Season passes can be one of the most important ways sports teams and events generate revenue each year. Who wouldn’t like to be selling more season passes? They come with a number of benefits both for the team and for fans.
One way you can increase passholder retention season after season is by using the Subscriptions feature on Passage to create passes that automatically renew.
Why auto-renew? Simply put, it’s more convenient for fans and it can help boost your team’s bottom line, too. Click the button below to learn more about how Subscriptions by Passage work, or keep reading for details on the benefits and best practices.
Auto-Renewal | Manual Renewal | |
Fan Convenience | No action required by fans to renew their season passes. | Fans must login and re-purchase each time they want to renew their season passes. |
Email Notifications | Receipts are sent automatically when a subscription is renewed. | Notifications must be sent manually asking fans to re-purchase. |
Product Access | Access to games and other perks continues uninterrupted throughout the year. | Access is cut off unless fans re-purchase. |
In today’s busy world, set-it-and-forget-it subscriptions are the ultimate convenience. No one likes having to log in and dig out their credit card info all the time. Auto-renewing passes allow fans to bypass the whole process of re-purchasing each season, where they’d need to re-enter their information just as if they were purchasing for the first time.
You might be surprised how many fans fail to renew their season passes simply because they forgot or because life got busy. With auto-renewing passes, there’s no need to remember to complete payment before their subscription expires. The system simply “remembers” for them.
Auto-renewals give fans access to the benefits of a season pass on an ongoing basis. Especially if your team’s season passes typically sell out before the season begins, an auto-renew option gives current passholders peace of mind knowing that their seats are secured. Fans can always choose to cancel their subscription or update payment information whenever they need to.
Some percentage of fans might cancel their auto-renewals, but you’re likely to increase your passholder retention rate and decrease customer churn when you use this type of subscription plan. It’s so easy for fans to set it and forget it; they may be less likely to actively log in and cancel than to continue their subscription when next season rolls around.
Auto-renewals can boost your bottom line and ensure fans stick with you season after season. That may mean less guesswork for your team when you’re budgeting for the upcoming year. If you can clearly see how many subscribers you have, or how many have already auto-renewed, you can better project revenue before the season even starts.
Cut back on the amount of time you spend every season setting up and administering a manual renewal process by making it automatic. With an auto-renewing plan, new games can simply be added to a fan’s subscription as you create them.