Magnify.net has experienced tremendous growth over the past year, increasing its customer base by 270 percent in 2009. Now it’s looking to cash in on that growth, as it is taking steps to move the users of its free offering to a low-cost pro version of the service.
Magnify, which offers a platform for video distribution and curation, believes that now is the time for it to ramp up its business as a paid offering. To do so, it will upgrade all non-paying users to a “Pro” version of its service for 30 days for free. If they plan to continue with the Pro version, they can sign up for just $24.95 per month. But here’s the catch: if they choose not to upgrade at the end of those 30 days, Magnify will wind down the account.
In addition to nudging its free users to adopt a paid service, the Magnify will also be raising its paid rates by about 12 percent. Existing customers that are under contract for Pro or Enterprise services need not worry; the prices that they are paying will stay the same until the end of their contract term.
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