10 Subscription Promotions That Work for Publishers (Part 1 of 3)
Pete and Tyler discuss promotion strategies for publishers that actually work.
Here are the key points they cover:
Here are the key points they cover:
- Avoid Low-Value Promotions: Promoting subscriptions for a low price like one dollar undermines the perceived value of the content. It's better to avoid such steep discounts.
- Simplify Subscription Options: Presenting too many options or complicated pricing can confuse and deter potential subscribers. A simple and clear offer is more effective.
- Free Registration Strategy: Implementing a free registration system on the website can help in building a database of potential subscribers and nurturing them towards paid subscriptions.
- Promotional Pricing: Instead of devaluing content with low prices, use promotional pricing smartly. For example, offering three months for the price of one at a reasonable rate rather than a nominal one.
- Effective Coupon Strategies: Using coupon codes can be an effective promotional tool, especially if the process is streamlined and the discounts are meaningful without being overly generous.
- Promoting Gift Subscriptions: Encouraging gift subscriptions can boost sales, especially if the process is made easy and the offer is appealing.
- Utilize Post-Purchase Promotion: Use the thank you or confirmation page after a purchase to promote other relevant offers like gift subscriptions or family plans.
- Monthly vs. Annual Pricing: Promote annual subscriptions by highlighting their monthly cost equivalence, making the price seem more affordable while securing longer-term commitments.
- In-Content Promotions: Placing subscription promotions within content, visible to non-subscribers, can be an effective way to convert readers into paying customers.
- Ad-Free Subscription Options: Offering an ad-free version of the content at a higher price can attract subscribers who prefer an uninterrupted experience.
- Landing Page Optimization: Use the homepage or a dedicated landing page to promote subscriptions effectively. Ensure visibility of the subscription offer, especially on mobile devices.
- Keep It Simple and Valuable: The overarching theme is to keep offers simple and ensure that they communicate the value of the content rather than devaluing it through excessive discounts or complicated pricing structures.
