Today’s episode is short and sweet but full of some amazing ideas that you can implement into your business right now. Many people have been asking about ideas on how to get recurring revenue happening in their business, so I will share exactly that. Grab a notebook and a pen because you’re not going to want to miss these key tips!
I will start by outlining the importance of recurring revenue and how it solves key issues that businesses deal with. You will then learn about the different subscription and non-subscription options you can add to your business to bring in more recurring revenue over time. And be sure to listen to the end where I share one key component that will make or break all of these ideas.
In this episode, we cover topics such as:
- Why recurring revenue is key to business stability.
- Subscription style recurring revenue options.
- Non-subscription style recurring revenue options.
- What you need to remember throughout the creation and implementation process.
Please enjoy today’s episode — and visit the resources below to find everything mentioned in the show!
What you will hear:
[1:00] Two main challenges in business and how recurring revenue solves them.
[4:00] The types of subscription revenue models you can use for your business.
[9:12] How SAAS can upgrade your business.
[10:02] How to use what you love to benefit your customers.
[11:20] How a digital course could benefit your business.
[13:00] One key thing you should be doing along with any of these recurring revenue options.
Ideas Worth Sharing:“Recurring revenue in your business will give you growth, stability, and predictability.” - @summerfelixmulder Click To Tweet “Nothing is ever set-it-and-forget-it in business. What we’re going for is stability and predictability.” - @summerfelixmulder Click To Tweet “Even if you’re not having to create a new piece of work or content for your customers each month, be sure that you’re treating them well and that your customer support is on point.” - @summerfelixmulder Click To Tweet “Make sure that you are really offering value to your customers and everything you do—whether it’s a freebie, a consultation, an email—it should all bring value to the customer.” - @summerfelixmulder Click To Tweet
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