freemium
Speech parts
1. freemium - Noun
2. freemium - Adjective
Meaning
freemium (not comparable)
Offering basic services for free while charging a premium for advanced or special features.
(countable) A product that is offered free of charge and supported by sales of a premium version.
(uncountable) A business model that relies on offering a free version and charging for a premium version.
Source: en.wiktionary.orgSynonyms
Examples
David Barnard, the brilliant mind behind App Cubby, suggests that the future of sustainable revenues may lie in true freemium, scaling the cost with the value derived.
And freemium is a proven approach.
His site also operates on a freemium model, offering a basic suite of services, along with ads, to its free members, and benefits like more pictures and anonymous profile browsing to its "A-List" subscribers.
However, as designer and social entrepreneur Aral Balkan pointed out in a skeptical postraised $435,000 in venture capital, and it’s hard to say whether the type of return investors are looking for will be possible through a freemium model.
However, to me, the impact of WordPress.org on freemium business models is more interesting than this particular debate.
I’d go so far as to say it’s the most common freemium pattern, if not a ‘best practice’.