Over time, consumers have become more perceptive and hence less willing to pay on things that they could get for free. It isn’t as easy as before to market your products and expects great outcomes like before. In these times, the freemium business model could save you from traditional marketing tactics.

There are several other types of Business Models followed by the startups and some hold a mix of these business models. You could read about different types of business models with certain examples explaining these models into action in our blog “Top 19 Business Models That Will Hail the Startups”

Freemium Business Model:

The word “Freemium” is a portmanteau of the words “Free” and “Premium”, likewise Freemium business model has two tiers. It offers two types of products to the customers, ‘free product’ and ‘paid product’. The free product users have limited access to a few features of the product that are unlocked when the person buys the paid product.

Several factors of a freemium model appeal to the new startups as it helps to scale up the new ventures and attract a new user base without spending money on costly ad campaigns. The main objective of a freemium business model is to convert free users into paid users. To make this happen, you need to limit your free product in order to encourage free product users to unlock the features provided in the paid product. Usually, the companies limit the features by offering paid upgrades, extra features and monthly limits.

There are several points to keep in mind before launching your startup following this model. First of all, you have to give much thought to your product.

- It should have a long-term usage.

- It should motivate users to convert into paid users.

- You should provide an onboard service to demonstrate how your users can best utilize your product.

- As the free product does not claim any charges, start with nominal charges for upgrades and premium add-ons.

- Your product should have repeated payments to keep your users engaged with recurrent payments.

Source: 

Start your Own Business model with freemium

This post focuses on how SaaS metrics relate to customer onboarding, company growth, and the generation of sustainable income needed and sufficient to not only stay afloat in the turbulent sea of web marketing but thrive.Recall that SaaS is Software as a Service or just cloud technologies.Specialists of the resource Price Intelligently, which studies strategy and psychology of pricing in the Internet environment, give marketers the following advice:"Your customers don't care about your costs, so never try to build a pricing strategy around that.

Consumers in the SaaS sphere, as in other marketing niches, want to know only how your service will solve their problems, help them earn money, etc.

However, this fair statement does not mean that you should not understand the structure of your expenses, in particular, such as their most important component as customer acquisition cost (CAC).Most SaaS companies understand the importance of Customer Acquisition Cost as a criterion for the success of a marketing strategy.

But they do it more on an intuitive level, which is not sufficient for confident profit optimization.The cost of acquiring customers is a matter of concern for many marketers working in any market sector.

But CAC analysis and optimization are vital for SaaS because it is for this type of business that success depends on the maximum profit brought by the Lifetime Value of the Customer (LVC).Acquiring new customers is the main expense of any startup, and this is where a significant amount of time and money is spent before a newborn business begins to yield a return on investment.

In terms of your planned pricing strategy, it is vital to remember the Customer Acquisition Cost.

In all their PRs and advertisements', Slack has time and again claimed that their free tier offers an unlimited number of users.

You can add ‘as many people’ as you want to.

But is it really true?Is Slack Misleading people about its Free ‘Unlimited Plan’?We came across a couple of Slack users who have reported that there’s a limit with a freemium plan, despite what Slack says.

For Example, David Chen, who wanted to build a massive Slack community of 10K+ users, found that the service starts fizzling out around 5000 users, and poops out completely after onboarding 8,500 users.

Quincy Larson added 8462 users to his Slack channel, and after that, the channel stopped accepting new users.

Users hoping to build a 10k+ community through freemium plans should look for a Slack alternative..Should you Pay for Slack?Slack is a great office collaboration tool, without any doubt.

Choosing the right business model will help you to earn more profit from the Tinder clone app.

A few of the well-known business models are mentioned below for your reference.Freemium modelThis model is widely used in most dating apps.

The word Freemium is split as Free + Premium.

For example, you can let your free users know the profile visits count and allow premium users to know who has visited your profile.

Also, you can give trials for advanced features for free users and prompt them to go with the paid version once the free trial ends.

Paid subscription modelYou can allow your users to pay for services on a monthly, quarterly, or yearly basis.

Well, you can almost find anything on the internet nowadays, but still, some people prefer using mobile apps and don’t like opening a browser all the time to visit a website.

So, for all the people who are looking for some fantastic fact apps that can help them find interesting factual stuff, we have brought a list of fact apps.

Curiosity also allows you to save and share your favorite facts with your friends.

The app is pretty simple and available entirely for free, with no in-app purchases.FeedlyFeedly is a news aggregator app that features cross-platform support, a straightforward user interface along with simple controls, and has integration with some very popular apps such as Facebook, Evernote, Twitter, etc.

