Subscription Service
A subscription service is a business model where customers pay a recurring fee to access a product or service. This can include various offerings, such as streaming platforms for movies and music, subscription boxes for curated goods, or software that provides ongoing updates and support. Customers typically enjoy the convenience of regular deliveries or access without needing to make individual purchases.
These services often operate on a monthly or annual basis, allowing users to budget their expenses more effectively. Many subscription services also offer free trials or tiered pricing to attract new customers. This model has become popular due to its flexibility and the value it provides to consumers.