Glossary
Subscription Commerce
Subscription commerce for B2B SaaS encompasses all of the technology and processes that power the sale of digital products on a recurring basis, from sales operations to marketing, to product delivery and deployment, to vendor management, to customer support and lifecycle management, and much more.
The subscription commerce model delivers a range of benefits. Sellers get a consistent, recurring revenue stream, which provides an easy way to forecast cash flows and budget, lower administrative costs, and drive higher business valuations. Buyers, on the other hand, get a consistent, recurring cost, which gives them an easy way to better plan and budget for the solutions they need while lowering the cost of new applications.
Unlike subscription billing software, which only manages one aspect of subscriptions—billing—a subscription commerce platform can accommodate all of the complexity of B2B SaaS subscriptions and deliver a better customer experience.
Does Your Company Offer Subscription-Based Digital Products?
Is Your Business Ready for Subscription Commerce?
As B2B subscription commerce gains greater traction, your market could get disrupted if you don’t take action to monetize some or all of your offerings using a subscription model. While the biggest risk is not moving fast enough to embrace the subscription commerce opportunity, you still need to make sure your company is prepared for the fundamental changes the new business model requires.
That’s because creating a successful subscription commerce business involves much more than a new pricing scheme. Below are the six critical readiness factors to consider as you make the leap.
- Subscription-Ready Products and Services
- Pricing
- Customer Experience and Relationship Management
- Customer Service and Support
- Sales Strategy and Compensation
- Ecosystem
For a deeper dive into each of the factors, read how to access your readiness for subscription commerce.
7 Lessons from 10 Years of Subscription Commerce
We’ve gathered our collective knowledge from a decade of working with clients around the world to help them make their vision a reality. The result is a list of the top lessons companies have learned about how to go from zero to hero with a new subscription offering, which includes:
- Saying goodby to your comfort zone
- Work well with others from day one
- Pay close attention to external dependencies
- Aim to fail fast
- Give your B2B customers the consumer-like experience they crave
- Grab every opportunity by empowering your marketing and sales teams
- Prepare for the journey
We're here to help with advice from a decade of working with customers around the world and key lessons they have learned about how to go-to-market with a subscription commerce strategy.
The Definitive Guide to Subscription Commerce
Subscriptions are everywhere and continuously growing. In order to succeed in today's digital economy, organizations need the proper systems and processes that are built for subscription commerce. Learn more about what subscription commerce is, how it impacts businesses, and how to start building a strategy for recurring revenue for your organization, or scale one that you already have.
