Ep018 How to Create Monthly Recurring Revenue In Your Business

If you’d like consistent income so that you can forecast your sales and profit, monthly recurring revenue is the way to go. It also allows you to plan your time and capacity better and understand where you can take a holiday - yes really! ‘Passive income’ isn’t the same thing as creating monthly recurring revenue and spoiler: you don’t have to work with groups or move to a one-to-many model to create monthly recurring revenue either! In fact, some of my clients have increased their monthly recurring revenue without ever working with groups and still serve their clients 1-1.In this episode we look at 3 ways you can generate monthly recurring revenue in your business and what you need to have in place to make this happen with ease.Here are the highlights:[01:43] The contracts and legalities that your business needs[02:10] Getting your clients to pay in advance[03:37] How to create payment plans [05:45] Subscription business models REGISTER HERE FOR MY FREE MASTERCLASS: GENERATE MONTHLY RECURRING REVENUEClick here to book a call with me to talk about joining Thrive MastermindClick here to join my online business membership for £47To get emails from me every week, sign up to The Weekly Fix hereTo find out how I can support you to grow your business:https://www.nicolelouiseonline.comFollow Nicole Louise Online on Social Media:FacebookInstagramLinkedInVisit my website here