Should You Go Freemium?| Ep. #979 - a podcast by Eric Siu & Neil Patel

from 2019-04-06T13:00

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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.

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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.

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