Source: https://www.youtube.com/watch?v=aPug2RqXV-A
Channel: Steven Cravotta (steven.builds)
If you’ve clicked on this video, it’s
probably because you’ve got an app idea
or maybe you even have an app up and
running, but you’re simply not seeing
the revenue numbers that you would like.
Maybe you’re struggling to make your
paywall actually convert, and trust me,
I’ve been there, too. But after testing
hundreds of different variations [music]
of paywalls, I’ve cracked the code into
building paywalls that don’t just show
up. They convert users into paying
customers consistently. In today’s
video, I’m going to walk you through my
exact [music] framework for building
paywalls that drive revenue. These are
the exact strategies that allowed me to
scale my mobile app to 40,000inmonthlyrecurringrevenue.Andthebestpartis,they′reeasytoimplementwithnocodingexperiencerequired.JusttoshowyouhowimportantABtestingandoptimizing[music]youronboardingpaywallare,hereistheinitialconversionrate,akaconversionratefrominstall[music]totrialorsubscription.Hereisthatconversionrateoverthe5monthsthatweABtestedthepaywallsandonboarding.Westartedat[music]8.5initialconversionrate.Thatistrash.Andwewentallthewayuptoclosetoa25initialconversionrate.WebecamethreetimesmoreprofitablejustbyimplementingthethingsI′m[music]goingtoshowyouinthisvideo.So,besuretowatchuntiltheendofitbecauseI′mgoingtobedroppingsomuchknowledgeinthisvideo.I′veabsolutelynothingtosellyou.I′mjustgoingtoshowyouexactlyhowIbuildapppaywallsthatprintcash.Okay,boom.Hereweare.Thisblueprintwillbeinthedescriptionifyouwanttofollowthrough,butIhavebrokenthisdownintoasimplefive−stepprocessthatabsolutelyanyonecanfollow.Ifyoufollowthesefivesteps,yourpaywallwillconvertmoreinstallstofreetrials,moreinstallstosubscriptions.Eachoneofthesepointsisissupersuperimportant.So,let′skickthingsoffwithmarketresearch.Thereisonewebsitethatisanabsolutecheatcodeintermsoflookingatotherapps′paywalls,andthatispaywallscreens.com.So,youcangohereonapaywallscreens.com,andyoucanliterallyseeallofthetop−performingapps′paywalls,andtheywilltellyouhowmucheachoneoftheseappsismaking.So,forexample,wehaveYouTube′spaywall,TikTok′spaywall.Thesearen′treallyveryusefultous,buttheyalsobreakitdownintocategories,soyoucangotoutilityapps,right?Youcanalsosearch,soyoucanfindtheappsinyourniche.So,let′sgotohealthandfitness,forexample,andboom.Youcanseethepaywallsoftheseappsmaking10
million, 8million,6 million every
single month.
You literally have insight into what the
top apps are doing, right? So,
definitely check out this website, go
search up your niche, and learn what the
other top-performing apps are doing. A
lot of these will have simpler
similar-style paywalls. For example,
these two are making 2millionamontheach,andtheyhaveaverysimilarstyle,right?Theyofferthreedifferentplansonyourpaywalls.So,gotopaywallscreens.comanddoalittlebitofmarketresearchandlearnsomethingfromthepeoplewhodoitbest.Andasalways,wehaveSensorToweraswell.SensorTowerisaplacewhereyoucanalsoseehowmuchtheseappsaremakingeverysinglemonth.Forexample,let′scheckoutthisMuscleBoosterapp.WelltechAppsLimitedisthename,sowecantypethatinrighthere.Boom.AndwecanseethatindeedtheirMuscleBoosterappismakingaboutamilliondollarsamonth.SensorTowersays800,000,PaywallScreensaysamilliondollarsamonth,butthispaywallabsolutelycrushes.So,takethisknowledge,dosomemarketresearch,anduseitinyourownpaywall.Okay,nowthatwe′vedonethemarketresearchandweunderstandwhatpaywallsinournichearedoingverywellbecausewelookedatPaywallScreenandSensorTower,wecanstarttodesignthepaywalls.AndthewayIgetthisdone,andifyou′reifyou′vebeenonthechannelforaminute,youknowwhatI′mgoingtosay,is99designs,right?So,howIgotmypaywallbuiltwasa99designscontest.ThiswasthewinningpaywallfromaguythatIknowverywell,namedZach,theabsolutebestdesignerintheworld.So,thisisthepaywallthathebuiltforme,andheactuallyhadacoupledifferentoptionshere,butthispaywallabsolutelycrushes.Andagain,IdidthemarketresearchonSensorTowerandonPaywallScreen,soIknewwhatwasgoingtoworkwellformyapp.I′llbreakdownkindofexactlywhatmybriefon99designslookedlike.Yeah,soherewego.Inintheinspirationalwebsites,Iliterallyputpaywallscreens.com,andIreferencedthehealthandfitnessniche,whichisaninvalidinputnow,butIliterallyreferencedthesepaywallsinmy99designscontesttokindofgivethemalittlebitofdirectiononwhatIneeded.AndthenIexplainedmyappalittlebit,andranthecontest.So,ifyouwanttobuildoneofthese99designcontestsforyourself,it′sverystraightforward.Wegotowebandappdesign,appdesign,wewillrunacontestforasinglescreen.Boom.So,ifyoustartanappcontestforasinglescreen,itwillcostyou600, which is a little bit pricey, but
I promise you it is worth it because
in a 99 designs contest, you will get so
many different designs. Uh for example,
in my contest, I got over 91 different
designs from different designers, right?
Um and I was able to pick the best one,
which as you saw was this one, but I was
able to get 99 different designs built
all for the price of 600,whichisworthitinmyopinionbecausethepaywallisveryimportanttothesuccessofyourapp.Also,SuperwallisawebsitethatI′llbereferencingalotinthisvideo.Superwallisaplacewhereyoucanquicklybuildandtestpaywallswithoutshippingupdates.Andwhatthatmeansisyoucanremotelychangeyourpaywallwithoutshippinganappupdate.Itissomuchquicker,anditwillgiveyouallthetoolstoABtestyourdifferentpaywalls.So,asyoucanseehere,IhadABtestedcloseto100differentpaywallsformyapp.AndSuperwallisanabsolutelycrucialtooltousebecauseyoucanrundifferentexperimentsonyourpaywallswithinyourapp,right?Andyoucanincreasetheconversionrateovertime.So,youyoucanseeherethatI′verunallsortsofdifferentexperimentshere,whichwewillgetintoshortly.So,kindofsomedesignbestpracticesthatyouneedtokeepinmindisclarityisveryimportant,clarityovercomplexity.Onthepaywallscreen,youdon′twanttooverloadtheuser′smind.Makeitverysweetandsimple.Forexample,onthePuffCountpaywall,Ikeepitverystraightandforward.Trackhowmuchyousmoke.Ortrackhowmanypuffsyoutake,trackyourusage.Verystraightforward,veryeasytounderstand.Whatisthatoneheadline?Whatistheonebenefitthatpeoplewillgetfromusingyourapp?Thewholegoalhereindesigningyourpaywallistogetausertoconvertasquickaspossible.Youwanttohighlightthevalueproposition.Forexample,mineistrackhowmuchyousmoke,andthenyoualsowantsocialproofandtrustindicatorshere.Forexample,wehavesomefive−starreviewsfromourusersonthepaywallitself.Andnext,wewillgetintopositioningyourpaywall.Whenshouldyoushowyourpaywall?Whatisthebesttimetoshowyourpaywall?Andhowcanyouprimetheuserbeforehittingyourpaywalltoconvertalittlebitbetter,right?Andsomethingthatisveryimportanttokeepinmindwhenyouarebuildingyourpaywallandthinkingaboutyourappfromamoregeneralhighlevelistheconversionstartsfromtheverybeginning.Theconversionstartsfromtheadorthepieceofcontentthattheusersawbeforetheydownloadedyourapp.So,howgoodyouradsoryourcontentiswillkindofinfluencehowyourpaywallconverts,right?Withabetterpieceofcontent,withabetterpaidad,yourpaywallwillconvertbetter,right?Also,withanonboardingabetteronboardingexperienceinyourappwillalsomakeyourpaywallconvertbetter.Timingisabsolutelyeverythingaswellbecauseyouwantuserstospendalittlebitoftimeinyourappbeforetheyactuallyhityourpaywall.Ifsomeonedownloadsyourapp,andthenimmediatelythey′remetwithapaywallscreen,andthey′retheyhavetheyhavetochoosebetweenpayingandnotpaying,they′renotgoingtopay.They′regoingtopayatamuchlowerratethantheywouldiftheyalreadyspenttimeinyourapp.So,theonboardingisabsolutelycrucial.Here′sexactlywhatImeanbytheonboardingandprimingyouruserforthepaywall.Forexample,thisisJustFitsonboarding.IfwegohereandwesearchfortheJustFitapp,thisappismaking2 million
every single month. And here is their
entire onboarding. They walk you
through, you know, what your goal is.
