Post by asadul5585 on Feb 22, 2024 4:57:28 GMT
The recurrence market has been sailing in calm waters for the last five years and, with each new report published about the sector, the growth in its numbers and profitability strengthens the upward forecasts for 2023. This excites those who work with products and services that work very well with this business model, in addition to expanding horizons so that more and more brands are betting on recurrence, which is very pleasing to the public that has embraced access consumption once and for all. For those who haven't jumped on the bandwagon yet, this article will shed light on this sea of new possibilities. Read more and see how there is plenty of room for you to gain customers who are adept at practical, safe consumption and – most importantly –! – periodic. What is a recurrence market? Also called the subscription economy, this business model is based on providing the consumer with access to products and services charged periodically through a recurring subscription plan . A definitive and very successful example of this market is Netflix, a film and series streaming platform that dethroned the old rental companies from their sovereign dominance in home audiovisual entertainment and charges monthly fees from its movie-loving subscribers.
The success of the platform has been so astronomical since its inception that, today, Netflix produces, from end to end, much of the content it displays – and with enough quality for some of the works to win an Oscar, in fact! Absolute proof of how much the recurrence market is capable of earning. How does the recurrence market work? The recurrence market works according to a different logic than the traditional one: the customer does not pay to own a certain product or to hire a service just once, but Kuwait Mobile Number List to be able to use them – both a product and a service – for as long as possible. to wish. The consensus is that, to be sustainable and please the public, a business adopting the recurrence model must offer: convenience; simplicity in joining and canceling the plan; transparent relationship with consumers; It is consumption-based pricing system. In addition to these items, it is also worth highlighting the fact that the basis of its relationship with customers is not ownership of something, but access. The idea is that someone with a specific need or interest hires the brand that sells on a recurring basis to resolve the issue.
Thus, the consumer gains access to a product or service by paying for it from time to time and for as long as his interest in consuming it lasts. Along with the customer experience , the cost of recurrence is also very attractive compared to the value of the purchase designed for possession and not just access. This goes for the streaming services that helped popularize the initiative, of course, but for many other businesses equally. Examples of the recurrence market There is already a wide range of brands that are betting on the success of subscription plans and recurring payment systems. You probably know or even use at least one of these below. Sem Parar : automatic release of toll gates and parking lots. Smart Fit : gym chain present throughout Latin America. A Taba : curation of children's books, categorized by age, with monthly delivery. Lugga : cars by subscription, without documentation, insurance and IPVA costs. Amazon Prime : access to music, film, online shopping and e-book platforms.
The success of the platform has been so astronomical since its inception that, today, Netflix produces, from end to end, much of the content it displays – and with enough quality for some of the works to win an Oscar, in fact! Absolute proof of how much the recurrence market is capable of earning. How does the recurrence market work? The recurrence market works according to a different logic than the traditional one: the customer does not pay to own a certain product or to hire a service just once, but Kuwait Mobile Number List to be able to use them – both a product and a service – for as long as possible. to wish. The consensus is that, to be sustainable and please the public, a business adopting the recurrence model must offer: convenience; simplicity in joining and canceling the plan; transparent relationship with consumers; It is consumption-based pricing system. In addition to these items, it is also worth highlighting the fact that the basis of its relationship with customers is not ownership of something, but access. The idea is that someone with a specific need or interest hires the brand that sells on a recurring basis to resolve the issue.
Thus, the consumer gains access to a product or service by paying for it from time to time and for as long as his interest in consuming it lasts. Along with the customer experience , the cost of recurrence is also very attractive compared to the value of the purchase designed for possession and not just access. This goes for the streaming services that helped popularize the initiative, of course, but for many other businesses equally. Examples of the recurrence market There is already a wide range of brands that are betting on the success of subscription plans and recurring payment systems. You probably know or even use at least one of these below. Sem Parar : automatic release of toll gates and parking lots. Smart Fit : gym chain present throughout Latin America. A Taba : curation of children's books, categorized by age, with monthly delivery. Lugga : cars by subscription, without documentation, insurance and IPVA costs. Amazon Prime : access to music, film, online shopping and e-book platforms.