The subscription model, particularly in e-commerce, offers consumers a convenient, personalised, and often lower-cost way to buy what they want and need. In Asia, we are seeing more regional companies attempting to emulate the subscription-based models seen in the West and trying to replicate them in the region.
Marketers looking to capitalise on this cultural shift should explore subscription-based models or tiers, or take note of key points in the year when purchase behaviour is up to get the most bang for their buck.
Asia is home to some of the highest performing countries in terms of Day 1 mobile app user retention, although loyalty towards apps in general tends to drop off after 30 days, according to the annual Mobile App Trends Report, which provides insights into the booming app economy.