They They ask you to fill out some body
data. They ask you to input information
about yourself, and then boom, they have
social proof at the end, and only after
all of that do they give you the
paywall? That’s absurd. Timing is
absolutely crucial, and the onboarding
is absolutely crucial when it comes to
the success of your paywall. You want
users to spend time in your app. You
want to walk the users through their own
problem on your onboarding, so that when
they do hit the paywall, they’ve spent
5, 10 minutes in your app. There’s like
that sunk cost bias. They’ve been walked
through their their own problem, and
they’re ready to convert once they hit
your paywall. What this app also does
very well is there’s this feeling of
customization, right? As you’re walking
through this onboarding, you’re building
your own custom fitness plan. That adds
a layer of customization to the app. It
makes you feel like it’s yours, right?
As a user. And again, you know, we have
another one here. This is Fit at Home.
Let’s type that one in. Fitness at Home.
Boom. See, all these apps are making
100,000amonth.Absolutelycrazy.Andthenwehave30DayFitnessatHome,thisappaswell.Thisappismaking100,000 a month, right? apps are
absolutely crushing it. This is research
that I did when building my apps’
paywall and onboarding, right? You need
to keep this in mind and look at your
apps’ paywall from a higher level,
right? Right? Because there’s other
things affecting it, like the ads and
the onboarding and the timing, right?
You want to prime the user to be ready
to convert when they hit the paywall.
All right, now we’re getting into the
good stuff, so be sure to continue to
stick around because this is the most
important part of a paywall, and it is
AB testing your paywall. And this is why
Superwall is such an amazing tool for
app developers because AB testing every
single little element in your paywall is
the most important part. If you change
the text of a button or you change the
text of the headline, right? You will be
shocked at how much this will increase
your conversion rate. For example, on
Puff Count, I got a tip from a friend to
change some wording on the the pay
button on my paywall and increase my
conversion rate by 7% overnight. So,
this is absolutely important and
Superwall is what you need to use to be
AB testing everything in your paywall.
So, I’m going to get into how to do that
right now and what to be AB testing on
your paywall. Real quick, if you’re
enjoying the video, I’m hosting a free
live class where I’ll be covering
absolutely everything about scaling a
successful mobile app. From idea
validation to building the app to
scaling to real recurring revenue and
eventually being able to sell or exit
your app business. I will be covering
absolutely everything in this free live
class and by the way, spots are limited.
So, check out the link in the
description if you want to join. I
promise you’ll walk away with value.
Okay, back to the video. Okay, so AB
testing your paywall. This is where This
is one of the rare moments where school
paid off because I know we all remember
learning about the scientific method in
school. You need to apply the scientific
method to your paywalls. You can’t
change a million things and
you know, you can’t change a million
things at once and expect to know what
change affected the paywall’s conversion
rate if that makes sense. So, you can
only change one thing at a time. So,
breaking this down a little bit further,
the most important thing that you want
to test for at first is the pricing. And
when you are pricing your mobile app,
you always want to go higher than you
think. It feels weird to charge a lot
for your mobile app, I know that. Like
if you it just feels weird to do so, but
always charging more will increase your
revenue. I promise you that. Just trust
me there. So, you always want to test
your pricing. For example,
what you should do to test your pricing
is test out weekly, monthly, yearly, and
lifetime kind of options, right? You
want to figure out which one of those is
going to make you the most cash. So,
what you can do at first is you can give
the users a couple different options.
