Growth Gems experts

Jeff Grang

· LinkedIn

6 insights on Monetization from one talk or podcast, each with the quote and a link to the moment it was said.

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Monetization

Monetization

To improve the trial-to-paid experience, you can offer users a second chance by allowing them to extend their trial if they didn’t experience the app. You can also lower the barrier with a discount.

Advanced techniques to improve the subscription funnel · Featured in Growth Gems #95

Sylvain's take:


I like this because the “discovery time” mentioned above might vary per user, and many external factors can influence whether a user experiences your app or not.

Monetization

Apple gives you information on upcoming expired credit cards. Send users an email + notification to let them know their card is expiring, so they can fix it.

Advanced techniques to improve the subscription funnel · Featured in Growth Gems #95

Sylvain's take:


Apple does A LOT to charge subscribers in case an issue arises. But there is no reason to rely just on their efforts, so enabling the grace period and doing the above will help your involuntary churn.

Need some inspiration? Reid shares examples from Spotify in Battling Payment Issues to Improve Retention.

Other

Display several paywalls: from something very generic that explains the whole subscription on the first session to something very specific as users access the paywall from different places of your application.

Advanced techniques to improve the subscription funnel · Featured in Growth Gems #95

Sylvain's take:


This is something Tinder excels at, for example. It does help that the app has different in-app purchases for the many use cases, but this can be an inspiration even for a single-subscription app.

Here are also some examples Jeff share with me (from Bim).

You should put an unsubscribe button in your settings that gets users through an in-app cancellation flow so you can gather data from users on:

  • Why they want to cancel
  • What they liked about the app.

Advanced techniques to improve the subscription funnel · Featured in Growth Gems #95

Sylvain's take:

Below is an example of cancellation flow from Uptime.

Other ideas you can try: displaying a CTA to buy Lifetime before they even get to the flow, showing an offer depending on the survey answer, or suggesting a downgrade option.

Improve and optimize niches. There are overperformers and underperformers (e.g., young people, specific geos, etc.). You want to optimize for these different segments. Example: health & Fitness app that developed a program with the UFC with different content for a male audience.

Advanced techniques to improve the subscription funnel · Featured in Growth Gems #95

Sylvain's take:


What’s your underperforming segment that represents the most volume? What can you do to make the app more valuable for these users (or get them to share it)?

Which segment converts at a high rate? What else can you sell them?