The recurring payment model is no longer something of the future and is increasingly present in Brazilian companies.
This model has become an alternative to the economic crisis of recent years. And, therefore, it is important for many businesses to continue expanding and converting customers .
According to a report published in 2019 , there was an 18% growth jump in revenues for businesses based on the recurring payment strategy . Other business models, however, remained at the 4% growth margin.
In this article, we discuss this billing model in more detail, and how it can be implemented as a solution for your business.
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When can a company join recurring payments?
Offering the recurring payment uae whatsapp number data is adapting to the market reality that is increasingly favorable to this modality. However, to take this step, it is important to understand how this change will impact your business .
To do this, you can use strategic tools that assess your company’s current situation and provide information to implement this adaptation.
Factors you may want to consider include:
- Is your sales department managing to meet the established goals?
- Is the sales cycle longer than expected?
- Do you consider that your company is stagnant due to crises?
- Is your customers’ LTV ( Lifetime Value ) low?
- Does your business seem distant from your customer’s reality?
- Are your customers not returning after the first sales?
Which companies can use the solution on a recurring basis?
Despite the numerous advantages of sports marketing strategies that work subscription billing , there are many doubts about which companies can adopt this modality.
In general, recurring billing is more common among companies that offer services. However, there are ways to apply this method to retail or other market sectors.
It is important to understand the opportunities your business has for recurring payments, and you need to plan strategically. To help you make the decision to offer subscription payments, we have listed some opportunities that you can apply to your company . Check them out:
Recurring product box
One opportunity is to gather some of your b2b phone list best-selling products and offer them in a product box .
You can vary the types of products and offer the ones that sell best within your business . With this, the recurrence period can be set according to your customers’ replenishment habits.
One example is offering products that need to be replenished by your customers, such as pet food. You can also offer perks, such as discounts or product combos at below-average prices.
