On September 28th, California’s governor signed into law new requirements for subscription and membership companies with negative option plans. Lisa B. Dubrow, Esq., Subscription Insider Guide to Subscription Regulation and Compliance and partner at Dubrow & Bhonslay, explains.
The California superior court has fined subscription company, Beachbody, $3.6 Million after an investigation found it was applying recurring charges for subscription renewals, sometimes after so-called free trials, without proper consent. Lisa B. Dubrow, Esq., Subscription Insider Guide to Subscription Regulation and Compliance and partner at Dubrow & Bhonslay, explains.
The FTC has updated its guidelines and FAQs on Influencer testimonials and endorsements, after settling a case and sending warning letters to companies. Lisa B. Dubrow, Esq, Subscription Insider Guide to Subscription Regulation and Compliance and partner at Dubrow & Bhonslay, explains the updated Influencer Marketing guidelines that companies need to adhere to.
When Equifax revealed that hackers stole credit data for 143 million people, the company offered a remedy: a free year enrollment in its data protection service. The catch? After the year is up, users will be automatically billed for the next year. But that may raise more legal issues for the company if it is accused of violating ROSCA law.
It is reported that a bill in the State of California, California SB 313, is deemed likely to pass. The law would require new rules for companies offering trials and recurring subscriptions and memberships. Lisa B. Dubrow, Esq., partner at Dubrow & Bhonslay and Subscription Insider Guide to Regulation and Compliance, explains.
Like many legacy publishers, the 160-year-old McClatchy Company (NYSE: MNI), the owner of 31 media companies in 28 U.S. markets, is doing a major transformation, moving aggressively over the last several years to become a digital-first company. Instead of fighting a changing tide, McClatchy is making sweeping, long-term changes that are beneficial to the company but also to its readers.
In the summer of 2012, Liz Cadman knew she had a problem. She was addicted to subscription boxes, and she wanted more. She couldn't find the information she wanted online, however, to make smart buying decisions, so she started a blog to talk about subscription boxes. The blog grew into My Subscription Addiction, a full-fledged website dedicated to the discussion of subscription boxes. In four years, the site has exploded in popularity, and she has added additional features including swaps, a discussion forum and more. Learn how My Subscription Addiction started and grew into what it is today.
How can you combine a wholesale book business and a passion for children's literacy to get more books in the hands of kids? With the subscription box model. That's how founder Eric Shmuely made his dream become a reality -- by creating a subscription book service for children.
Last year the publishing industry was abuzz with the news that the Winnipeg Free Press was experimenting with a Read Now Pay Later micropayment platform, where readers pay $0.27 (Canadian) per article they have read. Dana Neuts explores how well the first seven months of the strategy has gone.
At just three years old, Readly has experienced rapid growth and is defining success in the digital magazine publishing space. Now offering nearly 1,100 magazines and more than 17,000 issues in 49 countries, learn more about Readly in this exclusive INSIDER Case Study.
When you think about how you get members fully engaged, do you have a tripwire that moves them to take their first steps to use their membership? What are the first 3-5 actions you want new members to take and that will help them use their membership? Scott Whittaker, Subscription Insider Guide to Membership Strategy and founder of Scott Whitaker Consulting, explains how to move beyond welcoming a new member and actually guiding them into their membership.
It’s not news that fraud is rampant in online advertising. It turns out that one of the biggest reasons is the fact that the buyers and sellers of online advertising in large part do not deal directly. They transact through third-party brokers and marketplaces. Can a central database of publishers and their authorized partners fix programmatic advertising? Russell Perkins, Subscription Insider Guide to Data Publisher Strategy and Managing Director of InfoCommerce Group, explains.
We are less than a week away from Subscription Payment Boot Camp, but we are still churning out exclusive, quality content to help you grow your subscription business. In this week’s Five on Friday, Chargify makes suggestions for successfully selling subscriptions to millennials, Search Engine Watch offers tips on writing search engine-friendly headlines, Adweek explains Google’s new filters that allows publishers to weed out racy or sensational ads, Real Simple gives us five ways to rein in our unwieldly email inboxes, and PYMNTS and Recurly team up to share subscription conversion data for Q3 2017.
