Selling Psychology | Why Subscriptions Are So Different and How to Win with Them
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Most ecommerce brands take the same approach for subscriptions as they do one-time purchases, but that doesn't work. In this week's dose, Matt explains how subscriptions are different and what...
show more00:00 How you can do better at subscriptions
01:20 The typical e-commerce tactic: facebook ads and email
02:35 Why the typical approach doesn't work for subscriptions
04:09 An example of how CAC and LTV work together
05:30 Why subscription CAC is typically higher
07:17 How the end of subscriptions will change how you acquire subscribers
08:42 The most common reasons for churn on subscriptions
11:35 Understanding what people value will improve conversions
13:40 What too much product can really mean
16:30 Can you develop an offer that is better for you and the customer?
18:25 How subscriptions add both complexity and insight into the purchase experience
https://www.linkedin.com/in/holman-matthew
https://twitter.com/subscriptiondoc
Subscribe to my newsletter: https://thesubscriptiondoc.com
Information
Author | Matthew Holman |
Organization | Matthew Holman |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company