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	<title>Dhruv Mehta, Author at Relevance</title>
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	<title>Dhruv Mehta, Author at Relevance</title>
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		<title>6 Ways To Drive Conversions From Trial To Paid Subscriptions</title>
		<link>https://www.relevance.com/drive-conversions-from-trial-to-paid-subscriptions/</link>
		
		<dc:creator><![CDATA[Dhruv Mehta]]></dc:creator>
		<pubDate>Wed, 06 Jan 2021 16:00:48 +0000</pubDate>
				<category><![CDATA[Relevance]]></category>
		<guid isPermaLink="false">https://www.relevance.com/?p=111268</guid>

					<description><![CDATA[<p>Offering freemium plans for products and services allows companies to acquire new users on a regular basis. However, offering free trials does have a downside. A vast majority of customers don’t take further action once the free trial ends.  Freemium products &#8212; irrespective of industry and function &#8212; face one constant challenge: converting trial customers&#8230;</p>
<p>The post <a href="https://www.relevance.com/drive-conversions-from-trial-to-paid-subscriptions/">6 Ways To Drive Conversions From Trial To Paid Subscriptions</a> appeared first on <a href="https://www.relevance.com">Relevance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Offering freemium plans for products and services allows companies to acquire new users on a regular basis. However, offering free trials does have a downside. A vast majority of customers don’t take further action once the free trial ends. </span></p>
<p><span style="font-weight: 400;">Freemium products &#8212; irrespective of industry and function &#8212; face one constant challenge: <a href="https://www.relevance.com/how-to-design-ctas-that-actually-work-with-6-great-examples/">converting trial customers</a> into paid customers.</span></p>
<p><span style="font-weight: 400;">No business can run without paid subscriptions, so the sooner trial customers convert to paying customers, the better the long-term prospects of the business. </span></p>
<p><span style="font-weight: 400;">Let’s explore some possible ways you can increase your number of converting customers. </span></p>
<p>&nbsp;</p>
<h2><span style="font-weight: 400;">Tips to Increase Paid Subscriptions</span></h2>
<p><span style="font-weight: 400;">Customers signing up for your free trial shows that your marketing engine is working, but there is still a long way to go before you can turn these trial customers into paid ones.  </span></p>
<p><span style="font-weight: 400;">Once the customer signs up, you have the opportunity to earn their trust and to show them that the paid subscription is worth the price. </span></p>
<p><span style="font-weight: 400;">This begins with creating a positive onboarding experience. </span><span style="font-weight: 400;"><br />
</span></p>
<p>&nbsp;</p>
<h3><span style="font-weight: 400;">1. Improve in-app onboarding</span></h3>
<p><span style="font-weight: 400;">The </span><a href="https://justtotaltech.com/customer-onboarding-process/"><span style="font-weight: 400;">onboarding process</span></a><span style="font-weight: 400;"> is the first contact your users have with your product, so you want to make the experience easy and pain free. </span></p>
<p><span style="font-weight: 400;">Use the bulleted tips below to help you create a streamlined and engaging in-app onboarding process. </span></p>
<ul>
<li style="font-weight: 400;"><span style="font-weight: 400;">Keep it short and contextual.</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Use real-time app screens and not abstract screens.</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Provide proactive and reactive guidance.</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Use visual hints to guide the user through controls and settings.</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Use sample data that the user can customize to get a hang of the product. </span><span style="font-weight: 400;"><br />
</span></li>
</ul>
<p>&nbsp;</p>
<h3><span style="font-weight: 400;">2. Provide personal support</span></h3>
<p><span style="font-weight: 400;">At the end of the day, users are people. They want attention, especially when they are trying to figure out how to use a new software product. Personal support in the form of a phone call, support articles, <a href="https://www.relevance.com/how-to-optimize-live-chat-for-conversions/">chatbots</a>, or even</span><a href="https://acquire.io/blog/live-chat-winning-customer-support-race/"><span style="font-weight: 400;"> live chat software</span></a><span style="font-weight: 400;"> can make the onboarding journey easier for users. </span></p>
