How do subscription plans work?
I have a right headache of a question that I have been Googling to death and can't find an answer. I really need the help of somebody who understands subscriptions.
Basically, myself and another guy I know have big Facebook groups totally nearly half a million people between us (and growing rapidly by 2,000 every day) in the plant based eating niche. I have a meal plan subscription I am working on where people will be sent meal plans and shopping lists weekly.
We want to sell this subscription plan for only $1 monthly because we know at that price we can pretty much get everyone in the groups (and new ones coming in) onto it because nobody minds signing up for a dollar. And obviously they are getting awesome value and we still make a lot of money.
But, my question is, how feasible is it to sell something on subscription for just $1? I mean it sounds great on paper, but in reality does it work by the time all fees are paid to subscription companies and whatever else. I don't want to get this pricing wrong and mess everything up. Is there someone out there who understands about this stuff because I just can't get my head around it?
Thanks so much!