Paper Title
The Rise of Subscription-Based Models: Enhancing Customer Retention and Predictable Revenue Across Diverse Industries
Article Identifiers
Authors
Rishul Ghosh , Dr. Ashish Ghosh
Keywords
Subscription Model, Revenue Generation, Customer Retention, Technology, Artificial Intelligence, Metrics
Abstract
The development of subscription-based business models has become a dynamic force in the modern corporate environment, altering customer interaction tactics and revenue generating paradigms. This study explores the multidimensional phenomena of subscription-based business models, analyzing its emergence across many sectors and its revolutionary effects on client retention and income predictability. This research reveals the processes underpinning the success of subscription models via a thorough investigation of customer behavior, technology enablers, benefits beyond ownership, loyalty-building techniques, and revenue measures. The study emphasizes tactics that improve client loyalty, lower churn, and provide companies a steady stream of income by using mini-case studies from various industries. The paper also discusses the difficulties in maintaining subscriber engagement and adds to a comprehensive understanding of subscription-based models' capability to establish long-lasting client connections and guarantee income stability across a range of sectors by connecting theoretical ideas with practical facts.
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How To Cite (APA)
Rishul Ghosh & Dr. Ashish Ghosh (August-2023). The Rise of Subscription-Based Models: Enhancing Customer Retention and Predictable Revenue Across Diverse Industries. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(8), e354-e363. https://ijnrd.org/papers/IJNRD2308434.pdf
Issue
Volume 8 Issue 8, August-2023
Pages : e354-e363
Other Publication Details
Paper Reg. ID: IJNRD_204695
Published Paper Id: IJNRD2308434
Downloads: 000122095
Research Area: Management
Country: Bhopal, Madhya Pradesh, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2308434.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2308434
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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition


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