Rick C Bertino’s Post

Just viewed a great message on YT regarding subscription fees others may find of great value to know. Pardon some of the language in the video due to consumer frustration from getting ripped of by "forced" subscription fees. * The average individual pays $300 in monthly - that's monthly - subscription fees. * Many companies are deceptively requiring subscription fees after purchasing their products in order to use certain features. (Yes, we are all adults and should do our research or return products when we become aware of this. But if we find these things out after the fact, such as after making a major purchase like a car, that would be incredibly difficult to return. * BMW was charging $18/m for heated seats! * A practice called "tethering" allows a company to turn your product off remotely if you don't pay! * Learn how consumer with law firms are doing to help us reduce some deceptive/bad/dumb/immoral practices and what you can do. * I just found this channel. Take a look. https://lnkd.in/gJKyP2MJ

Leaving a subscription service should be a quick and straightforward process – much like signing up for one. That’s why we’ve launched a consultation to ensure fairer subscription rules for consumers, and to level the playing field for businesses. Share your thoughts 👉 https://lnkd.in/emv9C5Bp

I personally avoid as many subscriptions as possible, and frankly, 99% of subscriptions are just pure luxury, and only a small fraction are really mandatory. Also, the reason most companies move to subscriptions is because A makes a lot of money for them, and B, which is the most important, is the mantra (theirs) of "You will own nothing and you will be happy about it." Subscription is renting and is about building reliance. They are trying to make you rely on them. Furthermore, it makes it difficult for you to switch because you need to. You will be subscribing to both until you are completely convinced that you finally want to drop the other one. With content subscriptions, you're only paying for temporary access to the content, not the content itself. That means that there's ultimately no point to libraries and playlists anymore because anything can be swapped, modified, or taken off of the service at any time. When you have a physical copy of something, no decision that isn't yours will mess with what you have paid for. With a subscription, you have no control over the content whatsoever. Same with software as well; good luck, for example, getting access to an older version of a program for whatever reason. You're forced to use what the "service provider" is offering, and for as long as they're offering it. Screw this business model.

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Happy Friday!! 📢 New Blog Post: Building Value or Profiting from Inertia? The Hidden Costs of Subscriptions 📢 In the age of subscriptions, convenience is key—but at what cost? 🤔 In our latest post, we explore the fine line between subscription services that genuinely create value and those that make it hard to break free. It’s about understanding whether a company is solving problems or just creating new ones. We share insights and actionable steps to help you regain control of your time and money, ensuring you only pay for services that truly add value to your life. And as a company leader, are you curious about a new way to consider the cost of subscriptions for your customers? See the full post is here! ⬇️ https://lnkd.in/gfVfTdAU #ValueCreation #SubscriptionEconomy #TimeIsMoney #FinancialWellness #CustomerExperience #FinancialFlexibility #FinancialFreedom

Are Subscription based models good for the consumer? Here we look into HP latest attempt into forcing customers to pay for a "subscription based" ink service and the downside it comes comes. As subsequent users found out, if you, at any stage, decide to stop this "subscription" to their ink service, HP can remotely disable the printer, even if the cartridge has sufficient ink in it. This maybe a simple version, but what if it was a "subscription based EV" which "stopped in the middle of the road" cause "your monthly fee didn't arrive on time" ? or a medical device? #saas #subscription #revenue

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Great subscription offer but struggling with take rates? 🤔 Bryan Starck says it’s not just about the offer—it’s about optimizing it and nailing the presentation.

Hoskin, CFP®, AWMA™ Nate shares two major mistakes financial advisors make when beginning to create short-form videos… Lighting & audio quality. The Rode VideoMic Me-L (or Me-C for USB-C users), costs $80 on Amazon, and it’s a great beginner microphone for advisors dipping their toes into short-form video. For less than $100, owning a pair of softbox lights will DRASTICALLY improve the lighting in your videos. Never let video quality be the reason somebody scrolls past your content!