Categories

Freemium

Definition:

Freemium refers to a method where a company renders a free general product; to provide the consumers the choice to utilize a superior variant for prime cost.

Information:

Freemium operates by rendering a general product, and then a prime offer is made to the customer that comes along with a charge. Through this approach, sales increase without being more assertive. Many online games, VG anti-virus software, and Yahoo Mail classify within this section.

The Freemium method permits for more efficient crowdsourcing; to test for bugs within several software programs. Defects in the design are easily identifiable as many people use this commodity.

Helpful Articles to Understand Freemium:

Explainer: What is the Freemium Business Model
Business Insider (April 8, 2011)

How to Create a Profitable Freemium Startup
Andrew Chen Blog (September 27, 2010)

Going Freemium: One Year Later
MailChimp Blog (September 27, 2010)

Freemium Isn’t A Business Model, It’s A Marketing And Trust Strategy
What’s In Peter’s Head (October 17, 2008)

My Favorite Business Model
AVC (March 23, 2006)

  •  
  •  
  •  
  •  
  •  
  •  

Was this article helpful?

Support us to keep up the good work and to provide you even better content. Your donations will be used to help students get access to quality content for free and pay our contributors’ salaries, who work hard to create this website content! Thank you for all your support!

Reaction to comment: Cancel reply

What do you think about this article?

Your email address will not be published. Required fields are marked.