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What is Freemium?

Freemium is a combination of “free” and “premium”. It is a type of business model that many companies follow by offering basic or limited features for free and charging a premium for advanced features.
Basically, free features help them attract consumers and advanced features help them with monetization. It is a fast way to boost your revenue by attracting customers in bulk. Several SAAS and software companies are adopting this model to gain traction.

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