How To Make Money With Freemium Model

[moonchild]

Freemium service involves offering free service to your customers with the hope of up selling a subscription to them later or in a more simpler way charging money later on, Freemium service can involve any business, a Freemium service in a blog involves providing contents for free about a subject and then offering a comprehensive course in return, likewise its the same with apps, let's take Quora for example, it's free to use but when you don't want to see their ads, you have to buy a membership, that's how Freemium model works, offer a product or a service for free then charge for a premium model.

These methods can have some downsides though, like most users might not be interested in the premium model, so you need to make sure you have enough money to sustain the business before this model starts bringing in paid users.

There's a plugin that'll help you to do this on WordPress, but also you should note that most people are already used getting things free online in today's world, so your product or your blog content need to be worth paying for to start with.

But a Freemium model can be a way to make money from your website.

 

[kayode10]

Fremium money making model work hand-in-hand with two step marketing. two steps marketing involves using a free offer to generate the targeted audience and then you are going to upsell with the supplementary products.

Two steps marketing as being the effective way to market most of the products. It only attract the targeted audience to your offer. And it also give you rooms to continue to upsell the prospects.

It helps you to build the fanbase for your product and brand in the marketplace. 2 steps marketing is applicable both offline and online.

Once you have mastered the process of two steps Marketing, you can set it on autopilot to make more money for yourself.