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5 Steps to Build Recurring Revenue in Your Business!
Manage episode 477204528 series 3641108
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Welcome fearless founders! In this episode of 10 Minute Tuesday, I dive deep into the game-changing concept of recurring revenue. From subscriptions to memberships, discover how building consistent income streams can transform your business, increase its valuation, and give you financial stability and growth. With real-life stories, practical strategies, and a clear value ladder roadmap, you'll walk away ready to implement recurring revenue in your own entrepreneurial journey.
Timestamps:
00:00 – Intro to recurring revenue
00:18 – Why recurring revenue is crucial for business stability
00:45 – Examples: Subscriptions vs. Memberships
01:52 – Real-world example: Low business valuation without recurring income
02:14 – Case study: Transforming a business with a membership model
03:58 – Recurring revenue math: Potential earnings breakdown
05:02 – 3 quotes that capture the power of recurring income
06:16 – 5 steps to build recurring revenue into your business
07:07 – Example of my own value ladder
10:19 – Automate, retain, and improve your offers
11:20 – Action step: Brainstorm and calculate your recurring revenue potential
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