IoT Monetization
Unlock the true
potential of your
IoT business
Turn your smart devices into money makers
Embrace the opportunity to generate recurring revenues with your IoT products & services. With us, your smart devices will not just connect the world but also fuel your business’s growth and success.
Ensure sustained financial success
In vast majority of cases, IoT solutions are monetized through one-time sales of IoT devices.
There are multiple ways to monetize your IoT products and services beyond the IoT hardware. Interested in transitioning to a more sustainable revenue model?
Create recurring revenues with
IoT products & services
IoT enables innovative services such as predictive maintenance that are sold based on subscriptions. We support revenue growth by giving you the tools to define, sell and invoice your subscription plans. Our system monitors subscription usage and renews them in due time, fully automated.
You will no longer miss out on subscription renewals.
Why is it a big deal?
Increased data usage
The growing need for remote diagnostics, analytics and AI is fueling the exponential growth of mobile data consumption and its related cost.
Customer experience
End-Users are increasingly demanding better after sales service and support.
Efficiency gain
Customer self-service led businesses need to become efficient in their back-office operations.
We ensure your
End-Users
come back
Drive your customers life cycle returns. A unified customer journey from sourcing IoT connectivity, pricing and selling IoT subscriptions, sign-up of End-Users, to tracking real-time insights for subscription renewals.
Connect & Create
A price plan that supports your IoT business case. Create your subscriptions, for a single IoT device or a tiered group of devices, with low or high mobile data usage.
Install & Ship
Equip your devices with IoT SIM cards during the manufacturing or staging process. Ship the devices to your End-Users whenever you receive an order.
Sign-up & Renew
Offer your subscription plans to End-User and enable them to sign-up for their preferred ones. Start monitoring subscription usage and notify the End-User for upcoming renewals.
IoT Monetization Hub
Subscriptions
Combine your value drivers into a single subscription plan.
Built-in KYC
Comply with the legal requirement to validate your customers’ identity.
Multi-currency
Single price plans in multiple currencies and VAT.
Payment collection
Automated billing, collection and invoicing.
Automate renewals
Notify your End-Users for upcoming subscription renewals in due time.
API first
Integrate IoT Monetization Hub features with your own applications.
Create subscriptions
IoT solutions often provide value in multiple domains. You should therefore aim to monetize each of your value driver.
We provide you with the tools to implement subscription plans by combining multiple IoT related value drivers, e.g. the IoT device, the SIM card, the mobile data consumption, etc.
Get started now – it is incredibly straight forward.
Automate After Sales
Launching IoT subscription plans often requires manual tasks to book the revenue in due time.
A better way is to get the entire after sales process automated. We introduce billing-, collection- and invoice automation. We also inform your End-User about upcoming subscription renewals in due time.
Always compliant
Afraid of regulations when selling IoT subscriptions?
Our solution ensures that you stay in-line with regulations in particular when adding mobile data as part of your plans.
Sales application
If you are hesitant to build your own webshop, you can use our ready-made Sales Application and start selling your IoT subscriptions with ease.
The Sales App gives you all you need to sign up new customers and promote and sell your subscriptions for your IoT products and services, online.
All part of a single suite
We combine IoT connectivity and subscription management in a single platform. Get all the tools to manage your IoT SIMs , enhance customer engagement, drive recurring revenues, and scale your business.
Know your customer
Payment collections
Taxation
Billing automation
Book a demo
Monetization benefits for big and small
Recurring revenues without a big investment
Strengthen brand awareness
Reduce customer acquisition costs
Freeeway provides exceptional IoT connectivity with transparency and flexibility, outperforming conventional mobile network operators.
Stefaan Top
We use Freeeway’s IoT SIM cards and reliable communication service to track lone workers all across Europe.
Nicolas Ozmer
We were looking for a flexible and reliable M2M connectivity working all over Europe. The easy use and quick support convinced us to go with Freeeway M2M SIM for our TomTom devices.
Peter Fuhrmann
Freeeway made our live dead-easy and enabled a new business opportunity for us. We and our customers love the quality of Freeeway connectivity and all the additional services they provide.
Arek Admiec
Customers appreciate that they can easily manage their subscription plans, add more credit if needed just by using Freeeway’s Monetization Hub. This makes our life simple with less support needed.
Imane Bahi
Freeeway has been a great partner for a “technologically challenged” company like ours in making cellular connectivity sales for us sound and easy.
Stan Love
Freeeway’s connectivity solution allows us to have a variety of mobile operators in multiple SIM IoT streaming devices, and still maintain a single point of contact in terms of billing and support.
Oriol Icart
Freeeway services have simplified our business, decrease the communication failures of the equipment, and opened a new dimension of our capability to enter new markets in the precision agriculture area.
Joáo Noeme
All you need to know about IoT Monetization
We outline the drivers why we see subscriptions as the future model to monetize IoT. Based on the IoT Monetization Hub we give examples on IoT subscription plans.
Read more about
IoT Monetization
Unlocking Revenue Streams: Innovative Strategies for Successful IoT Monetization
Traditional models for IoT businesses are more centered around selling a particular IoT solution or a set of services that support the IoT ecosystem. While this model is easier to understand and implement, there is a major gap when it comes to unlocking the potential of monetizing the data usage.
How to Monetize Your IoT Product Using the Subscription Business Model
The heart of the IoT Monetization Hub lies in its MONETIZE component. It empowers businesses to create, manage, and invoice IoT subscriptions that encompass hardware, software, services, and connectivity.
FAQs
Which payment methods do you support?
The IoT Monetization Hub supports credit card payments with Visa and Mastercard as well as PayPal.
Can I have my own Payment Provider integrated?
Yes, we can integrate your preferred payment provider directly with the IoT Monetization Hub. In case you operate your own Application where you already provide payment services, you integrate the subscription and connectivity management via API’s and fully utilize all capabilities of the IoT Monetization Hub.
Why is the KYC Process needed?
When you offer a telecommunication service, it is mandatory to validate the identity of every SIM card holder in most EU countries since 2019.
The respective regulations are very country specific and currently implemented in the following European countries:
Albania, Austria, Belarus, Belgium, Bulgaria, France, Germany, Greece, Italy, Macedonia, Montenegro, Norway, Poland, Slovakia, Spain, Sweden, Switzerland, Ukraine
Which KYC methods are valid?
In case you are operating a point of presence, you can verify your customers identity when they are in your shop. When you offer your subscription plans online, Photo-, Video-, and Bank-identity are legal means to validate an End-Users identity.
Am I free to define my own subscription models?
Yes, in case you are using Freeeway’s IoT Monetization Hub, you can define as many subscription plans as you want. You can operate in the pre-defined set of parameters like tiers, validity terms, limit types – device, sim card, mobile data usage, one-time fees, etc.
What is the validity term of a subscription?
The validity term defines until when the subscription can be used from the date of purchase.
You can use any validity term of a subscription, but most commonly are monthly and annual terms. In case you want to e.g. promote the sales of annual subscriptions, you can provide a discount compared to monthly payments of the same subscriptions in the system.
How do you price the IoT Monetization Hub?
The IoT Monetization Hub is based on a SaaS model, with fixed monthly fee and a revenue share agreement of all payments processed via the platform.
Can the IoT Monetization Hub only be used in combination with Freeeway’s IoT Connectivity?
The IoT Monetization Hub can also be used as a stand-alone application, working with your preferred IoT connectivity provider. However, for full service experience, and time to market advantages we would be happy to supply the IoT Monetization Hub together with Freeeway IoT connectivity.
