
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Monetization project | Bubble.io

Product is not monetizing- The litmus test

Bubble.io

Bubble logo.avif

What is Bubble.io?

Bubble.io is a no-code platform that enables users to build web applications without writing any code. It provides a visual interface with drag-and-drop functionality for designing, developing, and deploying fully-functional web apps. The platform is ideal for both users with technical knowledge as well as non-developers. With its easy-to-use interface and powerful integrations, it is the perfect platform for launching a MVP in under a month & scaling the web app for a larger audience.


Features of Bubble.io

Bubble.io is one of the most powerful no-code platforms with over 2.5 million users. Some of the major features of bubble.io are:

  1. Visual Development
    It allows users to build complex applications using visual interface, making building apps easy.
  2. Database Management
    Bubble.io has built in support for designing & managing database, allowing front-end and backend within the same framework.
  3. Hosting
    Bubble takes care of hosting and makes the deploying one-click task.
  4. Workflows
    Bubble provides creation of complex app logic using workflows
  5. Integration
    Bubble is easy to integrate with any external apps or tools to expand app functionality.
  6. Templates & Plugins
    Bubble has a rich marketplace with ready-to-use templates for a easy start and helpful plugins by the community for easy integration


Core Value Proposition

Bubble.io empowers anyone to create web apps with minimal technical expertise, significantly reducing time-to-market and development costs. It also bridges the gap between ideation and execution, democratizing app development for entrepreneurs, businesses, and creators.


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ICP



ICP 1

ICP 2

ICP 3

ICP 4

Name

Entrepreneurs / Founders

Startup

Agency / Freelancer

In-house teams

Company Size

1-20

20-100

1-50

50-5000

Location

Global

Global

Global

Global

Funding Raised

Bootstrapped / Seed Stage

Series A/B/C

Self Funded

Growth Stage

Stage of Company

PMF, Early Stage

Early stage

Early/Growth

Growth

Decision Maker

Founder / CXO

CTO / CEO

CTO / Product Manager

Product Manager / CTO

Time vs money

Time

Money & Time

Time & Money

Time

Tools/ Products in Workspace

Google suite, CRM Software, Notion

Trello, Slack, Google suite

Slack, Jira, Zapier, Plutio

Jira, Github, Google Suite, Teams, Slack

Why do you use Bubble.io?

To create MVP & launch as fast as possible

To iterate on the existing product and launch fast

To build products for the clients

To build internal CRMs

What features do you use the most?

Editor, API Integration, Templates, Plugins

API Integration, Plugins, Logs

Editor, Collaboration, Plugins, marketplace, branches

Branches, Integrations, Editor

How long have you been using bubble.io?

1+ year

3 years

5 years

3 years

What differentiates bubble.io from other platforms for you?

It has a bit of learning curve, but I can build pretty much all types of applications on it.

It allows us to work o the feedback we get from our customers & launch the new features faster

Our clients really care about launching their MVP faster. Bubble allows us to integrate with pretty much anything is very versatile.

Their dedicated plan works amazing for us and their support is really good. Easy to learn for our team, faster to launch, and seamless integration.

How often do you use bubble.io?

2-4 times a week

Weekly

Daily

Daily

How many apps are you currently working on?

1-5 apps

1 app

5-20 apps

2-10 apps

Active Users on each app (avg.)

<1000 users

2000+ users

100 - 15k users

1000+ users


Monetization litmus test


Retention Graph

The industry has minimal data for retention. However, based on the user research, I was able to see a few patterns.

  1. Steep learning Curve
    Bubble has lots of resources, however, due to the platform's huge range of features, it sometimes has a steep learning curve. Users who stuck till D30 and engaged with the community were more likely to continue on Bubble for a longer period.
  2. First App Launch
    A lot of users who came to the platform, tried to build something. They either were successful or they could not create the first app. Out of the user that created & successfully launched first app rremanied for at least D60, after which there was a decline due to less engagement on the app.
  3. Community Engagement
    The users who engaged with the community through forum were more likely to retain as they felt supported and loved the large & helpful community

Based on this, the retention curve tends to decline within the first 7 days, plateaus at D30, falls a bit around D60 and plateaus.


Screenshot 2024-12-28 at 2.28.33 PM.png


Depth of Engagement



Casual

Core

Power

Features Used

- Editor
- Plugins
- Templates
- <1000 users per app

- Editor
- 1-3 apps
- >1000 active users on each app

- API Integration
- Branches
- Plugin Creation
- >5 Apps

Frequency

Weekly

Daily

Daily

ICP

Entrepreneurs / Founders

Startups

Agency + In-house team

% / No. of Users

Medium

Medium

Agency - High
In-house team - Low


Though, there are no public numbers available, the speculations suggest that a large amount of apps created & launched (paid plans) using bubble comes from freelancers / agencies who create/maintain multiple apps. Startups with funding and good amount of active users often scale on bubble and become loyal customers. In-house teams who use bubble's enterprise plan for dedicated servers are also loyalists & Power Users.

This shows >50% of users are Core & Power.


Willingness to Pay



Casual/Core/Power

Willingness to pay

Entrepreneurs / Founders

Casual

Low

Startups

Core

Moderate

Agency

Power

Moderate - High

Freelancer

Power

Low - Moderate

In-House Team

Power

High

The Product is ready for monetization.

