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A "free" trial is another related concept in which customers are allowed to use a product, free of charge, for a limited time. [ 29 ] When a software monopoly has a strong network effect, it may be more profitable for it to offer a "free" trial. [ 30 ]
In the freemium business model, business tiers start with a "free" tier. Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software.