subscription-based model

A subscription-based model is a business approach where customers pay a regular fee—such as monthly or annually—to access a product or service. Instead of buying a product outright, customers subscribe to receive ongoing access, often with updates or support included. This model provides steady revenue for the provider and convenience for the customer, who benefits from consistent access without large upfront costs. Common examples include streaming services like Netflix, software services like Adobe Creative Cloud, and subscription boxes. It emphasizes recurring relationships, building long-term engagement between the provider and the customer.