Build A Recurring Income Business With WooCommerce Subscriptions
Is your business’ eCommerce website on WordPress? If yes, then your most likely using WooCommerce. WooCommerce is a great tool used to turn your business’ website into an online store. However, did you know that you can get even more for your business by using WooCommerce? They have a bunch of extensions to offer, but today we are going to talk about the WooCommerce subscription extension which can convert your online store into a subscription eCommerce website!
WooCommerce subscription extension allows you to create and manage all your recurring payments. Before you get this extension you should also have the WooCommerce membership plugin installed. With the subscription extension, you can have recurring payments from every week to yearly.
Why WooCommerce Subscriptions?
There are other alternatives to the WooCommerce, like Shopify that you can look at. However, WooCommerce offers more through the use of plugins and extensions. By choosing the WooCommerce subscription extension, here are some features you should know:
- Integration with a number of payment gateways
- Gives more freedom to users
- Provides a detailed report about your store
- Sends notifications and automated emails on completion of payments
- Allows to add multiple websites
Something to note is that this extension isn’t used for recurring payments with an instalment plan.
How to builda business with WooCommerce Subscriptions?
Plans for Membership
A popular use of the WooCommerce subscription extension is to create a subscription-based membership, where uses will pay to get access to benefits or extra features that other users won’t have.
To try and gain more for your business, you can set up some products/services that have a free trial period. By doing this you are letting your customers try something before making the commitment to the subscription. This instils confidence in your customers that you believe in the product/service you are selling and aren’t trying to trick them into signing up.
The downside to this is that there is a change that users might not return to buy the product after trying it.
Discounts on Popular Products
Who doesn’t love a good offer? By sacrificing a small portion of your profits to increase the number of sales, is a small price to pay. A good offer will help to make your customers extremely happy and will spread the news to bring in loads of new customers.
One of the best ways to make the most of the WooCommerce subscription extension is to use it for recurring services. For example, a website hosting service. You encourage your users to buy a service at a fixed price for a fixed amount of time.
By using the WooCommerce subscription extension for your business eCommerce website, you can get the most from your uses and increase the income that your online store takes in. Having a subscription service available for your uses will strengthening your customer relationship, as this isn’t a one of purchase. So why not make the most of your online store.