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Today, I want to share an insightful resource with you from PYMNTS.com. The company recently released a report about the benefits of memberships. It found that consumers spend more with brands that offer retail memberships. For example, Amazon Prime, Costco and Sam’s Club members spent more than 100% more than nonmembers each month.
Could there be an opportunity for you to incorporate memberships into your e-commerce business? Let’s talk about it! Schedule time on my calendar for a risk-free consultation.
Every week, we highlight the biggest news happening in the subscription economy. Our hope is to inspire you to glean from what other successful recurring revenue merchants are doing, and we scour the web so you can stay current without getting buried in content. We also accept submissions, so please share your latest business news with email@example.com for consideration.
Let’s get into it, but first…
Deals of The Week
Amazon Will Shutter Amazon Care Hybrid Telehealth Service
Despite an expansion in February 2022, Amazon said the business model isn’t working.
Read the full story on SubscriptionInsider.com.
Netflix's Ad-Supported Subscription Could Cost $7 to $9
The new ad-supported subscription will also reportedly feature four minutes of ads per hour of content aired before and during Netflix programming.
Read the full story on Gizmodo.com.
Consumer Preferences Are Shifting — Is it Time to Say Goodbye to Cable?
Disney Exploring Amazon Prime Style Membership Program with Park Discounts
Disney is exploring a membership program that could offer discounts and special perks to encourage customers to spend more at Walt Disney World and Disneyland, as well as streaming services, merchandise and more
Read the full story on DisneyTouristBlog.com.
Withings Has a New Smart Scale and 'Health+' Fitness Subscription Platform
Withings is today announcing yet another in its range of class-leading smart scales, Body Comp. The device is pitched as a “complete body assessment scale” which can look at the sort of facets of our bodies normally reserved for clinical settings.
Read the full story on Finance.Yahoo.com.