Should You Go Freemium?| Ep. #979

In episode #979, we discuss whether it pays to give out freemium services. Tune in to hear whether you should offer freemium plans to your customers. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: Should You Go Freemium? [00:47] Freemium isn’t just SaaS, it works in so many different fields and categories. [01:04] Freemium is a service that is free with basic functions, but if you want more functionality, you need to pay. [01:43] Ora Brush is a free tongue cleaner, but they also sell other oral health accessories. [02:06] Some people will even give away free book chapters to encourage the purchase of the full book. [02:30] Hubspot’s CRM is free. [03:14] Profitwell is a services business that is free. [04:00] If you want 100 paying customers, you will need 2000 freemium users. [04:33] There is software for everything with competitors for each field. [04:55] It’s harder to convert and freemium will cost you money. [05:09] Freemium is a marketing channel. [05:55] Ubersuggest gets about 9700 visitors per day. [06:17] That’s it for today! [06:30] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! DM Eric if you would like to participate in the VIP dinner. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.