Lets go.webp


Product is monetizing

The product is already monetizing

Current Pricing Model for Apps:


Screenshot 2024-12-28 at 3.11.37 PM.png

Current Pricing Model for Agencies/Freelancers:

Screenshot 2024-12-28 at 3.19.46 PM.png

Key Areas to improve Monetization



What plan are you currently on?

What features add value for you?

Entrepreneurs / Founders

Free / Starter

More Branches on Starter Plan,

Startups

Starter / Growth

Export source Code, More Branches on Starter plan for easy collaboration

Agency

Agency

Analytics for each seat, Admin access over the seats,
Admin Agency Dashboard

Freelancer

None

A less expensive plan for solo freelancer, basic collaboration features from agency plan

In-House Team

Enterprise

Export Source Code, Better data security


Substitute pricing

Substitute Pricing

Let's compare other no-code platforms to Bubble.



Bubble

Webflow

Adalo

Outsystems

Flutterflow

Flexibility to use (editor)

High

Medium

Medium

Difficult

Easy

Learning Curve

Steep

Moderate

Moderate

High

Medium

Customization Available?

Extensive

High for design,
Low for logic

High for mobile Apps,
Limited for Web Apps

Extensive

Very High

Pricing

Free, $32 onwards

Free, $14 onwards

Free, $36 onwards

$3,000 onwards

Free, Rs. 900 onwards

Core User

Startups, Agencies

Developers

Freelancers, Entrepreneurs

Enterprises

Startups, Agencies

Primary Use Case

Custom SaaS, MVP, Internal CRM

Responsive landing pages, e-commerce sites

Mobile Apps

Enterprise applications & automation

Building Mobile Apps

What's Different?

-

Bubble offers more powerful workflows for complex applications like SaaS, CRM

Adalo primary strength is in Mobile first app development.

Bubble offers enterprise clients at a much affordable start

Flutterflow is focused on Mobile first approach with external database integration (with Firebase)



Whom to charge?

Monetization design

From our litmus test & user insights, we know the following:



Casual/Core/Power

Willingness to pay

What plan are you currently on?

What features add value for you?

Entrepreneurs / Founders

Casual

Low

Free / Starter

More Branches on Starter Plan

Startups

Core

Moderate

Starter / Growth

Export source Code, More Branches on Starter plan for easy collaboration

Agency

Power

Moderate - High

Agency

Analytics for each seat, Admin access over the seats,
Admin Agency Dashboard

Freelancer

Power

Low - Moderate

None

A less expensive plan for solo freelancer, basic collaboration features from agency plan

In-House Team

Power

High

Enterprise

Export Source Code, Better data security



Who to charge?


Screenshot 2024-12-28 at 4.46.36 PM.png


We will be charging the Loyalists and Champions. They are least likely to churn and have high price elasticity.


Champions
- Agencies
- Inhouse-Team

Loyalists
- Freelancers

When to charge?

When to charge?

Perceived Value

  1. Increased Efficiency
    - Bubble.io makes the deployment a one-click feature
    - It provides frontend, backend, DevOps in one platform
    - Collaboration and Branching help in efficiency
  2. Time Saved
    - Bubble.io allows faster development
    - It is scalable


Map user's journey

For Entrepreneurs / Founders / Startups:

Screenshot 2024-12-28 at 5.50.56 PM.png


For Agencies, Freelancers:

Screenshot 2024-12-28 at 5.55.25 PM.png



What to charge for?

What to charge for?


The Core Value Prop of Bubble.io is to create web applications faster and without writing any line of code, saving considerably on both time and money & increasing efficiency.

For Entrepreneurs / Founders / Startups:

Access

  • For them to access various features provided by Bubble.io
  • Such as more editors, branches, API integrations, Database etc.
  • Add-Ons for workflows used

Time

  • The subscription will be billed annually or monthly


For Agency / Freelancers:

Access

  • Access to pro features to build apps for others
  • Access to the marketplace with Agency profile and lead generation
  • More seats (for each developer) within the Agency

Time

  • The subscription will be billed annually or monthly



How much to charge?

How much to charge?



Perceived Value

Reasoning

First Time no-code platform User (Entreprenuer / Founder)

High

  • Have never known that they can launch an app without a technical team.
  • Traditional Code requires high investment

Have Used No-Code platform , But not used Bubble (Entreprenuer / Founder)

Moderate

  • Are familiar with No-Code, so realise the potential
  • First time experiencing complex CRMs can be built fast and easy

Have created a bubble app before (Startup)

High

  • Realise the Potential and want to create an app again





Pricing page

Pricing Page

Current Discovery Routes

Screenshot 2024-12-28 at 6.37.20 PM.png


Pricing Page Design

Current Pricing

Screenshot 2024-12-28 at 3.11.37 PM.png

What's good?

  1. Free plan available to get the user started
  2. Detailed inclusions & comparison
  3. Shows value addition on higher plans
  4. Recommended Plan for user (Middle Category choice Effect)


What can be improved?

  1. Huge price jump between Starter to Growth & Growth to Team. Gap to introduce a mid-tier plans
  2. Lack of Ownership Effect
  3. Lack of Decoy Effect



Screenshot 2024-12-28 at 6.58.19 PM.png



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