Create recurring income system with products and services sold on a subscription basis
- You will loyalize a niche of customers who will renew their subscription on a monthly basis and let you earn automatic and guaranteed income
- You will be able to set lower prices for expensive products and services and allow more customers to purchase
- You will be able to offer a trial period to your customers and let them test your products so you can push them to buy. You can increase sales by 56% because users are more likely to buy after they get familiar with a product or a service
KEY FEATURES
Selling products on a subscription basis lets you get regular payments and monitor your income growth month by month.
This has become the most popular business model in recent years: users pay for a subscription – typically weekly, monthly or annually – to use software, to access training courses, to read a magazine, to get unlimited access to an archive of useful resources (like the audio file library offered by Amazon Audible or sites with photos stocks) or to benefit from a hosting service. But this applies also to gyms, video games, libraries, consulting or coaching services, legal advisory etc… It’s a winning business model that suits most of the products or services available for sale. The trial mode will let your customer access your products for free and for a limited time: you can ask them to register in your shop (an effective way to build a good mailing list) and increase conversions: it’s easier to push customers to buy after they could test the strengths of your product by themselves. Additionally, the reminder system that is included in Subscription System will prompt your customers to activate or renew their subscription.
Allow users to switch, pause or cancel the subscription plan
Choose whether to let the user pause a subscription (set limits like the maximum number of pauses or the maximum number of paused days allowed before it automatically gets reactivated), to switch to another plan or to cancel a subscription right from their account.
Set a free trial period to create a list of customers and push them to buy later
A free trial period might be the most effective tool to encourage your users to subscribe and test your products or services for free: on the trial expiration, it will be easier for you to push them to buy and increase conversions.
Choose how to handle failed payments and when to suspend or cancel a subscription
Thanks to some advanced options, you can choose how to handle subscriptions with failed payments: set the number of days allowed before the subscription gets suspended and how long it can stay suspended before it gets canceled.
A wide range of e-mail notifications for admins and customers
Subscription system allows sending different kinds of email notifications both to the admin and to the subscribers. For example, the user can be notified multiple times about the expiring subscription, the expired subscription, a failed payment or successful payment, if the subscription is getting suspended and so on.
A dashboard to easily track all subscriptions and subscription activities
Monitor the status of every subscription (start and end date, next payment date, payment amount etc.) from the built-in dashboard.
