how does zoom make money

How Does Zoom Make Money [$21 billion]? What’s the Secret Plot?

We all know that zoom is one of the most successful cloud-based video conferencing software app throughout the world. Zoom is the leading SAAS (Software As A Service) company in the USA.

If you are using the Zoom business model app, then at least once you think that how does zoom make money? to run their entire company.

Does this question raise not only for zoom app users but also for normal users, those who are thinking that how does zoom make their money?

Today in this article, we will talk about zoom history and how does zoom earn money? How many days and how many struggles does zoom faced before reaching $21 billion net worth.

What is Zoom?

In short, Zoom is a cloud-based video conference app to meet other people and office members. Zoom is an American communication technology company that most people already know about it.

Zoom also provides you online chat and video calling services through cloud based software.

Who is the founder of Zoom?

Eric Yuan is the one who founded zoom. He was born in China in 1970. He has completed his studies in China.

After completing his studies he came to USA and joined a web conferencing startup company name WebEx.

Later Eric Yuan left WebEx and started his own company zoom which is a video communication or conference app.

How does Zoom work?

how does zoom make money
Image Source: Zoom

Zoom is a cloud-based web conference tool or app to connect people with or without video calls. Zoom is the only platform that offers you quality video and audio calling experience.

We all know zoom is one of the best video calling application, but most people ask me how does zoom make money? , how does zoom get paid? , is zoom free? , how does zoom make its money? These four questions are almost the same.

Is Zoom Free?

The quick answer to this question is No. The zoom video conference app is not free for all people. Now we will see the other question how does zoom get paid?

How does Zoom make Money?

Zoom is a private organization that no private organization cannot run their organization or company without profits.

Most people thought that zoom is free and it is not a paid app or application. Those who are thinking that zoom is free, in reality, those people don’t know how does zoom get paid and earn profits.

Zoom has his own premium features for paid members. Most people use the free version of zoom.

The free version has some limits in group meetings and chatting. In the free version, the zoom has a limit of 100 people and 40 minutes max in group meetings.

But zoom offers you unlimited 1:1 meetings without paying a single penny. The zoom has a paid version on Zoom Meetings, Zoom Phone, Zoom Video Webinar, and Zoom Rooms.

Firstly, we will start with Zoom Meeting plans and their comparisons.

ALSO READ: How Does WhatsApp Make Money? [Revenue Model 2021]

Zoom Business Model | Zoom Meeting Plans and Comparison:

In Zoom, the Zoom Meetings has mainly four plans including one free plan.

how does zoom make money
Image Source: Zoom

Basic (or) Free Plan

As I mentioned above, the zoom has a free plan which most people use.

  • In a free plan, you can host up to 100 participants to zoom meetings.
  • Zoom offers you, 40-minute maximum group meetings and Unlimited 1:1 meetings.

This basic plan is free, it doesn’t require any credit card details, and there is no validity, so you can use the basic free plan for a lifetime without paying any money.

Max Participant Capacity100
License Count1
No.of 1:1 MeetingsUnlimited
Group Meetings duration40 min
RecordingsLocal
Technical SupportTicket Only

Pro Plan

As we come to the Zoom Meetings pro plan, you have to pay $149.90 per year. If you are interested to pay for a month then you have to pay $14.99 per month.

  • By using the pro plan, you can host group meetings with up to 100 participants, which is similar to the free plan.
  • You can use unlimited group meetings for an unlimited time period.
  • In this pro plan, you will get social media streaming, which you can stream your meeting on social media platforms.
  • You can buy up to 9 licenses per account, by using the pro plan.
  • You can use 1 GB of cloud recordings (per license) in this pro plan.

This pro plan is best for small businesses and small teams.

Max Participant Capacity100
License Count1-9
No.of 1:1 MeetingsUnlimited
Group Meetings duration30 hours
RecordingsLocal & 1 GB Cloud
Technical SupportTicket & Live Chat

Business Plan

For the zoom group meetings business plan you have to pay $199.90 per year. If you are interested to pay for a month then you have to pay $19.99 per month.

  • By using the business plan, you can host up to 300 participants, which is 3 times more than the pro plan and free plan.
  • You can use unlimited group meetings for an unlimited time period.
  • In the business plan, your cloud recordings will transcripts.
  • You can add users to your account automatically, using your company domain.
  • You can add your company branding to your customized page where users can join a group meeting and you can also create a branded email template to send invites to participants.

This business plan is best for small to medium level business companies.

Max Participant Capacity300
License Count10-99
No.of 1:1 MeetingsUnlimited
Group Meetings duration30 hours
RecordingsLocal & 1 GB Cloud
Technical SupportTicket, Live Chat, & Phone

Enterprise Plan

For the zoom group meetings Enterprise plan, you have to pay $199.90 per year. If you are interested to pay for a month then you have to pay $19.99 per month.

  • By using this enterprise plan you can add up to 500 participants to the group meeting, which is 5 times more than the pro and free plan.
  • You can get Local & Unlimited cloud storage for recordings.
  • You can buy up to 100 licenses per account, by using the enterprise plan.
  • You can add your company branding to your customized pages.

The enterprise plan is best for large business companies.

