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Freemium Growth Hacks: Balancing Free and Paid for Maximum Profit The freemium business model has become a powerful strategy for businesses looking to attract a large user base while converting free users into paying customers. By offering a free version of a product with the option to upgrade to premium features, businesses can effectively drive user acquisition, engagement, and long-term revenue. However, the key to success lies in balancing free and paid offerings to maximize profitability while ensuring sustainable growth.