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Hallo, GrowGetters! Welcome to another future skills episode. If you have a side hustle, hobby, or fully-fledged business and have always contemplated how to increase your revenue but still continue to grow your user base - then this episode is for you.
Over the past decade “freemium”— a combination of “free” and “premium”— has become the dominant pricing model among internet start-ups and content-based businesses like blogs, newspapers, podcasts, magazines, etc.
Users get basic features at no cost and can access richer functionality for a subscription fee. If you’ve networked on LinkedIn, shared files through Dropbox, communicated to colleagues on Slack, or spoken to a friend on Skype, you’ve experienced the model firsthand.
So if you have been contemplating business models and trying to figure out how to integrate a monthly subscription fee into your business, it can be a good move to create a more sustainable source of revenue than one-off fees.
For this episode, we investigated just what it takes to create a really good freemium offer that doesn’t leave you penniless at the end.
So let’s get started!
PLUS
If you enjoy listening to the pod there are a few ways you would absolutely make our day (and week, and year!!) and help support us so we can continue to create kickass content just for you!
By Tanya Garma and Tiffany Hart5
66 ratings
Hallo, GrowGetters! Welcome to another future skills episode. If you have a side hustle, hobby, or fully-fledged business and have always contemplated how to increase your revenue but still continue to grow your user base - then this episode is for you.
Over the past decade “freemium”— a combination of “free” and “premium”— has become the dominant pricing model among internet start-ups and content-based businesses like blogs, newspapers, podcasts, magazines, etc.
Users get basic features at no cost and can access richer functionality for a subscription fee. If you’ve networked on LinkedIn, shared files through Dropbox, communicated to colleagues on Slack, or spoken to a friend on Skype, you’ve experienced the model firsthand.
So if you have been contemplating business models and trying to figure out how to integrate a monthly subscription fee into your business, it can be a good move to create a more sustainable source of revenue than one-off fees.
For this episode, we investigated just what it takes to create a really good freemium offer that doesn’t leave you penniless at the end.
So let’s get started!
PLUS
If you enjoy listening to the pod there are a few ways you would absolutely make our day (and week, and year!!) and help support us so we can continue to create kickass content just for you!