One-night stands or relationships?
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Hey Jakob?
❓ Why should you consider a subscription business instead of a traditional transaction business ❓
Everything related to Upodi and the Subscription Economy
📣 📣 📣
Hey Jakob?
❓ Why should you consider a subscription business instead of a traditional transaction business ❓
YOU ARE SLOWLY COMING to your senses: “What’s going on?”
Your head is buzzing… and you struggle to see things clearly.
Gradually your surroundings emerge before you:
A story from real life – that ended in revenue loss…
Once there were (and still is) a Danish company – more specifically a chain of gyms. Our chain of gyms, let’s call them Fitness X. They were successful.
There was once an entrepreneur who was successful in his home market. Each month, a box of inspirational products was sent out to his subscribers and they got value, inspiration and motivation to try new things.
… 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.
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.