Customers are often hesitant to sign up for a subscription service. They worry about being charged every month without being able to unsubscribe, or they’re not sure what they’ll be receiving each month. Managed subscriptions are the answer.
Subscription management gives customers all the benefits of a subscription, but with more control over how it works for them. You can have your customer’s card automatically charged on the day they subscribe, at the time of their choosing during each cycle, or when an item is shipped. Learn how to manage your subscriptions today!
How managed subscriptions work
Managed subscriptions are one of the best ways to make sure your customers get what they want and when they want it. A managed subscription is a recurring billing strategy that means that you can charge your customer on their credit card every month, so long as their order is in good standing.
Each month, you are charged a fee and sent a notification. You can also choose to send one particular email or even set up an automatic email message every day that will notify your customer when it’s time to pay. This makes it easy for customers to manage their subscription stream and control how often they pay each month.
Benefits of managed subscriptions
As customers come to understand their subscription options, they become more likely to choose a managed subscription. That translates into better customer service and more revenue for you. Here are four great reasons why managed subscriptions are a good choice:
- You can access your subscriber’s account 24-7, and if they ever need help or support they can do it from anywhere.
- Your customer service team is always available to answer their questions on any channel.
- A single point of contact allows you to meet all of your subscriber’s needs with one place for all of your business’s products and services at one convenient time of day/month/year.
- You can have the ability to control what goes in and out of your subscriptions without having to worry about manual billing or other complications that typically come with managing subscriptions manually.
Managing subscriptions for your customers
Managed subscriptions give you more control over how your customers subscribe to your service. You can set recurring billing, which automatically charges the customer’s credit card each time they add an item.
You also have more flexibility when it comes to when and how the subscription will be charged. For example, you can use a pre-determined number of days to automatically charge the customer on their next billing cycle. To manage this type of subscription, you’ll need to choose a recurring payment method that is easy for your customer to understand and get comfortable with.
Conclusion
Subscriptions are a big part of the modern marketing landscape. The main purpose of a subscription is to provide the customer with a value when it comes to their service. By managing your customers’ subscriptions for them, you can make sure that they are getting the best possible value for their money.
