With the increasing amount of companies taking their business away from traditional high-street stores, we’re seeing an upward trend of eCommerce being THE WAY TO SHOP. For this reason, people are looking for the perfect shopping experience. Sure, Amazon is great, and you should dive in and take your share of their £185 billion revenue.
But who wants to put their whole business in the hands of a big corporation? Instead, smart business owners are looking to form long-term relationships with stores that they can trust, and small businesses are getting rewarded for this shift in buyer preferences.
In this article, we’ll explore the ins-and-outs of subscription eCommerce and then delve into the 10 best eCommerce platforms for subscriptions and membership.
What is Subscription eCommerce?
eCommerce is one thing – selling your products online, but eCommerce subscription is a whole new business model. Businesses offer subscription-based eCommerce for consumers to regularly receive goods (either digital or physical). For example, consumables that are required regularly, like shampoo, wine or socks. Subscription services can also deliver digital goods, think of Netflix or Audible. There are a plethora of ways to offer subscription-based eCommerce products and services. Other examples of subscription-based eCommerce businesses are the Dollar Shave Club, Teabox and Ipsy.
With 79% of US customers stating that they would be more likely to buy if they were offered free shipping – you could offer FREE shipping as a perk of your online subscription platform. You must get creative and provide a subscription service that is both needed and useful and provides world-class products conveniently and at the best price.
What are the Benefits of Subscription eCommerce?
If you’re looking to get started in the world of eCommerce subscription then you need a robust eCommerce platform that supports your needs. One thing that’s amazing about starting a subscription-based eCommerce site is that you’ll be working with repeat custom (a lot) and this means that you can take advantage of the fact that customer retention (ie. Selling to repeat customers) is seven times more profitable than going out and attempting to acquire new customers.
You have the opportunity to build a relationship and talk to your customers regularly if they are members or subscribe to your website. You can then promote your other products to them, in a non-sleazy way of course. This equates to more sales and happier customers.
Cash-flow management is important in business and many businesses don’t know where their next income, lead or sale will come from. With the eCommerce subscription or membership model, you’ll be able to consistently know how much money will be coming in, allowing you to plan and make better business decisions.
1. Wix (£14.30 / month)
BEST FOR – Wix is a brilliant comprehensive web builder solution for complete beginners.
You can get up and running in a matter of hours with Wix because it is so easy. Wix also has a paid membership feature, that you can use to receive recurring monthly payments. This is a relatively new feature from Wix. You can make a custom membership section within Wix and show members pages that apply to their membership. This can be used for both digital and physical recurring subscription packages.
To get started you can sign up for a Wix account in seconds with your Facebook or Google ID. Then select the type of store you are starting, such as Electronics, Food & Drink or Beauty & Wellness. Setting up everything is easy with Wix. You get a free domain name, the hosting is all done on the site and they even throw in free logo design.