Wednesday, June 12, 2024
Ad - Web Hosting from SiteGround - Crafted for easy site management. Click to learn more.
HomeESPsEpsilonExtending loyalty through subscriptions and ecosystems

Extending loyalty through subscriptions and ecosystems

Subscription models are booming in the loyalty economy, with 6x growth in the last nine years. Consumers are offered convenience, discounts, exclusive products, and services, while brands gain a consistent revenue stream, customer loyalty, and digital engagement. Building a subscription model involves four stages: ideation, planning, validation, and evolution. To win, loyalty initiatives must switch from siloed approaches to connected offerings, with loyalty ecosystems connecting brands through a central web. To maintain success and avoid subscription fatigue, brands must focus on delivering value to their customers.

Excerpt from the main article:

BLOG By: Nicole Shahid | January 25, 2023 “Economy” and “booming” aren’t two words you would expect to see scrawled next to each other in recent headlines. But when it comes to the loyalty subscription economy, it is in fact booming. There is a subscription service for every consumer need and want—from Netflix and HelloFresh to Ipsy and Coursera Plus. Fueled by rapid adoption from younger generations, subscription models have found 6x growth in the last nine years. As Epsilon Senior Director of Strategic Consulting Lauren Wawrzyniak puts it, “subscriptions come back to convenience and predictability.  Younger generations and consumers alike

Extending loyalty through subscriptions and ecosystems was originally published on EPS US – Blog

Richelo Killian
Richelo Killian
Richelo "Rich" Killian has over 30 years of experience in the information technology field, and more than 15 years of experience in email deliverability and marketing.


Please enter your comment!
Please enter your name here

- Advertisment -
Ad - Managed WordPress Hosting from SiteGround - Powerful, yet simple to use. Click to learn more.

Most Popular

Recent Comments