Myhours offers a free individual time reporting system. However, it charges for additional users and services. This is an example of which of the following revenue models:___________.
Physics · High School · Thu Feb 04 2021
Answered on
he revenue model that MyHours is using, as described, is an example of a "freemium" model. This model provides a basic version of the service for free, while charging for additional users and advanced features or services. In a freemium model, the basic free service is intended to attract users to the platform and once they become accustomed to using it and require more from the service, they may be willing to pay for the premium features that add more value or convenience to the user experience.