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

Today's top stories to grow paid subscribers: How This Esty Seller Increased Business 3X In Under A Year | 10 Flows Every Subscription Service Website Must Have | Driving Recurring Revenue With Entitlement Management

Quote of the Day...

"Acquiring a customer on a subscription model gives you a year to prove your value to them."Nick Green | Co-CEO | Thrive Market

Recurring Revenue Quiz Question (tune in for the answer) Which of the following are good pricing tactics for recurring revenue?

A. Offer free trials and freemiums for a limited time to expose products or services to a customer to sway them into becoming a paid subscriber

B. Allow flexible payment terms for subscribers for long contract periods of time like quarterly or a year

C. Create tiered pricing for usage-based services. Bundle seats and features and include penalities for over usage

D. Develop unlimited plans where the customer has no usage limits for a set fee

E. All of the above

Today's top stories to grow paid subscribers: The Importance Of Service Contract Renewals For Repeat Business | The Rapid Adoption And Current Landscape Of Digital Subscriptions At U.S. Newspapers | In Line With Online

Quote of the Day..."Monetization is the process of converting business assets into recurring revenue."Bob Harden | Director of Billing Solutions | Experian

Recurring Revenue Quiz Question (tune in for the answer) Recent studies done by Bain and Co. in conjunction with the Harvard Business School have shown that increasing customer retention by just 5% can result up to a:

A. 25% increase in profitability

B. 50% increase in profitability

C. 75% increase in profitability

D. 95% increase in profitability

Today's top stories to grow paid subscribers: Headache To Hero: Drive Recurring Revenue With Entitlement Management, Crayonbox Offers Subscription Box For Teachers In Low-Income Schools | Should Your Ecommerce Site Offer Subscriptions? Pros & Cons

Quote of the Day...

"Deciding to implement a subscription business model is much more than a pricing optimization. It’s critical to understand – before you even decide on a business model – whether your core offering has the right characteristics to become a successful and enduring Consumer SaaS business."Alon Wienberg | Principal | Carmel Ventures

Recurring Revenue Quiz Question (tune in for the answer) According to the Baymard Institute, almost 70% of online shoppers abandon their shopping carts before they make an actual purchase. Which of the following is not a good idea to use for a shopping cart experience you provide?

A. Communicate with people who have recently abandoned their shopping cart before buying by gently reminding them their cart still has items in it

B. Make your customers register for an account in order to buy

C. Make the checkout process easy and fast for the customer so once they begin they won’t back out

D. Creating an one click option

Today's top stories to grow paid subscribers: Are You Leaving Money On The Table? Usage Billing Gets It Back | Bend Company Cairn Is Thinking Beyond The Box | Subscription-based Mobile Apps: Why App Developers Are Embracing The Shift To Recurring Revenue

Quote of the Day...

"Netflix is a prime example of how to completely disrupt an industry with a new product distribution model. Over 44-million people and counting subscribe to their video streaming services worldwide."Bob Harden | Founder | Harden Group LLC

Recurring Revenue Quiz Question (tune in for the answer) True or False: Handle cancellation requests as fast as registration requests

Today's top stories to grow paid subscribers: Your Small Business Needs Recurring Revenue | 4 Ways To Capture The Energy Of A New Member | Shave Clubs: Are They Really A Good Deal?

Quote of the Day...

"First make sure you have an idea that can be stretched and one that you can keep being creative with. A subscription business requires someone to keep creating new things customers want to see. "Vienna Ortiz | Founder |Planner Addict Box

Recurring Revenue Quiz Question (tune in for the answer) To be able to estimate your subscription revenue growth:

A. Always have targets set on the number of subscribers to add within a given period of time

B. Survey your subscribers often to understand their upcoming needs

C. Calculate the average revenue per user and divide that by your annual recurring revenue multiplied by average monthly churn rate

D. Look at your quarterly growth rate and factor that multiplier to your current subscriber base

Today's top stories to grow paid subscribers: 10 Must Haves For An Effective Recurring Revenue Management Solution | Top 10 Questions For Choosing The Right Payment Service Provider | Why Consumers Want Makeup and Shaving Kits Brought To Their Doorsteps

Quote of the Day...

"I’m a huge fan of the membership site business model because it creates a dependable income stream."Yaro Starak | Founder | Entrepreneurs Journey

Recurring Revenue Quiz Question (tune in for the answer)

True or False: Nearly a quarter of US businesses today have already adopted or are considering adopting a recurring revenue business model.

Today's top stories to grow paid subscribers: Tips For Boosting Your Subscription Model | This Members' Club To Help Millennials Live Way Beyond Their Means | 4 Email Types To Convert Subscribers To Customers

Quote of the Day...

"When you buy a physical item, the vendor must execute that singular transaction; when you buy a recurring service, the vendor is starting an ongoing relationship with the customer which then must be effectively managed."Mike Gerardi | VP Channel Sales and Business Development | Aria Systems

Recurring Revenue Quiz Question (tune in for the answer)

Which of the following is a Simple Strategy for Successfully Onboarding New Members:

A. Create content that caters to newcomers

B. Create a new member community

C. Welcome new members at events

D. All of the above

E. None of the above

Today's top stories to grow paid subscribers: Attract Investors Using A Subscription Model | Retention Is The New Acquisition | Almanac Website Launches "Pay Meter"

Quote of the Day...

"That's why subscriptions work; they remove the uncertainty."Peter Figueredo | Partner | House of Kaizen

Recurring Revenue Quiz Question (tune in for the answer) Amazon is betting their entire business on:

A. Flash sales

B. Discounts to drive more members into Amazon Prime

C. Social media and television ads

D. Listening to consumers and on getting to know them better as a person

Today's top stories to grow paid subscribers: 30 Amazon Subscriptions To Put Your Life On Autopilot | Karma Cancels Its Unlimited Data Plan, Introduces New Tired Subscriptions | How To Create "Welcome Emails" New Subscribers Will Love

Quote of the Day...

"From a financial perspective, companies that are able to generate a growing audience of subscribers producing predictable revenue streams are far more capital-efficient than companies that need to acquire, and then reacquire, each customer interaction."Dan Burkhar | CEO | Recurly

Recurring Revenue Quiz Question (tune in for the answer) True or False: Choosing a broad market is not a good idea unless you can add the ultimate convenience through your subscription and then simplify the many choices that a customer typically has to figure out and narrow down on their own through simple plan offerings.

Today's top stories to grow paid subscribers: How a Stay-At-Home Mom Turned Her Art Into Success | Vape Shoreditch: Revolutionary E-Cigarette Startup Or Subscription For Addiction? | How To Observe Your Users To Drive Retention

Quote of the Day...

"Our fans connect with us because we listen to their woes, their hearts’ desires, and value their feedback. We treat them almost like a favorite friend, or family member. Lastly, we do not hide that we are small team of, well, humans. So we bring them along for the ride, the behind-the-scenes, the growing pains and the victories of our brand."Alex & Lydia | Founders | Handmade Cartel

Recurring Revenue Quiz Question (tune in for the answer) One key to join the ranks of the major players in your industry, is you should offer new products that no one has seen in:

A. Subscription boxes

B. Retail stores

C. Television commercials

D. Magazine or Newspaper ads