Subscription Business

5 Successful Subscription Businesses and What to Learn from Them

The world is changing, and so should your approach to your goals.

We recommend helpful products in our articles. Read our full disclosure here. The content on this website is not intended to be a substitute for professional advice, diagnosis, or treatment.

The post-modern world has entered an ‘as a service era, and subscription businesses are booming with each passing second.

Whether pet food deliveries, razor blades, or television streaming services that serve your regular shows, subscription-based business models can be found anywhere and everywhere.

The shift from moving away from buying services and products on an ‘as-needed’ basis to buying the former and the latter every month has become the new normal.

Many subscription-based businesses have claimed that this service has improved customer relationships and helped build trust between the two parties.

Since subscription businesses provide customers with access rather than ownership, the world of business opportunities has experienced rapid growth and provided new employment opportunities to individuals.

Many business owners have started utilizing this new business opportunity, and even employees have found themselves subscribing to this business model.

However, like other business models, subscription business relies heavily on recurring customer responses and demands for providing long-term value with consistent engagement from the customer’s side.

To reach such a level, subscription business owners need to understand their customers’ needs and expectations while modifying them every month.

Are you worried?

Don’t be!

Here is a list of 5 successful subscription businesses that are facing the field and giving lots of inspiration!

 

Dollar Shave Club

 

Dollar Shave Club delivers male shaving razors to the customer’s doorstep every month.

They also sell items like hair gel and aftershave by providing only three popular razors in demand.

After successful payment for a subscription, Dollar Shave sends out a box containing blades, shaving products, and shampoos.

The company also offers its customers to have their boxes customized depending on their preferences.

Dollar Shave intentionally sticks to replenishment box subscriptions.

A replenishment box subscription means that instead of promising not to send the same items to their customers repeatedly, it restocks the customer’s preferences automatically through a schedule set by the customer.

Their marketing strategies are in line with the latest trends, and for a shaving company, Dollar Shave surely goes out of its way to advertise the $5 monthly recurring subscription for their product.

Moreover, loyal subscribers of Dollar Shave can also give each other free products, increasing brand transparency and awareness to the general public.

Dollar Shave Club, with over 2 million subscribers, stands up as an example for anyone looking to set up a subscription business.

 

Amazon Prime

 

Amazon’s supremacy over online business raises no eyebrows.

Almost everyone is well familiar with the U.S. tech giant as it proudly holds its position in the list of companies with one of the world’s largest subscription services.

Amazon Prime membership allows the customer to access Amazon’s movie and TV content.

Those who are active subscribers of Amazon Prime will know the huge benefits they enjoy.

Their ‘Subscribe and Save’ service allows customers to enjoy free shipping to one-day delivery services—all at the cost of a few bucks.

One of Amazon’s categories, Kindle Unlimited, has more than 3 million subscribers, which keeps increasing due to its up-to-date subscription services.

With over 200 million subscribers across the globe, Amazon makes sure that customers’ needs are dealt with efficiently.

Their contemporary marketing skills and constant focus on strengthening customer relationships have pushed the company ahead of its rivals.

 

Webflow

 

Creating websites has only been easier once the world discovered Webflow.

This web-based drag-and-drop tool helps its subscribers build attractive, responsive, and flexible websites and apps to make their tasks easier and cheaper.

Unlike most companies, Webflow allows users to build their website for free until it is ready to launch.

This feature sets the user free from the fear of impending subscription payment, and they find themselves at the liberty of building their website without worrying about a specific timeframe.

However, if a user wants their website to go live, that’s when they will be expected to pay.

Webflow is a success in the subscription business because it has emancipated the user from having any prior UX and UI expertise for building an app or a website.

Their user-friendly designer tools and CSS and JavaScript have allowed users to create aesthetic animations without learning complex codes.

You can also design your templates and easy-to-read pay stubs with their paystub generator.

With their basic plan costing as cheap as $12, Webflow is gaining an overwhelming number of subscribers due to their up-to-the-minute subscription services.

 

Netflix

 

The largest subscription company of the 21st century is Netflix.

As this debate remains undisputable, there are over 225 million Netflix subscribers worldwide.

Its incredible subscription services have pivoted its growth to an unprecedented level, and with offering movies and seasons in different languages, the rate is well expected to grow.

With the rapid inclination towards TVs with Netflix, their marketing campaigns identified this new development.

Almost every household in the U.S. and Canada has a TV with Netflix, so Netflix introduced ‘Netflix for Kids.’

Everything possible for a child’s entertainment, be it poems, movies, or educational programs, can be found in this section.

According to tech experts, Netflix’s library contains over 40% of original titles, which is the major reason for its popularity.

 

ClassPass

 

Very few companies recognize a societal problem and offer solutions, and even fewer come up with better solutions.

Talking about subscription businesses, ClassPass is an excellent example of a business that made people’s lives easier.

Offering a monthly-based subscription to more than 30,000 fitness studios, people are now turning to ClassPass for trying different gyms rather than confining themselves to only one.

Anyone from a scale of ‘gym junkie’ to ‘simple workout’ can access multiple fitness centers offering many gym classes.

Ranging from $15 to $199, anyone can avail of their services for a few dollars.

The world is changing, and so should your approach to your goals.

With thorough research and the right skills, anyone who is ambitious to upgrade their lifestyle and make people’s life easier can start their subscription business models, and who knows, the world might see the next Jeff Bezos!

Co-authors at ShineSheets.com

"We love to research problems, examine studies, analyze solutions, and share with you ideas that make life healthier. You can learn about us and our editorial standards here. Have suggestions or feedback to share? Send us a message!."

We care about your opinion.
Share your thoughts about this topic in a comment below.

Leave a Comment

*To keep the discussions friendly and spam-free, your comment will be visible here as soon as it's approved by our moderators. Thank you for commenting!

Leave a Reply

Your email address will not be published. Required fields are marked *

4 Simple Ways to Improve your Chances of a Promotion

Think it’s about time your boss offered you a promotion?

How To Become a Freelance Writer With No Experience

No experience? No problem.

The Trends In Office Romances Are Changing, And The Statistics Look Bleak

The dating landscape is different now.

How To Improve Writing Skills For Students

Do you dream of becoming a great novelist?

4 Fantastic Careers to Go Into if You’re a Huge Disney Fan

If you’re an aspiring Disney fan, there are quite a few career options that will bring you within its hallowed halls.

How to Keep Yourself Safe During Travels (Especially If You’re a Student)

Even when you’re relaxing and having fun, always take the necessary steps to protect yourself and those around you.

6 Highest Paying Nursing Career Options

Deciding to get a degree in nursing or the medical field can be a smart decision.

7 Ways To Achieve a Healthy Work-Life Balance

Are you still working after work?

8 Reasons to Study Psychology

Psychology is fascinating... And helpful!

Free Student Planner Printable: 15 Helpful Pages For Your Studies

It has everything you need to crush your semesters with force!

3 Technologies For Business Owners That Can Drastically Improve Efficiency

It can be difficult to know where to start, but we got your back.

15 Tricks To Help a Student Find Motivation

The good news is that motivation can be generated.