Positive practices: Difference between revisions
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====One-time==== | ====One-time==== | ||
:A single payment granting permanent ownership or access to a physical product or lifetime software license. | :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 long-term financial commitment required. | ||
::*No ongoing costs allows customers to avoid recurring fees. | ::*No ongoing costs allows customers to avoid recurring fees. | ||
::*The users retains access indefinitely without dependency on the provider. | ::*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. | ::*Higher initial cost may deter budget-conscious buyers. | ||
::*Limited updates and future improvements may require additional purchases. | ::*Limited updates and future improvements may require additional purchases. | ||
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====Subscription==== | ====Subscription==== | ||
:Recurring monthly or annual payments provide ongoing access to a product or service. | :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. | ::*Lower entry cost spreads payments over time, making services more accessible. | ||
::*Subscribers receive continuous updates, ongoing improvements, and support. | ::*Subscribers receive continuous updates, ongoing improvements, and support. | ||
::*Businesses get a predictable revenue stream from recurring payments. | ::*Businesses get a predictable 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. | ::*Long-term cost may become more expensive over time than a one-time purchase. | ||
::*Ongoing commitment requires active cancellation to stop payments. | ::*Ongoing commitment requires active cancellation to stop payments. | ||