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Monetization strategies on AWS Marketplace for your Startup! Let's Build a Startup S2E8

Monetization strategies on AWS Marketplace for your Startup! Let's Build a Startup S2E8

Explore AWS Marketplace strategies and FinOps insights with experts Jonian Mehmeti and Brandon Chavis in our latest startup episode

startupsmarketplacemonetizationmvpfinops
Giuseppe Battista
Amazon Employee
Published Jul 30, 2024
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In the latest episode of "Let's Build a Startup" on Twitch, we delved 😉 into effective monetization strategies on AWS Marketplace, featuring insights from Jonian Mehmeti, AWS Startup Marketplace specialist, and Brandon Chavis, Head of Product at Vantage. Our discussion provided tips and tricks for startups looking to leverage AWS Marketplace to expand and optimize their revenue stream.

Introduction to AWS Marketplace

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Jonian kicked off the session by introducing AWS Marketplace, a curated digital catalog where customers can find, buy, deploy, and manage third-party software. This simplifies procurement for customers who are already on AWS and offers software vendors a streamlined way to monetize their products. "The AWS Marketplace has over 300,000 active subscribers and includes 15,000 listings from 4,000 independent software vendors," Jonian explained.
AWS Marketplace supports a variety of deployment models, including SaaS, Amazon Machine Images (AMIs), containerized products, machine learning models, and data products. Jonian emphasized the importance of creating separate AWS accounts for marketplace activities to streamline operations and manage revenues effectively.

Monetization Models

The episode covered various pricing models available on AWS Marketplace, such as:
  1. Subscription-Based (Monthly/Annual Contracts): Ideal for customers who prefer predictable costs and long-term commitments.
  2. Usage-Based (Pay-as-You-Go): Provides flexibility for customers to pay based on their usage, making it easier to test and scale.
  3. Free Trials: Allows customers to try products before committing to a purchase, enhancing their buying confidence.
  4. Private Offers: Tailored pricing and support packages that are only visible to specific customers, useful for stealth mode startups seeking early revenue.

Success Story: Vantage on AWS Marketplace

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Brandon shared Vantage's journey on AWS Marketplace, highlighting how the platform has been crucial in their go-to-market strategy. Vantage, a cloud cost management and optimization tool, helps organizations implement FinOps practices to manage cloud spending efficiently. The tool provides features such as cost reports, anomaly detection, and Kubernetes insights.
"Listing on AWS Marketplace gave us a stamp of approval that builds trust with our customers," Brandon noted. He also discussed the benefits of AWS's partnership programs, which offer resources and support to optimize listings and engage with potential customers.

Vantage's Offerings

Brandon demonstrated Vantage's capabilities, including:
  • Comprehensive Cost Reports: Allows businesses to track spending across various cloud services and allocate costs to specific business units.
  • Kubernetes Insights: Helps optimize Kubernetes cluster costs and efficiency by providing detailed metrics and recommendations.
  • Network Flow Reports: Offers visibility into data transfer costs, helping companies optimize network architecture.

Watch the Full Episode on Twitch

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Looking Ahead: Next Episode Preview

The episode concluded with a preview of the upcoming session on August 1st, which will explore trends in generative AI for startups with Eduardo Ordax, a leading expert in generative AI, and Sagar Mehta, CEO and founder of Relive AI. We'll explore trends in GenAI including agentic systems!
Learn more

Episode Engagement Metrics

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Peak Viewers: 435
Average viewers: 72
Unique Chatters: 7
Messages: 80
CTAs as of 30/07: 18
 
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Any opinions in this post are those of the individual author and may not reflect the opinions of AWS.

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