eCommerce Subscription Model- Best for Small Businesses

The cost of creating an eCommerce website is sky-high and it also requires technical know-how. If you want to start your eCommerce store, the subscription-based model is the best one you can go with.  An eCommerce subscription model is one that charges customers a small recurring fee to manage their Online Store—usually monthly, quarterly, half-yearly, or yearly.

What is a Subscription Model?

A subscription is a place where you pay a small fee (monthly) to the service and in return, they will provide you a software to create the website. You don’t need to worry about the technical things, server, or anything else. You can pay the subscription and start selling your products within a few minutes. A subscription model creates powerful bonding with its customers and reliable revenue sources

How covid affected small businesses?

The global pandemic has affected a lot of small businesses. People are preferring to shop online rather than going to the store. Even the eCommerce stores have started no-contact delivery where the customers don’t even have to sign after the product arrives.

Physical store owners are getting roughly 30 to 50% fewer customers. With that being said, it’s necessary to maintain the cash flow as well as sell online. In such cases, the subscription-based eCommerce model is the best resource you can use.

Benefits of Subscription Model

Now, let’s have a look at some of the benefits you will get if you go with the subscription-based model.

• No need to pay the huge costs of an eCommerce website. You can easily get started at a very affordable price.
• You can cancel your subscription anytime you want. In some cases, you will have to pay the fee annually. In such a case, you can keep the site open till the end of the year.
• All the technical things will be handled by them. You don’t need to code the website and neither you will have to worry about the server.
• eCommerce platforms like MoreCustomersApp allow you to change and customize the store as per your requirements.
• You will have access to all the analytics and see the reports with few clicks.
• Subscription is just like hiring a small team that will handle all the technical things for you. The only difference is that the subscription charge is as small as hiring a fresher instead of the entire team.

 

Conclusion

To summarize, these are some of the reasons why you can use a subscription-based model. Later on, you can surely move to the custom website once the cash flow is good. If you spend a lot of money on the website initially, the entire cash flow will be disrupted and you will end up with no money for marketing. So, you can always go with a subscription-based eCommerce model.