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Have you ever wondered how it would look to switch to freemium for a a $20 million/year SaaS business? Me too! Here's an update on our progress at ConvertKit after the first month.https://twitter.com/nathanbarry/status/1223648592876883968 …
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Our mission has always been to help creators in a living. Now we can truly support ALL creators, not just those who can afford a premium service. This has been in the works for 3 years and I couldn't be happier to finally have the first version live.pic.twitter.com/QU9rbi2tC2
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Right now we aren't worried about our free to paid conversion rate. Only 22 of those 10k have upgraded to paid. In 6 months we'll put attention there. For now it's all about a big push to our goal of 500,000 creators using the free version of ConvertKit in 2020.
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Our other big challenge is to create more incentives and improve the process for inviting more creators. In January 16% of our accounts came from invites, we want to increase that to 25% in February. The 22% invite acceptance rate could be higher with better copy & design.
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Our next major campaign will be telling all creators that ConvertKit is the easiest way to launch their next creative project, 100% for free: https://convertkit.com/features/landing-pages …pic.twitter.com/POcoYqZKh9
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One key realization is that creators still only think of ConvertKit as an email platform, not email AND landing pages which it now is. We have hundreds of beautiful landing pages being created every day. It will just be a lot of work to spread that message far and wide!
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So we differentiated our free plan in two key ways: 1. It doesn't include automations or sequences 2. It doesn't include chat support With those 2 main differences between free and paid we've only seen a contraction of about $6,000 in MRR in the last month.
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The next key stat is downgrades. We have nearly 9,000 paying creators with under 100 subscribers. That represents almost $250,000 in MRR. While we wanted to offer a way for new creators to grow their audience for free, we didn't want to risk so much MRR and operate at a loss.
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A week ago we released another method where creators can just share an invite URL on public channels (rather than entering email addresses). This has resulted in 772 visits (We need to get conversion data added to Periscope here). We expect that to drive far more over time!pic.twitter.com/UpNhl5k1ai
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A key part of our strategy is to build in an invite system where we reward creators with +100 subscribers managed for free for every friend they refer. We've had 1,848 creators send 7,381 invites. Of those 1,666 have turned into accounts for a 22% acceptance rate.pic.twitter.com/5HLvaxbRaU
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30 days ago we changed our business model at ConvertKit and added a free plan. We now just crossed 10,000 free accounts!pic.twitter.com/Y29Dz0gMG0
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Nathan Barry proslijedio/la je Tweet
http://MakeNotes.co is live!
Notebooks for creatives & #makers!
From idea to landing page in a couple of hours
Thanks to @nathanbarry showing me what the new landing page builder from@ConvertKit can do!
Sign up at http://makenotes.co
#draw#ink#artHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Nathan Barry proslijedio/la je Tweet
I sat down with my CEO
@nathanbarry to chat about leadership and get his advice. And of course, I filmed it! Check out my newest video to listen to the discussion and hear all Nathan's wisdom.https://youtu.be/Zt1ezaU6UvsPrikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
You can grab your own referral link (which will be personalized with your name and photo) on your account settings page. You'll get +100 subscribers for free for each creator that signs up through your link!
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We just released a new page for ConvertKit referral links to briefly explain ConvertKit before dropping the visitor into the account creation flow. Check it out: https://app.convertkit.com/referrals/l/394d9bb9-3119-48cf-8d49-2eb93486f965 …pic.twitter.com/aEDqeagru5
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Nathan Barry proslijedio/la je Tweet
Working on a few concepts for simple
@ConvertKit landing page templates that focus on links. With this page you could add links to your projects or social profiles with an included subscription form.https://dribbble.com/shots/9836837-Links-landing-page-template …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Let’s say years ago you started a company and put your cell phone number on some of the initial paperwork. Then years later the company is bigger than you expected and you get 5-10 calls a day from sales people, VCs, and spam. Is there any solution besides just getting a new #?
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Just got the concepts from
@DannPetty on a design project for@ConvertKit... They're so good! I can't wait to build these into the product.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Everyone who signs up through your link will get +100 subscribers managed for free and you'll get the same! It's an easy way to get a free plan for up to 1,000 additional subscribers (works for paid plans as well).
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Hey creators: you can now share the ConvertKit free plan (landing pages + 100 subscribers) with a link in addition to inviting by email. This is perfect for sharing on social. Check it out on the referrals page inside the app: https://app.convertkit.com/account/edit#referrals …pic.twitter.com/RqdKo3sItX
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