Types of recurring revenue models

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A recurring revenue model like Japanese crafts
Image taken from Japanese Crafts

Recurring revenue models are essential for businesses to create a steady stream of revenue and ensure long-term financial stability. There are several types of recurring revenue models that companies can use to achieve these goals.

1.
Subscription-based SL services

Subscription-based services are among the most common and effect czech republic telegram data ive ways to generate recurring revenue. With this model, customers pay a regular monthly or annual fee to access a product or service. This can include software subscriptions, streaming platforms, or even membership websites.

Strikingly offers subscription-based services through its website building platform. Businesses can choose from a variety of pricing plans to suit their needs and budget. By providing valuable features and tools, Strikingly helps companies attract and retain customers and ensure a consistent stream of recurring revenue.

2. Membership programs
Membership programs are another popular type of recurring revenue model. These programs offer exclusive benefits and privileges to members who pay a recurring fee. Examples include gym memberships, premium loyalty programs, or access to exclusive content.

Strikingly allows businesses to create membership programs through its platform. Companies can offer different membership levels with different benefits and pricing structures. By providing valuable benefits and incentives, businesses can attract loyal customers willing to pay for ongoing access to premium offerings .

3. Licensing and royalties
Licensing and royalties are recurring revenue models commonly used in the music, publishing, and software industries. In this model, companies grant others the right to use their intellectual property in exchange for ongoing payments based on usage or sales.

Strikingly indirectly supports licensing and royalty-based models by providing artists, authors, or software developers with a platform to showcase their work online. Using Strikingly's website building tools and marketing features, these creators can effectively promote their products or services and generate recurring revenue through licensing agreements or royalty payments.

Strikingly offers a versatile platform that fits a variety of recurring revenue models. Whether businesses opt for subscription-based services, membership programs, or licensing and royalties, Strikingly provides the tools and support they need to help them harness the power of recurring revenue.