With the popularity of e-commerce and changing consumer trends, many businesses are adopting subscription business models for their e-commerce brands. Research predicts that the CAGR of e-commerce will increase to 68% by 2025.
E-commerce Subscription Model
Source: UnivDators
Studies show that the eCommerce subscription model will grow to over $450 billion by 2025. However, some eCommerce brands have not embraced the subscription model and others don’t even know how italy whatsapp number database it works to effectively drive more sales and growth for their business.
The article sheds light on how the eCommerce subscription model works, different subscription models you can try, metrics you should track, and best practices you can use in your subscription model.
What is the E-commerce Subscription Model?
This is a business model where eCommerce customers can subscribe to a brand and continue to purchase products from the eCommerce store again and again. The customer can choose payment plans that suit their budget and schedule. Here is how the entire recurring process and payment looks like.