Introduction to subscription commerce industry
The subscription e-commerce market is seeing an exponential growth , by more than 100 percent a year over the past five years, says a report by McKinsey. This creates immense opportunities for companies that want to earn good profit from the sale of digital products and services on a recurring basis.
Companies in the subscription commerce industry can forecast cash flows and budget, reduce administrative costs, and drive better business outcomes. Buyers, on the other hand, benefit by planning their budget in advance because they get a consistent and recurring cost for as long as they are active subscribers.
Tools to automate the billing and management of your subscription-based digital products and services
Moving to a subscription-based model impacts every aspect of operations across the organization— from business processes and business rules to billing and payments. To make this transition successful, businesses need to improve the customer experience and get to market faster and also do it all without missing a beat. This where you can trust Subecob – an all-in-one cloud-based off-the-shelf solution that manages all aspects of a subscription-based business.
With Subecob, companies can maintain or improve competitive advantage—and deliver a unique customer experience by meeting a wide range of demands. Speed time to market with wide functional coverage to quickly set up subscription services.
List of subscription commerce industries served by Subecob
Media and entertainment
Subecob allows you to effectively manage and scale multiple subscriptions to address unique needs of customers interested in media and entertainment content. Automate anything in an instant. Cross-sell, up-sell products and services with confidence and maximize revenue.
Health and wellness
Launch new health and wellness products and services. Subecob entitles you to manage differing scenarios while keeping all compliances. Switch payment methods, bring new features, setup new integrations seamlessly in as few clicks as possible.
SaaS and cloud business
Record all data consumption. handle large volume of data and setup new rules. As a flexible billing platform, Subecob is all you want to keep in pace with the changing SaaS and cloud business. Prevent churn rate and grow, without writing a single line of code.
More industries –
- Broadband and internet service providers
- Automotive
We will continue to update this webpage with more information. Meanwhile, if you want to try our product for a demo, please contact us. Even if you do not opt for the premium plan, you can get started with the free plan that allows you to manage up to 99 customers. Learn more.
FAQs – Subscription commerce industry
The industry has grown by more than 100 percent a year over the past five years. So, there are unlimited opportunities waiting to happen. Many businesses are seeing steady growth and profit by following a proper model.
Many industries are adopting subscription-based models due to the increased potential and consumer interest on a set and defined pricing model. Some of these industries include media and entertainment, health and wellness, broadband and internet service providers, SaaS and cloud services to name a few
With Subecob, companies can maintain or improve competitive advantage—and deliver a unique customer experience by meeting a wide range of demands. Speed time to market with wide functional coverage to quickly set up subscription services.
If you do not opt for the premium plan, you can get started with the free plan that allows you to manage up to 99 customers. Learn more.