Why Spree Commerce Should Be Used by Subscription Businesses for Their Ecommerce Solution
Subscription eCommerce implies that the products from your online market are regularly purchased and by those who have chosen subscription options. As per Fuel y McKinsey, the market size of the subscription eCommerce is about $12 to $15 billion. Spree commerce development supports businesses in setting up subscription eCommerce either via payment processors like Stripe or by integrating with SaaS subscription platforms like Chargify. Any web application development company that works with Spree Commerce will be able to guide & build you the right subscription marketplace.
Subscription eCommerce is usually segregated into 3 categories:
Replenishment Subscriptions that offer regular, recurring deliveries of various consumable goods like pens, ink cartridges, etc.
Curation Subscriptions offer a selected range of products mostly recommended by experts in the industry.
Access subscriptions provide any additional perks only if the customer has purchased a membership.
Using spree commerce development services for the subscription business model can prove to be highly scalable. Spree Commerce can build an attractive market place to offer benefits to consumers and a personalized store to owners. Owners can leverage customer retention and better engagement opportunities through Spree subscription sites.
Examples of industries or brands that leverage Spree Commerce for subscription eCommerce:
A wellness startup Feals offers its customers a 30% discount on premium products at every order if they choose monthly subscription services.
Blue Bottle Coffee sells subscriptions as a Gift subscription option. You can print the gift certificate and mail it to anybody you want. About 200 recipients can be chosen, so it works well when it comes to corporate gifting.
Another brand Hundred, a digital health company, takes a survey to understand the client’s requirement and offers two different payment plans during checkout. First, a monthly subscription that offers a 15% discount or secondly, a 3-month prepaid subscription that can be adjusted at any given point of time
How can Spree Commerce contribute as a subscription eCommerce platform:
Spree has in-built subscription options leveraging various different types of payment processor API.
Launch advanced subscription functionalities like multiple pricing plans, pro-ratings, trial periods, etc, with 3rd party subscription SaaS platforms.
Availing spree commerce development services to create a right subscription eCommerce platform is a wise decision because Spree let’s easy installations of all the 3rd party apps that are required for your store. If you want to build your own platform, get in touch with W3villa technologies, a Web Application Development Company.