When building an online business website, is it better to have free and paid membership

Bon-bon

New member
or purely paid? I am building an online community website. We have premium features as well as basic features. Is it better to have only premium features and a site that is 100% paid by members OR a site that has free basic features and paid premium features? I feel like people who sign up for free basic features will never upgrade to premium features, but if the site only has premium features... then the likelyhood of people signing up is greater.
 
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