I have something exciting to talk about today: Recurring Revenue!
Many business owners start from “zero” each month. They have to get new clients, sell new products and services, etc, in order to make money each month.
It’s stressful to start each month at zero and know you have to work, work, work to earn $2,000 or $5,000 or however much you need to make ends meet.
A smarter – and less stressful strategy – is to create Recurring Revenue.
Luckily, this business model is becoming VERY popular right now, and you can easily use this in your own business!
For example – have you ever heard of Birchbox, the monthly make-up delivery? Or Naturebox, the monthly box of healthy snacks? Or Barkbox, the monthly delivery of dog snacks and products?
The list goes on and on! People are signing up for these monthly subscriptions left and right! It’s easy, convenient, and it creates Recurring Revenue for all of these companies.
Now, let’s talk about how YOU can do this in your own business!
Do you sell physical products? You can create your own monthly box of goods!
OR you can collaborate with others and include their products in your monthly box subscription.
Are you a graphic designer, virtual assistant, or other service business owner? Create recurring revenue by selling your services on a monthly retainer.
You can also create a monthly membership program for ebooks, audios, videos, or other information products!