Meetanshi Announces the Subscription Model for Magento Extensions
We introduced a subscription-based business model for Magento extensions with effect from February 01, 2022, meaning that all products within new orders are now available by subscription only, replacing the old “onetime-payment” model.
Magento Market is Ready to Introduce Product Subscriptions
The Magento market is changing.
To fulfill the customers’ demands for the best support service and quality products, the industry has switched to a subscription-based model for Magento extensions.
And we, along with the leading Magento extension providers, including official Magento Marketplace, Amasty, Mageplaza, Aheadworx, and Mirasvit, following E-commerce market best practices, made a joint effort to ensure continuous value delivery to our customers.
How Does Our Subscription Model Work?
- The annual product subscription includes the SUPPORT SERVICE and UPGRADES along with the Magento extension package.
- You can renew the subscription of the orders by paying 60% of the product price as renewal charges and continuing the subscription.
- At any point in time, if you decide to cancel the subscription, you still have access to the code base of the extension package.
- Upon cancellation of your subscription, you’ll lose professional support & regular updates for your extension.
Our Subscription Pricing Model Example
Now, let’s understand our subscription model by using an example.
Suppose you want to purchase an extension that is worth $100 from Meetanshi. The first-time product purchase will come with a free 1-year subscription to support services and regular updates. The subscription can be renewed from the next year at the rate of 60% of the product price, i.e. $60 in this case, per year.
Meetanshi’s Subscription Pricing Model Example |
|
|---|---|
| Particulars | Details |
| Total Price of Extension / Service (for e.g.) | $100.00 |
| Date of Purchase | February 1, 2023 |
| Free Support Service & Upgrades | Till January 31, 2024 |
| 1-Year Subscription Renewal Charges | $60.00 (60% of product price) |
Currently, we are offering an extra 10% OFF on subscription renewals of the extensions purchased before February 1, 2022 (Early bird orders). Offer valid till 31 January 2023 only! Please check your registered email for the exclusive coupon code or contact us.
How Do Our Customers Benefit from Subscription-Based Business Model:
- Better product quality with continuous investment in development, QA, and compatibility assurance.
- Customers will now get more frequent product upgrades by implementing market research studies, the latest approaches, and user experience practices.
- Warranties for the stability of service and full coverage with integrated updates and support packages.
- Lifetime access to the original code base.
- Availability of all Magento versions and inter-product compatibilities.
- Availability of all new features delivered within the product line.
- And full support coverage for the product during the entire subscription period.
Over the last few years, there’s been a transformational change that’s happening throughout the economy. An ever-increasing number of global B2C and B2B companies are switching to the subscription-based business model.
E-commerce platforms like WooCommerce, Shopify, and Shopware have already adapted to the subscription model, making access to the software and updates an option of their client’s choice.
The subscription model has made it possible for the vendors to provide end-users with everlasting integration of new features and crucial updates to the existing products.
This reformation in the business model has not only transformed B2B companies but has also marked its benefits for customers and businesses, hence a win-win situation!
What do you think about this news? Do share your thoughts in the Comments section below.
Also, stay tuned for more details about subscription plans and pricing structure.
What do you think about the subscription business model for Magento extensions? We appreciate your valuable feedback on this switch. Please take 2 minutes time out of your schedule to fill out this Survey Form.
FAQs
What are the Early Orders?
The orders that were placed before the introduction of the subscription-based model, i.e. before February 1, 2022, will be considered Early Orders by Meetanshi. They will receive a 10% benefit on the first renewal of their subscription.
How will I benefit from the product subscription business model?
With subscriptions for Magento 2 extensions, you will now get:
- Better product quality
- Regular feature updates
- Free support included
- Compatibility with the latest Magento version
- Lifetime access to the original extension codebase
Do I have the option to cancel my subscription?
Yes, you can cancel your subscription any time you wish. You won’t be charged further and will lose access to extension updates and support services. However, you can still use the extension package in your online store.
Is there any other pricing option apart from a subscription?
No, the annual product subscription model is our only pricing method now. The one-time payment method is no longer available.
How do I know further details about the subscription model?
Please subscribe to our newsletter and follow us on Twitter to get timely updates on our terms and conditions regarding product subscriptions.
Please contact us if you want to talk anything about product subscriptions.
Thank you.
![Meetanshi Magento Extensions Launches and Updates August [2021]](png/meetanshi-magento-extensions-launches-and-updates-august.png)
2 Comments
I don’t think this is good news, quite the opposite.
Magento is already making the platform uninteresting for many SMB customers with the ever increasing requirements and costs, such as Elasticsearch, which often means a need for dedicated hosting and need for a professional support for even the smallest needs.
Many of our customers have 10-30 extensions in their stores and changing to a subscription model will add yet another cost (presumably a significant one) to them annually.
We are already looking for alternatives to replace Magento and have stopped recommending it, many other platforms are easier to setup and maintain, even if they already have the subscription model for extensions.
I also know that we’re not the only one, on the current path Magento CE will probably be a thing of the past in a few years.
Hello Peter,
Adobe’s now moving toward recurring billing as an adaptation of the Magento ecosystem to the general eCommerce trends. The other CMS platforms like Shopify, WooCommerce, Shopware, etc. have already started this trend, so switching to other platforms won’t be helpful.
Also, as far as costing is concerned, you can always pay the one-time price and keep using the original extension package for lifetime. Only if you need the upgrades and support service, you need to pay for the subscriptions.
Additionally, though Magento is not easy to maintain, it is only because the platform is capable to run an online store with complex functionalities, thousands of products & customers, and high performance.
The decision to switch the business model to subscriptions will also benefit the customers as they will get free support service included, timely upgrades and high quality of Magento extensions,
Thanks.