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