Selling products on a subscription basis lets you get regular payments and monitor your income growth month by month.
This has become the most popular business model in recent years: users pay for a subscription – typically weekly, monthly or annually – to use software, to access training courses, to read a magazine, to get unlimited access to an archive of useful resources (like the audio file library offered by Amazon Audible or sites with photos stocks) or to benefit from a hosting service. But this applies also to gyms, video games, libraries, consulting or coaching services, legal advisory etc… It’s a winning business model that suits most of the products or services available for sale.
Thanks to the full integration with YITH WooCommerce Membership, you will be free to create subscriptions for online products and give exclusive access to those who purchase them, like video courses, monthly podcasts, etc.
The trial mode will let your customer access your products for free and for a limited time: you can ask them to register in your shop (an effective way to build a good mailing list) and increase conversions: it’s easier to push customers to buy after they could test the strengths of your product by themselves.
Additionally, the reminder system that is included in YITH WooCommerce Subscription will prompt your customers to activate or renew their subscription.
Automatic charges on renewal orders are available with the following payment methods: PayPal standard, YITH WooCommerce Stripe Premium, YITH WooCommerce Stripe Connect Premium, YITH PayPal Express Checkout for WooCommerce, YITH WooCommerce Account Funds Premium and WooCommerce Stripe Payment Gateway.