Maximize Your Earnings: How Much Can You Really Make with Open-Source Software?

Maximize Earnings: Open-Source Softwares True Potential
Abhishek Founder & CFO cisin.com
In the world of custom software development, our currency is not just in code, but in the commitment to craft solutions that transcend expectations. We believe that financial success is not measured solely in profits, but in the value we bring to our clients through innovation, reliability, and a relentless pursuit of excellence.


Contact us anytime to know moreAbhishek P., Founder & CFO CISIN

 

The term open-source was developed regarding open-source software development in designing software in a particular way.

Open-source codes are used for various purposes like studying, customizing, and much more. It allows users to adapt the software to work per their personal needs. Open-source software, initiatives, projects, and products embark on the rule of community participation, meritocracy, prototyping, transparency, etc.

Open-source software can be developed in collaboration, which means users can contribute their part online, and there can be any number of participants.


History of OSS

History of OSS

 

In 1983, MIT programmer Richard Stallman founded the ideological movement of source code to be freely available to all.

According to him, a program should be available and accessible freely to all so that it can be modified, understood, learned, and improved. He started releasing the source code free of cost under the GNU Public License. By 1998, it formed the foundation of the Open-Source Initiative.

Open-Source Initiative

OSI, also called the Open-source initiative, was started to promote and protect OSS communities. OSI is a type of central governing informational body for OSS.

It puts forth guidelines and rules on OSS uses and interaction. It also provides general community licensing information, definitions, and support.

Working of OSS

Open source projects code is stored and shared on public servers. Anybody can access the server, use the code accordingly, and contribute their design and functionality to the project.

It carries a distributive license with it. The license defines how developers can modify, study, use, and distribute the end program. When the source code is changed, it is mandatory to mention what was modified and the method used.

The developer who customized it may restrict the availability of the code accordingly. The topmost five licenses that are popular are:

Apache License 2.0

MIT License

GNU GPL 2.0 (General Public License) – it is restrictive

GNU GPL 3.0 (General Public License)

BSD License 2.0 – it is less restrictive

Bugs in Open Source Software

In open-source software, multiple developers modify and improve the source code, which increases its quality and performance.

But, there can be security flaws. But, having many developers implies that bug identification and fixation are made rapidly. Whether it is open source work or paid, bugs exist irrespective of the type of software.

The responsibility of fixing bugs in paid software is that of the vendor, whereas in the open source community is of the end-user.

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Importance of Open-Source Software

Importance of Open-Source Software

 

Open-source technology benefits all, the programmer and the user. Because in the early stages, the Internet was built on open-source technologies, and still more than 70% is open source product.

Apache web server application and Linux operating system are essential programs built on open-source software and still in making internet web apps.

Whenever a user opens websites or emails, connects with friends, listen to music, stream videos, or play games in multiplayer mode or online, their device (desktop, laptop, smartphone, gaming console) connects with the global computer network (or the Internet as we popularly know) using open source software or technology and transmit the required data to their device.

The computers operating all these operations are situated in faraway places physically inaccessible by many or accessible to authorized personnel only, i.e., remote computers or servers.

Almost all users rely on these servers to perform a simple search or other activities on their devices.

This remote computing process is called "cloud computing," as it involves sharing and storing data that contains all types of computers, local or global.

Cloud computing is becoming critical with the increase in internet users. There are both types of cloud open source solutions and proprietary ones. Cloud applications are on top of the software that helps them run efficiently.


Preference for Open Source Software

Users prefer open-source software over paid one for a variety of reasons:


Costing

Open-source software is free to use for all persons and can be used to understand, learn, and all that free of cost.

There will be developers, tools, and other staff to take help from, which is the most significant advantage of open-source software.


Control

Users have more control over open-source software as it can be modified per one's needs. The users have the right to examine the code if the program is not working correctly.

Non-programmers also benefited from this software.


Training

Open-source software allows users to test their skills in making software. Because of public availability, programmers can easily access and modify or develop open source project software.

They can also find a bug in the source code of the open-source software and can rectify it or share it with other programmers in the community.


Security

Some programmers consider open-source software to be more stable and secure because many users update and modify the open-source software of its bugs.

Programmers can work on any part of source code, learn them without permission, and release their version.


Stability

Developers who develop very delicate programs which could take years of development can't risk their software becoming obsolete with time.

Open-source software has extended support for tools, even after a long time. So these can be relied upon.


Community

A large community helps in the operation of open-source software development, discussion, and bug detection, which helps users solve their problems much faster.

The community of open-source software is a group of developers who study it, modify it, test it, promote it, and provide support to other users of the community.


