How to sell subscription products on Sellfy?
What are subscription products?
The subscription model allows you to sell a series of products with recurring payments (for example, annual licenses or products with regular/periodic content updates).
It's a great way to boost customer loyalty and increase your revenue. If selling subscriptions is new to you, here we've listed some seriously convincing pros, plus, some ideas for your future subscription products.
How does it work on Sellfy?
With our toolset, you can set the subscription payments in daily/weekly/monthly/annual intervals. This means you'll need to update the product file in the same intervals.
So, for example, when a customer buys your monthly subscription, they will receive the new product file once a month, and they will be billed once a month as well. The same goes for the other intervals.
The billing cycle for each subscription will be based on the purchase date and time.
So, for example, if the buyer purchased your subscription on September 9, and your subscription interval is set to month, the next charge will occur on October 9.
Buyer download links will have a 5 download attempt limit (same as for regular purchases) and will be automatically reset with each new billing cycle (or, in other words, when the new product edition is released).
How can I start selling subscriptions?
First, you need to make sure your payment options are set up correctly.
- If you use PayPal to collect payments, follow the instructions in this article
- If you use Stripe, follow the instructions here
Once you've configured your payment options according to the instructions, you can
- Create a new subscription product in the Add new sub-section
- View and edit the created subscription products in the All Products sub-section
How can I keep track of my subscriptions?
What happens if I change the subscription at some point?
Can I change an existing product into a subscription?
No, currently it's not possible to transform existing products into subscriptions. You'll need to create entirely new subscriptions for that.
Can I set the subscription price to Pay What You Want?
The Pay-what-you-want pricing is not available for subscription products.
How can my customers manage their subscription?
Your customer can cancel their subscription from their product download page. Or if your customer has paid with PayPal, they can also cancel their subscription from within their PayPal account. Otherwise, if your customer has a buyer account with Sellfy, they can also cancel their subscription within their Sellfy account. You can direct your customers here for assistance.