Yes, it’s finally Friday. We survived talk of the island in the middle of the ocean, surrounded by water, big water, ocean water, and we are ready for the weekend. (Sorry, I could not resist.) Before you head out, check out this week’s Five on Friday. In this week’s edition, Ad Exchanger reports that CPT advertisers are cutting their digital ad dollars and Amazon is reaping the benefits, Digital TV Research forecasts the future of online TV and video, Hubspot shares five sales tips, Zuora talks about the subscription economy in the U.K., and The Muse offers productivity tips to help us get more done.
In this week’s Five on Friday, IAB UK warns publishers and advertisers that native content works, but you must disclose the nature and origin of the content, and the Columbia Journalism Review tells us that free content is still king for newspaper websites. Also this week, the streaming music industry is growing with more than 30 million paying subscribers, GoCardless raises $22.5 million in new funding, and LinkedIn shares top subscription jobs from big name companies.
Understanding how payments work is a key foundation to selecting the right vendors for your subscription or membership business. This guide will help you understand the mechanics of a payment, key terms, and the key players involved from the moment your customer submits a payment to your business, to when the money for that customer’s subscription gets into your bank account.
The idea of influencers is not a new one. In fact, they’ve been around for decades, often times in the form of a celebrities as company spokespeople. Remember Brooke Shields and her Calvins? O.J. Simpson for Hertz? William Shatner for Priceline.com? Joe Dimaggio and his Mr. Coffee? Those are all examples of influencers. The marketing world has evolved since then, but instead of having spokespeople, brands, including subscription companies, are now using (paid) influencers to promote and share their products and services. It is a subtler, but more meaningful approach. Let’s take a closer look.
In the last part of our series, Organic Search for Publishers, Kevin Novak explains how to create and scale a system for optimizing organic search across editorial, audience development, and other teams to drive readers deeper into a media property, and support revenue creation.
Kevin Novak continues his discussion on how to implement an effective SEO strategy. In part seven of Organic Search for Publishers, he explains where and how to use the keywords and phrases that are important for your business in your content and meta information. Kevin also goes deeper and explains what structured metadata is as well as why and how you should be leveraging that in your publication to more effectively communicate and provide context about your content for search engines.
Kevin Novak continues his discussion on how to implement an effective SEO strategy. In part six of Organic Search for Publishers, he explains and demonstrates the tools every editorial, marketing, and audience development team should use when determining what keywords will be used as part of their organic search strategy.
Amazon (NASDAQ: AMZN) just made it a little easier for college students to enjoy the many perks of a Prime membership, offering students enrolled in two- and four-year colleges a student rate of $5.49 a month. The monthly price of Amazon Prime Student is 50 percent off Prime’s regular price, following a six-month free trial, without the annual commitment. The free trial is provided courtesy of Sprint. Qualifying college students can pay $49 a year (the equivalent of $4.08 per month) instead to save 20 percent on an annual membership.
Words still matter. That’s what Medium CEO Ev Williams wrote on October 10 when he announced the publishing platform was opening up its Partner Program to all publishers and content creators. The invitation-only program began this summer, along with the company’s new logo, design and its clap system which pays writers based on the attention their content received. At launch, Medium called the Partner Program a ‘grand experiment,’ testing subscribers’ willingness to pay Medium for content which it, in turn, would share with writers.
If you predicted that Netflix couldn’t get any better in the third quarter, we’d say ‘Stranger Things’ have happened…and they have. Yesterday Netflix (NASDAQ: NFLX) reported strong Q3 financials with a 33 percent increase in global streaming revenue and the addition of 5.3 million new memberships globally, a 49 percent increase year over year. This is considerably higher than the 4.4 million net additions Netflix had forecast. Year-to-date, Netflix has added 15.5 million new members (net), a 29 percent increase year over year.
