Payment flexibility and specific discounts for loyal customers are a need of every streaming business in today’s times. Identifying the loyal consumer base and rewarding them for loyalty can significantly improve the customer retention rate. And vouchers can be immensely helpful in this process!
Using the Vouchers feature of Muvi One, businesses can create and manage vouchers very easily, which can then be used by their users to pay subscriptions, access pay-per-view content, and many other purposes.
Major Highlights of Muvi One Vouchers
1. Create and Manage Vouchers
Creating vouchers is extremely easy with Muvi One. Businesses can manage every aspect related to the vouchers. From the content categories it will be linked with, to payment modes it will cater to, businesses can use the vouchers as they want.
2. Configure Voucher Usage Terms
3. Restrict Voucher Usage
The businesses can also put multiple restrictions on the usage of vouchers. They can decide how many users can use the voucher. They can also restrict how many vouchers can be used within a particular time frame.
4. Choose Content To Link With Vouchers
Businesses can choose which content can be accessed through the vouchers. They can link different content to different vouchers.
5. Create Subscription-Specific Vouchers
Businesses can also create vouchers that can be used by their users to pay off specific subscription plans. In fact, businesses can provide vouchers for both subscription-based content and pay-per-view content.
Benefits & Use Cases of Vouchers
Integrating vouchers has multiple benefits for streaming businesses, and fulfills multiple objectives like rewarding the customers, introducing new content, and giving early bird discounts.
1. Offer Free Content to Loyal Customers
Rewarding loyal customers is a necessity for every streaming business. Streaming businesses can gift coupons to their identified specific customers, using which they can either pay off their subscription fees or unlock premium content for free.
2. Give Early Bird Discounts
Businesses can create restricted vouchers where maybe the first 100, first 200, or first 500 users can redeem the discount or benefit of the voucher. This can be used to deliver early bird discounts where the first few viewers of new content will have added benefits.
3. Promote New Contents
Businesses can promote their newly released content by offering vouchers for that particular content. This will encourage the viewers to watch that content and deliver positive reviews to improve word of mouth.
4. Promote Content Categories
Businesses can promote specific categories of content by delivering vouchers that grant access to specific pay-per-view bundles.
Vouchers help reward loyal customers, promote new content, and increase viewer satisfaction. Along with the vouchers, Muvi One offers multiple monetization methods including subscription, ad-based streaming, pay-per-view, PPV Bundles, and much more! Businesses can integrate multiple payment gateways and currencies to scale their revenues at a global level. So why wait? Sign up to start your 14-day free trial today!