Save time and money with easy membership management software, perfect for small businesses like med spas, veterinary and dental clinics.
As a business operator, focusing on client well-being is key. Implementing membership software for small business helps streamline operations, build loyalty, and create sustainable revenue, ensuring long-term success.
Membership and Installment plans are a powerful way to create compelling offers and lock in future business.
Membership and subscription management plan give your clients flexibility while skyrocketing customer loyalty and repeat business. They create a source of reliable recurring revenue that your business can count on.
Below, we outline membership models that consistently and reliably work for businesses just like yours. Let’s examine the four most common subscription membership software plan models that we’ve identified:
Subscription membership software plan comes in monthly or annual plans that offer specific benefits over a period of time. They typically also spread the cost of the services over time, making it easier on a customer’s budget and harder for them to turn down. Example: $34.99 monthly plan includes 2 dental checkups per year, X-rays, fluoride treatments, and 20% discounts on other services and products etc. with a 12 month membership commitment.
This membership has a low monthly or annual fee, giving access to perks and discounts. Example: Costco’s annual membership fee entitles you to shop at their warehouses, and it grants you access to their special offers, perks, and discounts both online and in-store.
Regular membership payments that convert to more value. Example: $59.99 monthly membership, which becomes $75 in monthly credit for purchases at your business when they agree to monthly payments for 12 months.
A program that is an excellent deal for buyers—getting them physically into the business where they can be upsold on other more profitable products and services. Example: Costco’s $1.50 hot dog and $4.99 rotisserie chicken. Panera Bread offers a Loss Leader Membership with their Sip Club.
Installment plans allow your clients to pay for products and services over time. They work with your clients’ budgets while locking them into your business for repeat revenue. They also allow you to upsell and package multiple services at a single price, further promoting your business value.
Installment plans tend to be used for high-priced items/packages, which can cause clients to hesitate when they don’t have the funds available and aren’t interested in applying for more credit.
For example, you can bundle six laser treatments, offering each at a discounted price. That bundle can then be paid off in monthly installments, which is much easier on the customer’s cash flow.
That makes the entire package more attractive and feasible to a broader range of people. And with the right systems in place, it forms a reliable source of income for your business.
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