Exploring Freemium Pricing Strategies With The Best Examples
Freemium pricing is a popular customer acquisition strategy that offers basic services for free while charging for advanced features. There are seven distinct freemium strategies, including the classical model used by Google Suite and the innovative Land & Expand seen in Yammer. Other examples include the hybrid unlimited free trial model with Basecamp and the ad-based Freeware 2.0 strategy with Dropbox. Freemium pricing can also lead to upselling, as demonstrated by ClickUp and Trello. The ecosystem freemium model relies on third-party add-ons for revenue generation, while the network effect monetizes user data for advertising purposes, such as Meta's platforms. Successful freemium pricing requires a large market and a stellar product, with Togai offering a platform to expedite implementation.
Company
Togai
Date published
July 7, 2023
Author(s)
Kavyapriya Sethu
Word count
2367
Language
English
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