Build your own system for generating passive income by offering subscription-based products and services with WooCommerce
What do Amazon Prime, Netflix, Apple Care, and Spotify have in common? They are all businesses that offer products and services based on subscriptions. An online business model that has become increasingly popular and is consistently growing, with a 45% increase over the past two years. According to Forbes, it is projected that the business volume of subscription-based products and services will reach $1.5 trillion by 2025.How does it work? Very simple: users pay a subscription (weekly, monthly, or yearly) to use software, access training courses, read articles from a magazine, download unlimited resources (as in the case of audiobooks offered by Amazon’s Audible, streaming movies on Netflix or sites offering stock images) or use a hosting service.
However, subscription plans are not limited to just gyms, video games, bookstores, and consulting/coaching services. The sale of themed product boxes has also become a popular trend. Many online companies now offer monthly subscriptions where customers receive curated product packs such as food, books, board games, cosmetics, and more. This business model has proven to be highly effective and successful for a wide range of services and products available in the market.
Are you interested in selling digital items (and using YITH WooCommerce Membership to limit access to online content like video courses, podcasts, articles, etc. for subscribers)? Or are you planning on setting up an e-commerce store where physical products will be shipped to customers, and you need a tool that handles recurring payments and synchronized shipping? Look no further – this plugin is the essential solution to all scenarios when it comes to selling subscriptions with WooCommerce.
INFO: https://yithemes.com/themes/plugins/yith-woocommerce-subscription/
Changelog
= 3.1.0 – Released on 16 November 2023 =
* New: support for WooCommerce 8.3
* New: support for WordPress 6.4
* New: support for WooCommerce cart and checkout blocks
* Update: YITH plugin framework
* Fix: block creating renewal order for paused subscriptions
* Fix: fix shipping total for renewal orders if HPOS is enabled
* Fix: parameters missing in WooCommerce Payments integration class
= 3.0.1 – Released on 24 October 2023 =
* Fix: YITH_WC_Subscription_WC_Stripe __construct method
= 3.0.0 – Released on 23 October 2023 =
* New: settings panel
* New: module "Renewal synchronization"
* New: module "Delivery schedules"
* Update: YITH plugin framework
* Tweak: code improvements and refactoring
= 2.33.0 – Released on 10 October 2023 =
* New: support for WooCommerce 8.2
* Update: YITH plugin framework
= 2.32.1 – Released on 05 October 2023 =
* Fix: compatibility issue with WooCommerce PayPal Payments
