Wordpress - Update plugin from personal API
For the benefit of others who find this page, I suggest those wishing to provide their own updates outside the official WP repository check out this project on GitHub, that demonstrates the functionality:
https://github.com/jeremyclark13/automatic-theme-plugin-update
Yes, this is possible. There's an entire chapter in Professional WordPress Plugin Development dedicated to this. If you haven't already, pick up a copy. It will definitely help.