Membership Subscriptions
Whenever your business charges a recurring fee for access to some or all of its services or products, or set of privileges, you are providing a membership experience.
The benefit of this type of subscription is that it is simple and straightforward. Membership subscriptions do not offer a steady stream of fresh products and services, but allow you to provide certain benefits to members. For example, members discounts, free next-day delivery, loyalty points, access to premium content, and so on.
Characteristics of Membership Subscriptions
Using the membership model, you can:
offer a trial period.
set weekly, monthly, and yearly billing cycles.
discount products for subscriptions
set different prices for the same products
set separate pricing according to each:
- product
- plan/billing cycle
Membership Subscription Example
The following steps describe how to create an online streaming service for different products such as standard definition streaming, high-definition streaming and 4K streaming.
Create the products:
standard definition streaming
high-definition streaming
4K streaming
You do not need to assign any pricing to these products.
See Repeat Products.
Create your plans, for example:
- Standard with adverts
- Standard
See Plans.
Create an offering that combines each product with the plans.
- offering 1 - standard definition streaming with standard with adverts and standard plans.
- offering 2 - high definition streaming with standard with adverts and standard plans.
- offering 3 - 4k streaming with standard with adverts and standard plans.
See Offerings.