Across every industry, recurring revenue businesses are becoming ever more desirable thanks to the many benefits, including predictable and measurable revenue, higher levels of customer retention, access to growth, and increasing sales and profit margins.
With a VerifiR enabled product, by giving your customer a reason to tap, you have the ability to promote a complementary accessory, extended warranty, or any number of other retail options. The purchase of the product should mark the beginning of your relationship with the consumer, not the end.
Other benefits include:
- Creating subscriptions or recurring payments
- Re-ordering directly from the manufacturer
- Social selling, cross-selling and upselling
Importantly this builds a brands direct business, regardless of where the product itself was purchased from, allowing you to retain more margin.