How SubscriptionFlow Solves Complex Magazine Subscription Models
Most subscription systems support only time-based subscriptions, i.e. subscriptions with set renewal periods. Monthly and yearly subscriptions are popular examples. These systems don’t always fit magazine publishers, as magazines may not have fixed release schedules.
Publishers may either have flexible magazine release schedules, special release dates for special editions, or a fixed number of magazine issues. These scenarios can’t be handled by traditional subscription software, as it forces publishers to make their subscriptions time-based.
This can cause a mismatch between subscriptions and how the publishers actually want their content to be delivered. This especially affects niche publications like language-learning magazines negatively, as they need to build on their previous issues, not just follow a rigid renewal timeline.
Fortunately, SubscriptionFlow offers what other subscription systems lack: management of complex magazine subscription models. It helps you address real-world publishing challenges, not merely time-based subscriptions.
The Problem with Time-Based Subscription Systems
Most subscription systems are time-based. This means that they follow a set billing schedule. Customers are billed on a regular and predictable basis, and their subscriptions are renewed accordingly.
Take monthly subscriptions as an example. In these subscriptions, ongoing value is delivered to the customer on a monthly basis. While this works very well for SaaS businesses, it doesn’t always align with publishing company needs.
These are some reasons why time-based subscriptions don’t work well for magazine publishers:
Irregular publishing schedules
It is common for publications to be released irregularly. Magazines may not follow strict release timelines like monthly or every-two-months. To set up subscriptions, such magazine publications require software that doesn’t force them into a fixed time-based subscription schedule. They need fully custom renewal dates.
Issue-based subscriptions
Some magazines have a fixed number of issues only. They aren’t everlasting. So they need to offer subscriptions with a specific number of cycles, and a specific end-date. The same is true for magazines that offer flexible issue subscriptions.
This means that readers are allowed to buy a certain number of issues irrespective of how many are available or whether it is a limited or unlimited subscription series. In such a scenario, it is important that publishers design a subscription plan that would automatically renew itself according to the number of issues and not time duration.
Poor renewal timing
The timing on which renewal occurs does not match the arrival period of the issue. For instance, let us assume that a reader subscribes to a magazine subscription plan for 6 issues. The renewal period has been set to 6 months.
However, within those 6 months, the reader receives 4 issues instead of 6 because of irregular release dates or other factors. This causes the customer to lose trust, as they are moved to the next cycle with the previous one still unfulfilled.
Lack of fulfillment tracking
It becomes difficult to track which issues have been sent, and which are pending, especially if there are many issues tied with one subscription cycle. A software designed for magazine subscriptions is needed for this.
What Publishers Actually Need
Magazine publishers need special features that address their unique needs:
Issue-Based Subscription Management
Publishers need subscriptions that can be defined by the issue quantity, not by fixed time intervals. In this scenario, each subscription is equal to a number of magazine issues. As each issue is delivered, the remaining issue count automatically decreases. This helps to keep billing aligned with the actual value delivered.
Smart Renewal Triggers
Renewals shouldn’t be based on dates. They should be triggered by the issue count or the delivery of the last issue. This makes tracking renewals easer for publishers, as renewals match the number of issues. They don’t need to enforce a strict schedule on their issue delivery dates.
Multi-Channel Retention Marketing
Publishers need to communicate with their readers through multiple channels to increase their retention rate. They need subscription management software that allows multiple retention campaign workflows. For example, payment reminders, email marketing campaigns, and escalating emails in case of payment failures or lack of engagement.
Customer Self-Service Experience
Modern subscribers need visibility into their subscription cycles. Self-service portals give them that. Through these portals, customers can view their subscription details (like plan and billing date), track remaining magazine issues and access the digital versions of their publications.
Advanced Analytics
Publishers need unique analytics to keep their performance in check. Some important insights are resubscription rate (for each plan or magazine), customer lifetime value and revenue generated across different publications.
How SubscriptionFlow Supports Publishers
SubscriptionFlow gives magazine publication companies the unique features they require:
Flexible Subscription Configuration
SubscriptionFlow ensures that its system adapts to the publisher, not the other way round. It allows publishers to set up subscriptions flexibly. They can create issue-based subscriptions and assign custom issue numbers to each (like 6 or 12). They can also support hybrid plans that give users access to both digital and print issues.
Issue Tracking and Fulfillment
Publishers can easily track their issues, both delivered and remaining. They can monitor both online and physical issue delivery dates, so that they can keep up with the actual magazine distribution, not just billing dates.
Automated Lifecycle and Renewal Workflows
Renewal occurs based on subscription activity, not just fixed intervals. For instance, it can be issue-based, whereby the renewal happens when the last issue is sent out. Also, SubscriptionFlow supports various engagement campaigns that activate when it is the right time.
For instance, subscription renewals. In the case where the subscription period is for 6 issues, a renewal reminder can be sent when there are only 2 issues left. This helps readers prepare for the next payment timely.
Built-In Customer Portal
Publishers get to offer customer portals to their subscribers where they can track their subscription activity.
Real-Time Analytics Dashboard
SubscriptionFlow supports dashboards that show all your important metrics in real-time. Publishers can keep track of each subscriber’s behavior, identify popular behavior patterns, view retention and resubscription rates, and analyze how each of their publication is performing.
Integration of SubscriptionFlow with WordPress
WordPress is one of the most popular front end platforms that publishers use. It operates as the store that sells subscription-based content. SubscriptionFlow is easily integrated with WordPress, offering publishers a robust platform for magazine subscriptions. In this integration, this is what each platform does:
- WordPress – website for subscription sales
- SubscriptionFlow – engine for subscription management, payment processing and automation
Publishers have three options for integrating SubscriptionFlow with WordPress:
1. Hosted checkout pages
The user is directed to a hosted checkout page operated by SubscriptionFlow.
Upon filling in their information and making the payment on the page, all their information gets transferred to the SubscriptionFlow database and a subscription account is created automatically.
2. APIs for custom integrations
Publishers can connect Subscription Flow with WordPress and other tools in their use (like email marketing or fulfillment platforms) through APIs. Through this integration, there will be seamless and automatic exchange of data among all integrated systems and your business dashboard is always kept up to date.
3. Embedded forms within WordPress
SubscriptionFlow payment forms are embedded in WordPress, allowing consumers to pay from within WordPress. With embedded forms, they don’t have to go to external pages to pay, speeding up payments.
Use Case: A Magazine Publisher with Issue-Based Subscriptions
Let’s suppose there’s a publisher that offers 6-issue magazine subscriptions. This means that each subscription cycle is equal to the delivery of 6 magazine issues. Until all the 6 issues have been delivered, the next subscription cycle isn’t activated.
This is how this publisher manages their subscriptions with SubscriptionFlow:
A reader subscribes to their 6-issue subscription. Whenever an issue is delivered, this issue is automatically deducted from the total number of deliverables. If 4 issues are delivered and there are only 2 left, the system sends a renewal notice to the reader. This can be done by sending an email or sending notification through customer portal.
Once six issues have been delivered, the system activates renewal for the reader and deducts payment for the next cycle. With SubscriptionFlow, publishers can manage all their subscriptions efficiently. They can keep track of how many issues have been delivered and how many are left, and how renewal workflows spring into action automatically.
Do you also face similar challenges with your magazine subscription model? Let SubscriptionFlow make things easier for you starting today.