Who does not like the
thought of getting something for free, only paying for it if you needed
specific features not available in the product or service you are currently
using? This is actually the very concept of freemium marketing. Since you are
offering a product for free, there will be a lot of people coming your way. And
since there are a lot of people coming, you can use this as an opportunity to
perform a little bit of B2B appointment
setting. Still, there remains
the question of how you actually do it right. If you screw the nurturing of sales leads due to poor advertising or handling of your freemium offers,
then you would are right back to square one. But, if you can pull it off, then
it will be your win.
All that remains is
for you to understand on where to begin exactly. Since the freemium business
model can get really tricky, you have to know what weapons or strategies that
you have available.
Anyway, you could handle this by remembering the following
pointers:
1.
Think of customer
analytics as your new best friend – you see, it is very important to be
connected with your business prospects. Now, in order for you to do that, you
have to know just who exactly will be that. Analytics can do that. And if you
are really determined to go for the freemium model, then you have to know how
to improve your services and the products that you are going to use in the end.
With all the data that you can get from the market, there is a really good
chance that you will get in touch with the right B2B leads.
2.
Be ready to give away
a lot before making money – people love free things, and rarely will they pay
for a pricey service when the free, but basic, one works well with them. As a
rule, only three percent of your free users will upgrade to premium service.
Unless you have the capacity to handle all the processing volume of your free
users, then using the freemium business setup may not be the ideal set-up for
your business. But if you can handle it, then why not? Increasing the number of
users can be good for marketing purposes, as well as increasing the number of
potential premium customers.
3.
Gradually increase
your charges – but you have to make sure that it is your users that drive up
the charges, not you. Let them consume more bandwidth or use more equipment,
then charge them accordingly. It also helps if you follow the subscription
model of phone companies, offering plans and packages depending on the usage
rates of your customers. You can leave the explaining to your telemarketing team, then.
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