Subscription Business Model: The New Craze For Entrepreneurs

Learn to know why.

Charging users a certain amount of money per month/year for your services is called a subscription business model.

It has become so popular that microsoft discontinued one time services like office & switch to Office 365.

We can only thank Netflix for massively popularizing it.

It is currently worth 181.08 billion USD. This shows customers are ready to pay if your services are worth the money.

Microsoft reported a revenue of $56.5 Billions, majority of it comes from subscriptions services like: Office, Cloud Azure, etc.

Amazon reported $35.22 Billion for 2020 revenue from subscriptions services only.

If your service is good, you will get subscribing customers

Shopify earned $5.6 billion which is majorly dependent on subscription models.

India has also seen many OTT platform based on subscription model.

It has been a problem for users too as they have to switch between Apps for different sporting events.

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You can implement subscription models for offline businesses too.

If you own a spa, you can offer yearly subscriptions with additional bonus to subscribers.

The same idea applies other businesses like car wash, laundry, etc.

Are you planning to implement the subscription business model in your businesses?

Are you planning to implement the subscription business model in your businesses?

YES

NO