AprameyaAIย โขย 1y
In 2008, Spotify launched a subscription-based music service in a world where people were still buying songs individually or, letโs be honest, downloading them illegally. Fast forward to 2024, Spotify now has over 550 million active users, with 230 million of them paying for a premium subscription. How did they get here? By nailing their subscription model. Here are the top strategies for building a successful subscription-based service, inspired by companies like Spotify: 1. Start with value โ People wonโt subscribe just because itโs a subscription. Offer real value that makes their life easier, better, or more enjoyable. 2. Freemium model โ Give users a taste of what theyโre missing. Offer a free tier, but make the paid version so irresistible, theyโll want to upgrade. 3. Focus on retention, not just acquisition โ The real money is in keeping your subscribers, not just getting them to sign up. Provide consistent value to keep them hooked. 4. Personalization is key โ Make your service feel tailored to each individual. Whether it's customized playlists or personalized recommendations, people love feeling understood. 5. Build a community โ Create a sense of belonging around your service. People are more likely to stick around when they feel part of something bigger. 6. Offer flexibility โ Make it easy to sign up, easy to upgrade, and just as easy to cancel. Ironically, this flexibility often builds trust and long-term loyalty. Spotify didnโt succeed because it was the first streaming serviceโit succeeded because it mastered these strategies. Your subscription-based service can do the same. I'm implementing the same at AprAi
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Medialย โขย 9m
In 2015, Apple tried to crush Spotify with brutal tactics. They had all the powerโbillions in cash, the App Store, and millions of loyal users. But Spotify didnโt back down. Instead, they launched a counterattack so bold, it changed the rules of t
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Hack Used By Startup #7 How Spotify Turned Scarcity Into Hype in His Early Days with an ----!! The Problem: When Spotify launched, it needed to create buzz and manage the initial influx of users to ensure a smooth experience. The Idea: Spotify laun
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Pricing is the core of your SaaS offering. Itโs crucial to handle well, but it needs to be done right. What makes a pricing section nearly perfect? ~ Clarity and Simplicity: Display pricing and features clearly with easy-to-read layouts. Avoid conf
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If I were to offer 1 GB of data at โน5, with no expiry, and similar plans for higher data amounts at a hotspot location, would this model appeal to consumers? Is there a market need for such a service, where data affordability and flexibility are prio
See MoreEntrepreneurย โขย 10m
My Business Idea โ "Carwash" ๐โจ I am starting a new business called "Carwash", aimed at providing professional car washing services right at your doorstep. Our service will offer subscription plans, allowing customers to choose a plan that suits th
See MoreHistory always repea...ย โขย 10m
๐ก Business Idea: Cat Food Subscription Service ๐ฐ ๐คฏ Subscription services for pet food and treats, though not entirely new, are shifting from unusual to essential and in demand. ๐พ In China, demand for pets is growing, especially among young peo
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