ProductLed Podcast 5 Easy-to-Implement Best Practices to Boost your SaaS Upgrades
Mar 24, 2024
Monetization expert Wes Bush shares 5 best practices for boosting free-to-paid conversion rates including sequencing, reevaluating free models, and simplifying the upgrade process. Topics cover enhancing user experience, pricing psychology, customer retention strategies, and the importance of user feedback sessions.
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Upgrade Sequencing
- Optimize upgrade sequences by considering psychology.
- Start with easy choices to encourage completion.
ChatGPT Upgrade Flow
- ChatGPT effectively reminds users of their current plan upon upgrade.
- It shows current features alongside the next plan's benefits.
Re-evaluate Free Model
- Re-evaluate your free model if you experience high short-term churn.
- Ensure users experience enough value to justify upgrading.