Some potential challenges in transitioning to a subscription model include: understanding customer needs and preferences, setting a price that is attractive to customers but also profitable for the company, managing the technical aspects of setting up a subscription system, and dealing with increased customer service demands. It also requires a shift in company culture and mindset, as the focus moves from one-time sales to building long-term customer relationships.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
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