Happy New Year! … busy start, just launched: Fritz Motorsport (DE), Accussi Records (CH) & HIBOTEP (ET), SPE – Stainless Precision Engineering (SA). In the making: De Beers Shining Light Awards 2021 (BW), Shared Value Africa Initiative (SA).
Selling a gadget isn’t enough anymore. Creators need to find a way to keep revenue coming in, even after they sell a device. Companies like Peloton sell the hardware, but also a service to go along with it. Ashley Carman reports on recurring revenue and subscription services, and why they might be the key to keeping hardware businesses afloat.