Software Customization

Open-source software is the best source code available for learning and making apps. Programmers get a free, easily understandable source code where they can test their skills and also improve them.

This becomes a source of income. With the base of open source software, they can open a custom software development company making customized software as per client's needs based on open source definition.


Blockchain Technology

Blockchain Technology

 

Blockchain is the latest venture in technological development based on open-source systems, which many experts see as the future of open office development.

It is a system of recording all the information and storing it in the form of blocks, forming a chain with unique hashes that are nearly impossible to hack or manipulate. The data shared forms a block representing single valid transactions in encoded form.

Each block is linked to another by a cryptographic script helping identify the next block and arrange data in a structured format.

Even if blocks are not transmitted sequentially, the information transferred will be arranged in the proper format. There could not be duplicate transactions as each comes with a timestamp, and it renders out the possibility of cheating.

Thus, filtering out the fake information from the system and not allowing editing of information except at the source.


Blockchain App Development Services

A Blockchain app development company provides a variety of services to different business organizations of different fields uniquely.

Some examples of application services are Banking Solutions, Cryptocurrency Exchange Software, Smart Contract Development, Blockchain technology solutions, POC Development, Fintech app Development on the blockchain, Private development of blockchain, Cryptocurrency wallet development, DApps development, etc., and all this because of availability of source code on public servers. The companies monitoring the system ensure that every transaction will only occur if it is via a secure network and is safe to transact.

Read Also: Why Consider Open-Source Development For Your Next Web Application Development Project?


Web Development and ASP.NET

Web Development and ASP.NET

 

Web Development implies building, creating, and maintaining websites. It includes website designing, publishing, programming, and database management.

With the help of ASP.Net, apps are created capable of accessing the Internet. Active Server Pages, commonly known as ASP.NET web development, is an open-source code software used to develop server-side web applications.

It is preceded by ASP.NET open core.

Microsoft developed it for the development of dynamic websites, services, and applications. It has a built-in database for support and multi-factor data authentication along with Google and other authentication apps.

It has a built-in feature for detecting XSS or cross-site scripting and CSRF or cross-site request forgery and protects you from them. .NET facilitates the development of websites based on JavaScript, CS5, and HTML5 and is reliable, fast, and secure.

.NET builds interactive web UIs with the help of C#. These websites are simple, clean, and dynamic. The most crucial feature of ASP.NET is its EF or Entity Framework, whose DAL or Data Access Library assists users in interacting with databases and efficiently mapping data.

SQLite, MySQL, DB2, SQL Server, PostgreSQL, etc., are popular databases, including NRDs, i.e., Non-Relational Databases like Redis, Azure Cosmos, etc., which helps in seamless data integration. It provides various programming models to build web applications such as:

NET Web Forms

It is a framework for building modular pages, with server-side processing of UI events.

NET MVC

It is used for designing websites on model-view-controller patterns.

NET Web Pages

It adds dynamic coding and accesses data from HTML directly.

NET Web API

This framework is used for API building on the .NET framework.

NET WebHooks

For subscription and publication of events, the webhook pattern is implemented.

SignalR

It is a real-time bi-directional communication system framework between client and server.

NET Handler

It implements a handler interface. They have a code file that writes data to the HTTP server.

NET AJAX

It is an extension for writing components on both sides, i.e., server-side and client-side, including Ajax functionality.

NET Dynamic Data

It comprises a group of extensions to build web applications driven by data.


JAVA Development Services and Java Development Company

JAVA Development Services and Java Development Company

 

One of the significant benefits of Java is that it is an open-source software developed by Sun Microsystems. So you have multiple options of JRE to select from.

OpenJDK and IcedTea JRE are some of their examples. It is registered under GNU GPL except for linking. Java Development Services consist of multiple services like Web Development Services, Software Development Services, Mobile App Development, Migration, CMS Development, Integration Services, JAVA/J2EE Software Development, Enterprise Java development, Maintenance, and Support.

These are some of the services you will be provided by the Java Development Companies commonly. But we have to compare the projects completed by one of the companies to the other.

To hire the company, you must check the earlier applications developed by them. The companies offer multiple frameworks like Spring, Grails, Blade, Play, Struts, JSF, etc., which the companies offer.

Before final approval of a java development company for an app or website development, you must consider the above points keeping in mind your skill set.

The final design, initial targets to be achieved, product and services description, person to be contacted for queries, company representative, etc., should all be completed before the final stage of development.


Mobile Application Development

Mobile application development is equivalent to web application development based on traditional software development.

It has multiple programs and processes for the software development of smartphones, tablets, and PDAs. The main difference between mobile and web apps is a specific user/ device target. It is configured for a particular set of devices.

