YITH WooCommerce Subscription Premium

Description

Very simple: users pay a subscription (weekly, monthly, or yearly) to use software, access training courses, read articles from a magazine, download unlimited resources (as in the case of audiobooks offered by Amazon’s Audible, streaming movies on Netflix or sites offering stock images) or use a hosting service.

Build your own system for generating passive income by offering subscription-based products and services with WooCommerce

What do Amazon Prime, Netflix, Apple Care, and Spotify have in common? They are all businesses that offer products and services based on subscriptions. An online business model that has become increasingly popular and is consistently growing, with a 45% increase over the past two years. According to Forbes, it is projected that the business volume of subscription-based products and services will reach $1.5 trillion by 2025.

How does it work? Very simple: users pay a subscription (weekly, monthly, or yearly) to use software, access training courses, read articles from a magazine, download unlimited resources (as in the case of audiobooks offered by Amazon’s Audible, streaming movies on Netflix or sites offering stock images) or use a hosting service.

However, subscription plans are not limited to just gyms, video games, bookstores, and consulting/coaching services. The sale of themed product boxes has also become a popular trend. Many online companies now offer monthly subscriptions where customers receive curated product packs such as food, books, board games, cosmetics, and more. This business model has proven to be highly effective and successful for a wide range of services and products available in the market.

Are you interested in selling digital items (and using YITH WooCommerce Membership to limit access to online content like video courses, podcasts, articles, etc. for subscribers)? Or are you planning on setting up an e-commerce store where physical products will be shipped to customers, and you need a tool that handles recurring payments and synchronized shipping? Look no further – this plugin is the essential solution to all scenarios when it comes to selling subscriptions with WooCommerce.

Create subscription plans for your WooCommerce products

Creating a product or service to offer as a subscription to your customers is easly made with this tool. All you have to do is determine the type of recurring payment schedule you want (such as daily, weekly, monthly, yearly), and set the subscription amount. With WooCommerce, starting to sell subscription products is just a matter of a few simple clicks!

 

Use product variations to create different subscription plans

Use product variations to establish diverse subscription options, enabling users to modify their plans by upgrading, downgrading, or switching between them. Within these plans, you can customize the name and pricing for each one.

Implement a subscription fee

Decide if you want to add an additional cost for your customers when they sign up, determine the fee amount, and select the label that will be shown on your store.

Offer a free trial period to create a customer database and encourage them to subscribe to the service

Offering a trial period without any cost or obligations can greatly encourage users to explore and experience your products or services. By providing this opportunity, it becomes easier to convince them to subscribe and ultimately increase conversions once the trial period ends.

Create advanced discount coupons to encourage user subscriptions

Offering a discount coupon and occasional promotional deals can significantly influence your customers to sign up for a subscription. With the plugin, you can create coupons to provide discounts on the initial subscription payment, as well as on subsequent recurring payments. You also have the freedom to specify how many payments should be discounted, such as offering a 50% discount for the first three months (a tactic employed by Amazon as well!)

Allow users to change plans, pause and suspend their subscription

Decide if you want to give users the option to pause their subscription, with the ability to set limits such as a maximum number of pauses or a maximum number of suspension days before automatic reactivation. Additionally, allow them to change their plans or cancel their subscription directly through their account.

Synchronize all recurring payments to a given day (of the week, month, etc.)

Manage your subscriptions easily by syncing all recurring payments on a designated day, such as the first of each month or every Monday. When users subscribe, you have the option to handle the initial payment in different ways: either request a pro-rata amount or delay payment until the synchronized day. This simplifies subscription management and gives you flexibility when it comes to collecting payments from users.

Schedule the delivery of subscription products

Does your customers’ subscription involve sending a product, such as a product box or a print magazine? Use the dedicated feature to schedule the shipment and choose whether to synchronize all mailings on a regular day. For example, you can set the box to be sent every 5th day of the month or the magazine every Monday.

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Print a PDF address list to easily manage mailings

If you are selling subscription products that need to be shipped, you have the option to download a PDF file containing your customers’ addresses. With just one click, you can print labels and attach them to the shipping products.

Choose how to handle failed payments and when to suspend or cancel a subscription

Use the available choices to effectively handle subscriptions in cases of failed payments. For instance, you have the flexibility to decide on the number of days before suspending a subscription and how long it should remain suspended before being permanently canceled.

Export subscriptions to a CSV file

Looking to get a summary of your store’s subscriptions that you can download and print? Simply click once to customize the parameters and download the CSV file.

Create a subscription manually and assign it to a user from backend

If one of your clients has chosen to become a subscriber and you need to handle the subscription manually, our plugin offers a solution. With it, you have the ability to create an order, allocate it to the user, and ultimately convert the order into a subscription for any of your shop’s “subscription” type products. This is not only convenient for managing cash payments but also ensures that customers who may struggle with self-subscription (such as those who are elderly or unfamiliar with e-commerce) are not lost in the process.

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Monitor subscriptions and revenue in the new integrated dashboard

The plugin offers a dedicated dashboard that allows you to monitor multiple essential metrics. This includes tracking popular subscriptions, net revenue, average monthly returns, and the percentage of users who convert from the trial version to the paid version. Additionally, there is a separate dashboard where you can keep track of each subscription’s details such as start and end dates, recurring payment amounts and dates, and more.

A Gutenberg block to easily create and display the different subscription plans available for a product or service

By using Gutenberg, our “Subscription Plan” block allows you to effortlessly generate forms and visually display the different subscription plans offered on your e-commerce platform. With this feature, you have the ability to custom colors, typography, incorporate gradients, icons, images, and much more.

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Do you sell subscriptions to offer online content or digital products? Use Subscription in combination with “Membership”

The combination of these two plugins is highly popular among our collection. By using them together, you can establish a subscription system that grants subscribers access to exclusive content such as video courses, digital resources, ebooks, audiobooks, podcasts, and more within restricted areas of your website. Those who have not subscribed will be unable to access this content.

Make it even easier: automate recurring payments with our Stripe plugin

Looking for a must-have integration? Use the Subscription plugin with Stripe and allow your customers to pay for their subscriptions using a credit card. Furthermore,  automate the process of charging the recurring payment amount, making it easier for you and your customers.

Please note: in order to automatically charge recurring payments, you will need one of the following payment methods: PayPal standard, YITH WooCommerce Stripe Premium, YITH WooCommerce Stripe Connect Premium, YITH PayPal Express Checkout for WooCommerce, YITH WooCommerce Account Funds Premium, and WooCommerce Stripe Payment Gateway.

 

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