inlytics.io reposted this
"You're an idiot for requiring a credit card for your free trial. Just go PLG." I don't think so. Here's why: → We get over 200+ signups per month → 80% of people who start the signup form go on to enter their credit card (if not more) and start a free trial → 60% of people who start a free trial become a customer → I follow up by hand with each person who starts a free trial, and I offer to work closely with anyone who accepts my help with onboarding Let's say I could get to 1200+ signups per month and 6X this number by removing the credit card requirement. Great, but now I'd have no idea who was serious about evaluating our product. I wouldn't know who to spend time with. The legitimate prospects wouldn't be able to get enough support during their critical eval period. That's no good. And it's not worth the vanity metric of my signups going up by a bunch. — By the way, some people along the way have INSISTED that they're special, and they are interested in Aware but REFUSE to do a trial if they need to put in a credit card. Let alone that this is a giant pain in the ass for us. Guess how many of those people have become customers? Not. A. Single. One. And that's my point. The people who want you to give a mile, and won't give an inch? For a software with a free trial, straightforward refund policy, based in the US, where you're working directly with the founder? And the typical price point is... fifty bucks a month? We're not talking enterprise software here, folks, we're talking small businesses and small to medium size departments of midmarket companies, at the biggest. With THAT as the context... if you refuse to put in a credit card to start a free trial, I know you aren't serious. And our brand has gotten strong enough that I just don't NEED to kowtow to this type of request, whether in a one off sense, or as a whole with our product strategy, in order to grow. — One more thing: if you're a SaaS company with a PLG/freemium model, seriously no offense and power to you. That rocks. We just don't do it that way for our own company. I just need to brush off the people that insist their way is the only valid way and I'm somehow a SaaS dinosaur for requiring a CC to experience our platform.