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Our No-Code Apps Made $50M Using THIS Paywall

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0:00

Today we're sitting down with Vah

0:01

Bagdasarian, a man who has run over

0:03

10,000 payw wall experiments and helped

0:05

apps add over $50 million in revenue.

0:08

He's been behind the scenes on dozens of

0:09

apps including Calai, Quitter, and

0:12

Claim. And he knows all the common

0:14

mistakes founders usually make with payw

0:15

walls. But the biggest mistake that

0:17

keeps most apps revenue stuck comes from

0:19

a common but surprising oversight. You

0:21

see, his superpower is to look at an app

0:23

that seems healthy and then tell you

0:25

exactly how much money they're leaving

0:27

on the table. There are many examples of

0:29

apps that are operating with like 811%

0:32

trust star rate and they're healthy but

0:35

then they're missing out a lot of stuff

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that 81% easy in like 90% cases if you

0:41

have 81%

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it can easily become like a that number

0:45

he was about to say is the difference

0:46

between a good app and a great one. Vi's

0:48

entire business is built on the idea

0:50

that you can increase your revenue by

0:52

$100,000 in a few months without

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spending a single extra dollar on user

0:56

acquisition. He's challenging what most

0:58

people know about building a profitable

1:00

app. At the end of the day, your goal

1:01

shouldn't be just to get more users. We

1:04

all love viral growth hacks, but you

1:06

also need to fix the leaks [music] in

1:07

your existing system. And he has some

1:09

examples that kind of surprised me. We

1:11

started to work together in April. They

1:14

had like a 1.1%

1:17

install to paid rate. So basically from

1:19

April to September, we got it from 1.1%

1:22

to close to [music] 4%. In this episode,

1:23

Vah breaks down his entire playbook for

1:26

turning a leaky payw wall into a

1:28

predictable revenue machine. We go deep

1:30

into the mechanics of multi-step payw

1:32

walls, highest leverage placements, and

1:34

advanced tactics that can squeeze max

1:36

[music] value from the app that you've

1:37

already built. And he reveals the exact

1:39

psychological tricks he uses to maximize

1:42

conversions on a single screen. To

1:43

maximize the impact of your transaction

1:45

abandonment payable, offer a free trial,

1:48

but let users to decide if they want to

1:50

buy without free trial or without a free

1:52

trial. [music]

1:53

If they buy with a free trial, make the

1:55

price more expensive. If they buy

1:57

without a trial, make it a bit cheaper.

2:00

For example, if they were to buy with a

2:01

trial, make the discount offer like 80%,

2:04

and if they were to buy without a trial,

2:06

make the offer 90%. If you're an app

2:08

founder Focus on Growth, this is the

2:10

episode that will change how you think

2:11

about monetization forever. This is the

2:13

Superall podcast and I'm Joseph Choy,

2:15

founder of Consumer Club. The members in

2:17

the Consumer Club Discord and the

2:18

founders I interview on the pod build

2:20

apps at a median of about a million

2:22

dollars ARR. In my conversations with

2:24

dozens of these founders every week, one

2:26

thing I've noticed is most of them AB

2:28

test their pay walls to increase their

2:30

conversion rates and make more money.

2:31

Now, most people know that one of the

2:32

best ways to AB test payw walls is

2:34

Superwall. But one thing you might not

2:36

know is Superwwell has a lot of data on

2:39

the thousands of apps that use their

2:40

payw walls. So recently they actually

2:42

put together a tool that takes 422

2:45

profitable paywall experiments and put

2:47

those into a paywall experiment

2:49

generator where you can upload a

2:50

screenshot of your own payw wall and

2:52

it'll give you an experiment idea to

2:54

increase your revenue. You can use it

2:55

for free at paywallexperiments.com.

2:58

All right, let's get into the pod.

2:59

People are interested in growth

3:00

strategies on this channel and we talk

3:03

about a lot of growth hacks and viral

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Tik Toks and stuff, but behind a lot of

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these viral Tik Toks is the payw wall.

3:11

And like a lot of, you know, big app

3:13

founders have said that 80% of the

3:16

effort that you put into building your

3:18

app should go to onboarding and payw

3:20

wall because that's where the revenue

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actually comes from.

3:22

>> And you've designed the pay walls for a

3:24

lot of these big apps. Can you zoom out

3:26

and kind of show us at a high level

3:28

before we go into each one what are some

3:29

of the apps that you've designed payw

3:31

walls for? We work with a very big apps

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and companies like resume kaii claim

3:37

revival twitter and many many more. And

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for today, I just decided to

3:45

take some of the best practices and the

3:47

best pay walls we ever created for some

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of these apps and then show you and

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explain why these pay walls are the best

3:55

converting payw walls and what was the

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thought process and the strategy behind

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all of these pay walls that we designed

4:01

for this app.

4:02

>> I'm curious, what's one thing most app

4:04

founders today you're seeing are getting

4:06

wrong with their payw walls? Well, I

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think the biggest thing that I'm

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noticing is that kind of u take one

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concept they see their competitors are

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using, not even competitors, but other

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apps are using and they copy the pay

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wall and it doesn't work for them or it

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works for a certain to the certain point

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and then they don't try to improve it.

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Like I speak with a lot of founders like

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oh my friend has this pay wall it

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crashes it. We copy the payroll that

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their friend have test it and it fails

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like happens like many many times every

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week. What's a good benchmark these days

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for good payw wall conversion rates? And

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I know there's a few different types of

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conversion rates that are kind of in the

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payw wall space.

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>> I think it really depends on the

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industry, etc., etc., but like if we

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talk about trial star rate, I think

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everything above 15% is good. If you

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have below 15% trial star rate, you have

4:59

a lot of work to do. Trial to paid

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conversion rate, everything above like a

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30% is good. If it's below 30% again you

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have a lot of work to do. That being

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said there are many examples of apps

5:11

they're operating with like 81% trust

5:14

rate with and they're healthy but then

5:16

they're missing out a lot of stuff that

5:19

8 11% easy in like 90% cases if you have

5:23

81%

5:24

it can easily become like a 15%.

5:27

>> Those two metrics are both for free

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trials model. So do you also have any uh

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benchmarks for nontrial

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>> apps?

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>> Ideally if you have a lot of users

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coming from the US if you have like a

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10% and above installed to paid rate

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that's really good. If you have anything

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less than 4% that's not good. There is a

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lot of work we can do. Like between like

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four to 10% it's kind of you are not

5:55

terrible but you're not great right? you

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know and if it's like less than 4% then

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you got to you have problem most

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probably we got to work to improve that

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>> you've seen a lot of apps increase

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revenue 100k in 3 months without getting

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any new users like just payw wall

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experiments which a lot of people is

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counterintuitive like most people think

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about growth as I need to do better ads

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or I need to do more organic Tik Toks go

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viral but if you just fix the conversion

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rate on your payw walls then that's also

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revenue growth. So

6:29

>> yeah,

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>> um curious like what's the best before

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and after you've seen in terms of uh

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fixing up pay walls and increasing

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revenue?

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>> We work with this app. It's an enter in

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entertainment category. They have steady

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not steady but like the very stable user

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growth. They're adding like couple

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probably like a 40 50,000 installs per

6:51

month. That's like organically. That's

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the kind of the average. We started to

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work together in April. They had like a

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1.1%

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install to paid rate. We got it up to 4%

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in September. So basically from April to

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September, we got it from 1.1% to close

7:11

to 4%. And they didn't get new users

7:14

coming. They didn't invest any paid way.

7:15

They were they were having the same kind

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