Turntables, tumblers and telescopes. A year after its $30 million acquisition of review sites The Wirecutter and The Sweethome, The New York Times Company combines the two popular sites and relaunches them as a unified, mobile-first site, Wirecutter, accessible at TheWirecutter.com. With a new logo, colors and fonts, Wirecutter’s features a single column design and brings all their reviews on everything from biking gear and electronics to office furniture and baby products. Past content and more than 62,000 reader comments are being transferred to the new site.
In this week’s subscription news, The New York Times botches a promo, giving away a Google home for $17 but subscribers could quit after receiving it. Also this week, Roku offers new TV sets that combine streaming TV with linear TV, Equifax’s CEO ‘retires’ after the company's massive data breach, and Uber’s new CEO apologizes after the company loses its license in London. Also this week, we share stories about Blue Apron, Facebook, Google, YouTube and the Chernin Group.
When it comes to choosing a subscription management platform for your company, there are many options. Choosing the right technology can be a daunting task. Make the right decision and you are a hero. Make the wrong decision and you are faced with higher costs, mismatched features, or worse. Did you know that when buying technology for your business, 35-50% of the sales go to the vendor who responds first? Crazy? For companies that bought in this manner, they typically experience a 50% greater rate of REGRET about their purchase than companies who used a more thoughtful process
In this on-demand seminar, learn the key questions to ask potential vendors, and your team, when selecting the best subscription platform for your business. Kevin Novak, CEO of 2040 Digital and subscription technology expert and Kathy Greenler Sexton, Publisher of Subscription Insider will discuss: The subscription technology landscape, how to self-assess what your company needs, understanding budget and total cost of ownership, and mapping your budget and team to the best platform for your company.
Before you can generate new subscribers you've got to implement systems to stop your members from quitting. This on-demand seminar is focused on delivering actionable tactics to reduce subscriber churn and increase member lifetime value. Robert Skrob, our Insider Guide to Membership Retention, will walk you through 14 tactics to improve your subscriber and member retention. With all that Robert will discuss, there will be at least one strategy revealed that could be a quick, easy win for you, which could improve your renewal rate within two weeks or less.
Learn how to maximize SaaS and software retention rates. During this on-demand seminar, Adriana Iordan—expert in global eCommerce and payments and Chief Product Officer at Avangate—will teach attendees why SaaS subscription businesses face unique customer retention challenges and how to handle them. This session includes benchmark data, best practice tactics, and three separate case studies to help you learn how to overcome the unique challenges SaaS recurring businesses face.
Revenue signals go way beyond renewal and churn KPIs. In order to maximize potential revenue, you need to get under the hood of your subscription product or service to understand revenue-related data. These “revenue signals” are in your billing, product, and customer data and they show where your subscription business is at risk for lower revenue or where you losing potential revenue opportunities. In this on-demand seminar, you will learn what to look at in your own data and analytics, what learnings you can glean from each revenue signal, what actions your subscription business should think about taking, and most importantly, the revenue impact of acting or not acting on each signal.
Have you seen a rise in declines or a rise in chargebacks or fraud? Are your renewals taking longer to successfully process? Do you understand why? Paul Larsen, Subscription Insider Guide to Payment Processing, leading expert in card-not-present recurring payments, and Managing Partner of the Paul Larsen Group, in this on-demand version of our January 2017 online seminar, will outline key payment processing trends every subscription company should be aware of, and be on top of, for 2017.
The technology now exists to offer fast broadband mobile data subscription service to every human on the planet. Elon Musk says he’ll make it happen before 2024, and if he doesn’t, someone else will soon enough. Then what?
$100 billion in global revenue is a big pie, and when you cut that pie into slices, it’s a mess of alphabet soup inside. Here’s a look at CRM, SCM, ERP, HCM, and the rest of the letters that spell SaaS.
The future is bright for e-books. Market penetration is rising. Young people are embracing the medium. Indie publishers are embracing digital business models. But there are challenges that the industry has yet to resolve, and as a result, growth has stopped as the industry has reached a plateau.
Technology has overturned business models and revolutionized the way we enjoy music maybe more than it has any other form of entertainment. That revolution continues to shake up music makers and distributors. But the universal human yearning to listen means that opportunity will be there, somehow. The recording industry seems to be finding that opportunity in anywhere-anytime music, especially on a subscription basis.
