GTM Sauce

B2C · study notes app for students

How uDocz grows

1 tactic and 2 figures from 1 interview.

udocz.com

About uDocz

What it is
South American edtech company with user-generated study content for college students
Who it's for
College students in South America
Business model
Subscription
Pricing
Before: two tiers (Udocz Lite and Udocz Pro), each monthly and annual; Pro added licensed publisher ebooks; After: single tier (Udocz Plus) with a lower annual price

As described in the interviews, not independently verified.

uDocz's tactic

uDocz · B2C · study notes app for students

+12% subscriber conversion, +10% net subscription revenue, better margins

Starting point: two tiers (Lite, Pro) each with monthly and annual plans; Pro's extra value was licensed publisher ebooks. Instead of A/B testing prices first, run a Van Westendorp survey (at what price is it too expensive, getting expensive, a bargain, too cheap to trust) to get the optimal price range, cut by tier; then a conjoint survey where each user makes 5-10 choices between 2-4 packages of attributes to get marginal willingness to pay per feature. Findings: little extra willingness to pay for Pro over Lite or for annual over monthly, and publisher ebooks had among the lowest willingness to pay. Action: collapse to one tier (Udocz Plus), drop the licensed ebooks, and lower the annual price. Guest's rule: early consumer apps should offer one plan (annual only, or monthly + annual).

Workedpricing
Sub Club by RevenueCat · 2023-12-13

uDocz by the numbers

MetricValueContextSaid in
conversion rate+12%Subscriber conversion after collapsing Lite/Pro into a single Plus tier and lowering the annual priceSub Club by RevenueCat
2023-12-13
1:17:27
revenue+10%Net subscription revenue after the single-tier, lower-annual-price changeSub Club by RevenueCat
2023-12-13
1:17:27

Topics

Interviews