Subscription models are widely preferred by consumers owing to its regularity and simplicity. For store owners, it improves the scope of their business model, with the assuring prospect of recurring income. Subscription models are everywhere with diverse products and services, ranging from books to SaaS, being offered to paying customers. It might be an appealing prospect to start a subscription business on your WooCommerce store. However, you might face several practical hassles when you actually try this out. In this article, we will look into some strategies that will help you overcome the challenges of a subscription model. When using WooCommerce Subscriptions plugin, you should be able to maximize your customer satisfaction and profitability by following these tips. Before starting, you can familiarize yourself with the WooCommerce subscription model here.
Woo Subscriptions
As we have seen, subscriptions provide recurring revenue. This WooCommerce Subscription extension helps you create and manage subscription products in your store. You can assure yourself a steady, regular income and simultaneously create better customer experiences. With this plugin, you can create multiple subscriptions for products (physical and downloadable) and services. You can create weekly, monthly or annual subscriptions based on the specific requirements of your customers. You will be able to set up subscription expiry dates, offer trial periods and charge sign-up fees.
YITH Subscription
With YITH WooCommerce Subscription extension, you can create any type of subscription product from magazines to vegetables to educational courses. The advantage is that this one is available for free download in the WordPress plugin directory. Of course, the advanced features may be lacking, but the free version will help you feature subscriptions on your store. With this plugin enabled, you will have a regular income and a firm grip on your business growth.
You can create unlimited subscriptions for physical products, downloadable products, and services with the help of this plugin. You can set a renewal period of ‘daily’ or ‘monthly’ for the subscriptions. The maximum time limit that you can set with this plugin is two years. Your customers will have the option to cancel the subscriptions from their PayPal account.
Subscriptio
Another popular solution to handle subscriptions on your WooCommerce store is Subscriptio. It helps you set up diverse subscriptions on your site with the convenience of recurring payments. You can create simple and variable subscriptions with this plugin, and easily configure subscription terms, free trials, upfront charges, etc. Also, it offers options to send reminders and warnings to customers, when payment is due or if they have missed payment altogether.
Subscriptio is a fairly popular option to set up subscriptions on your WooCommerce store.
The Subscriptio plugin offers the flexibility to customers as well as shop owners to pause, resume and cancel subscriptions. More importantly, it gives control to store owners, who can decide to not provide these options to customers. Store owners can also define the length of billing cycles and the maximum length of the subscriptions. Also, you can define the length of the trial period according to your store strategy.
Reference Blog
https://www.gomahamaya.com/woocommerce-subscriptions-plugins/
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