The Freemium business model has been around since the 1980s, but it has recently gained more popularity. The basic premise is that a company will offer a free version of its product or service, but the company will also provide an upgraded version of the same product for a fee.
The free version might come with disabled features or less support than you would receive if you paid for the service. There are several benefits to using this business model, including increased cost effectiveness and improved brand recognition.
Continue reading Pros and Cons of a Freemium Business Model at StartUp Mindset.
https://startupmindset.com/pros-and-cons-of-a-freemium-business-model/
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