Max Participant Capacity500
License Count100+
No.of 1:1 MeetingsUnlimited
Group Meetings duration30 hours
RecordingsLocal & Unlimited Cloud
Technical SupportTicket, Live Chat, & Phone

These are four plans that zoom has for zoom meetings. Now we will see the comparience between these 4 plans:

BasicProBusinessEnterprice
Max Participants Capacity100100300500
License Count11-910-99100+
No.of 1:1 MeetingsUnlimitedUnlimitedUnlimitedUnlimited
Group Meetings Duration40 min30 hours30 hours30 hours
RecordingsLocalLocal & 1 GB CloudLocal & 1 GB CloudLocal & unlimited Cloud
Technical SupportTicket OnlyTicket & Live ChatTicket, Live Chat, & PhoneTicket, Live Chat, & Phone

Zoom Phone:

Zoom phone is a cloud-calling service that zoom provides for quick and quality calling services without having any video calls.

Zoom phones have mainly 3 plans which are Metered, Unlimited, and Global Select plan.

how does zoom make money
Image Source: Zoom

Features include in Zoom Phone Calling

  • Zoom phone call provides you with quality voice calling and you have to pay as per metered rates.
  • You can record your calls and send voicemails from the zoom phone.
  • Zoom provides you toll-free numbers and phone extension numbers.
  • You can transfer your zoom call to a zoom meeting room with your participants.
  • By using the Metered and Unlimited plans you can only call for the US and Canada regions. But by using the global select plan you can call unlimited domestic calls to 40+ countries.

Metered Plan

The Zoom Phone Metered plan has a price of $120 per year, and as we come to the monthly billing price, then you have to pay $10 per month.

  • Zoom will give you US & Canada numbers for zoom phone.
  • Zoom will charge you according to the metered rates.
  • You can receive & make calls from multiple devices by using a zoom phone.

Unlimited Plan

The Zoom Phone Unlimited plan has a price of $180 per year, and as we come to the monthly billing price, then you have to pay $15 per month.

  • If you buy an unlimited plan in zoom phone, then zoom will offer you some advanced phone features.
  • The other features are similar to the metered plan.
  • By using an unlimited plan you can call any number in the US & Canada countries.

Global Select Plan

If you are using a Global select plan, then you have to pay $240 per year, and as we come to monthly billing, then zoom will charge you $20 per month in the zoom phone call.

  • You can directly call 40+ countries by using the global select plan.
  • If you need additional countries, then it is optional to add to the 18 other countries.

Zoom Video Webinar:

Zoom video webinar is a video conferencing service that zoom provides you to broadcast zoom meetings to up to 10,000 attendees.

Actually, the video conferencing webinar has a capacity of 100, but it can scale up to 10,000+ attendees, according to your zoom video webinar license.

  • Zoom video webinar offers you to share your screen with panelists which includes video and audio sharing.
  • You will also get an option to live stream your video webinar with an unlimited social media audience on Facebook live and some other custom live streaming services.
  • Zoom also provides you with customized branded registration pages and you can also send Pre webinar reminder emails to attendees.
  • You can integrate your registration and attendee information with marketing automation applications.

Zoom Video Webinar Plans

AttendeesCost per yearCost per month
100 Attendees$400 per year$40 per month
500 Attendees$1,400 per year$140 per month
1000 Attendees$3,400 per year$340 per month
3000 Attendees$9,900 per year$990 per month
5000 Attendees$24,900 per year$2,490 per month
10,000 Attendees$64,900 per year$6,490 per month
10,000+ AttendeesContact SalesContact Sales

Zoom Rooms:

Zoom rooms are conference rooms that allow you to run video meetings among small businesses, medium businesses, and large businesses.

You can buy zoom room licenses at $499 per year and as we come to monthly prices then you have to pay $49 per month.

  • By using zoom rooms you can run a video conference with up to 1,000 video participants.
  • Zoom offers you 1080p HD quality video & audio meetings by using zoom rooms.

How Does Zoom Make Money if it is Free:

From the above 4 premium paid plans zoom will get paid and earn money. Now a day’s due to lockdown online meetings and online conferences are increased between companies.

Most of the small, medium and large business companies use zoom for online meetings, so these companies will buy zoom premium plans, for purchasing the plans zoom will get paid or zoom will earn money.

Why did Zoom get so popular?

Source: Slidebean: Startups 101

Zoom has gained more popularity than any other web conference apps. Zoom beat all the online web conferencing companies and stood at the top.

The main reason behind this zoom success is hard work and user experience. Zoom is user-friendly and easy to understand for all types of people.

Does Zoom Sell Your Data?

Nobody knows, what is actually going on behind the wall. So no one can give the exact answer to this question.

But according to Zoom policies or privacy statements “Zoom don’t sell your data“.

Zoom says that the Zoom app will only use customer data for only in connection with providing the Services. Zoom does not monitor, sell, or use any customer data for any other purposes.

Actually, Zoom mentions that they does not control any actions of customers data or privacy details.

FAQ’s On How Does Zoom Make Money:

1. Is Zoom making a lot of Money?

Ans: According to macrotrends.net results Zoom Video Communications has net worth as of November 16, 2020, is $114.79 Billion.

2. Is Zoom free to use for online classes?

Ans: Zoom is free for 1:1 meetings for an unlimited time. But as we come to group meetings zoom is only free for 40 min, later you have to pay money.

3. Does Zoom show your location?

Ans: No! Zoom don’t know your exact location to share with others.

4. Is Zoom a Chinese company?

Ans: Zoom is an American communications technology company headquartered in San Jose, California.

Conclusion:

After reading this post your query on how does zoom make money? will be solved. You will get complete information on how does zoom make money?, why zoom becomes more popular and Is zoom free?

If you like this post about How Does Zoom Make Money [$21 billion]? What’s the Secret Plot, then try to share with your friends and family members.

If I made any mistakes in this post then please mention the mistake in the comment section below. Thanks for reading this post till the end.

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