Lenny Distilled

Freemium vs trials: Choose your religion

Growth → Monetization & Pricing

The reason to offer a free plan or a free trial but really a free plan, the freemium type of pricing model is if you value letting millions, tens of millions of customers give your product a try, even if they never pay you a dollar.

Lauryn IsfordMastering onboarding
Supporting

The truth is for every week that you continue to let people use it, you get incrementally more people who do convert because their timing on buying your product has nothing to do with your schedule or how quickly you want revenue and everything to do with, where in the quarter is it for them?

Merci GraceMaking an impact through authenticity and curiosity
Nuanced

Personally I'm in the camp of offering a reverse trial. Funky name, but what that means is offer a trial but also offer freemium. Do both.

Lauryn IsfordMastering onboarding
With caveats

Self-serve monetization has a cap of about $10,000. That's just how much we're able to process on the credit cards before they start getting flagged and declined by the banks.

Elena VernaThe ultimate guide to product-led sales