Drive LTV with Prepaid Subscriptions!
Increase LTV, offset CAC, and secure revenue up front with Ordergroove’s Prepaid feature. With the release of our Prepaid Beta, you can now give customers the option to prepay for a longer-term subscription in exchange for a deeper discount.
Here's the key: Prepaid subscriptions are all about increasing the number of successful orders per subscription, so make sure you offer prepaid terms that will boost this number. For example, if you're already getting 4 or 5 orders from your subscribers before they cancel, make sure the prepaid plans you're offering are at least 6 orders in duration.
Also keep in mind: You can start small and test out prepaid with just one product before rolling it out sitewide!
Alpha merchants have already seen a 2X lift in revenue and upwards of 40% of new subscription sign ups as prepaids. The market has spoken, and it’s clear that Prepaid is the latest and greatest innovation in subscription commerce. For a step by step guide on how to set them up, check out the Prepaid hub in our Knowledge Center.
Head over to Subscriptions > Prepaid to request access. If you have any feedback please send it to help@ordergroove.com, we’d love to hear what you think.