In reply to Making a case for subscriptions-based Market.

geek_girl•24th of January 2016•to Andrew Boon

"We plan the subscription-based products to be reviewed and supervised strictly, since the payments would go through us and we must ensure quality."

I doubt if the vendors are going to like this. Most vendors want the payments to be handled by them; now Booenx is going to be the man-the-middle? Some vendors have already moved their products outside of the Market and more may follow.

Permalink•Reply•Plus•1 pluses

Andrew Boon•25th of January 2016•to geek_girl

Yes. They won't like it. I know for sure though that it would increase sales significantly. Frictionless billing is what made Apple App Store so successful.

"The average rate of cart abandonment in 2015 is 68%." - this can be halved if billing is done through one-click order billed to preset card. It's even more pronounced in Boonex Market, because every vendor has their own separate checkout, so shopping cart has be checked-out in stages. Theoretically, we should be able to DOUBLE see more

Permalink•Reply•Plus•1 pluses

Blogs

Help

Product

Company