Positive practices: Difference between revisions

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===One-time ~~purchase vs~~. ~~subscription plan~~===

~~Subscription plans are usually~~ cost-~~efficient in the short term, benefiting consumers who are unsure~~ on a product and ~~want to try it out~~. ~~Many modern services exist exclusively under~~ a ~~subscription model and operate sensibly~~. ~~One~~-time ~~purchases are typically designed~~ to ~~operate cleanly and effectively for an extended period of time~~.

===Subscription or single purchase===

Subscriptions prioritize continuous access and updates, while one-time purchases emphasize upfront ownership.

====One-time====

:A single payment granting permanent ownership or access to a physical product or lifetime software license.

::'''Positives'''<ref name=":SubOne">{{Cite web |last=Fernandes |first=Lauren |date=February 6, 2024 |title=Consumer Outlook 2024 |url=https://nielseniq.com/global/en/insights/report/2024/consumer-outlook-2024-6-consumer-sentiment-driven-strategies-to-drive-growth-and-capture-spending/ |website=Nielsen IQ }}</ref><ref name=":SubTwo">{{Cite web |last=Goodbread |first=Justin |date=October 27, 2023 |title=The Truth About Recurring Revenue |url=https://www.forbes.com/councils/forbesfinancecouncil/2023/10/27/the-truth-about-recurring-revenue/ |website=Forbes }}</ref>

::*No long-term financial commitment required.

::*No ongoing costs allows customers to avoid recurring fees.

::*The users retains access indefinitely without dependency on the provider.

::'''Negatives'''<ref name=":SubOne"></ref><ref name=":SubTwo"></ref>

::*Higher initial cost may deter budget-conscious buyers.

::*Limited updates and future improvements may require additional purchases.

::*Businesses rely on new sales for sustained income.

====Subscription====

:Recurring monthly or annual payments provide ongoing access to a product or service.

::'''Positives'''<ref name=":SubOne"></ref><ref name=":SubTwo"></ref>

::*Lower entry cost spreads payments over time, making services more accessible.

::*Subscribers receive continuous updates, ongoing improvements, and support.

::*Businesses get a predictable recurring revenue stream from recurring payments.

::'''Negatives'''<ref name=":SubOne"></ref><ref name=":SubTwo"></ref>

::*Long-term cost may become more expensive over time than a one-time purchase.

::*Ongoing commitment requires active cancellation to stop payments.

::*Subscription fatigue may cause consumers to feel overwhelmed by multiple recurring charges.

====Considerations for subscription plans====

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Services that run exclusively online innately allow the company to have more control over how their product operates and are received. This form of control can lead to changes in the product that can improve it, but can otherwise also introduce a myriad of issues such as incompatibility and the removal of functionality. Digital goods that are completely operational offline allow the consumer to decide how long those goods will be used. As long as the downloaded product can be stored and correctly rendered, it has no expiration.

====~~Considersations~~ for online services====

====Considerations for online services====

*Is this product made for online connectivity and interaction?

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-===One-time purchase vs. subscription plan===
-Subscription plans are usually cost-efficient in the short term, benefiting consumers who are unsure on a product and want to try it out. Many modern services exist exclusively under a subscription model and operate sensibly. One-time purchases are typically designed to operate cleanly and effectively for an extended period of time.
+===Subscription or single purchase===
+Subscriptions prioritize continuous access and updates, while one-time purchases emphasize upfront ownership.
+====One-time====
+:A single payment granting permanent ownership or access to a physical product or lifetime software license.
+::'''Positives'''<ref name=":SubOne">{{Cite web |last=Fernandes  |first=Lauren |date=February 6, 2024 |title=Consumer Outlook 2024 |url=https://nielseniq.com/global/en/insights/report/2024/consumer-outlook-2024-6-consumer-sentiment-driven-strategies-to-drive-growth-and-capture-spending/ |website=Nielsen IQ }}</ref><ref name=":SubTwo">{{Cite web |last=Goodbread |first=Justin |date=October 27, 2023 |title=The Truth About Recurring Revenue |url=https://www.forbes.com/councils/forbesfinancecouncil/2023/10/27/the-truth-about-recurring-revenue/ |website=Forbes }}</ref>
+::*No long-term financial commitment required.
+::*No ongoing costs allows customers to avoid recurring fees.
+::*The users retains access indefinitely without dependency on the provider.
+::'''Negatives'''<ref name=":SubOne"></ref><ref name=":SubTwo"></ref>
+::*Higher initial cost may deter budget-conscious buyers.
+::*Limited updates  and future improvements may require additional purchases.
+::*Businesses rely on new sales for sustained income.
+====Subscription====
+:Recurring monthly or annual payments provide ongoing access to a product or service.
+::'''Positives'''<ref name=":SubOne"></ref><ref name=":SubTwo"></ref>
+::*Lower entry cost spreads payments over time, making services more accessible.
+::*Subscribers receive continuous updates, ongoing improvements, and support.
+::*Businesses get a predictable recurring revenue stream from recurring payments.
+::'''Negatives'''<ref name=":SubOne"></ref><ref name=":SubTwo"></ref>
+::*Long-term cost may become more expensive over time than a one-time purchase.
+::*Ongoing commitment requires active cancellation to stop payments.
+::*Subscription fatigue may cause consumers to feel overwhelmed by multiple recurring charges.
 ====Considerations for subscription plans====
@@ Line 63: / Line 86: @@
 Services that run exclusively online innately allow the company to have more control over how their product operates and are received. This form of control can lead to changes in the product that can improve it, but can otherwise also introduce a myriad of issues such as incompatibility and the removal of functionality. Digital goods that are completely operational offline allow the consumer to decide how long those goods will be used. As long as the downloaded product can be stored and correctly rendered, it has no expiration.
-====Considersations for online services====
+====Considerations for online services====
 *Is this product made for online connectivity and interaction?