This is what I did at first, right? I
gave them a weekly, monthly, yearly,
whatever whatever I I gave them, right?
And I figured out which one gave me the
highest customer LTV. That is what you
want to optimize for. You want to
optimize for the highest LTV or lifetime
value each one of your customers. And
it’s going to be different from every
for every different app. It depends on
kind of how users operate in your app
and you know, how useful they see your
app is and you know, whether they renew,
right? It’s going to be different for
everyone. So, you can’t look at someone
else’s app and just assume that that’s
what’s going to work for you. You have
to AB test absolutely everything. So,
use Superwall. They will actually give
you a Bayesian analysis of you know,
which kind of paywall converts the best
and they will tell you which pricing
will give you the highest LTV, right?
So, you want to optimize for the for the
pricing and then what you also want to
do is optimize the header wording. This
right here, whatever you have on the top
of your paywall, this will also
definitely kind of alter the conversion
rate of your paywall as well. For
example, this Just Fit app that is
making $2 million a month, they say get
your personalized plan. They have nice
images here, you know, these these
images in this this header wording, you
know, that will definitely increase your
conversion rate as well. And you want to
test different things. You don’t want to
just test the same things like I would
test quit for real this time and track
how much you smoke and a lot of other
different different things, right? You
want to test vastly different headers to
kind of get yourself closer to the most
optimized header wording possible. And
then finally, you want to optimize the
button text. For example, this one says
continue and you want to you want to
test out the different button text
versions as well. You want to run these
different campaigns and it will tell you
which paywall is converting the highest.
So, once you’ve run kind of the
scientific method and you’ve AB tested
absolutely everything in your paywall,
header, images, you know, social proof,
the button text, the the pricing itself,
once you have optimized absolutely
everything for conversions and the
highest LTV on your paywall, you also
want to optimize the onboarding. And
keep in mind, I dropped an amazing
onboarding video a couple months ago
that will show you exactly how to build
a killer app onboarding and AB test your
onboarding, but this is also very
important for your paywall. It will
affect whether your paywall converts or
not. So, with the onboarding, you want
to get users to spend more time in the
app so that that when they do hit your
paywall, they’ve already spent time and
they feel more committed to your app so
they’ll be more likely to pay. And you
want to optimize the app onboarding for
the number of people who convert your
paywall. And then also, on the paid ad
side of things, if you change your paid
ads, if your paid ads are bad, your
paywall will convert less. If your paid
ads are better, your paywall will
convert better, right? So, you want to
optimize that for paywall conversions as
well. You can set up events in your paid
ads and you want to say, “Hey, I want to
optimize for people who are actually
getting convert into a free trial.”
That’s what I did to scale my apps.
Finally, drip funnels. This is a bit
more complex on the development side of
things, but what you can do is offer a
drip funnel campaign. And what that
means is if the people don’t convert on
your paywall, for example, on you know,
our paywalls, we have the conversion
rate was anywhere from like 20 to like
30%, right? For that 70% of people who
don’t convert, that is lost value. And
what you can do to make up and capture
some of that lost value is you can offer
a drip funnel campaign. And what this
means is if a user doesn’t convert or
they abandon their paywall, you send
them a push notification that says,
“Hey, get 30, 50, 70% off of my app,
right?” And then if they click on that,
you offer them a discounted paywall.
This is an absolute cheat code because
those 70% of users, you’re going to lose
them anyway, so you might as well offer
them a large discount to try to capture
some of that value. That will make your
app more profitable. It will allow you
to run more paid ads and scale a little
bit further. Boom! You are now a paywall
expert. We went through all five steps
of optimizing your paywall. If you
stayed until the end of the video, you
probably enjoyed it. I would definitely
appreciate a like. And if you want to
see more of me dropping value for
absolutely free, please consider
subscribing. It would mean the absolute
world to me. Hope you enjoy. Please
actually put this into practice. Don’t
just watch this video and and you know,
not take action on this. Please try
everything that I mentioned in this
video and I promise it will increase
your conversion rate. If you have any
questions or you want to ask me
something, be sure to hit me up on
Instagram. I am super active there. I
will always get back to you in the DMs.
Hope you enjoyed the video and peace.