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Lenny's Podcast: Product | Growth | Career cover image

Inside Canva: Coaches not managers, giving away your Legos, and running profitably | Cameron Adams (co-founder and CPO)

Lenny's Podcast: Product | Growth | Career

NOTE

Unleashing Revenue Growth through Subscription Model Innovation

The speaker describes how their initial revenue was driven by customers purchasing individual images but saw exponential growth only when they introduced a subscription model. Initially unclear about the specifics of the subscription, they gradually shaped it based on customer feedback, eventually creating a feature-rich subscription. This shift to the subscription model resulted in a significant increase in revenue, surpassing individual image payments. The value of the subscription, particularly with unlimited images, proved to be highly appealing to customers, driving further revenue growth.

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