I have a question for those who have membership based sites and in addition to monthly recurring fees give their customers an option to pay 3, 6 and 12 months in advance:
Are you concerned about the following?:
- If your site goes belly up - you personally will be responsible for returning money to those customers who have paid many months ahead?
- Re-bill customers are more loyal customers and don't need to be "bought" again when their one time fee membership expires
- You can get more money out of a customer by having him on a rebill
- If you sell your business all the multiple month memberships that are still active are "liability" and decrease the price of your business.
Thank you for your opinion!
Are you concerned about the following?:
- If your site goes belly up - you personally will be responsible for returning money to those customers who have paid many months ahead?
- Re-bill customers are more loyal customers and don't need to be "bought" again when their one time fee membership expires
- You can get more money out of a customer by having him on a rebill
- If you sell your business all the multiple month memberships that are still active are "liability" and decrease the price of your business.
Thank you for your opinion!