The subscription-based model has proven to be a massive success for many businesses that have jumped on this latest trend. With a subscription-based model, customers can get a taste for new products and services they would have otherwise never heard of. Home-delivered meal kits, candies, men’s razors, streaming services, the…
The outbreak of the pandemic has turned the US into a nation of cloistered citizens, driving the demand for subscription-based services. Entertainment services such as Amazon Prime, Hulu, and Netflix received a massive inflow of new subscribers. The spending total for “Over-the-top” (OTT) services hit a staggering $22 billion. More…
According to Credit Suisse, a total of $420 Billion was spent on subscriptions in the US back in 2015. This was an astounding leap from $215 Billion back in 2000. The Subscription Economy®, a term coined by Zuora’s CEO Tien Tzuo, is used to describe a “new era” of companies…
The subscription economy is booming. According to Zuora, a software company that helps businesses launch their subscription-based services, this sector is growing so fast that the revenue for subscriptions businesses grew about 5 times faster than the retail sector and S&P 500 from January 2012 through June 2019. There are…
Shopify is an e-Commerce platform that enables you to build your store both online and offline. It also allows you to sell online on your own website, and or in person by using Shopify POS. The website builder includes features that can benefit the most novice merchant to full-fledged e-Commerce…
In just the last few years, the subscription-based business model of selling both products and services has proven to be incredibly profitable. From ready to prepare dinner kits to personal care, many new businesses, as well as existing businesses, have hopped on the proverbial bandwagon to adopt this model to…
As e-Commerce continues to burst at the seams with growth and profit, it is only reasonable that high-risk merchants would want a piece of that lucrative pie. Traditional payment processors do not want to engage in any type of business where great risk is involved, and therefore, do not accept…