Editor note — replace or delete before launch. This page describes the shape of the problem in this sector. It does not claim experience in it. Delete this page if you have not worked in this industry, or replace this note with real context and link a case study.
SaaS marketing optimised on sign-ups tends to produce plenty of sign-ups and very little revenue. The trials that convert usually behave differently from the ones that do not, well before anyone reaches a paywall.
So the useful work is measuring activation rather than registration, and building onboarding that gets a new account to a first meaningful outcome quickly.