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. Subscribers typically enjoy benefits like convenience, exclusive content, or discounts.
These services often operate on a monthly or annual basis, allowing users to cancel or modify their subscriptions as needed. Popular examples include Netflix for entertainment, Spotify for music, and Adobe Creative Cloud for design software. This model provides predictable revenue for businesses while offering flexibility for consumers.