Subscription Management & Recurring Billing Services Subscription Module

Definition

The subscription business model is a business model that was pioneered by magazines and newspapers, but is now used by a myriad of businesses. Rather than selling products individually, a subscription sells periodic (monthly, yearly) use or access of a product or service. Thus a one-time sale of a product becomes a recurring sale and builds brand loyalty.

How do Subscriptions work?

  • Sell subscriptions and initiate service activation
  • Handling of runtime periods and renewal SKUs
  • Manual and automatic renewal purchases
  • Customizable endcustomer messaging
  • Publisher platform integration for real time messaging

Subscriptions benefits

  • Automated credit card billing, no human interaction needed
  • Long term customer binding through auto renewal and customer messaging
  • Customer binding through various payment models
  • No more software piracy
  • Automatically convert trial users into long term customers
  • Grow revenue through long term customer binding
  • Reduce marketing efforts for new releases
  • Consistent path of communication to the end user Reduces costs due to automated subscription workflows
  • Grow customer interest and customer base through variable business models and payment terms

Recurring Payment

Recurring or automatic billing is a standard part of asknet’s subscription module.  Automatic billing is available for credit cards.  After the initial subscription purchase, the customer is given access to the product or service for a specified amount of time or usage period. 

References

Subscription products with different runtime periods and subscription code entry for renewal.

Subscription article with runtime period 24 month, with automatic renewal.

Support and maintenance article with runtime period one year,handled as subscription.