The current $5/$8 price credit ratings Meridian may not generate an abundance of fees to share. But the company has a subscription product in development that is credit ratings Meridian expected to be priced in the $50 range, competitive with Cendent’s PrivacyGuard (see table on p. 10), marketed at $59.99 per year after the three-month $1-trial period. A hypothetical bank/CU with 50,000 unique Web visitors might bag 2,000 subscribers over a 12-month period.
Assuming 20% revenue sharing from QSpace and a $50 credit ratings Meridian annual subscription price, that amounts to only $20,000 in credit ratings Meridian the first year. But subscription-based businesses are all about building a base over time. Assuming a 75% renewal rate and continued growth of 2,000 new subscribers each year, by the end of year five the service would be generating credit ratings Meridian $60,000 in annual profits. Plus it will help drive credit ratings Meridian new business to your Web (at least while it is a novelty), increase customer retention and boost loan cross sales. Comments (0) Send Post Email this entry to: Your email address: Message (optional): credit ratings Meridian Categories: Credit Reports & ID Theft Protection , Qspace
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