Well, hello and welcome back. My name is Stephanie Safarian and you're listening to

episode 268 of sustainable minimalists, a twice-weekly show about intentional

and eco-minimalist living. Oh my goodness, how have I done this?

268 times.

Here's the 268 more.

On today's show, we are discussing the rise of subscription services

and the implications of recurring payment models.

That sounds really boring, but it's going to be fun, I promise.

Back when I was a kid in the 90s, the most common subscriptions were newspapers

and magazines. You pay up front for the year and then the newspaper and the magazine. They

come regularly until you call to cancel.

For a long time the subscription model

stayed in its lane.

They stayed confined to industries

where it naturally belonged, like magazines and newspapers.

But then suddenly, everybody hopped on the subscription bandwagon.

It became a thing that every company was doing for the simple fact that businesses caught on to the fact that the subscription model makes them more money.

The pandemic too did really help the subscription economy and that's

because first of all many businesses through a Hail Mary to stay afloat

they switched to a subscription model, and then many businesses

were shocked and surprised in a good way when the subscription model made them more money

than the traditional model.

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