Your Business Model
The term business model refers to a company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses. Business models are important for both new and established businesses.
Be Less Adverse To Price Increases
If you have a freemium model, then raising the price will actually increase your paid subscribers. It’s a sales booster. There is a fear of losing, and are afraid that the price will go up again. Don’t change current subscribers.
Offer Premium As a Trial to Free Customers
Processing payment once a year vs. a few times a year. You will save on transaction fees. Small but still good, especially if you scale.
Freemium Gets The Word Out
A freemium model when is useful really gets the word out. This is when your product is appreciated by the influencer.
Saving Money – Even Small –
Processing payment once a year vs. a few times a year. You will save on transaction fees. Small but still good, especially if you scale.
Cheaper Marketing With Giveaway
Giveaway is a promotion that is tied to increasing subscribers instead. If you share with your friend your referral code – we will put you in the giveaway funnel.
Be Careful – Know Your Legal Rules
For example Area in Canada requires giveaway’s to be written in French as well. France requires reimbursement for postage or internet usage.
Intuition Driven to Data-Driven
Need to figure out when to start switching from Intuition Driven to Data-Driven.
Five Magical Moments
Think of the five 5 most magical moments in your customer’s initial journey.
