Expensfiy. “we enable a self-service, low-friction model that makes it simple for anyone to try and use our platform and then easily share it with others. Anyone can easily download our application or go to our website and sign up for free on their own, and later upgrade to a paid subscription for advanced features. The adoption of Expensify within an organization typically starts with the individual employee, who downloads our mobile application for free and uses it to easily submit expenses to their manager with a few taps. After the employee realizes the benefits of our platform, they become a champion of Expensify and spread it internally to other employees — as well as to their friends in other companies. With multiple employees using Expensify, and valuable features simplifying the manager’s job, the decision maker often purchases a subscription to Expensify and becomes a paying customer with a few members.”
Hashicorp. “We are committed to an open-source model in which we maintain free open-source offerings while developing proprietary features for paid tiers of our software. These proprietary features include collaboration modules, governance and policy modules, enterprise use cases, and premium support and services”
So is a freemium model for you? Maybe. The advantages are numerous; specifically freemium: i) is an excellent lead-gen tool; ii) creates advocates for your product at all levels; iii) allows you to refine the ICP; iv) drives simplified pricing; and v) establishes your go-to-market as thoroughly enterprise.
Thank you for reading! Visit us at blossomstreetventures.com
Enjoyed this post?
Share it using the links below.