With the rapidly evolving world of online businesses, subscription-based companies have acquired their rightful place at the top of the industry. Through the marketing of products and services via recurring payment, these companies rely heavily on customer loyalty, create avenues of smooth revenue, and unlock long-term growth potential. Nonetheless, on such large scales, managing subscriptions can become a hassle. Such complex tasks require robust management systems. A similar crossroads had been reached by one of the biggest eCommerce websites in the world—Shopify. Assistance from subscription management software became a must for integration with Shopify when it shifted to offering services on a regular basis.
Shopify has grown exponentially in the last few years and they have been able to provide various aspiring entrepreneurs a place to hone and practice their business-related skills. Having recognised the rapidly growing subscription-based market, Shopify opened its doors to various growing and established brands. The platform itself helps them build, manage and sell subscription-based products and services. From customizable pricing options to automatic recurring billing, Shopify’s native subscription features lay a solid foundation for businesses entering the subscription market.
Why is Shopify a popular platform to offer subscription-based services?
As subscription-based models have gained significant traction online and in the eCommerce landscape, Shopify has turned this opportunity into a major selling point for its users by introducing Subify which is a sub-platform of Shopify itself, through which the platform offers features that make it an attractive option for innovative businesses looking to implement this model.
Native Subscription Features: Through its Subify extension, Shopify offers its users some efficient native features that draw interest and appeal from potential users. Offering a variety of pricing plans, recurring billing automation and subscription renewals. Subify offers its users customisable aspects which create an avenue for users to tailor their offers catering to their customers’ needs. Because Shopify has been largely used to provide an easy-to-use platform for potential sellers that go beyond the brick-and-mortar template, it has to expand in the form of a diverse brand which is more than just a one-dimensional platform.
Seamless Integration: Relying on subscription-management software to administer various business needs, Shopify provides seamless integration with said software. The ability to integrate with trusted subscription management solutions empowers businesses to streamline their operations and provide an exceptional customer experience
Efficient E-Commerce Functionality: Shopify with recurring payment software is famous for its comprehensive and detailed functionality which is clear in its approach with its users. Having a robust infrastructure that is fool-proof and free of any interferences that might be incurred because of human error. Moreover, businesses can avail the opportunity provided by Shopify’s ease and functionality to showcase their products in an orderly fashion, linking it with their subscription-based services.User-Friendly Interface: As mentioned earlier, Shopify targets a larger market of entrepreneurs and the interface itself makes it easier for them to access various features when it comes to subscription-based services. Businesses can seamlessly create and offer subscription plans, monitor customer subscriptions, and make modifications as required.
What features does Subify offer?
By adding an extension subscription app for its platform, Shopify reaches out to and encourages the vast majority of its target market to take the next step to subscription-based services. One of the ways Subify achieves this is through a range of different features that help users seamlessly jump into the subscription-based business world.
Subify provides solid subscription plans: During the checkout process, customers are offered different pricing and billing plans based on their purchases. Products that require regular purchases such as sanitary or hygiene products might prompt a subscription plan that customers can opt for. Through its integration with subscription-based software, Subify will manage your customers’ subscription needs on its own efficiently.
Helps build a recurring revenue stream: One of the major upsides of subscription-based services is that it creates a stream of consistent revenue that businesses can rely on. With users automatically purchasing and getting the products they need on a regular basis, the recurrent requirements can be monitored and turned into a channel of consistent profitability.
It lets customers add or remove products from subscriptions: Giving customers the freedom of customisability is mostly a rewarding feature for many e-commerce businesses. While the subscription-management service handles all of the complex features, customers have the liberty of using the app’s interface to manage their subscription choices with ease so there aren’t any set product-based subscription plans.
It keeps customers updated about subscriptions: Via emails and pop-up notifications about subscription packages and invoice details, Subify will keep your customers updated about the latest features that have been introduced. Such prompts encourage customers to opt for more subscription plans that help in the growth of e-commerce companies.
Why did Subscription Management Software integrate with Shopify?
The integration of Shopify with subscription-management software has opened up doors for various benefits which enhance user experience. It makes things easier by having compliant safety and security with the added benefit of providing customers with insights through its analytic tools. It will help them make empirically backed decisions to assist with their management processes. The strategies can be implemented to reduce churn and even increase customer retention once the subscription process begins. Such a seamless procedure is assisted by Techloyce which ensures an error-free integration process.
