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David Rusenko

๐Ÿ‘ค Speaker
265 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

And, uh, when we first introduced that, uh,

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Um, I think it was, it was in June of 2008.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

We saw a conversion rate of, um, just under 0.5%.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Okay.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

So, you know, for someone getting started, who's, who's looking to start a premium business, I think it's, it, you absolutely have to keep in mind that these numbers that you see in terms of what's average for free businesses, first of all, um,

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

you know what's average like sort of sort of what's the what's the mean and the median are very very different um in freemium models um but number two where you start with is going to be very different than where you end up when you're mature and so i think it's really worth taking that in account if you're looking at um sort of uh you know introducing either a freemium or or just a sas model on top of your business

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

And you're expecting to get the average on day one.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

I would say lower your expectations because it takes a lot of time to get there.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

A lot of optimization, a lot of price testing, a lot of funnel optimization to get to the point where you're even at average.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

But then again, for some businesses, you may start day one above average.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Right.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

But I think I think in general, it's fair to say lower your expectations, at least in terms of your planning and what you're planning for.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

I mean, some businesses are able to do four or five, six.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Some businesses are never able to get there.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Some businesses are able to do 10 percent plus.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Right.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

I think freemium, you know, freemium and free trial are, you know, it's not binary.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

It's more of a continuum.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

Right.

SaaS Interviews with CEOs, Startups, Founders
1151 Weebly CEO: 50m Users, North of .5% Conversion to $8/mo

And so you have freemium on one.