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Subscription prescriptions
Increasing audience engagement to grow recurring revenue
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The customer knows best
Julian Thorne
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The Subscription Economy
Sector: Software, Media, Music, Film
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The Subscription Economy
Sector: Food, Energy, Cosmetics, Transport The Internet of Things Turns products into subscription services
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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
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Demands change in organisational structures
Create Product A Create Product B Create Product C Sell Product to customer
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Demands change in organisational structures
Product C Product B Product A
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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.
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The art of building a strong relationship
Polly Knewstub
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Pablo Picasso (1881-1973) Les femmes d'Alger (Version 'O')
$179,365,000
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Building a Multi “everything” brand
Chris Gadsby
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Brands, products, services and channels
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Supporting a successful subscription business
Ian Eckert
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Four fundamental pillars
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Dynamic catalogue flexible access GREAT CONTENT DEEP DATA
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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
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Deep data Must cover all touchpoints Personal profile Transactional
Behavioural
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Dynamic catalogue Rapid NPD and testing
Ability bundle across product types Offers the right deal at the right time
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Flexible access Complete control over who sees and gets what, where, when and why Promotes sampling Optimises conversion and retention
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Your questions
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