The top complaints about email: Too much, too aggressive, too irrelevant, too repetitive, too busy. Here are data-based tips to tackle these problems and retain subscribers.
Not all failed recurring payments can be “saved” with an Account Updater update. Failed payments can be for a variety of reasons from cancelled cards, cards opted-out of Account Updater services, or declined transactions due to credit limit issues. In this sample, we show three very different approaches to notifying subscribers about a declined payment and requesting updated payment information. (Plus, a bonus at the end, Subscription Insider’s own notice!)
Are you receiving more alerts notifying you of expiring cards? We have and frankly, it’s no surprise with the increase in the volume of payment cards that been reissued. Without that updated payment information, subscribers and members will not get renewed successfully. In this sample, we show you real examples of payment card update notices from three separate companies, with three very different approaches to getting their subscribers to update their payment information. Plus, a bonus, Subscription Insider’s own notice!
ABC Mouse Early Learning Academy is an award-winning, subscription-based site/mobile app that uses email promotions to acquire subscribers. In this Sample, we walk through their promotional email campaign and offers. Are they sending too many promotions? Are they effective? You be the judge.
You may not be a sports fan, per se, but everyone plays games, whether it's chess, checkers or Thursday nights down at the local bridge club. We took a look at three sports-themed businesses offering subscriptions to see how well (or not) they are converting visitors into subscribers.
Many subscription sites are using some lighthearted copy that borders on passive-aggression. Is this an effective tactic? What do you think?
Starting your search for research and data to support your business plan, product research, customer segmentation or data for your next presentation to investors, employees or conference? Beyond any primary research you will be doing, you will need access to third party data for segmentation, validation and an understanding of your market. Subscription Insider's Definitive List of Secondary Market Research Sources lists literally hundreds of data sets for your research. Our definitive list includes business, consumer and government data. Use it for marketing, competitive research, market data and more. It includes easy-to-use data and not so easy-to-use data accessible via APIs.
Understanding the difference between your most valuable customers and those that will not renew, is like separating out the wheat seeds from all the wheat chaff at harvest time. It will take the right tools and tactics to maximize renewal rates. Subscription Insider's Retention Workbook (Excel) will help you track the retention performance by key drivers in your business, turning your data into both a summary and a detailed retention report that you can use to manage your retention.
Does your subscription management or billing platform connect you to Account Updater — a service offered by Visa, MasterCard, Discover and more recently, American Express — that provides updated payment card information to help merchants manage involuntary churn issues? With this directory of 25 subscription management and billing platforms that support account updater services, you'll be able to create a short list of vendor contenders for your subscription business based on applicable industry experience, existing customers, payment gateways and processors supported, as well as pricing.
This extremely detailed subscription & membership financial model was developed as a tool for would-be subscription businesses who either are planning a new launch or an acquisition. It may also be useful for current publishers who are doing a minimum of marketing and who want to see how their cash flow might change if they ramp up marketing and/or ancillary product offers. Its purpose is educational and inspirational rather than strictly predictive . Everyone's business is slightly different, so it was impossible for us to create an easy-to-use model that would work with enormous accuracy for all. However, if you've not modelled this type of business extensively before, you'll learn a great deal from it!
Effective monitoring of subscriber retention is the result of understanding retention opportunities and trends, tracking attrition patterns, developing a tracking methodology, and applying those metrics in order to manage your retention business more effectively. Use this excel workbook to track and manage your subscribers and members.
- Global Data: The Coming Age Of Worldwide Internet Service
Reports & Research October 19, 2017
- College Students Can Now Get a Prime Membership for $5.49 a Month
Industry News October 19, 2017
- Medium Expands Partner Program to All Publishers and Content Creators
Industry News October 18, 2017
- Use "Engagement Tripwires" to Assimilate New Members and Increase Retention
Features October 17, 2017
- Netflix Reports Strong Q3 Financials Including 5.3 Million New Members
Industry News October 17, 2017