Xion Protocol, the one-stop subscription service platform, is offering the world’s first complete end-to-end solution for anyone looking to enter the subscription space. With the Xion Protocol platform, anyone can start and manage their own subscription service or delivery, even starting from scratch.
Netflix. Blue Apron. Dollar Shave Club. The subscription business draws in hungry entrepreneurs from across the globe, growing 100% annually over the last five years and generating more than $2.6 billion in sales in 2016, according to McKinsey. Companies that have recurring revenue have ten times the valuation of those that don’t. But getting into the business of subscriptions is a headache and a half. On top of inventory, quality control, and customer service, subscriptions need to deal with international shipping, customs, border controls, mail returns, replenishment, recurring payments, chargebacks and fraud, KYC verification, and cancellations. These overwhelming barriers to entry shutout many hopefuls and can sink even the strongest concepts.
The Xion Protocol platform makes launching and maintaining a subscription business as easy as opening a Pinterest board, by offering an extensive array of user-friendly tools:
- Subscription creation: With varying subscription frameworks, a design center, management tools, live analytics, product shipping and tracking, and an affiliate center.
- Supply chain management: You don’t even have to have your own stock to start a subscription business, you can mix and match products from participating suppliers worldwide to create your dream box. Xion can also handle design and packaging, shipments tracking, SKU tags and more.
- Customer service automation: with customer satisfaction lists, a messenger client, pre-made response banks, response analytics tools, and promotions and offerings.
- Social: with retailer/supplier/user/content creator profiles, profile monetization, commission percentage tools, subscription user content creation tools, voting/liking rewards mechanisms, and a built-in content social media platform.Xion
Xion Protocol utilizes blockchain technology, meaning the complex web of subscription management is executed through smart contracts. These auto-triggered contracts will coordinate the delicate balance between international suppliers, shipping and processing, and customers across the globe. And because Xion Protocol operates on an independent blockchain, it offers its services on a freemium basis without transaction fees, monetizing premium features for enterprise clients. The platform will also enable subscribers to easily manage all of their subscriptions from one place, communicate with their favorite brands, submit feedback, and even cancel without a hassle – something rare in the subscription industry.
“Whether you’re a retailer or service provider looking to expand your reach and create recurring revenue through subscriptions, or an enthusiast who only has a dream of the perfect subscription, Xion Protocol can make your vision come to life,” said Ronan Quarmby, twenty-something Founder and CEO of Xion Protocol, who also happens to have starred in an action film and competed in numerous world superbike championships.
“Ronan and I started numerous t-shirt and subscription businesses that generated close to $3 million in annual turnover out of our garage as teenagers, and there’s no better way to learn entrepreneurship than to dive right in,” said Aeryn Quarmby, Ronan’s younger brother and co-founder of Xion. “We’re proud to be empowering SMEs and breakout executives alike with the awesome creative and financial opportunities of recurring subscription revenues.”
Xion is creating a new approach to the current subscription industry by eliminating the need for extensive third-party applications and allowing for a Freemium interface, utilizing blockchain protocols to establish a single platform for any type of subscription model. Xion is approaching the market with not just one targeted industry but a multitude of industries for scale in subscriptions, thus allowing any and all retailers globally to add or automate subscription models for their businesses, be it online or offline via POS device. Xion will be the first platform of its kind to offer a basic Freemium service to ordinary users to create, manage, edit, sell content, scale and run a subscription company with the sufficient tools globally.