Besides attracting and retaining customers who want these benefits, there's a significant advantage for subscription companies: recurring revenue. Instead of a one-time payment, monthly subscription businesses collect a monthly fee (or sometimes a year of fees in exchange for a lower monthly rate) before sending out the product or service. This revenue model provides an upfront spike in cash flow along with a longer-term outlook for a stable income. Moreover, you'll get a better sense of product volume for inventory planning and management. There is no time like the present to start a monthly subscription business to ride the lucrative wave. Here's how to launch:

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