7 points to know how the freemium model is good for your business.
By offering a free version of your product or service, you can attract a large number of users who may not have otherwise tried it.
Increased User Base
Easy Entry Point
A free version of your product or service can serve as an entry point for potential customers who may be hesitant to commit to a paid subscription or purchase.
Upselling Opportunities
The freemium model allows you to upsell users to a premium version with additional features or functionality.
Improved CustomerEngagement
Offering a free version of your product or service can help increase customer engagement and retention.
Competitive Advantage
The freemium model can provide a competitive advantage over companies that only offer paid products or services.
Feedback and improvement
The free version of your product or service can serve as a testing ground for new features or improvements. Feedback from users can help you refine your product.
Viral marketing
By offering a free version of your product or service, you can encourage users to share it with their friends and family.