When considering which type of business model you should adopt for your fledgling business, it’s essential to consider a subscription model! While it may be a little intimidating at first, we’ve outlined some benefits of the subscription model for you below. Let’s get into it!
Asking your customers to spend $300 on access to one event can be difficult. That’s a lot of money for many folks to have at any time that isn’t already designated for bills or rent! Asking for $100 across three months, or $50 across six months, allows your customers to afford your services. By offering this structure, you’ll favor your customers and prospective customers.
Behind the scenes, every business owner has bills to pay, whether they’re related to the business or not. With your business on the subscription model, you’re more likely to see monthly, reliable income, making it easier to plan for your own expenses.
Keeps Production Simple
Are you one of those people who frequently find themselves working at a frantic pace for weeks, producing content and staying active on social media and going to events and networking… only to find yourself in a slump, unable to check your email, once your energy runs out?
Subscription model businesses might be right for you. This structure can help you modulate your production by keeping you on a regular schedule mandated by the length of your subscription options. This structure can also help keep your interest for folks who struggle to stay engaged!
An added bonus to keeping yourself on a monthly, quarterly, or other regular schedule is making it easier to plan your content calendar. (What’s a content calendar? We’ve got you covered.)
If you’re not sure where to start, let us help! Schedule a demo with Join It and see how we can help your business grow and thrive.
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