Are you a magazine or newspaper publisher? A SaaS (software as a service) provider? A nonprofit asking people to pledge periodic donations?
Then you might want to consider forecasting your sales (or part of your sales) with a subscription, or churn-rate, model. This kind of sales forecast allows you to make projections that take into account ongoing revenue, new customers, and cancellations.
Both Business Plan Pro and Marketing Plan Pro have a special add-in sales forecast for handling subscription sales. To access this feature:
First, download it from our website
- Make sure you have a working Internet connection open
- Open your business or marketing plan in your Palo Alto software program
- On the Tools menu, click Add-ins
- (Note: your serial number should automatically load in the web page. If it doesn’t, you can find it by clicking About in the Help menu)
- Scroll down the list until you find Sales Forecast-Subscription (Churn Rate) Model
- Click Download Component
- If prompted to Find a program or Save the file, click Save. Then browse to a location where you want to save it, such as your Desktop.
Then, import it into your plan
- Return to your plan software
- On the File menu, click Import
- Choose Import an Add-In, and click Next
- Browse to the location where you saved the downloaded file
- Highlight the downloaded file name and click Open, then click Next
- Click Finish
The new subscription model sales forecast will open for you to see and work with. Instructions above the spreadsheet get you started. You can also click Search on the Help menu, and search for “subscription” to find more information.
Finally, link it to your tables
The Subscription forecast currently exists in your plan as a stand-alone table. It doesn’t replace your regular Sales Forecast table, and doesn’t feed into your plan’s financial data. To make your subscription forecast part of your financial plan, you can build a link in the main Sales Forecast table to the “Total Sales” row of the Subscription Model sales forecast.
Click here for detailed instructions on linking your Subscription Model to your main Sales Forecast.