Freemiums, Free Trials, and Other FinTech Pricing Models
Pricing should be a part of the overall growth strategy of your FinTech, and in today’s episode, I’m going to be talking about the pros and cons of a number of different pricing models.
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Today’s episode:
- [01:04] Why FinTech CEOs worry about charging their customers.
- [01:26] The inspiration for this episode.
- [03:37] Changes that Apple and Google have made in the past few months that affected the price of online advertising.
- [04:47] Why free models have been used as a growth strategy by many FinTechs.
- [05:20] The difference between freemium and free trial.
- [06:25] When you should consider using a freemium model.
- [10:40] Benefits of using a free trial model.
- [12:30] Where the limitations of free trials and freemiums lie.
- [13:11] An overview of subscription-based models and premium memberships.
- [15:19] The downsides of free trials.
- [15:46] How pricing grandfathering works.
Show links:
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