The Art of Making Money

The free webinar that costs you money, and when to charge instead

Free fills the room with people who were never going to buy. Here is how to decide when to put a price on the door, and what that does to who turns up.

The store.fan teamAugust 23, 20269 min read
The free webinar that costs you money, and when to charge instead

You spent a fortnight on the slides. The registration list grew every day, which felt like proof. Then on the night the room was half the size of the list, the chat was quiet, and the offer at the end landed on people who had come for the free hour and were always going to leave when it finished. You did the work of a paid event and got the audience of a free one. The question is not whether free webinars work. It is what free is actually buying you, and whether that is the thing you needed this month.

What free is really buying

Free is a list-building tool wearing the costume of a sales event. That is not a criticism. A free session is the fastest way to get a large number of strangers to raise a hand, and if your genuine goal this quarter is a bigger audience, free does the job better than anything else you can run in ninety minutes.

The cost shows up in two places. The first is attendance: a registration that cost nothing carries no obligation, so a large share of the list will forget, double-book or simply decide on the day that they would rather not. The second is the room itself. Free attracts the curious, and the curious are wonderful people who are not, this week, buying anything. When you pitch at the end you are pitching to a crowd assembled on the promise that nothing would be asked of them.

The genuinely hard part is that you cannot tell the difference in advance. A list of 400 free registrations and a list of 40 paid ones look nothing alike on a dashboard, and the bigger number feels better right up until the moment you count the sales. This is why the decision is worth making deliberately rather than by habit.

The usual free webinar, and a priced seat

Most creators run the free version because the tooling pushed them there: a registration form on one service, an email reminder on another, a payment link bolted on afterwards if the pitch went well. Selling the seat itself is treated as an advanced move. On store.fan it is just a product type, sitting on the same page as everything else you sell, which changes the arithmetic of the decision.

The usual free webinarA priced seat on store.fan
Registration lives on a separate form service, and the list has to be exported to be usefulThe buyer lands in your customer list the moment they register, with their lifetime value attached
Nothing is paid, so nothing is committed, and the drop-off between list and room is yours to absorbPayment clears before the seat exists, which is the cheapest commitment device there is
The pitch at the end has to do all the qualifying work in ten minutesThe price qualified the room before you opened your mouth
You learn attendance, and nothing about which channel produced buyersViews, buyers, revenue and traffic source are recorded per product
A platform fee or a per-ticket cut on top of card processing0% platform fee on every plan, with Stripe's own card fees still applying, paid into your own Stripe account
Free and paid live in different tools, so running both is two setupsA $0 lead magnet and a paid webinar are two products on one page

How to set up both, and let them compete

The most useful thing you can do is stop arguing with yourself and run the two side by side for a month. Ten product types share one storefront on store.fan, so a free download and a paid seat are neighbours rather than rival strategies. Here is the order of operations.

  1. 1Open Products in your dashboard and create the paid webinar. Give it a real title that names the outcome, not the format, and a price you would be content to be paid for ninety minutes of your attention.
  2. 2Add order-form questions to the webinar. Short answer, long answer or multiple choice: ask what they are stuck on. You will open the session already knowing the room.
  3. 3Create a second product priced at $0 covering the same territory in written form, and label it plainly as the free version.
  4. 4Put both on the storefront with the paid seat above the free one, so the free option reads as the fallback rather than the headline.
  5. 5Send the same traffic at the page for a full campaign and let people self-select.
  6. 6After the event, open analytics and compare the two products on buyers, revenue and traffic source rather than on registration count.

A worked example, with illustrative numbers

Take a plausible shape rather than a promise. Say the free session pulls 300 registrations and a third of them appear, so you present to about 100 people, of whom a small fraction buy the $200 follow-up. Now say the paid version at $19 pulls 45 buyers instead. Fewer people, but almost all of them turn up, because they paid on Tuesday and remembered on Thursday. The ticket revenue alone is modest. The difference is in the density of intent in the room.

Run both and the comparison stops being philosophical. If the free route produces more end sales, keep it and treat the no-shows as the cost of the channel. If the paid route produces the same sales from a fifth of the audience, you have just reclaimed a large amount of promotional effort. Either answer is worth having, and neither of them is knowable without the per-product numbers to hand. There is more on how the whole set fits together in the feature overview.

Set up a free lead magnet and a paid seat on the same page, and let the month decide which one earns its place.

Start your storefront

The mistake most people make

The common error is treating the free webinar as a sales event and then feeling betrayed when it behaves like a marketing one. A free session's job is to produce a list of warm contacts. Judge it on that and it usually performs well. The mistake compounds when the list then sits inside a webinar tool nobody owns; on store.fan every registration, purchase and free download builds the same customer list, which you can export in full to CSV on every plan including Free. If you already have a list somewhere else, bringing it across is a CSV import.

Almost certainly, and that is the point. Expect a much shorter list and a much fuller room. The number to watch is not registrations but attendees, and after that, buyers of whatever you offer at the end.

Small enough that nobody has to think about it, large enough that a card has to come out. The act of paying is doing the work, not the amount. Test one low price rather than agonising over the perfect one.

No. A $0 product and a paid webinar are two of the ten product types and can sit on the same page indefinitely. Many creators keep the free one permanently as the entry point and price the live sessions.

Nothing. There is 0% platform fee on Free, Starter and Pro. Stripe's own card processing fees still apply, and the money goes directly into your Stripe account rather than being held by us. The plan comparison is on the pricing page.

There is no rule that says the free one is generous and the paid one is greedy. A price is a piece of information you give people about how seriously to take the invitation. Give it to them and the room changes shape, usually for the better, and usually within one campaign.

Ten product types, 0% platform fee, and a customer list that builds itself from every registration.

See it working
#webinars#lead-magnets#pricing#live-selling#conversion

Turn your knowledge into income

Launch your Store.Fan in minutes — sell digital products, courses, and calls straight from your bio. Free to start.