When Chris Ye was youthful, he used to reside along with his roommates.
Throughout that point, he subscribed to totally different streaming companies and his roommates would ‘journey’ on his subscription plan and pay him again their share of the fee each month.
“It used to work properly initially, however it will get difficult over time. One forgets to pay and it makes me uncomfortable to chase him for that, and the opposite pays on a random day of the month, making it laborious to trace,” lamented the 34-year-old.
This was what sparked the thought of ShareIt.sg, a platform that helps to handle subscription plans.
Adopting the identical idea as “carpooling, however for subscription companies”, Chris mentioned that it’s the first of its variety to be launched in Asia.
Subscription companies have remodeled how we eat media content material. It was simply accessible and offered entry to a big listing of films, TV reveals, and songs. These days, the panorama has modified with extra opponents coming into the market.
Content material rights are scattered, pushing the customers to subscribe to an increasing number of companies. ShareIt.sg is the answer to assist customers spend much less and revel in extra.
– Chris Ye, founding father of ShareIt.sg
How does it work?
ShareIt.sg brings collectively customers who’ve subscribed to a platform and want to share out there slots supplied by their subscription to divide the prices, whereas respecting the simultaneity of the screens or the listening offered by their subscription.
It permits customers to save lots of from their subscriptions by making a “digital household group”. The financial savings are primarily based on what number of co-subscribers you’ll be able to share with.
“[The] extra members you’ll be able to share with, the extra financial savings you get. You’ll be able to count on price financial savings from 50 per cent to a median of 70 per cent,” quipped Chris.
Furthermore, the transactions are secured and automatic — fee is instantly credited to the proprietor’s checking account each month, so there is no such thing as a purpose for missed or late funds.
There are two kinds of sharing processes relying on the service.
One [is] by way of invitation, that means the account proprietor would want to ship an invite hyperlink to the member. When members be a part of the digital household group, they will entry a personal group chat to rearrange with the account proprietor.
The opposite is by way of entry data sharing. Members becoming a member of the digital household group will discover the knowledge (username/electronic mail handle and password) to entry the service.
– Chris Ye, founding father of ShareIt.sg
Ought to the subscriber lose entry to the account, he/she will attain out to the account proprietor by way of the group chat. If the problems can’t be resolved, the consumer can then flip to the help workforce for assist.
At the moment, ShareIt.sg helps 12 totally different companies, from video and music streaming, productiveness softwares, to VPN and gaming.
Right here’s the total listing of the plans and the utmost variety of members/co-subscribers that it permits:
- Netflix Customary (2)
- Netflix Premium (4)
- Spotify Duo (2)
- Spotify Household (6)
- Disney Plus (4)
- Apple One (6)
- Apple TV+ (6)
- Apple Music (6)
- Microsoft 365 Household (6)
- Tidal HiFi Plus Household (6)
- Nintendo On-line Household Membership (6)
- Nintendo On-line Growth Pack Household (6)
- YouTube Premium Household (6)
- NordVPN (6)
- Duolingo Household Plan (6)
In accordance with Chris, they first began onboarding the “hottest” streaming companies, and later added strategies from the customers themselves.
“From there, a workforce will assessment them to make sure that customers are legally allowed to share the service earlier than itemizing it on our platform,” he added.
Inside the framework of its exercise, ShareIt.sg stresses that it doesn’t infringe copyright nor violate the platforms’ contractual phrases.
When requested what different companies they want to add subsequent, Chris mentioned that they want to add extra safety companies similar to VPN and anti-virus.
Greater than 10,000 customers up to now
To date, Chris mentioned that ShareIt.sg has garnered greater than 10,000 customers. That is fairly substantial, contemplating that ShareIt.sg not too long ago launched in finish June 2022.
Trying again on this quick startup journey, Chris mentioned that it certainly wasn’t simple and cited two key challenges.
The primary is constructing his workforce. As he was from a advertising and marketing/consulting background, he wanted to seek out the “proper” tech result in complement his skillsets.
The opposite problem is constructing a scalable enterprise.
He admits that the journey could also be tough now, however he trusts that it’s going to turn into extra manageable in the long term. In actual fact, he has grand ambitions to broaden ShareIt.sg into one other market by subsequent 12 months, and finally cowl Asia Pacific area.
“The toughest half is to begin [but] when you might have one leg in, you’ll preserve strolling [and] overcome every problem [along] the best way,” he summed up.
Featured Picture Credit score: ShareIt.sg
