Just introduced paid plans in my SaaS and got the first paying customer
As per the title, Today I just introduced a couple of paid options for my Saas and I just recorded the first payment, for a yearly Pro plan ($150).
The tool is in the niche of Decentralized Finance (DeFi) and allows users to calculate their returns when investing in Uniswap, a (super-interesting) protocol which is getting pretty popular within the Ethereum community. I launched it as a totally free product in June, got some initial traction, and now trying to find a model to make it sustainable and develop it further. DeFi is still very small, but with high growth potential I believe.
I’ve created so far 3 plans: Basic (free), Pro (1 ETH/year, about $150) and Large Investors (5ETH/year, about $750). They differ in terms of features as well as for the number of analysis allowed.
Wanted to share this with you. Any consideration/ pitfall to avoid when moving from free to paid?
https://www.uniswaproi.com/
@federiconitidi's retrospective from 2019 captures the critical transition from initial concept to the first dollar of customer revenue.
Discussions analyzed Show HN launch mechanics, cold DM outreach conversion rates, and the psychology of validating customer demand before writing code.
Congratulations ! You've hit the market validation milestone. That's not easy.
I believe your project success is tighly coupled to DeFi success (as a platform).
In order to succeed you should help spread DeFi - make yourself and your product an authority on the subject - and prepare material easy to digest and understand.
First of all, you should know your customer. Why paid, what benefit/outcome gets from your service.
With this information, you should be able 'lower the barrier of entry' for other users.
Congratulations, would you mind sharing how many free users you had before you decided to make this transition?
Congrats on your fist paying customer! Good luck.