A subscription-based model can significantly influence a company's product development strategy. It encourages companies to focus on creating products that provide ongoing value to retain subscribers. This model also promotes continuous improvement and updates of the product to keep the subscribers engaged and satisfied. It can also lead to a more customer-centric approach, as companies need to understand and cater to the needs of their subscribers to reduce churn and increase customer lifetime value.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
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