Licensing can a good way to build a residual income because you can build in a maintenance charge.
BUT you do need to build in a method for the application to "phone home" and verify the licence key and the location/site it is running in and licensed for.
It's not difficult with a bit of cryptography and hash generation.
Unless the script is relatively simple or can be assembled from your code library "guessing" at how long it will take to code is usually the best way to be selling yourself short 
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A foolish consistency is the hobgoblin of little minds
Thought for today:- Is SEO the only industry where all the cowboys are Indians?
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