What is monetization?
Summary Monetization transforms a digital activity ๐ป into money๐ฐ. In a subscription business, monetization generates additional bookings from existing customers. For example, we can monetize:...
How to Monitor Your Business in Practice? – Part 3
In the first part, we created a monitoring table for a monthly subscription business and reconciled Acquisition and Retention. In the second part, we adapted...
How to Monitor Your Business in Practice? – Part 2
In this second part, we discuss the case of annual and paid subscriptions. It is necessary to have read the first part of the article before continuing....
How to Monitor Your Business in Practice? – Part 1
Online businesses are easy to monitor due to their digital nature. This is an advantage to exploit to ensure its health and detect any drifts...
In a subscription business, what is the difference between Booking and Revenue?
Summary Booking is the money counted at the time I received it.Revenue is the money counted at the time the service is realized or product...
Early Bird Offer and Subscription: Is it a Good Idea?
Summary In a recurring business like subscription, Early Bird aren’t useful for acquisition. In retention, specific CLV conditions must be met to make them relevant....
What is Tenure and why is it important?
Summary A subscriber’s Tenure measures the length of time they have been a subscriber ๐ถ๐จ๐ฆณ. It is a measure of loyalty. Used as a segmentation...
Acquisition & Retention: Which comes first? Who leads whom?
In a mature business, Acquisition serves Retention. Retention dictates the target volume of new customers and specifies their ideal characteristics....
What are “Subscription Traps”? How to spot them?
Some merchants use Subscriptions to trap customers and take as much money as possible. Unfortunately, the bad practices of some discredit the model....
Should I encourage my subscribers to use my service?
Summary Encourage subscribers to use all benefits and features unless the marginal cost is high. Higher service usage leads to higher retention and upsell rates.๐...