Easily scalable – can handle large membership
One of the benefits of websites is that they are easily scalable. The same is true for subscription websites. Such websites can be updated and expanded at little cost in very quick time. The software and databases used are also easily scalable and can handle a large membership base whenever required. Unless of course, you have totally ignored the scalability aspect while having your website and your web software developed. The “physical” costs of scaling up are minimal; perhaps you have to spend more to attract members.
High quality subscriber base
People pay to become a member only if they are interested in your service or content. Apart from generating revenue for your website, this has another advantage. Paid subscription would ensure that your customer base consists only of targeted customers and those actually interested in your service. In other words, such a model is more likely to retain your customers. A high quality subscriber base could always work wonders for your business. No doubt the subscriber would be demanding and would expect value. However your members clearly stand out as a special group that has a particular need and that values quality and time. Try filtering out leads to arrive at such a target group! You will never get the same results.
Cross-selling opportunity
Any sales professional will tell you that it is much easier to generate increased sales from an existing customer than it is to find a new customer. A subscription website is an excellent way of cross selling your services (or products) to current customers.
One of the best examples of cross selling via the web is on Amazon.com. If you search for a book on the Amazon site, a message will appear on the same page, saying 'Customers who bought this book also bought…' and will list half a dozen other books for your consideration. This is an excellent way to cross sell additional services or content to your members.
You can also direct visitors to other parts of the site, to consider products and services that they hadn't previously considered. Successful cross selling is the result of recognizing a customer need and meeting that need with a useful product or service. Customers benefit from needs-based cross selling efforts because they receive the services they need and want.
Cross selling can help your business realize its objectives: providing useful services, retaining customers, attracting new customers, and staying competitive with other websites.
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