Shine Sticker Studio is an e-commerce business which designs and manufactures stickers and accessories for daily planning, scrapbooking, journaling, and more. The business offers several online payment solutions for single point-of-sale purchases as well as a monthly subscription powered by PayWhirl.
Adding a subscription via PayWhirl’s online payment app
Debby Gwaltney runs the business and designs the products. She recently debuted the company’s Shine Sticker Subscription using the PayWhirl online payment app. According to Ms. Gwaltney this new offering has definitely helped grow the business.
“In the first two months we offered the Shine Sticker Subscription, we had an increase of more than $8,700 in sales.”
Debby Gwaltney, Shine Sticker Studio
Benefits of subscriptions for e-commerce business
E-commerce offers numerous benefits for businesses, consumers, and the overall economy. One benefit is that it eliminates geographical limitations, allowing businesses to reach customers across the world. It also offers unparalleled convenience for both businesses and customers. And e-commerce can significantly reduce operational costs for businesses compared to traditional brick-and-mortar stores.
One huge benefit of subscriptions for online payment business is that they provide a more predictable and stable revenue stream. Instead of relying solely on one-time purchases, businesses can generate recurring revenue from subscribers. This predictability enables better financial planning, resource allocation, and long-term growth strategies. Learn more about the value of subscription services here.
Advice from the Shine Sticker Studio team
Running a successful business requires a lot of time, energy and effort. While subscriptions can have significant benefits for online payment based businesses, they also require careful planning and execution. Factors such as pricing, perceived value, customer experience, and ongoing product/service quality play crucial roles in determining the success of a subscription model. One way to make subscriptions more manageable is partnering with a trusted payment processor. Check out these 6 compelling reasons a professional subscription management provider is a good move for your business.
“Love what you do and do what you love. Sorry, I know that’s lame, but running a business is no small feat and will wind up using ALL of your energy, resources and time and unless you love it, it just won’t work.”
Debby Gwaltney, Shine Sticker Studio
To learn more about how PayWhirl’s flexible, online payment options can help increase your revenue, please reach out to us via the chat feature at https://app.paywhirl.com.
