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.
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.
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.
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.
Did you know with Times Prime, you can save a lot on almost all OTT platform. Just buy Times Prime and get access to all OTT services. Swipe up or Click below link to avail the offer.
Did you know with Times Prime, you can save a lot on almost all OTT platform. Just buy Times Prime and get access to all OTT services. Swipe up or Click below link to avail the offer.