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by pcthrowaway
460 days ago
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I think you're missing the point. They're not necessarily sold on signing up, because the choice of 14 days for the trial period is off-putting. It's nice that you're offering a longer trial period for people who specially request it, but what they're saying (which I 100% agree with, and am also not in the market for accounting software, to be clear) is that you're likely to lose out significantly with such a short period. My guess is if you offered a 3-month trial period you'd get over 10 times as many signups. Just my 2 cents. The only way the 14-day period seems like a good idea to me from a (short-sighted) business standpoint is if there are significant problems with your software that don't reveal themselves until books for the month are done. That way you can get some conversions (followed by cancellations when they run into those shortcomings) from people who wouldn't convert if you offered a longer period. If you're worried about large customers taking advantage and becoming difficult to service for such a long period, another model is to offer a free tier with up to X data, Y records, etc. That way you'll be appealing to smaller businesses for whom this is roughly 3 months of accounting services, and perhaps less so to larger businesses who usually take much longer to convert anyway. |
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If you give the user time to get through all of the integrations/setup steps, you should be even more confident in your ability to convert them as they're invested at that point.
If you're worried about the 'load' of a user on your SaaS, then you have bigger issues to solve because the unit economics of having a low usage/free tier user should be essentially free. If a user does require a lot of human touch/support during their trial, then I feel like you handle that manually on a case by case basis. It's likely going to be rare and you can decide how to handle (eg. talk to them about paying for support / moving to a paid plan / etc). I tend to believe you're missing out on the learning and feedback loop from these types of users even if you perceive them as unprofitable or what have you.