Subscription pricing can help boost sales, create recurring revenue, and allow businesses to make sure they’re meeting the needs of their customers. However, to get started, the business owner needs to make sure they’re using the right platform and taking advantage of all of the main features of subscription pricing. Some of the features to watch for and try will include the following.
Customization of Plans
One of the benefits of offering subscription pricing is that it allows customers to choose how much they want to pay each month based on what they need from the business and their budget. A payment platform should offer complete customization for the subscription pricing so the business can create a number of tiers for their customers to choose from.
Ability to Provide Promotions
Customers love discounts, so businesses will want to look into a payment platform that provides the ability to offer promotions through the subscription pricing. The promotions and discounts should be easy to apply to the subscription pricing so it can be turned on or off and adjusted as needed by the business owner. Look for a payment platform that makes it possible to use a variety of promotions to bring in more customers for the business.
Ease of Providing Trial Periods
Many customers are going to fear being locked into a subscription plan if they aren’t sure they’ll like the product or service. For this reason, it’s a good idea to look for a payment platform that makes it easy to offer trial periods. Trial periods give customers the chance to make sure they’ll like the product or service and will help encourage them to give it a try. This could lead to more sales for the business.
If you’re ready to give subscription pricing a try for your business, make sure you’re using the right payment platform. Take a look at BlueSnap now to learn more about the subscription billing engine and to see everything it offers. Subscription pricing might lead to much higher sales as well as create recurring revenue for your business, so see how easy it is to get everything set up and ready to go today.