The subscription model has revolutionised businesses' operations, offering a consistent revenue stream and fostering consumer and member loyalty.
At Bond, we understand the value of this model and have developed a versatile solution that can be tailored to suit various types of subscriptions, such as insurance products or certifications.
Bond’s subscription model is designed to be flexible and user-friendly, accommodating subscriptions that run either independently or parallel to a person’s membership. This flexibility allows organisations to offer various services and products, enhancing their value proposition and serving diverse customer needs.
For instance, an organisation could offer a membership subscription to access exclusive content, events, and other benefits. Simultaneously, the same organisation could offer independent subscriptions for insurance products or certifications. These additional subscriptions can provide added value to members, fulfilling different needs based on their specific circumstances or career stages.
One of the distinguishing features of Bond’s subscription model is the ability to purchase additional subscriptions at any time. This not only provides customers with the flexibility to choose what they need when needed, but it also opens up new revenue opportunities for organisations. For example, a member might initially sign up for a basic membership subscription but later add an insurance product or certification subscription.
Moreover, Bond’s subscription model allows for seamless onboarding. New members can easily select and purchase their desired subscriptions during the initial sign-up process. This streamlined approach enhances the user experience, making it easy for customers to understand what they’re signing up for and how much it will cost.
Bond can also integrate with the Insurance provider to seamlessly push over policy details to ensure their system is updated if the requirement is there.
Bond’s subscription model offers a versatile solution for managing a variety of subscriptions. Whether your organisation offers memberships, insurance products, certifications, or a combination, Bond can help you manage your subscriptions effectively, provide excellent customer experiences, and unlock new revenue potential.