SaaS stands for Software as a Service and is offered on a subscription basis
The benefits are quite obvious to customers: in exchange for their recurring payments,
they are given the ability to use the software while knowing that it is updated regularly and that they’ll gain access to prompt customer support.
From Drop Box and Adobe to mailing list providers like MailChimp and Aweber,
many of the leading brands have incorporated SaaS into their businesses and for good reason:
Doing so drastically increases their yearly income, while making it easier for them to provide value to their customer base.
Not ready to create your own SaaS product? No problem! You can still build recurring income in this industry by promoting useful products and services that your customer base could benefit from.
For example, perhaps you run a community focused on teaching people how to build a successful blow. You could create a training program that teaches them how to launch a successful website, while promoting the tools they need to get the job done.
This might include SaaS based mailing lists, hosting for their blog, or perhaps design and graphic tools, as well as plugins. The possibilities are endless when it comes to making money promoting a variety of recurring revenue products.
There are dozens of important tools you can easily promote within your own content to generate revenue.
And for every new customer you send their way, you’ll earn a recurring income from their ongoing payments. Win-win!
You’ve likely heard of the Dollar Shave Club as well as other subscription boxes that focus on health, fitness or cosmetics, just to name a few. These are growing in popularity every single day.
Here’s how it works:
Customers subscribe to a service and in exchange they receive a box or products every month.
This format works well because recipients not only look forward to receiving new products every month in the mail,
but they become part of a community of active users.
Most product-based subscription sites host groups and forums where people can discuss the products
and share feedback.Cosmetic lines promote their subscription boxes by asking users
to upload photos of them using their products and they create tutorials based on the different cosmetics included in the monthly offering.
The downside is that creating a physical product subscription program isn’t always the easiest business to launch as it will require coming up with products and packaging as well as shipping and distribution partners, but don’t overlook the possibilities. There may be a way to simplify the program so that it works for your business.
For example, an author who self-publishes books via Amazon KDP could create a subscription program where readers can sign on to receive a new book every month via their exclusive book club.
While an authormay not release a new book every month, they could easily send out some of their favorite reads, promoting other up-and-coming authors. The shipping costs would beminimal and it could even be automated through sites like Lulu.com.
How can you collect a physical product subscription wn your business?
It’s time to put that thinking cap on and see how you could take advantage of this profitable opportunity!
Tip:You could also combine a membership program with a physical product subscription plan.
For example, you could sell access to an online training program that offers guides, tutorials and videos and provide them with a physical copy of the course via a book.