GTM Sauce

Sub Club by RevenueCat · 2024-11-27

How V1 Sports Doubled Revenue with Bold Bets — Alex Prasad, V1 Sports

Alex Prasad, CEO of V1 Sports (golf swing video analysis; ~30% share of North American golf instructors), on restarting consumer growth. V1 dropped freemium for a free trial and made long-time free users pay (no grandfathering), while keeping student-coach interaction free. Despite a wave of one-star reviews, revenue grew 80-90% in 12 months. A 'why are you here?' onboarding question showed 10-15% of new users want a coach, and they subscribe more. Also covers wargaming imaginary customer conversations, keeping entry price low for lifetime value, and competing on execution.

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9 tactics

V1 Sports · golf swing video analysis app

Revenue up 80-90% in 12 months despite a wave of one-star reviews

Replaced the consumer freemium model (basic video telestration free, advanced paid) with a free trial into the paid Golf+ subscription (~$60, now $70/year). Long-time free users were not grandfathered; the change applied to future use and did not hold data hostage. The only free carve-out is students interacting with their own instructor. Decided on instinct because no one could reconstruct why freemium existed; the team accepted the backlash after wargaming complaints and betting that for every 4 complainers, 10 would subscribe.

Workedpaywallpricing
Sub Club by RevenueCat · 2024-11-27

V1 Sports · golf swing video analysis app

Coaches bring in about a third of new sign-ups every day

Students of instructors on the B2B platform can join the consumer app and send videos to and interact with their coach for free; the paywall never interrupts this. The pro pitches it as 'the free app you use to interact with me'. Users are segmented by whether they came through a pro; the ~3/4 who didn't are the ones asked to pay.

Workedpaywallpartnerships
Sub Club by RevenueCat · 2024-11-27

V1 Sports · golf swing video analysis app

Users only heard the first point; they complained anyway

Told users plainly that subscribing lets V1 deliver a better product, with little more. The lesson: when a message has three nuanced points, only the first is heard, so extra weeks polishing the announcement (a fifth email) go unnoticed. Still explain changes; guest opposes silent price increases that users find later on a bill.

Mixedpricingcustomer-support
Sub Club by RevenueCat · 2024-11-27

V1 Sports · golf swing video analysis app

Guided the paywall switch; guest says the bet played out as expected

Before a disruptive decision, play out the conversation with a real person (e.g. the one-star reviewer who had it free for 9 years) as if it happened face to face, like a bartender or dry cleaner. Ask: would we be comfortable having this conversation, and with others overhearing it? Go ahead only with conversations the team is comfortable with.

Workedteam-process
Sub Club by RevenueCat · 2024-11-27

V1 Sports · golf swing video analysis app

10-15% want a coach; those users subscribe far more often

Added a short (under a minute) onboarding question, framed like a clerk at a 'golf improvement store': how do you want to improve? Choices cover the few ways to improve (work with a coach, watch your own swing, analyze it, content). Accepts the extra friction ('positive friction') to filter out non-ideal users. Show the full menu of options even when a user names one goal.

Workedonboardingpositioning-niche
Sub Club by RevenueCat · 2024-11-27

V1 Sports · golf swing video analysis app

Early; guest says it is far from optimized

Looked for assets only V1 has: ~100K summer MAU at 21 min/month plus ~30% of North American instructors. Now building ways to connect coach-seeking golfers with instructors. More golfers wanting help attracts more instructors.

Unknownfeature-developmentpositioning-niche
Sub Club by RevenueCat · 2024-11-27

When moving B2B pros onto new software and pricing, the team has full autonomy to make it right, within guardrails set ahead of time: nobody keeps using it free forever; they must pay something and move toward the goal. Ask 'why' to find the real reason; avoid anyone leaving angry.

Unknowncustomer-supportpricing
Sub Club by RevenueCat · 2024-11-27

V1 Sports · golf swing video analysis app

The core swing video analysis is commoditized, so the $70/year Golf+ price is set as an entry step rather than the price that maximizes first-purchase revenue. The pitch: same core tool as everyone else, plus extras (coaching, content) only V1 offers, so users grow with it. The approach comes from the B2B side, where adding upsells changed how V1 priced the first purchase.

Unknownpricingpositioning-niche
Sub Club by RevenueCat · 2024-11-27

Flo · B2C · period tracking app

Cohort revenue retention ~60% in year one, then rising every year

Existing subscribers upgrade to a more premium tier and buy features not included in their first purchase, so each cohort's revenue grows after year one.

Workedupsell-expansion
Sub Club by RevenueCat · 2024-11-27

Numbers mentioned

WhoMetricValueContextWhen
V1 Sportsshare30%
approximate
Market share among golf instructors in North America (B2B side)2:05
V1 Sportsretention85–89%
approximate
B2B (instructor) retention, 'high-80s percent'3:50
V1 Sportsacvincreasing
approximate
B2B annual contract values rising while market share stays ~30%5:09
V1 Sportsusers3–4 x
approximate
Free monthly active users vs paid users (consumer app)12:56
V1 Sportsshare33%
approximate
Share of new registered consumer users who come through an instructor (pro) relationship; the other ~3/4 arrive without one12:56
V1 Sportsgrowth rate+80–90%/year
approximate
Revenue growth in the 12 months after switching from freemium to free trial21:36
V1 Sportsgrowth rate+100%
approximate
Title/description figure; body says 80-90% in 12 months21:36
V1 Sportsnew customersabout 10 subscribed for every 4 who complained
estimate
Guest's pre-switch bet on subscribers vs complaining long-time free users, which he says is basically what happened17:36
V1 SportspriceUSD 60
approximate
What long-time free users had to pay after the switch (as described by the guest)17:36
V1 SportspriceUSD 70/yearGolf+ consumer subscription, current price45:54
V1 SportspriceUSD 80/year
approximate
Host's figure for the subscription; conflicts with the guest's $70/year and was not addressed48:10
V1 Sportsshare10–15%
approximate
Share of new registered users (hundreds per week) who say in onboarding that they want to find a coach40:51
V1 Sportstime in app21 minutesper monthly active user /month
approximate
Average time in app per monthly active user27:12
V1 Sportsusers100K users
approximate
Monthly active users at the summer peak ('almost 100,000')56:15
Floretention60%
approximate
Year-one revenue retention for a cohort, which then rises year after year as users upgrade and buy more (net revenue retention)53:12
FlovaluationUSD 1,000M
approximate
53:56