It is available for free with advertisements that can be removed by purchasing for $1.99.QuizoidQuizoid is quite a fun quiz game app that boasts more than 7000 questions to answer along with three game modes.

The app even provides you with a series of lifelines to help you solve super difficult questions.

The global E-Learning market size is projected to reach USD 315 billion by 2025.

Moreover, increasing focus on analysis has led the users to have an insight on the growth of market.

Several views of manufacturers, end users and industry experts are being used for the collating the market for the estimated forecast period.The major players of the global e-learning market are Apollo Education Group Inc., BlackBoard Learn, Oracle, Pearson PLC, The British Council, McGraw-Hill eLearning Group, Cengage Learning, Macmillan Education, Cornerstone OnDemand Inc., Desire2Learn, Educomp, Instructure, English Attack, Coursera, Latitude CG, etc.

The introduction of freemium offerings with competitive short-term subscription prices and the rising investment in product development offers new opportunities for new start-ups in the market.

In addition, setting the right price to efficiently gage and capture the future consumer's marginal utility will be a major strategic challenge for vendors in the coming years on the global e-learning market.Read complete report at: https://www.adroitmarketresearch.com/industry-reports/e-learning-marketThe report also throws light on various aspects of the global e-learning industry by assessing the market using value chain analysis.

E-learning has become a must-have for both US companies and businesses around the world.Get 10% Discount on Purchase at: https://www.adroitmarketresearch.com/researchreport/purchase/1390 Segment Overview of Global E-Learning MarketType Overview, 2018-2025 (USD Billion)Packaged ContentServicePlatformLearning Mode Overview, 2018-2025 (USD Billion)Instructor BasedSelf-PacedEnd-User Overview, 2018-2025 (USD Billion)K-12Higher EducationCorporateGovernmentOthersRegional Overview, 2018-2025 (USD Billion)North AmericaThe U.S.CanadaMexicoEuropeUKGermanyFranceRest of EuropeAsia PacificChinaJapanIndiaRest of APACSouth AmericaBrazilRest of South AmericaThe Middle East and AfricaUAESouth AfricaRest of Middle East & AfricaAbout Us:Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.

Gone are the days, when we stored a deck of songs on our device, thereby reducing the storage space of our mobile phones.

Reputed music streaming apps like Gaana, Spotify, etc., have evaded the need for storing hundreds and thousands of songs and tracks on our mobile phones.

Instead, we can just stick to these apps and listen to a wide collection of songs and tracks.There are many key advantages of music streaming apps for users like offline listening, accessibility to numerous tracks and songs, recommendations, etc.

If you can’t wait to develop such feature-rich music streaming app, head to the next section to know more.Gaana clone - A quick music streaming app development solutionNotably, Gaana is a popular music streaming app with a large user base.

Yes, the user base of Gaana is 200 million as per the latest information.

In the Indian market of music streaming apps, Gaana holds around 25% share, which is the highest.The features and the sturdiness of Gaana have made people cling to this app.

This tool can be used across multiple platforms.

This device can be required by the complexity of the file then that will be completely free and available in online.• Ease PDF (Recommended)Ease PDF online compressor is an excellent online PDF compressor.

However, it can create an additional feature to improve the quality, speed and accuracy to the files.

It contains with the three options that are helping to compress the files based on its sizes such as extreme, Recommend and high.

It will help to compress the files properly and maintain its good quality of output.• PDF CandyPDF Candy online compressor is simple but it is a more useful tool that you need to upload it properly.

These options will allow you to select the file to send by email.

Downloading the audio files of YouTube videos is a lot easier than downloading music from third party websites that provide music for free.

Now it has become a lot easier and faster to convert YouTube videos to MP3.

There are a couple of ways to do just that.

Make sure you go through the different waya to download and convert YouTube videos.Below are some of the best ways to download music MP3 files from YouTube:Convert YouTube Videos to Mp3 Using Any Video ConverterStep 1: Visit Any Video Converter official website and download the application according to your OS.

( Windows and Mac)Step 2: Now install the downloaded setup file.Step 3: Open the application and paste the link of the YouTube video which you want to download and convert into mp3 and then tap download.Step 4: Play the downloaded Song and enjoy.Download the YouTube Videos as MP3 File in Android PhoneStep 1: Download the Snaptube Android app from your browser.Step 2: Open the downloaded app and then navigate to YouTube.Step 3: Now search for your favorite song and select the video and then choose the MP3 format and download the music.Step 4: Now you can play the song in any media player you have on your phone.Note: If the above application is not available in your region, you can download any other alternative of Snaptube such as Tubemate, Videoder, Vidmate, Newpipe, etc.YouTube MusicIf you do not want to download the song, but want to listen to music, then you can use YouTube music.

