This episode makes a strong case for Shopify brands to implement subscription models to build predictable recurring revenue and foster customer loyalty. It highlights the significant LTV increase seen in subscription customers and details the crucial elements for a successful subscription business within the Shopify ecosystem, especially with the integration of Bold Subscriptions with Shopify Payments and Native Checkout.
Key takeaways
Explore implementing a subscription model for your Shopify brand, recognizing that subscription customers can have 178% higher lifetime value than one-time purchasers.
Leverage Bold Subscriptions' integration with Shopify's Native Checkout and Shopify Payments to offer seamless one-time and recurring product purchases.
Ensure your subscription offering provides value through replenishment, curation, or exclusive access to maximize customer retention.
Investigate Shopify Subscription APIs to understand the technical possibilities and limitations for building a robust subscription service.
Your Business Is A Journey. Invest In Yourself Today.Being an entrepreneur is a life of learning, implementing, and iterating. All it would take is a new idea, a strategy, a Shopify app, or a marketing platform to be the next thing you need to improve efficiencies, drive more revenue, and build lifetime customer loyalty for your Shopify brand.Bold Subscriptions is now fully integrated with Shopify's Native Checkout and Shopify Payments, so customers can purchase one-time and subscribe to recurring products together.My guest in today’s episode is Jay Myers the Co-Founder and VP of Growth at Bold Commerce. They are one of the largest Shopify Developers solving a lot of unique challenges for retail and DTC brands. Their biggest endeavor yet is subscriptions on Shopify checkout.What You Will Learn TodayWhy now is the time to consider a subscription or membership option for your Shopify brand.The next iteration of Shopify's checkout.Why a subscription customer, on average, has 178% higher lifetime value than a first-time customer.Why a successful subscription business needs to have an aspect of replenishment, curation, and access.Links And Resources MentionedBold CommerceBold Subscriptions Shopify App - 60-Day Free TrialFull Selection of Shopify Apps Built by Bold6-Months Free Trial of Select Bold AppResource Library + Case StudiesOwn Your Commerce PodcastShopify Subscription APIsThank You For ListeningI really appreciate you choosing to listen to the show and for supporting the podcast and it’s sponsors. If you enjoyed today’s show, please share it using the social media buttons on this page.I would also be so grateful if you would consider taking a minute or two to leave an honest review and rating for the show on iTunes. They’re extremely helpful when it comes to reaching our entrepreneurial audience, and I read each and every one personally!Growth Mindset?Listen to the eCommerce Fastlane podcast on Apple Podcasts, Stitcher, Google Play, or Spotify and subscribe to ge
What does this episode say about shopify & ecommerce platforms?
Explore implementing a subscription model for your Shopify brand, recognizing that subscription customers can have 178% higher lifetime value than one-time purchasers.
What does this episode say about subscriptions & ltv?
Leverage Bold Subscriptions' integration with Shopify's Native Checkout and Shopify Payments to offer seamless one-time and recurring product purchases.
What does this episode say about customer retention?
Ensure your subscription offering provides value through replenishment, curation, or exclusive access to maximize customer retention.
What does this episode say about shopify & ecommerce platforms?
Investigate Shopify Subscription APIs to understand the technical possibilities and limitations for building a robust subscription service.
