Software Licensing Glossary

A B C D E F I L M N O P R S T U W

Paid Channel

What is a Paid Channel?

A Paid Channel is a marketing channel where money is invested to gain visibility among your target audience. A common paid channel for modern businesses is Google Ads. Website traffic coming in thanks to Google Ads would be classified as paid traffic, coming from the paid channel. Traffic can also come in through the Organic and Earned Channels.

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Pricing Plan

What is a Pricing Plan?

A Pricing Plan is a set of features that is sold at a specific price. Companies offering subscriptions can set up different pricing plans to attract more customers. For example, software products can set up a basic pricing plan that includes the most basic of the software product’s features at a cheaper price. The company can then charge extra for an unlimited pricing plan that unlocks all of the features.

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Product-Market Fit

What is Product-Market Fit?

The Product-Market Fit often describes how well a product fits the needs of the market. For example, a product that is able to supply the market with the features the market needs has a good product-market fit. If the company develops features that the customers do not see any value in, the product-market fit is not improved.

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Software Licensing System Documentation