RECURRING REVENEWS | Revealing How To Get Thriving Paid Subscribers Every Day In Your Business

Today's top stories to grow paid subscribers: 5 Reasons Why Building A Subscription Into Your Business Is A Winning Strategy | Innovative Ways To Increase Newsletter Subscriptions | The Rise Of Subscription Billing In Marketing & Digital Agencies

Quote of the Day...

"Given the dominance of mobile for subscription box site visitors, its critical marketers have a strong mobile strategy, as it’s likely that the first interaction with a subscription box shopper will be on a mobile device."Nigel Wilson | Managing Director | Hitwise

Recurring Revenue Quiz Question (tune in for the answer) According to Gartner Group, what percent of future profits will come from 20% percent of your existing customers? A. 10% B. 25% C. 50% D. 80%

Today's top stories to grow paid subscribers: Why The Subscription Business Model Is Great News For Entrepreneurs | If You're Experiencing Churn, Remind Customers That You're There | New Indicia Uncovers Strong Consumer Interest In Value-Added Subscription Services

Quote of the Day...

"Subscriptions deny your competitors openings to grab your customers."Amir Elaguizy | CEO | Cratejoy

Recurring Revenue Quiz Question (tune in for the answer) What is widely known for the ability to convert free users to paying customers?

A. Discounts

B. Up Sells

C. Bundles

D. Freemiums

Today's top stories to grow paid subscribers: Building A Membership Site | 5 Tactics To Spur Bundling Success | T-Shirt Subscription Service Startup Is Product Hunt Of The Physical World

Quote of the Day...

"For [consumers], renting assets may be easier and less expensive than buying. For providers, recurring revenue is attractive because it establishes predictive income stream as long as the customer continues to use the service."Robert Kugel | CFA, SVP & Research Director | Ventana Research

Recurring Revenue Quiz Question (tune in for the answer) Which of the following are the six elements of a good subscription service:A. Habit, user experience, flexibility, communication, personalization, and added value

B. Committing, planning, creating, marketing, selling, and growing

C. Reporting, analyzing, modeling, planning, delivering, and repeating

D. None of the above

Today's top stories to grow paid subscribers: Why Big Brands Are Getting Into The Subscription-Box Business | Choosing The Right Payment Gateway - Part 2 | Online Subscription Plans Deliver Meals To Your Door

Quote of the Day...

"Recurring revenue models are quickly gaining popularity in a number of different industries, and it’s no surprise considering the annual recurring revenue opportunity for business is predicted to be $500B or more."Eileen Bernardo | Content Marketing Manager | Aria Systems

Recurring Revenue Quiz Question (tune in for the answer) Which of the following are significant contributions lifetime customers can give to your brand?

A. Personal Testimonials – when your customers email you a positive email about your brand, ask right away if you can use it as a testimonial

B. Word of Mouth – offer a bonus to your customers whenever they directly bring in another customer

C. Repeat Purchases – consider grandfathering all members at their initial subscription rate

D. All of the above

Today's top stories to grow paid subscribers: 6 Tips For Selling Subscriptions To Millennials By A Millennial | Subscription Medicine Is Coming To A Clinic Near You | PawsLikeMe Presents A "Pawskits" Subscription Boxes For Dogs

Quote of the Day...

"Most consumers still using the three-month free trial of Apple Music say they are likely to continue paying for a subscription after the period ends."MusicWatch

Recurring Revenue Quiz Question (tune in for the answer) Which of the following flows should not be on a subscription service website?

A. Instead of asking for a new password, allow users to sign up using their social media accounts.

B. If the website requires sign up via email, set up the forgot password option and ensure the password-reset goes out fast.

C. Include a cancel button to ease the process of opting out from the subscription.

D. Include buttons in any content so subscribers can easily purchase up sells you offer.

Today's top stories to grow paid subscribers: How To Sell Magazine Subscriptions Online | More Shoppers Are Trying Subscription Boxes | What Subscription Business Has Done For Me

Quote of the Day...

"Each month we send a package with a new featured roasters beans from Canberra with a couple of extra goodies in the package, to market local businesses and get them out there. It’s really quite simple."Drew Southwell | Co-Founder | Drum and Dry

Recurring Revenue Quiz Question (tune in for the answer) Which of the following is a proven approach to get into a market and grow recurring revenue?

A. Learn from the competition and innovate beyond what they are currently offering today

B. Follow your passion and create a subscription offering from it

C. Always offer the lowest subscription price in the market

D. None of the above

Today's top stories to grow paid subscribers: Leading Subscription Box Retailers Emerge | How BMW Is Switching From Car Maker To Autonomous Mobility Company | At Local News Site Berkerleyside, Membership Matters

Quote of the Day...

"The main thing is, you want people to keep using it for a long time, because that leads to more revenue."Tip Adler | CEO | Scribd

Recurring Revenue Quiz Question (tune in for the answer) True or False: When sending a renewal email to your members, it’s a best practice to use their title.

Today's top stories to grow paid subscribers: Referred Customers Less Likely To Churn, More Profitable | Urgent Care Provider Creates Telemedicine Memberships For Students | Fixing The Model To Empower Truth Tellers At WSJ

Quote of the Day..."Membership is the Holy Grail of business because recurring revenue is predictable and smooth."Robbie Kellman | Author | The Membership Economy

Recurring Revenue Quiz Question (tune in for the answer) Harry’s Shave Club acquired 1 million customers in 2 years. Which was one of the ways they did it?

A. Pre-launch strategy through social media teasers that compelled viewers to register their emails for subscription offer updates and get their friends to do the same through tiered rewards

B. Launched a viral video that was insanely successful with millions of views

C. Used some of their initial seed funding to hire a famous NFL quarterback to pitch their product on social media

D. Had one of the most successful Kickstarter campaigns of all-time to initially get their first quarter million members

Today's top stories to grow paid subscribers: Meet Aria Systems: Enabler Of The Subscription Economy | 13 Tips To Improve User Onboarding From SaaS Leaders | Koder Launches First Developers-as-a-Service Platform To Build Your Next App

Quote of the Day...

"As we think about our move into software with our partners, and our move into recurring revenue with our partners, one of the key things we need to do is to build up the operational capabilities to ensure that, together, we can drive the appropriate adoption and renewal services so that all of us can maintain an ongoing profitable business."Chuck Robbins | CEO | Cisco

Recurring Revenue Quiz Question (tune in for the answer) Today, over 226 million adults take advantage of online subscription models. True or False: The average consumer spends more than $750 in monthly subscription services.

Today's top stories to grow paid subscribers: Customer Retention: How To Turn Unhappy Customers Into Lifelong Customers | Member Meet Sponsor: A Model For Reaching Underserved Segments | Testing Value Of Meal Subscription Kits

Quote of the Day..."…the recurring model has the potential to produce predictable revenue streams, which is why it is attractive to both companies and investors."Kimberly Odom | Director | NetSuite

Recurring Revenue Quiz Question (tune in for the answer)

In the subscription economy, innovation does not end with the product it is determined by the:

A. Discounted pricing wrapped around that product

B. Services you provide wrapped around that product

C. Social media ads wrapped around that product

D. Tiered pricing levels wrapped around that product