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EP 46: Recurring Revenue to Get Off the Money Rollercoaster
Manage episode 415573618 series 3473817
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You know, when you're eyeing that biggest month ever, it's like being at the edge of a cliff, isn't it? The rush, the thrill, wondering if you can take that leap and soar. Do you create something new? Do you launch into uncharted territory? Do you push with everything you've got?
Or maybe it's about digging into your toolbox, reaching out to past clients, hustling up some 1-on-1 work, or finding that upsell opportunity. There's always a way to make it happen, isn't there? Even if it's just a couple of extra thousand dollars, you've got options.
In today’s episode I’ll take a closer look at the three different types of recurring revenue models that can bring stability and peace of mind to your online business.
1. Membership Models: I explore the pros and cons of running a membership and how it can be a great option for those who love creating content and working with people long-term.
2. Retainer Services: Discover how working on retainer can provide a baseline level of income, offering peace of mind, stability, and the flexibility to pursue other business opportunities.
3. Payment Plans: Uncover the benefits of offering payment plans and how they can create predictability and a sense of security in your cash flow.
Take this short quiz to discover your most profitable offer.
💰 Get the Cash Flow Tracker & Launch Calculators for just $1
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