My Growing Startup: Should I Monetize it or Keep it Free? (Infographic Inside)

Posted by ivanpw under Startups
From http://www.bizpenguin.com 4368 days ago

Which startup growth strategy should I adopt? Should I monetize my products/services or keep them free as long as I can?

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Written by tiroberts
4368 days ago

I like this post. When starting out, I think important it's to combine both freebies and monetization. I do that in my internet marketing business. I first offer a freebie of some sort, that's of course valuable, and then integrate paid products into the freebie as upsells or recommendations. This is an important part of an effective sales funnel and business model. I think it's not wise to leave money on the table because you think what you have to offer may not be valuable enough. It's all about testing, tracking and improving. Thanks for sharing this post with our BizSugar community. I enjoyed your insights!

Ti

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Written by ivanpw
4368 days ago

Hello, Ti!

Yes, I agree - it's all about trying things and track the results - rinse and repeat.

Just wondering, do you have an "exit" in mind with your online business?

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