Let’s face it, the subscription economy is booming. There’s a subscription for just about anything these days.
Apple further confirmed that the subscription economy is still blazing hot last week when Tim Cook focused on a suite of new subscription services at a March 25 event, rather than unveil any sleek new technology.
And why not? Customers seem to like the predictability and ease of a monthly subscription, while companies love this model as it allows for a consistent revenue stream.
Everyone is moving to a subscription model these days, and if your firm isn’t already on one, you should seriously consider.
The trick is to productize your services in a way that is providing value throughout the subscription period, rather than only at a particular point in the subscription, otherwise your customers won’t be happy paying monthly, but receiving value at only certain points throughout the year.
And without further ado, let’s get into this week’s Future Firm Weekly Top 5…