How to Build Your Own Subscription Service
The first step may well be the hardest – coming up with a good business idea.
You’ll need a product or service that people want, and that can be difficult to find. Once you have the idea, how do you get it out to the world?
Having a website created or building one yourself is not too difficult these days, but the engine behind the website that powers the subscription services needs to be strong and reliable. Rather than reinvent the wheel, it’s sensible to use a company that offers subscription as a service, such as Xion Global.
Using the platform’s subscription billing software, you’ll configure the parameters for your subscription service – the levels, the pricing, the frequency, and so on. Once it is live virtually everything will be automated, and you’ll need to concentrate on marketing your website and sending out the products or providing the services your subscribers demand.
The key to turning this into a billion-dollar business is the automation within the subscriptions and making sure that your marketing is targeted correctly.