Frequently asked questions
What is the membership economy?
The membership economy is a business model where customers subscribe to ongoing access to a product or service.
How does the membership economy benefit businesses?
It provides businesses with predictable revenue and creates customer loyalty.
What are examples of membership economy businesses?
Examples include Netflix, Amazon Prime, and Spotify, where customers pay a subscription fee for continuous access.
Benefits
The membership economy offers predictable revenue, higher customer retention, and the ability to build long-term relationships with customers.