There is no single way of doing business. Actually, the world has many entrepreneurial approaches. Traditionally, business depended on physical contact. The seller had to see the buyer and at the end of the deal, there was shaking of hands. Nowadays, things have gone virtual. It is the digital age. This has led to the rise of many internet business models including online subscription service. This kind of model will succeed if one has a well-thought out business plan. Strategizing is essential whether one is doing business online or offline. The internet route still involves application of business common sense.
The most important thing is to have a subscribing portal that people find valuable. If that is the case, customers will be willing to pay the price stipulated. Convincing people to buy is not easy. It involves more than marketing. The service should sell itself. People should find it so valuable to the extent that they cannot do without it.
As a start, one can have a freemium model. This involves giving people a taste and then requiring them to pay latter if they find that they can benefit. There can be a trial period of seven days or one month. After trial, customers should be required to subscribe by making a monthly or annual payment. Reasonable fees are necessary.
Not everything works well with the web subscribing business model. Studies have shown that this model is perfect for virtual products. However, some physical products will do just fine. It all depends on the nature of a product. A TV service whether delivered physically or virtually requires customers to subscribe. Online content needs subscribing. One has to pay for music.
The biggest newspapers in the world no longer offer their web content free of charge. One is required to subscribe after reading a number of articles free of charge. In most cases, there is a quota of five, after which payment should be made. There are different payment modes. Some providers insist on credit cards. One can pay via payment gateway.
Those who want to start subscribing portals should not assume that it will be easy sailing all the way. There will definitely be hurdles along the way. Thus, there will be need for resilience. In addition, success will not happen overnight. A person might have to wait for weeks or months before he starts to make a descent profit.
One needs to come up with a viable subscribing site idea. There is no need for an original idea. An individual can simply modify what already exists. Also, reverse engineering is allowed. The idea arrived at needs to be effectively implemented. A vision is only as good as its implementation. Actualization requires time, money, support, and effort among other things.
It is not free to operate a web subscription platform. The website will be hosted at a cost. The people in charge of posting content and maintaining the website will have to be paid a salary. There might also be third party obligations and costs because of the involvement of third party content. Thus, customers have to pay for subscription services.
The most important thing is to have a subscribing portal that people find valuable. If that is the case, customers will be willing to pay the price stipulated. Convincing people to buy is not easy. It involves more than marketing. The service should sell itself. People should find it so valuable to the extent that they cannot do without it.
As a start, one can have a freemium model. This involves giving people a taste and then requiring them to pay latter if they find that they can benefit. There can be a trial period of seven days or one month. After trial, customers should be required to subscribe by making a monthly or annual payment. Reasonable fees are necessary.
Not everything works well with the web subscribing business model. Studies have shown that this model is perfect for virtual products. However, some physical products will do just fine. It all depends on the nature of a product. A TV service whether delivered physically or virtually requires customers to subscribe. Online content needs subscribing. One has to pay for music.
The biggest newspapers in the world no longer offer their web content free of charge. One is required to subscribe after reading a number of articles free of charge. In most cases, there is a quota of five, after which payment should be made. There are different payment modes. Some providers insist on credit cards. One can pay via payment gateway.
Those who want to start subscribing portals should not assume that it will be easy sailing all the way. There will definitely be hurdles along the way. Thus, there will be need for resilience. In addition, success will not happen overnight. A person might have to wait for weeks or months before he starts to make a descent profit.
One needs to come up with a viable subscribing site idea. There is no need for an original idea. An individual can simply modify what already exists. Also, reverse engineering is allowed. The idea arrived at needs to be effectively implemented. A vision is only as good as its implementation. Actualization requires time, money, support, and effort among other things.
It is not free to operate a web subscription platform. The website will be hosted at a cost. The people in charge of posting content and maintaining the website will have to be paid a salary. There might also be third party obligations and costs because of the involvement of third party content. Thus, customers have to pay for subscription services.
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