Canva's price hike got you seeing red? Time to sketch out a new plan.
Why it matters:
Small business owners rely on affordable design tools to create marketing materials. With Canva's upcoming price surge, finding cost-effective alternatives is crucial for maintaining professional branding without breaking the bank.
The big picture:
Canva's CEO Melanie Perkins justifies the price increase, stating, "Our suite of products has grown significantly in the last couple of years with the launch of new offerings like the Visual Suite and Magic Studio." But for budget-conscious entrepreneurs, it's time to explore other palettes.
By the numbers:
- Canva Teams subscription skyrocketed from $120 to $500 per year
- 170 million monthly Canva users as of January 2023
- Canva's valuation: a cool $26 billion
Overheard at the water cooler:
"Dude, did you hear about Canva? My wallet's crying harder than when I discovered skinny jeans aren't cool anymore."
The plot twist:
While Canva's raising prices faster than a helium balloon, free alternatives are stepping up their game. Microsoft Designer is serving AI tools on a silver platter, no charge. It's like finding a Picasso at a garage sale.
