Essential Advantages and Benefits of Subscription Model-Based Business

  There is no doubt that credit cards have made it convenient for people to make purchases online and in store while offering valuable rewards and benefits in return, but he increased use of credit cards has led to a phenomenal surge in the number of e-payments that needs to be processed. This rise has also led to some challenges and risks for businesses and customers too. Even the software as a subscription (SaaS) business have not been left untouched from its effects. Some of the word’s subscription businesses dread the most are “declined,” “insufficient money,” and “invalid card number” with the driving force of them all being declined credit cards. As per the recent survey, the major contribution in the churn rate of any B2B subscription business is the credit card decline. If you’re facing similar issues for your business, you’ve come to the right place. In this article, we’ll explore how to deal with declined credit cards and recover lost revenue. But first, let’s drive into ...

Retention Rate is one of the key metrics that help businesses identify their success. It brings in a steady stream of revenue for businesses without having to put in a lot of resources or make hefty expenditures. Today, we will explore a few strategies that can help you retain your customers for longer periods and consequently add value to your revenue. What is the customer retention rate?  Retaining pre-existing customers is one of the essential tasks for any subscription business. They must devise strategies to ensure that their customers have a high lifetime value and are retained for as long as possible. For eCommerce, customer retention is the practice of extracting additional value from their customers by increasing their repeat consumption rate. The goal of eCommerce customer retention practices is to ensure that the customer continues to make purchases with your business and are satisfied with the services. Customer retention rate is the rate at which the customers tend to ...

  Making sales and generating revenue are both significant yet challenging tasks for any organization. However, to address the same issue, the term,   RevOps (Revenue Operations)   has gained quite a hype in tech, and its popularity is growing at an astronomical rate. It has quickly surpassed the various trending terms in popularity. RevOps is a strategy to better align the organization; it is not a function. It is the operating approach for generating effective, predictable income. However, it is entirely a new term in the environment of sales and holds much confusion about its role among the masses. Businesses constantly seek revenue growth, and after a period of flat or declining revenues, this demand intensifies. In reaction to favorable economic conditions, sales and marketing teams scale their efforts to accelerate growth through a number of particular initiatives. What is meant by “RevOps”?   Revenue operations are the process of managing revenue transactions....