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Subscription prescriptions

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Presentation on theme: "Subscription prescriptions"— Presentation transcript:

1 Subscription prescriptions
Increasing audience engagement to grow recurring revenue

2 The customer knows best
Julian Thorne

3 The Subscription Economy
Sector: Software, Media, Music, Film

4 The Subscription Economy
Sector: Food, Energy, Cosmetics, Transport The Internet of Things Turns products into subscription services

5 Huge change in consumer demand
Driving the growth of the subscription economy Vital to nurture the customer relationship Data is key Sharing Renting Leasing NOT owning

6 Demands change in organisational structures
Create Product A Create Product B Create Product C Sell Product to customer

7 Demands change in organisational structures
Product C Product B Product A

8 Demands change in organisational structures
4 Pillars of data Product Centric Customer Centric Strategy Create the best product Create the best solution for the customer People/culture New product culture. Always looking for new products to create Customer culture. Searching for new needs to fulfil. Processes New product development New solution development. Customer experience management. Rewards/metrics Rewards new product development Rewards people with deep insight into customers Organisational structure Product divisions with P&L Customer segments with P&L.

9 The art of building a strong relationship
Polly Knewstub

10 Pablo Picasso (1881-1973) Les femmes d'Alger (Version 'O')
$179,365,000

11 Building a Multi “everything” brand
Chris Gadsby

12 Brands, products, services and channels

13

14 Supporting a successful subscription business
Ian Eckert

15 Four fundamental pillars

16 Dynamic catalogue flexible access GREAT CONTENT DEEP DATA

17 Great content (and customer service)
Editorial, event, service or offer Delivered via medium of choice Tailored for and aimed at the individual Meets the ‘Goldilocks’ test Judged on utility and service

18 Deep data Must cover all touchpoints Personal profile Transactional
Behavioural

19 Dynamic catalogue Rapid NPD and testing
Ability bundle across product types Offers the right deal at the right time

20 Flexible access Complete control over who sees and gets what, where, when and why Promotes sampling Optimises conversion and retention

21 Your questions


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