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▸ Subscription Model for your Business
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what is the subscription model? â–¸
Put simply, a subscription model is a way of offering a subscription to consumers before they can access products or services.
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Consumers are expected to subscribe, which is to pay a recurring price at regular intervals whether monthly or yearly for products or services. 2
The customization trend Consumers want personalized experiences and a business that meets their needs. If this isn’t happening, your competitors are simply at their fingertips. Netflix for, instance offers a personalized experience as it adapts to members’ interests, tastes, and preferences. 3
..The customization trend Moreover, Subscription isn’t about getting to meet a client need and moving on to the next one. You get to form bonds and relationships with your consumers through consistent communication.
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The new millennial love the convenience Moreover, Subscription isn’t about getting to meet a client need and moving on to the next one. You get to form bonds and relationships with your consumers through consistent communication.
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Appeal of recurring revenue The magic of recurring revenue is one of the top benefits of the subscription model.
it allows your business to plan for different types of services, deliverables coupled with the predictable, continuous, and consistent revenue stream.
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