Understanding Access-Based Consumption
Access-based consumption is an increasingly popular way for businesses to offer goods and services. Rather than charging customers for ownership, access-based consumption allows customers to access goods and services on a subscription basis. This type of consumption model has become increasingly popular in the age of the “sharing economy.”
Benefits of Access-Based Consumption
Access-based consumption offers numerous benefits for businesses and customers alike. These include:
- Increased customer loyalty. Customers who use access-based consumption models tend to be more loyal to the businesses they use, as they become accustomed to using the same service on a regular basis.
- Lower overhead costs. Businesses that offer access-based consumption models don’t have to worry about the costs associated with producing and storing physical goods, or about the costs of maintaining a large inventory.
- Increased flexibility. Customers who use access-based consumption models can often change their subscriptions or upgrade their services as needed.
- More efficient use of resources. Access-based consumption models allow businesses to make more efficient use of resources, as customers only pay for the services they use.
Examples of Access-Based Consumption
Access-based consumption models have become increasingly popular in recent years. Some of the most popular examples include:
- Streaming services. Services like Netflix, Hulu, and Spotify offer access to a wide range of movies, TV shows, and music on a subscription basis. Customers can access these services for a monthly fee, rather than having to purchase individual items.
- Ride-sharing apps. Ride-sharing services like Uber and Lyft allow customers to access transportation on a subscription basis. Customers pay for the rides they take, instead of having to purchase or lease their own vehicles.
- Cloud storage services. Cloud storage services like Dropbox and Google Drive offer customers access to storage space on a subscription basis. Customers pay for the amount of storage they need, instead of having to purchase or lease physical storage devices.
Access-based consumption is becoming an increasingly popular way for businesses to offer goods and services. It offers numerous benefits for both businesses and customers, and can be seen in a wide range of industries.
References
- https://www.forbes.com/sites/forbesfinancecouncil/2018/06/01/why-access-based-consumption-is-the-future-of-business/#d1a8f7b6f16f
- https://www.zdnet.com/article/access-based-consumption-the-future-of-enterprise-it/
- https://www.business.com/articles/access-based-consumption/