Monthly recurring revenue can completely change the way you experience your business.
Instead of starting every month wondering where your next sale is coming from, imagine being able to look at your forecast and already know that income is coming in. That sense of predictability, safety and peace is exactly why I believe monthly recurring revenue is something coaches and service providers should be intentional about building.
In this episode, I’m sharing the three things you need to grow monthly recurring revenue and create more predictable income from your business.
I’m talking about how to design a premium offer with the right price point and duration to support a payment plan, why extending payment plans beyond the length of your programme can create problems, and how to make sure you are attracting the right clients into the right offer.
I also explain the importance of having the right payment system and internal tracking system, including a client payment tracker and cash flow forecast, so you can see exactly what income is coming into your business over the coming months.
If you are a coach, online coach, service provider or female entrepreneur who wants to increase sales, create more financial stability and build predictable revenue, this episode will give you a practical framework to start thinking differently about your business model.
By the end of this episode, you’ll understand:
Why monthly recurring revenue does not grow by accident and needs to be intentionally designed into your business
How to create a premium offer with the right price and duration to support recurring monthly payments
Why your payment plan should not continue after your programme has finished
How the right payment systems and internal tracking systems can help you forecast your future cash flow
The difference between sales revenue and cash revenue and why both matter when managing your business finances
Want to grow your business and increase your income?
If you want personalised support with your sales strategy, offer, monthly recurring revenue and next stage of business growth, come and chat with me on Instagram, my DM’s are always open x
