Today our lives are being impacted heavily by the information and communications technology (ICT) and many people can hardly imagine their lives without phones, tablets or other gadgets. With today’s technology, it has made subscription business models so easy and appealing, but if done right it becomes successful and a powerful tool for growth.

Subscription can be defined as an advanced payment made to receive or participate in a particular thing. So a subscription business model is a business model or idea that charges customers a certain fee to gain access to a particular product or service.

Examples of subscription business model

Airline subscription model: Wakanow, Mayfair travel Nigeria, travel center UK, etc.
In-home fitness: mirror, tonal, fitbit, etc.
Gaming: Xbox, PlayStation, Gaming sites, Betnaija etc.
Health & Wellness: Happify, Hospital programs or services, HMO etc.
Education & Professional Development: LinkedIn learning, Shaw Academy, Coursera, Udemy, P4PE Institute, HubSpot, etc.
Home Maintenance: CXALL Facility Management Company, Handy, etc.
Entertainment – Films, Shows & Documentaries: Amazon Prime, Netflix, Spotify, Apple Music, YouTube, etc.
Consumer Electronics: GoPro, HackerBoxes, etc.
Software as a Service(SaaS): Adobe
Monthly subscription boxes: Telecom networks, Networking Agents/ companies, Wi-Fi subscriptions, HubSpot, Gym etc.
How to Start/Grow a Subscription Business Model... https://podlancer.com/subscription-business-model/