Benefits of Subscriptions

As consumer buying habits are trending toward more simple and hassle-free experiences, more and more companies are jumping into the subscription space and seeing incredible growth.

What is subscription?

Subscription services are based on the idea of selling a service to receive monthly or yearly recurring  revenue.
The subscription owes its success to the optimal balance of value it provides to both the businesses and the customer.

Benefits for Customers

Convenience and Simplicity – Customers can set up the auto renewal for subscription and never have to remember to make a payment or schedule new appointments. The autopilot removes the thinking out of a purchase decision and provide them reassurance that they will be taken care of.

Know their Budget - Subscriptions offer a flat rate which helps customers stay within their budget by predicting and controlling their spending.

Better Value - Subscriptions usually bring added value to the customer through bundling or getting it all for the price of one.

Benefits for Business

Predict Revenue and staff needs– Businesses can easily predict their monthly/ yearly revenue through recurring sales. This consistency in revenue also allows them to easily understand the staff needs and simplify pricing. They can anticipate demand and supply with ease. This helps in achieving consistency in business processes. With effective planning, staffing costs can also be saved.

Save time in scheduling and invoicing – The autopilot process in the scheduling software can help to schedule recurring appointments and generate invoices. The automatic payment collection process can collect payment from the customer. Businesses only need to interfere with exceptions. This helps to save lot of time and effort.

Customer Loyalty – With supporting customers ongoing you get more insight on the customer needs and they know it is not one-time thing and helps build customer loyalty.

DoTimely is offering subscription services to help put all these tasks to autopilot so you can focus on building your customer base.