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Subbot – A Smarter Way to Manage Your Subscriptions

Originally Posted on September 23, 2020
Last Update on September 24, 2020
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A business idea “Subbot”: A Smarter Way to Manage Your Subscriptions. Inspired by Suhail Doshi. [1]

Problem

Subscriptions are everywhere; music, movies, gyms, books, or even cosmetics.

The abundance of choice is giving us a hard time managing all subscriptions, to the point we often pay services we don’t use. 

Solution

As Suhail suggested, Subbot is a simple mobile app to monitor, subscribe/cancel, upgrade/downgrade subscription services based on the usage.

Quote

“I’d pay $10/mo for an app if it all it did was subscribe to things, notice I didn’t use it, and stop the renewal.” – Suhail Doshi

Growth

Connecting with each subscription wouldn’t be so hard, but scaling is tricky as you need to build the connections one by one.

Subbot could follow what Zapier did – build a few connections first then let service providers build it themselves. [2] 

Competition & Validation 

There are plenty of tools available to save money today: Trim, Copilot, DoNotPay, to name a few. [3][4][5] With these tools, you can monitor and review your spendings.

Subbot differentiates itself by focusing on subscription management.

Business Model

There are a few ways Subbot could make money.

First, charge users for a small fee on a monthly basis (e.g. $5/mo).

Second, earn referral commissions from service providers when users subscribed to their service through Subbot.

— 

[1] https://twitter.com/suhail/status/1299357019384680448?s=21 

[2] https://zapier.com/platform 

[3] https://www.asktrim.com/ 

[4] https://copilot.money/ 

[5] https://donotpay.com/  

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