5 Reasons NOT to Make Your Subscription “Like Netflix”… and 1 Reason You Should
Netflix is a true leader of the Membership Economy. Back in 2002 when I first started working with them, I fell in love with their business model. I loved their focus on doing one thing really well, their Forever Promise (FP). I describe that FP as “a huge...Next Gen Subscriptions (or The Membership Economy, Part 2)
People are always asking me “What’s next for subscriptions?” It’s hard to answer, because in this increasingly crowded space, everyone seems to have a subscription offering, and each one is a little different. However, the one challenge all organizations seem to be...How to Build the Right Culture for Subscriptions
Right now, subscriptions are everywhere. Every industry is experimenting with subscription. Some are working. Some are not. The best subscription companies seem to be disruption proof. Subscribers have made their products and services habits, and aren’t looking for...
How to Optimize Tiered Pricing Options for a Subscription
A good subscription should reward subscribers for loyalty–because consumers will do what they’re rewarded for. We’ve seen how consumers have been “taught” to threaten to cancel their cable because it almost always leads to a better price. If you give better pricing to new subscribers or squeaky wheels, you teach them to cancel and to shop around.