From music and movies to everyday items like clothes and toilet paper, today’s consumers can order all sorts of products through monthly subscription services. But as more companies adopt this sales strategy, it’s possible that consumers could get tired of subscriptions once all the monthly fees start stacking up. This video looks at why these services have become so widespread and offers advice for consumers who feel they’ve taken on too many subscriptions.
Questions:
- Why are more companies starting to offer subscriptions rather than charging flat fees for their goods and services?
- What is the three-step process that can help you keep track of your monthly subscriptions?