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Thanks! Love the detail. I'll respond in time... our backend system doesn't (yet) help track where customers come from, when they upgrade from Free to Paid, and
by ahoyhere 16y ago
Thanks! Love the detail. I'll respond in time... our backend system doesn't (yet) help track where customers come from, when they upgrade from Free to Paid, and actually, not even how many upgrade as opposed to signing up as paid initially. Which I know is dumb. :)
In terms of where traffic comes from, though, we also see a huge difference. Search traffic has the second highest signup conversion rate of nearly 4.5%. We rank very well for several keywords, and quite a few people seem to search for us by name, too. Indicating more WoM.
The traffic source with highest conversion rate (5.8%) is one very targeted micro-banner on a specific blog I bought with BuySellAds, but it's not free and it's not as much traffic as search :)
By the way… I think I maybe was unclear. My 7.8% is talking about the percentage of the body of accounts. E.g., of all the accounts we have right now, how many are paying?
EDIT: Clarity.
- patio11 16y agoYour definitions and my definitions are the same, I think. Both turn out to be P / (F + P), for P = "accounts currently paying" and F = "accounts currently free". P.S. You use Rails, right? If you're interested I'll blog on the code for this -- it is under 25 lines for the stupidest thing that will possibly work.
- ahoyhere 16y agoYep, we do. I always welcome more blog posts :D For me, I don't have time to do the design/marketing/'vision thing'/cust service AND code, so I'm leaving the code to my partners. I suspect he already has a plan but it hasn't been implemented yet. Maybe I can hit him over the head with free code ;)