A note from Sary

Form of Value #4: Subscription A Subscription program provides predefined benefits on an ongoing basis in exchange for a recurring fee. The actual benefits provided can be tangible or intangible the key differences from other forms of value are (a) the expectation of additional value to be provided in the future and (b) the understanding thar fees will be collected until the Subscription is canceled. In order to create a successful Subscription, you must: 1. Provide significant value to each subscriber on a regular basis. 2. Build a subscriber base and continually attract new subscribers to compensate for attrition. 3. Bill customers on a recurring basis. 4. Retain each subscriber as long as possible.

Sary The Personal MBA, page 53 · October 5, 2023 Save to shelf
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