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one alternative idea to free trials from Jason Cohen's ancient 2013 microconf talk, 21:00 minute mark > another hack: lotta people have free trials. 15 day fre
by shoo 5y ago
one alternative idea to free trials from Jason Cohen's ancient 2013 microconf talk, 21:00 minute mark
> another hack: lotta people have free trials. 15 day free trial, 30 day free trial. makes sense. customers want to test us out first, no one trusts anyone, that's fine. but i hate free trials actually, especially for bootstrapped companies, because you never get the money back.
most people that sign up with a credit card will stay.
if that's not true, by the way, something is incredibly poisonous, fix that part [...]. but if that's true, most of the time they give you their credit card, you're giving them 15 or 30 days for nothing and you're never going to charge them, so you just lost the money, and that sucks. so i don't like trials. you have to give them something.
> so we switched to a 60 day money back guarantee instead of a 15 day free trial. but in both cases we take the credit card. originally in one case we say we won't charge you until the trial is over, in the other one we just charge them anyway. but we'll give you a refund and much more time.
> and sales went up. and people would email us and say "you know, 15 days didn't seem like enough time, now that i have 60 days, i decided to sign up".
> but i'm charging you more, don't you understand?
https://www.youtube.com/watch?v=otbnC2zE2rw https://www.youtube.com/watch?v=otbnC2zE2rw
- estaseuropano 5y agoI heartily disagree. Maybe its just my privacy conscious european-ness but seeing how companies keep leaking data I do not went to give my data, much less my CC, to a service I'm not actually sure i will end up using.
- BerislavLopac 5y agoThat's what virtual credit cards are for.
- dmurray 5y agoI'd be happy with the money-back guarantee from a trustworthy company, but in practice I'd be worried about them increasing the friction of cancelling/claiming the refund. Most founders are probably well-intentioned here but a few bad apples make it difficult to trust anyone.
- shantnutiwari 5y agoagree. there was a post here about someone talking about how they were sick of sending support requests into a blackhole. My reply would be: Thanks but no thanks.