Secure Working Environment: There is a two-factor authentication method for accounts. It keeps track of all work and makes it very easy to go back and find past conversations. Trackable History: Slack doesn’t delete old conversations.

They are easily organized in the user-friendly interface. You can create as many channels as you want. Organized Conversations: The possibilities here are endless. It does this by following 7 key features. The main goal of Slack is to make complete collaboration easy and accessible - Organize, Track, Real-Time Communication. Being publically traded has certainly helped the company, but the main source of revenue continues to be from that growing paid user base. Before that, Slack raised a whopping $1.4 billion through 10 rounds of funding from some top firms. This graphic illustrates the growth of Slack’s paid user base over the past three years: That’s not a small amount.Īnd because people are really seeing the value of Slack and what it can add to the efficiency of an organization, getting paid subscriptions is getting easier and easier for them.īy using a “freemium business model,” Slack develops a consistent customer base with a great free product, and then once that user base understands the app enough to potentially feel limited by it, gets them to switch to the paid versions, which offer a wider range of capabilities. With more than 100,000 paid subscribers, the subscription money they get makes up around 40% of their annual revenue. It is through paid subscriptions that Slack generates the majority of its revenue.

First off, they have paid subscription plans. It has become a sort of a natural successor to email, as Slack offers daily active users a much quicker interaction. It is a SaaS instant messaging tool that is customizable to fit the specifications of your team’s internal communication needs. The Slack app is the glue that holds companies and groups together. Slack’s strategy is to hook users on their free version until they realize they need to upgrade to meet their team’s growing needs. Slack has four subscription levels that cost up to $15 per person per month - more if you choose the Enterprise subscription. Slack makes money through paid subscribers and investors. In this article, you’ll learn more about how Slack works, how it makes money, and how to decide if Slack is a good choice for your team or organization. Slack offers a free plan, so many people may be wondering, “How does Slack make money?” Slack is a messaging platform that is part email and part text/IM, and it has been adopted by hundreds of thousands of businesses and teams.

Slack enterprise cost