How Long Should Your Free Trial Be? A Data Driven Answer | Ep. #1066 - a podcast by Eric Siu & Neil Patel

from 2019-07-02T13:00

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In episode #1066, we discuss how long a free trial should last. Tune in to hear what the best timeframe is.

TIME-STAMPED SHOW NOTES:

[00:27] Today’s Topic: How Long Should Your Free Trial Be? A Data Driven Answer
[01:10] A free trial is allowing someone to use your product for free for a set period of time, before they are required to pay.
[01:40] There is no timeline that necessarily converts the best, because it depends on the company or service.
[02:10] Check out Redpoint to read more about this.
[02:34] Redpoint thinks you should keep your trial to 7 days, but that doesn’t work for everyone.
[03:00] Find out what made people pay for the service.
[04:00] 37% of people do 30 day free trials.
[04:08] 13% of people do the 7 day free trials.
[04:12] 3% of people do the 21 day free trials.
[04:25] At Clickflow, they are considering basing the free trial on usage instead of time.
[05:20] Companies like Slack have higher rates for their free trials. It really varies.
[05:40] Run tests and figure out what works for your company.
[05:44] That’s it for today!
[05:51] We are going to take applications for live intensive sessions. Just got to the Marketing School site for more information and to apply.

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