Insight from 200 software products
- Free-to-paid conversion is still one of the highest-leverage growth moves — but AI has made free users far more expensive to support.
- The median conversion rate across 200 products is 8%, yet conversion varies wildly, with a 10x gap between top and bottom performers.
- Free trial vs. freemium is the wrong debate: credit card trials convert 5x higher, while ungated freemium drives the most adoption.