YouTube provides its own application to help you listen to your favorite songs.

Spotify has millions of users worldwide, and with its latest upgrade, it might be able to increase its user base.

This application is perfect for people who want music on the go, especially for people with smartphones.

Launched in the year 2008, this app provides access to over 60 million songs and other freemium services.

Users can search for artists, albums, genres, even songs for the mood they’re in along with editing, creating, and sharing playlists.With the technological advancements since 2008, this application is not just limited to a smartphone anymore.

It is available to download on almost every smart device whether it’s a TV or a Desktop.

Even though it had been made available on desktops, it lacked the feature of Chromecast or ‘Spotify Connect’ until the recent upgrade.

Freemium games are available for free with an option to pay later that many people don’t like.

It even boasts offline support, achievements, Google Play Games cloud saving, and many more things.

Your goal is to defeat the bad guys and help the alien to get back to his home as soon as possible.

You can get this game by making a one-time purchase of $4.99.Cytus IICytus II is a pretty decent rhythm game that boasts colorful graphics, smooth gameplay, and an anime theme.

You can play Cytus II for free or purchase it for $9.99.The EscapistsThe Escapists is an outstanding puzzle-escape game loaded with a bunch of simulation elements.

You can play it by making a single purchase for $6.49.Mini MetroMini Metro is quite a decent puzzle game where you have to build a transit system for a city by connecting the dots and making the best possible decisions.

Omnichannel Commerce, the parent company behind Octopus middleware platform, introduces FREEMIUM packages for retailers looking for cost-effective POS eCommerce integrated solutions.

Starting from October 2018, the company is going to introduce a Free package along with Single and Multistore Packages for small-medium retailers.

The free, limited plan is available to everyone.

The Free plan is expected to increase Octopus user-base and will be a step towards mass-adoption.

In a statement, the company’s spokesperson shared his thoughts, “We are pleased to announce a new Free package designed for SMEs, while also continuing to provide Single and Multi-store packages for most customers”.

“The Free plan will help easy on-boarding for the retailers who have low budgets or are dissatisfied with their current integration and looking for an alternative solution”, he further added.

A number of businesses continue to make use of emails for marketing and advertising their goods and services.Crafting a marketing email takes a great amount of skill, and since companies normally send out such emails in bulk, it would be impossible to personalize such emails.

An email marketing tool is helpful in running a targeted or generalized email advertising or marketing campaign.

It adds automation, social media integration, and even collects data to generate analytic reports to help make your campaign a success.Now that you understand the importance and the need for an email marketing software, here are some of the best freemium or free trial tools available:1.

Powered by Google Analytics, you can gain access to a wealth of information related to subscriber engagement and responses.The Campaign management feature of Mail Chimp allows users to plan, schedule, and execute email campaigns related to any occasion or event.

SendBlasterThe Bounce Management System of SendBlaster ensures email deliverability and prevents response failure.

You can either download it for free or buy SendBlaster Pro.Notable FeaturesModern user interface.List segments for easier management.Unsubscribe replicator.Visual editor.3.

Applications are major tools in the world of digitalization, and without apps, numerous tasks can’t happen.

Currently, two type of apps available, which is “Freemium” and “Premium.” Freemium apps are those, that do not charge money for using.

Freemium and Premium both types are important, and both are part of the tool.Sources :- What Are Freemium Applications And How Do They Work?

But there is a limit of service you cannot go further until you take premium.

In the older times, there were very few apps that provide premium services, but now you can find several apps that provide paid premium service for enhanced feature.Freemium Applications are Nothing NewNowadays, users see premium sign on so many applications, but it’s not new.

Still, most of the people prefer to use Freemium apps instead of taking a subscription.

Spotify is a video, podcast, and music streaming freemium service which offers free streaming of rights managed-protected material in its free plan.

While additional features like improved streaming quality and music download are available to users who opt and pay for their selected monthly or yearly subscription packages.

Music industry’s revenue has a bigger part of Spotify’s contribution in it.

Though Spotify hasn’t covered many countries, Spotify business model has been succeeded in comparison of many other online music streaming applications.Spotify was launched in 2008 in Sweden as music, podcast, and video streaming freemium service.

Spotify uses a freemium model strategy to make money through paid subscription and advertising.

Like Youtube and MailChimp, Their main revenue sources are premium subscriptions where they provide unlimited downloads and no advertisement.