How The e-Commerce Model Will Help Your Business
The demand for subscription services in the e-commerce industry has increased in the past few years. It is expected that it will be reached US$ 478.2 billion by the year 2025. Regarding subscription-based eCommerce, it is a business model that charges customers a monthly or yearly fee to access a service or product. The central part about them is that they are more secure. These subscriptions are available in different forms. Some offer discounts (such as subscribe & save), memberships to retailers (e.g., Walmart.com and Amazon), and purchasing specialty products or boxes from boutique brands. Now the question is why it is becoming more popular amongst consumers. Here's Why Subscription-based E-commerce Model is in Vogue. Types of Subscription-based E-commerce Model Generally speaking, we can divide Subscription-based E-commerce Model services into replenishment, access, and curation. In replenishment, you will get similar items. On the other hand, it is a curated collection, a