Free Trial is a very misunderstood topic. This presentation cover everything you have to know in order to be successful in SaaS and Free Trial.
Read the full article on my blog: http://www.pierrelechelle.com/saas-free-trial
10. Some statistics
• Totango Benchmark
• Sample of 550 B2B SaaS Companies
• 41% list pricing on their site
• 56% did not offer a free trial
11. Should you have one?
• It’s not obvious!
• Does it make sense to have a free trial inside
your sales funnel?
12. Think about the big picture
Customer Pricing Distribution
Sales
Funnel
Onboarding
Process
…
13. Should you have one?
• Can your product “sell itself”?
• Can the free trial, demonstrate value and
create usage?
14. Analytics & Optimization
• Consider your whole funnel
• Optimize your whole funnel
• Test whatever you can, including:
– Duration of free trial
– Pricing
• Measure Activation (Usage & Revenue)
Acquisition Activation Retention Referral Revenue
15. Convert users to paying customers
• Demonstrate value – it’s not about price
• Discover CCAs: set of actions users are doing
that demonstrates the value of the service
• Dig deep into Analytics to discover CCAs
• Push users to execute CCAs
16. Duration
• Free Trial should be
– Long enough for users to execute CCAs
– Short enough to create scarcity
• Experiment & Test Trial Duration
17. Repartition of Duration
30-day, 41%
2-week, 18%
1-week, 4%
60 days, 2%
10 days, 1%
45 days, 1%
6 months, 1%
Other, 9%
Totango’s Benchmark - Only 68% of the sample is known
22. You can also contact the people that did not
complete their payment details
23. Users did not convert?
• Impossible to get 100% conversion rate
• Contact them personally
• They’re still prospect, don’t let them down
• Make use of
– Lead Nurturing
– Email Marketing
– Retargeting