Summary
More consumer-facing businesses are launching paid membership programs, and Forrester expects this trend to continue. Why? Customers who are members spend more (and more often), are more engaged, and feel better about the company. That’s especially appealing to brands, which love the consistent and recurring revenue on their books. Paid memberships help B2C companies achieve a differentiated offering that many consumers will find appealing. In this report, we give digital business professionals an overview of consumer behaviors and attitudes around paid memberships, as well as guidance on how to put together a business plan to launch a paid membership program.
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