The Art of the Paid Consumer Model
- 1x (Normal)
Lecture Part 1 (11:19)11:15
Lecture Part II (9:23)9:23
Lecture Part III (7:03)7:08
Optional: Past Q&A Session19:43
About This Class
I've spent four years growing Paperless Post, a paid consumer service online that has delivered about 70M online invitations to about about 30M unique recipients since it launched in April 2009 - all with no ads. Along the way, I've learned what I believe to be a number of valuable insights worth sharing.
This is an online class perfect for anyone interesting in learning about monetizing products for consumers. You'll leave this class with an understanding of where to start to figure out the right business model and cost structure for a product you've created or want to create. If you have an early stage startup, an idea for one, or are just curious about the topic, you're an ideal candidate to enroll!
In this class, I'll cover topics including the following:
- How to price according to what matters to your customers, rather than cost-based pricing
- Determing a model that is internally logical to your customers
- The difference between why people use your product vs. why they pay for it
This class is project-based:
You can't decide on a pricing model until you've tested it with your potential customers. If they like your model, they'll buy it if they don't they won't.
Because of the variety of different offerings you may be considering, I will not prescribe how you should test this - in order to do that you'll need to present it to your potential customers either in a survey, in person, or at the register itself. This simple project is constructed to help you put together the basis of testing. Ideas in a lab are useless. When it comes to consumers, you'll be shocked and amazed by what you find in the wild.
Using something as simple as a text editor and bullet points, or as fancy as photoshop if you are talented like that, write down your 3 best pitches, in clear simple language (and/or with a visually compelling presentation) to a consumer for what, why and how they'll need to pay you if they use your offering.
This is an online class. I'll share a lecture on the topics above and curate some helpful resources to give you a better understanding of the concepts.
Class Projects 1 See All
25 of 30 students recommendSee All
I really enjoyed listening to your talk and you made a few points that really resonated with me.
Head Honcho at Leaves of Trees
I really enjoyed "The Art of the Paid Consumer Model" and the information Alexa shared. She was very willing to share what she learned from experience as well as sources for us to refer to ourselves. I learned a lot in this short class.
I'm the co-founder of Paperless Post, a startup that has delivered about 70M online invitations to about about 30M unique recipients since it launched in April 2009. Out business model is based on a virtual currency around customization and volume.
Paperless Post's first expansion was beyond invitations to holiday cards and other kinds of stationery, then to logo-branded invitations. Most recently, in October 2012, Paperless Post launched the ability for users to also order hard copies of their online design. The line is called PAPER by Paperless Post.
Paperless Post has revolutionized both the style and substance of its category. It has introduced design as a core value of the medium, removed ads, and changed the way people look at the vertical. The company has raised at total of $12.3M in angel and venture financing, over half of which was in May 2012.
I've been recognized as one of CNN Money’s Most Powerful Women Entrepreneurs and Fast Company’s Most Influential Women in Technology in both 2010 and 2011. I was named a New York Venture Fellow in 2012 by the New York City Economic Development Corporation. I received a B.A. in Classics from Harvard College in 2006.