A recurring revenue business model should have a stronger customer relationship. Otherwise, it will affect the whole plan of your subscription model business. Customers purchase things on a one-time basis and eventually move on, making consistent revenue difficult for Shopify retailers. Allowing your brand to provide subscriptions can help you turn one-time transactions into long-term connections, lower churn, improve customer retention, and increase client lifetime value. Due to the potential for exponential growth as more members are gained, subscription revenue models have continued to gain favour. The revenue of a subscription company continues to compound over time as the average … Continue reading Benefits Of Recurring Revenue Business Model On Shopify