I was listening to NPR on my way to work this morning and there was a story that caught my attention. The story was about eCommerce businesses adopting a subscription model for what the sell. I found this very interesting and thought to myself what can be sold online using this model. Come to find out a ton of things.
DollarShaveClub.com is a company that uses this model to take the headache out of buying expensive razors every month. They offer a monthly shipping of razors directly to your doorstep starting at only a $1.00 a month. I mention this site because it shows that if you’re creative enough, you can find a niche that needs to be filled with this type of business model.
Also with the economy that we’re in right now, offering a subscription base model takes the worry out of trying to bring in return customers. You basically just need to get the customer to sign up for your service once and you will continue to reap the benefits of that customer. Also, this will set up a steady and predictable revenue stream and product demand. This will help with deciding when and how much inventory to order.
As I was listening to the story, I was also thinking what Cart32 offers our clients if they wanted to implement a subscription based business model. Well, Cart32 offers a Recurring Billing option directly in the Cart administration. This option is available to anyone that signs up with our Bundled Plan which includes a merchant service account. This offers the convenience of having all the information you need in one spot, without having to bounce from your Cart administration to a third party merchant service administration panel. If you wanted to automate the process more, our development team could do a little magic that will enable all orders that come in to automatically set up a recurring billing for the customer.
When it comes to a subscription based business model, it’s all about getting creative and setting your company apart from the rest. Once you find what suits you and your business, Cart32 is able to compliment and streamline your subscription process.