In this article, we will learn how to create Subscription product in WooCommerce website. We will learn how to set up product subscriptions in woocommerce. WooCommerce has developed a plugin called as WooCommerce subscriptions plugin. This plugin will allow you to collect weekly, monthly, yearly, or even daily recurring payments on the WordPress website.
This plugin is not free. Nonetheless, this plugin will continue to function even if you choose not to renew your membership. The only drawback is that you won’t receive support or plugin updates. This is the finest subscription plugin for the WooCommerce website if you have a product that you can sell for a higher price and want to collect recurring payments.
You may offer goods and services with recurring payments with the WooCommerce Subscriptions plugin for the well-known e-commerce platform. You can use it to create and manage subscriptions for real-world or digital goods and services, giving clients the option to buy a product on a set-term basis with regular payments.
You can provide customizable subscription plans, handle rejected payments and renewals, manage client information, create automatic renewal orders, and more with the help of the WooCommerce Subscriptions plugin. Customers can also manage their subscriptions through a customer interface, change their subscription plans, and upgrade or downgrade them.
Businesses selling recurring-fee goods or services, such magazines, software as a service (SaaS), membership schemes, and more, should use this plugin.
I have already published a detailed video on WooCommerce subscriptions plugin on my YouTube channel. You can watch this video for a better understanding.
Watch step-by-step video tutorial
I hope this video will help you create subscription product in WooCommerce website. I have published many videos about WooCommerce tutorials. Visit my channel for more videos.
Steps to create a subscription product in WooCommerce:
Install and activate the WooCommerce Subscriptions plugin: If you haven’t already, install and activate the WooCommerce Subscriptions plugin by visiting the WordPress plugin repository, downloading it, and uploading it to your website.
Create a new product: Choose “Products” from the WordPress Dashboard menu, then select “Add New.” Complete the product information, including the name, description, and picture.
Set up subscription options: Choose “Subscription” as the product type in the “Product data” section by scrolling down. Following that, you will see a “Subscription Settings” section where you may configure the subscription’s cost, length, and billing cycle.
Define billing cycles: You can also configure the subscription’s billing cycles in the “Subscription Settings” section. This comprises the length of the billing cycle (weekly, monthly, or yearly), the number of payments, and the trial period, if any.
Set up automatic payments: You can automatically bill subscribers with the WooCommerce Subscriptions plugin. To set this up, navigate to the WooCommerce settings’ “Payment Gateways” section and choose the payment options you want to accept.
Publish the product: After configuring the subscription choices, preview the product to ensure that everything is configured properly, and then publish the product.
Now that they may subscribe to the service, your clients can have their credit cards automatically paid at the conclusion of each billing cycle.
Benefits of Subscriptions Product in WooCommerce
Recurring revenue: By providing subscription services, you can produce steady, recurring income that can help you manage your cash flow and expand your company over time.
Customer loyalty: Giving customers the option to subscribe to your products can help you foster their loyalty and keep them coming back to your shop.
Increased customer value: Improved lifetime customer value and profitability can be attained by using regular payments to gradually raise the worth of each individual client.
Reduced churn: Since customers are more likely to stick around if they are paying for your products on a regular basis, subscriptions can help to minimize customer turnover and enhance retention.
Automated billing: The WooCommerce Subscriptions plugin automates billing, making it simpler for you to handle your subscription products and lowering the possibility of missing payments or billing problems.
Flexible pricing options: The WooCommerce Subscriptions plugin enables you to provide variable price options, including trial periods, discounts, and more. These options can help to boost conversions and encourage customers to subscribe to your products.
Customer insights: By tracking subscriber data, you can acquire important insights into the behavior, preferences, and purchase patterns of your customers. These insights can then be used to guide decisions you make regarding your company’s operations and its line of products
You may also like to read the following articles or watch video tutorials:
I hope that this article on How to create subscription product in WooCommerce will help you. In the upcoming WooCommerce Tutorial article and videos, I will show you how to add different types of products in WooCommerce such as digital products, service products, variable products, Bookings, and accommodations products.
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