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free business model...

by gambit620
4 replies
hi,
i m in the process of starting a website and dont know whether i should make it free or charge my users. should make it free to everyone at the beginning then convert to a fee model once i have a fair number of users? According to other entrepreneurs once you decided to charges 98% will leave? what do you guys think?
#business #free #model
  • Profile picture of the author jenness
    You could do both and have a free & paid section. Use the free to draw people in, and entice them with what new and shiny objects are behind the paid section.
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  • Profile picture of the author AwesomePossum
    I think what Jenness said is spot on.
    Have a free section and a VIP members room type of thing.
    Just make sure you give good value to the free customers. You'll make more sales that way
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  • Profile picture of the author Steve Baker
    I'm a bit puzzled. Unless you are selling off your site or using it to generate leads, why have it free?

    As for the 98% that leave, I would focus on the 2% that stay and use my marketing funnel to get them into higher priced products or programs, while building big loyalty with them.

    Thats where the $ are, in your list that pay you. WOW them and they will stay, pay & refer.

    Then I would look at reducing the 98% factor.

    Steve
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