What the plugin does:
Sell products, services or subscription boxes (with weekly, monthly, yearly payment, etc.) and create an effective passive revenue system in your store.
How you can benefit from it:
- easily create a business model that can generate reliable and predictable revenue by focusing on customer loyalty;
- attract customers with affordable prices: A majority of users, 78%, prefer the convenience and flexibility of a monthly subscription priced at $25 rather than making a one-time payment of $300;
- give your customers the opportunity to try out your products with a free trial period: by allowing them to test before subscribing, you can boost conversions by as much as 56%. When users have the chance to experience a product or service firsthand, they are more willing to make a purchase;
- cultivate customer loyalty: offering subscription-based products or services allows you to foster a long-term and trustworthy relationship with your customers. By implementing effective engagement strategies, you can keep them actively involved with your brand and effortlessly minimize customer turnover;
- reduce customer acquisition costs: since acquiring new customers is 5 times more expensive than retaining existing ones, the customer who buys and pays on an ongoing basis for a subscription product represents a huge opportunity to cut costs and increase revenue through targeted upsell strategies.
