Subscription Business: Anywhere and Everywhere

  • 9th Jan'21
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Every business should be in a way that it provides both the outcome to the entrepreneurs and the satisfaction to the customers. Thus, the subscription business turns out to be efficient enough to offer both the benefits. 

Services like this are not new to us. Newspapers and magazines were household norms for a century. But as digital technology is expanding, the use of a subscription model is getting popular, and somewhat they are beneficial for the tech-savvy generation. Sone of the popular subscription business models is Netflix and Blue Apron.

 

Subscription Business Model

It is a business model in which customers have to pay a recurring price at regular intervals for access to a product. It was first pioneered by the publishers of books and periodicals in the 17th century, but now as the digitalization is expanding this model is again becoming the first choice for all entrepreneurs.

To get complete insights about the subscription business model, read the link given below:

Subscription Business Model

The benefit of subscription business models is the recurring revenue, which also helps create strong customer relationships. Read more.

There are some ways of building a successful subscription business. To know how to build a subscription Model, visit and read more.

Types of subscription business model

Here are four examples of early roll outs of the subscription business model and what makes them unique. Read more.

Examples of subscription Business Model

Over the decades, major industries have begun to adopt subscription business models. Such models offer indeed source of revenue that business leaders can count on for strategic planning and investment purposes. Read more.

 

Subscription Business Ideas

Whether one has started a business or thinking to start one, adapting business can help in a lot of ways to achieve consistent, month-to-month revenue.

A subscription box simply allows the customers to sit back and wait for its arrival, for that they can just schedule their regular time of service and do not have to worry about their next payment date.

Visit the links below to understand how to build up an idea to start subscription business:

Subscription Ideas

Here you get numerous number of subscription businesses ideas you could start right now or add to your existing offerings. Read more.

Money-Making Subscription Services:

Subscription business models are on boom and here we get listed with few areas where the subscription business model has excelled. Read more.

Online Subscription Business Ideas

Starting a business online, even with little money, is not only a possibility, it's a stark reality. Read more.

New Ideas For Subscription Business

The subscription business model has been around for centuries. Everyday new business ideas in the world of subscription business. Read more.

 

Subscription Business

 

Subscription and Membership: Difference

Nowadays, both subscription and membership type of businesses are benefitting the entrepreneurs.

As this is the most accepted way right now. 

There is some basic difference between subscription and memberships. Such as, a subscription is a pricing decision. It is basically, how you choose to get paid for the value you provide. Whereas, membership is about how the organization thinks about serving the long-term needs of the customers. Subscription is straightforward, transactional exchange value. While in membership, money is the common mode of support, members can also contribute to this.

For more difference read the links below:

Membership versus subscription models

Here we discuss, what is the key difference between membership and subscription model, read more.

Subscriptions vs. Memberships

Our initial takeaway is that membership can be an important addition, let just explore which one wins: subscription or membership? Read more.

 

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About the author: Sareen Yasmin

Her passion includes creative writing, reading and playing around words. She is looking forward to bringing some change with the power of pen and thoughts. Mic and pen are her best friends.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Kumar Amritanshu (Editor), OpenGrowth Content Team

Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.


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