If you’re a company that sells services or software as a service rather than products or hard goods, establishing a billing system so you can get paid is one of the most crucial first steps. In addition to finding a reliable billing platform, you need to decide what kind of billing schedule you’re going to offer. For most companies, this means either annual billing, or charging customers on a monthly model. Each revenue model has its own pros and cons for you and your clients alike. Let’s take a look at a few.
Like almost anything else, when it comes to membership management systems a really good one can be hard to find. If you’re in the position when your organization is successful enough that you need help keeping track all your members, there are definitely worse problems to have. Nevertheless, you might be a little daunted when trying to find the right management software.
Different companies offer and emphasize different features like event management, content publishing, advertising functions, member interaction tools, and more. Different features and systems will have relative strengths and weaknesses depending on your specific needs, but there are some common features that almost any worthwhile membership management system will offer. Keep reading to learn more.
Whether you’re self-employed or run a small business, you’re familiar with the difficult process of trying to find fat to trim around your business expenses. It can be hard to know which costs are legitimate, and which are just a waste of valuable money.
Here are some helpful tips that most businesses can implement to cut administrative overhead costs without feeling like corners are being cut or belts uncomfortably tightened.
Do you market your services via webinar or instructional videos, sharing information with anyone interested in subscribing? Have you found yourself struggling to handle the administrative duties of the subscriptions, taking precious moments of your time away from your tasks?
Webinars and instructional videos have proven themselves to be wonderful ways of spreading information to those connected; yet like any other online marketing system, they require diligence on behalf of the owner to manage tasks such as billing, subscriptions, and the protection of content. Our platform, however, can simplify the process; in fact, with Subscription DNA, you can set aside these menial chores, and focus more on what’s important to you.
Benefits of Webinars and Instructional Videos
Truly the benefits of these types of videos cannot be overstated for those wishing to provide tutorials, education, or other types of information for a wide-spread audience. Unlike simple manuals, videos let the provider show the audience in real-time, which can be extremely useful in hands-on projects and tasks. Furthermore, webinars and instructional videos allow interested audience members to subscribe, as opposed to offering the information within free of cost. Here, this greatly benefits the provider, allowing him or her to receive compensation for his or her demonstrated skills.
Simplifying the Billing Process with Subscription DNA
Perhaps one of the most tedious yet time-consuming tasks associated with providing webinars or instructional videos involves billing those interested in joining. Without a comprehensive software managing this aspect, the group owner is left billing clients individually and routinely.
Enter Subscription DNA: this comprehensive platform affords webinar and instructional video group owners the opportunity to fully customize billing and payments. With Subscription DNA, viewers can submit secure one-time or routine payments, and in a variety of manners, from credit cards, to cash, to even Paypal. Furthermore, the group owner can set up customized payment schedules, add in taxes or setup fees, and delay billings to whenever necessary.
Manage Subscriptions and View Administrative Reports
Of course, the administrative duties of a group owner are not complete simply after billing has processed. To be sure, the owner is still responsible for adding and removing members as necessary, managing the overall nature of each subscription, and protecting assets behind the paywall. Furthermore, the owner may still be interested in viewing administrative reports to better understand the success of the videos, and react accordingly.
Again, group owners can rely on Subscription DNA to handle these tasks. Through this platform, the owner can add or remove members as he or she sees fit, and manage subscriptions, which is extremely useful if varying degrees of content exist in the videos that correspond to certain payment amounts. The platform also lets the owner view and respond to administrative reports, and, to protect information from being dispersed from one user, it incorporates varying levels of security, ensuring that only paying customers are granted access.
Spread the Word with Subscription DNA
Don’t let administrative duties cause your craft to suffer. Incorporate Subscription DNA into your webinar or instructional video services, and allow our platform to work for you.
Perhaps one of the most important tasks of any revenue-generating business owner is the billing of clients. Of course, without the products and services offered by the business, there would be no customers; in turn, without the gathering of revenue, the business would eventually cease to exist. And as any business owner knows, handling customer billing can be a tedious and time-consuming process, and is often best left to an automated software built to manage payments.
Unfortunately, not all billing software is created equally, with some lacking vital functions necessary for the automation of your payments. Instead of relying on technology that may falter, or that may not fully automate the billing process, consider utilizing Subscription DNA®, a cloud billing software with a host of functions that will ensure your satisfaction. In fact, Subscription DNA® utilizes the following billing functions and more, which can take your mind off collecting payments and let you focus on the growth of your business.
Customization of Payment Methods
Do your customers prefer to pay online using a credit card? Or would they rather process a one-time payment from a Paypal account? Or do some who mistrust Internet payments, and would rather send in their check or cash in the mail? With Subscription DNA®, you can fully customize the methods of payment, from credit to cash or purchase orders, allowing your clients to pay for your services in any way they wish.
Auto-Invoice for Your Services
Setting frequent reminders to invoice your clients for services rendered can be a hassle, and can prevent you from focusing on other, more pressing matters related to your business. Implementing Subscription DNA®, however, can streamline this process; our technology allows you to send an invoice for your services to gather payment on any schedule that you would like.
Consolidate Transactions
In many cases, clients may have multiple purchases set to renew on a single day. And instead of demanding multiple payments for each individual subscription, Subscription DNA® can consolidate the purchases into a common transaction, providing a sense of efficiency for both you and your customers.
Utilization of the Virtual Terminal
Once customers settle on a purchase and head to check out, you can automatically process the checkout through Subscription DNA® to track the transaction in your account and pass along order description. The built-in Virtual Terminal can handle one-time charges and refunds, as well as add a check/cash transaction. Process multiple subscriptions, as well as one-time purchases, and instantaneously offer a streamlined payment program for your members to enjoy.
Automate Subscription Benefits
Many businesses offer discounts to customers after a number of purchases, or lower subscription rates for clients who have shown loyalty for a given period of time. With Subscription DNA®, you can set a subscription rate for the first period, and set a recurring billing plan to charge your clients the lower rate in the period thereafter. And best of all, this subscriber benefit rate can be fully automated; set the recurring billing schedule in the beginning, and leave it be as it works on its pre-programmed routine.
Token Payments
Using tokenization security, Subscription DNA® offers protection of sensitive payment information of your clients through a host of major payment platforms. Thus, your clients can rest easy knowing that their payment information has not been stored in the system, a concern shared by consumers in today’s society. The payment gateway
Depletion of Funds/Credit
DNA includes a crediting tool that calculates any potential pro-rated balance leftover from the user’s subscription period. That credit is then applied and discounted when upgrading their subscription, or towards any next auto-bill. In addition, we also offer tools for those companies who require a pre-populate funding model. You can set a minimum amount to automatically process a card or send an invoice to the customer to replenish their balance.
Automate Your Billing Tasks with Subscription DNA®
Would you rather stress over picking the right software to automate your billing, or incorporate a user-friendly, efficient and streamlined technology into your business that will automate all of your billing needs? Don’t waste any more time on billing issues than necessary; consider implementing Subscription DNA® to fully automate your payment program.