<p><span style="font-weight: 400;">If your users feel taken care of and that their questions will be answered in a timely manner, they are more likely to buy your product later on when it comes time to convert to a paid subscription. </span></p>
<p>&nbsp;</p>
<h3><span style="font-weight: 400;">3. Offer a top-tier plan on trial basis</span></h3>
<p><span style="font-weight: 400;">Offer a trial product that gives unbridled access to all your product features, like those available in a top-tier paid plan.  </span></p>
<p><span style="font-weight: 400;">There are several advantages to offering a top-tier plan on trial. The first is, the user gets to experience the product in its truest form without any restraints. This helps them understand how the product can help them achieve their objectives.  </span></p>
<p><span style="font-weight: 400;">Also, once the trial expires, the user will be able to notice the stark difference between a paid plan and a trial version. The lack of features in the trial version itself may encourage them to upgrade to a paid subscription. </span></p>
<p>&nbsp;</p>
<h3><span style="font-weight: 400;">4. Run upsell campaigns</span></h3>
<p><span style="font-weight: 400;">Upselling persuades customers to upgrade to a paid version or move up to a higher plan. From a sales perspective, it is never easy to upsell to customers. However, well-planned and targeted upsell campaigns can do the trick. </span></p>
<p><span style="font-weight: 400;">For example, for every business, volumes spike during the holiday season. They have more sales,</span> <span style="font-weight: 400;">customer support tickets, etc., during the holiday season. </span><a href="https://clearout.io/blog/2020/10/21/4-ways-to-improve-your-email-marketing-campaign-with-an-intuitive-chatbot/"><span style="font-weight: 400;">Email campaigns</span></a><span style="font-weight: 400;"> carrying an upsell message can convert customers on the trial plan to the paid plan.  </span></p>
<p>&nbsp;</p>
<h3><span style="font-weight: 400;">5. Restrict essential features in free plans</span></h3>
<p><span style="font-weight: 400;">Most users will stick to free plans if they are able to make do with the features available. This is typically the case with small businesses that have minimal use cases and also a bare minimum budget for their operations.  </span></p>
<p><span style="font-weight: 400;">One way to restrict users from sticking to free plans is to cut short the features available on the trial plan. You can continue to offer a higher plan during the trial, but once the trial expires, restrict the features to a bare minimum. This will likely prompt users to upgrade to a paid subscription. </span><span style="font-weight: 400;"> </span></p>
<p>&nbsp;</p>
<h3><span style="font-weight: 400;">6. Highlight what they are missing in trial plans</span></h3>
<p><span style="font-weight: 400;">Most often, customers can’t see what they are missing out on when only using a trial plan. They need to be educated on what they can gain by moving to a paid subscription. This can be done in two ways:</span></p>
<ul>
<li>
<h4><b>Email nurture campaigns </b></h4>
</li>
</ul>
<p><span style="font-weight: 400;">Create a separate segment of trial customers and target them with the latest feature releases available on higher plans. Highlight the benefits of the feature and how it can augment the user’s productivity if they upgrade.  </span></p>
<ul>
<li>
<h4><b>In-app notifications</b></h4>
</li>
</ul>
<p><span style="font-weight: 400;">In-app notifications and visual cues within the app can nudge the user to see what is possible in a higher plan. This can be used strategically — for example, when the user is using a long-wound way to do something, like customizing a report or dashboard. Strategically positioned notifications can help nudge users to a paid plan. </span></p>
<p>&nbsp;</p>
<h2><span style="font-weight: 400;">The Final Word</span></h2>
<p><span style="font-weight: 400;">Asking trial customers to upgrade to a paid subscription plan is easier said than done. Even the most experienced sales folks find it a tough challenge. However, there are other means to achieve it.  </span></p>
<p><span style="font-weight: 400;">It requires the marketing and sales teams to come together and act as a single unit. The strategies explained above help with that. What have you tried to make your trial customers opt for paid subscriptions? </span></p>
<p>The post <a href="https://www.relevance.com/drive-conversions-from-trial-to-paid-subscriptions/">6 Ways To Drive Conversions From Trial To Paid Subscriptions</a> appeared first on <a href="https://www.relevance.com">Relevance</a>.</p>
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