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Subscription business model: What, how, and why

BirdEye

Today more companies across industries are leveraging subscription business models to build successful, scalable, and sustainable enterprises. Recent statistics reveal the subscription economy will be a trillion-dollar economy by 2025. Let’s explore how subscription models work and how to build one for your new company.

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5 Ways to Leverage Net Promoter Score to Boost Customer Retention

InMoment XI

However, this will vary based on your industry and your location. If your industry is one generally viewed negatively – think debt collection, or property management – then you’re generally going to have lower scores, too. If they’ve had issues with subscription software, offer them a feature upgrade. Keep Going.

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Empowering Your Team to Deliver Kick-Ass Customer Experience

BlueOcean

You know your wallet is stuffed with membership cards (roadside assistance, your local gym, and Costco) and your front porch welcomes monthly subscription boxes (Blue Apron, Trunk Club, and Honest Essentials), while your go-to entertainment is no longer cable TV but subscription-based media (Netflix, Hulu, and Amazon Prime.)

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Custom Payment Solutions: Your Competitive Edge in a Digital World

CSM Magazine

So creating customized payment solutions tailored to their needs is becoming the key advantage for businesses wanting to stand out from the crowd. Understanding Custom Payment Solutions When it comes to payment processing, one size definitely doesn’t fit all. Do that, and you’ll be well on your way to subscription success.

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Why SaaS Leaders Should Outsource Their Customer Success Program

BlueOcean

SaaS companies are no strangers to how an entire industry can be flipped on its head with a simple reframing of business models. Find a partner who has experience, and proven success, in providing SaaS companies with effective Customer Success solutions. We are here today to say, with respect, they’re wrong. Ill-defined KPIs.

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Incorporate CX Surveys into Your SaaS Customer Journey

Retently

In addition, by analyzing the collected data, you will be able to predict behavior in terms of churn, identify relevant subscription plans, and take timely measures to boost customer retention. Here you should develop relevant solutions and close the loop with trial customers. How easy was it to find the solution you needed?

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Customer Service Crucial for Subscription Businesses During the Holiday Season

Kustomer

Customer service can be a challenge in any type of business, but the last two years have created unprecedented obstacles and shifting circumstances across industries around the world. While popular before the pandemic, subscription-based businesses in particular have been enjoying accelerated growth within this transformed shopping culture.