{"id":1139,"date":"2025-05-16T21:07:57","date_gmt":"2025-05-16T21:07:57","guid":{"rendered":"https:\/\/belbolcpa.com\/blog\/?p=1139"},"modified":"2025-05-16T21:07:58","modified_gmt":"2025-05-16T21:07:58","slug":"turn-your-business-into-a-subscription","status":"publish","type":"post","link":"https:\/\/belbolcpa.com\/blog\/turn-your-business-into-a-subscription\/","title":{"rendered":"Turn Your Business into a Subscription"},"content":{"rendered":"\n
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Why would you want to turn your business into a subscription? Not all businesses can do this, but here\u2019s why and how to get started.<\/p>\n\n\n\n

Subscription Defined<\/strong><\/p>\n\n\n\n

A subscription-based business model is one where a customer or client pays a fee periodically for a service or a product. For example, Netflix charges a monthly fee for customers to access a database of shows and movies and your gym charges you each month for access to its facilities (whether you use them or not).<\/p>\n\n\n\n

Why a Subscription?<\/strong><\/p>\n\n\n\n

The main reason for a subscription is to create a steady, predictable stream of revenue that can often be paid for on a monthly or yearly basis and usually in advance. This helps to even out the ups and downs of cash flow that virtually every business experiences during the year.<\/p>\n\n\n\n

How to Get Started<\/strong><\/p>\n\n\n\n

Take a look at the services and products your business offers. Is there a way to offer some or all of them on a subscription basis instead? Examples can include a medical professional offering concierge medical services for a monthly fee, a contractor offering an ongoing maintenance agreement, an attorney offering a subscription for access to legal advice, and a product-based business delivering its products on a monthly basis.<\/p>\n\n\n\n

Caveats<\/strong><\/p>\n\n\n\n

Not every business lends itself to this type of business model, especially one that delivers a one-time service or product. However, there may be some aspects of a business that can offer subscription-based services or products. It is also usually harder to get customers to sign up for a subscription vs. a one-time fee. Lastly, you need to be aware of churn, which measures the amount of customers who cancel each month, such as a gym member canceling their membership.<\/p>\n\n\n\n

If you know a business owner who can benefit from our services, then we would appreciate your referral.<\/em><\/p>\n\n\n\n

And if you like what you just read, then don\u2019t hesitate to forward to your friends, and\/or click \u201cLike\u201d on LinkedIn!<\/em><\/p>\n\n\n\n

Make sure to subscribe to our weekly emails to receive practical business, financial and tax strategies! <\/strong>Sign Up Now!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Why would you want to turn your business into a subscription? Not all businesses can do this, but here\u2019s why and how to get started. Subscription Defined A subscription-based business model is one where a customer or client pays a fee periodically for a service or a product. For example, Netflix charges a monthly fee […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[287,2,3,208,247,7,8,17],"tags":[],"class_list":{"0":"post-1139","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-accounting","7":"category-budgeting","8":"category-business","9":"category-economy","10":"category-employees","11":"category-expenses","12":"category-financial","13":"category-self-development","14":"entry"},"_links":{"self":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=1139"}],"version-history":[{"count":1,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1139\/revisions"}],"predecessor-version":[{"id":1141,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1139\/revisions\/1141"}],"wp:attachment":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=1139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=1139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=1139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}