Initially, Java framework-based feature phones were in the market. Still, now the Apple iPhone operates on iOS, and Smartphones based on Google's Android are more common nowadays, with Java as their base language.

The operating system comes with pre-loaded applications for internet access and other essential services. For more extra features and various functions, one can download such apps from the App Store on Apple devices and Google Play Store on Android Devices.

These apps are also built by developers using open-source software, an income source for them.


EMM Market and EM Solutions

The complete form of EMM is Enterprise Mobility Management, which consists of various services and technologies developed to protect the organization's secret and critical information on the employee's device.

It contains software capable of managing mobile services allowing employees to access and modify data required to perform daily tasks on their mobile devices.

Customized applications are developed according to the needs of a particular company. Enterprise Application Development is a very complex process, including customizing and deploying the customized applications on cloud servers on different platforms and networks.

Every organization competes with emerging at the top of the market among its competitors. To realize this goal, they try different methods and techniques, software customization, etc., leaving no stone unturned to bring innovation to their business.

But, the process is very hectic and time-consuming.

To perform this process speedily, the best option is to use digital technology, i.e., Enterprise Software Solution.

Enterprise Software Solution is used for business operations at an enterprise level. There are numerous types of Enterprise Software Solutions that companies consider to get good returns on the money they invested.

Some of the standard enterprise software solutions are:


ERP Software

ERP stands for Enterprise Resource Planning. It is a tool used for process management to provide a platform integrated for managing various business activities.

The primary purpose of ERP is a simplification of automation for optimized use of resources.


CRM Software

CRM stands for Customer Relation Management. CRM software is developed to maintain a healthy customer-company relationship.

As an old saying goes, "Customer is the King" must be adopted by every company if it wants to grow. Before choosing CRM software, companies must check their requirements and what customization they may require in the original software to get rid of unwanted features.


Project Management Software

From the name itself, one can understand that this free software is used for planning, organizing, streaming, tracking, controlling, and managing project workflow efficiently.

The firm's size does not matter for this software as it is a must-use for completing tasks before deadlines and gaining the upper hand over the competitors.


Content Management System

Content Management System or CMS helps you manage content on your website without understanding coding or web app development skills.

These are economical but lack security, becoming an easy target for data stealers for stealing your content and ruining your SEO ranking. The standard solution is to build a CMS that is explicitly customized for your organization's needs and will need some coding skills.

The custom CMS advantage is that; it will be free from redundant features which your company will not use.


Marketing Automation Software

This software name defines itself by automating boring, tedious, repetitive, and time-consuming tasks and human interruption is unnecessary.

Examples are sending bulk emails, social media posts, etc. It can track and store customer behavioral data and then send them emails/ads as their recent searches, which is more likely to attract customers interested in your products.


Human Resource Management Software

HRMS helps automate HR-related tasks like managing and checking employee performance, management of salaries, leave or absentee, management of bonus or raise, etc.

With the help of this software, the HR of the company can focus on the more important tasks to increase the company's productivity, employee performance, etc.


Enterprise Asset Management Software

AEM keeps track of a company's assets, including its infrastructure, machinery, equipment, properties, and inventory.

The regular automatic monitoring of a company's assets helps in the proper utilization of its resources efficiently.


Enterprise Mobility Management Software

EMM helps companies control employees' data access via a secure network on employees' devices. EMM promises security and is customizable as per the company's needs.


Enterprise Business Intelligence Software

EBI helps organizations understand business in a more crystal-clear way with the help of structured and unstructured data.

The Business Intelligence is customizable as required by the company, integrating it with the platform already existing and report generation at a reasonable speed.


Enterprise Internal Communication Management Software

It is an Intranet developed for communication between company employees, allowing them to communicate and share data in real time.

Many open source company applications are developed and available in the market for free. Still, installing them for your organization may not be the best idea. These are easy targets for data stealers to get hands-on with your company's sensitive data.

So it is better to customize EICMS according to the company's needs and regulation policies.

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Conclusion

Although you can profit from open-source projects, bear the following in mind:

  1. Making some extra money is simple.
  2. That demands more time and effort than is typical to make a living.

Therefore, why try?

Because one of the most significant projects driving our modern world is open source development, it will help you get the hang of collaborating with a global team of like-minded individuals, handling sizable codebases, and submitting push requests.

People have common confusion that open-source software development services mean everything is free.

It is not the case. The source code is free, but when a developer uses it to modify it and provides his contribution, we can charge for that.

But the source code is accessible to all users, and the developers have to publish it online so that everybody can access it. So, to overcome this, programmers charge users for the services and support they will provide further. This way, open-source software stays free, and they make money from its installation, services, troubleshooting, etc.