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Is The Freemium Business Model Right for Your Product or App?

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Freemium gets my vote for being the ugliest portmanteau in existence. But despite the unlovely combination of the words free and premium, the freemium business model, which gives away a core product, app, or service, but charges for upgrades, features, and additional space, is hugely popular. When the model works, it can be wildly successful: Think Gaming estimates that the addictive game Candy Crush is raking in $975,000 in revenue a day. But what works well for one product, doesn’t necessarily always lead to success–discover some of the key characteristics of profit-making freemium apps and products to help determine if freemium makes sense for your idea.

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