Get going with our brilliant idea
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💡 You have a brilliant idea. [your brilliant idea] on subscription!
You just need a website, a payment solution and a subscription engine, and you're ready to:
Everything related to Upodi and the Subscription Economy
❓ Do you know this?
💡 You have a brilliant idea. [your brilliant idea] on subscription!
You just need a website, a payment solution and a subscription engine, and you're ready to:
At first glance, the subscription business seems simple. Customer chooses a plan, gives you their payment details and you charge them once a month. But how would this work under the hood?
A story from real life.
We have success – we internationalize!
But can we do that?
… That sounds boring.
Nevertheless, this is the reality in many companies - it takes an incredibly long time, it is manual (read: high risk of error) AND lack of proration means that you potentially lose revenue (read more about proration here).
Wouldn’t it be nice if you could have a glimpse into the future?
For example, wouldn’t it be nice if you could foresee missing payments before they were missing?
When we talk subscribers, many people think of mobile and the internet - and maybe Netflix, Spotify and fitness?
Classic subscription schemes where we pay and fast bend once a month, and then a form for goods or services is delivered.
Proration, is the term that covers: When someone signs up for your service, up-/downgrades on a “crooked” day of the cycle.
Imagine the following:
You have a good subscription business. Everyone is happy.
Using a subscription model is a fantastic way to help you compound the value of your customer relationships. Rather than working hard to get customers multiple times if you want them to make repeat purchases, a subscription model allows you to acquire the customer once.
How easy is it for your customers to press hold on their subscription?
Recently, Tien Tzou whi is CEO and founder of American/Chinese Zuora has an exciting update.
You might have a newly started business or you are planning to transform your existing business to operate on subscriptions in the near future. Amazing — this is the way the market and economy is moving.