A meditation app · B2C · host's conference contact
Sell live classes, Zoom sessions and week-long intensives to your most engaged users
Revenue almost doubled; live offers now half of revenue
What they did
What happened
- Stage
- growth
In their words
How Tinder Captures More Value With Tiered Pricing and Consumables — Ravi Mehta
Ravi MehtaI think so. And then there's always the whales who are willing to spend more, and so it's good to cater to them. Games do a really good job with that. And I think there's also the brand signaling if you can have really premium products within your brand or within your product ecosystem that suggests that it's a premium place to be.
David BarnardYeah, we're actually talking about this at APG Growth Annual, and to your point Jacob, it is kind of beyond the typical playbook of a high growth margin software play, but for a lot of apps there are potential to do small things that don't scale for the people who are just willing to spend more or want those kind of different experiences. So at App Growth Annual, I was talking to a guy who has a meditation app and was struggling to grow and started offering classes and intensivess and week long things, and I think he followed up recently with me and said he's now almost doubled revenue. So the digital product is providing half the revenue now, and these in-person experiences Zoom calls and other things are providing the other half. And so when you have this base of users, and again for Tinder at the scale of Tinder, maybe it doesn't make sense, but this is one-on-one matching for
Jacob EitingThey want to give up a 10
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More from this episode
- Offer three subscription levels and sell extra boosts on topFormer CPO calls it one of the best ways to price consumer apps; no revenue split given
- Keep dating free for most users so there are plenty of people to match85-90% never pay; the 10-15% who do fund the business
- Interview users spending $100-250 a month, then build a top plan for themLed to Tinder Platinum; no results shared
- Test many prices for each plan and add-on, country by countryHundreds of price SKUs live at once; no test results shared
- Sell a paid 'super like' that stands out from a normal likeSuper Likes are 3x more likely to get a match
- Let people start swiping in two minutes using Facebook login and photosOnboarding cut from ~20 minutes to under 2; brought younger people into online dating
- Replace a 3-screen checkout with a 20-question intake before paymentConversion up (host says 40%); 99%+ of people answer each next question
- Sort hotels by each traveler's past behavior without calling it 'just for you'Unlabelled version converted better; labelling it 'just for you' dropped conversion
- Show ads to free users to cover their costSmall share of revenue; ads worth far less than a subscriber
- Start at $20-30 a month; if nobody pays, fix the product, not the price
- Give a short free trial that builds a daily habit, then chargeGuest converted without hesitation; a free-tier rival he uses daily never got paid
- Play rain sounds the moment the app opens, and in 15-second ads
- Set quarterly goals as a short why, 3-5 commitments, and a task listGuest says teams that adopted it found it works better than OKRs; no numbers
Tags: live-classes, high-ticket, zoom, whales