The goal would be to cut your overhead by by 50 %. The next challenge that you're going to have, though, after you create these products, is marketing them. Do you think 30% of people who want to be recruited and want wants to get a job would down load that thing? Or forty or 50 or 70%. That me just what' you're got to say on that.
What if you had recurring revenue that covered most (if not all) of your monthly expenses? Anything on top of that would be pure profit. If your business is seasonal or has a highly fluctuating monthly cash flow, a subscription model could help you stabilize your revenue stream and cover your monthly overhead.
In today’s coaching conversation, Donald Miller sits down with Jacob Bradley, CEO and owner of PsychTalent, a company that recruits clinicians for their clients. Jacob’s biggest challenge is that his only stream of revenue is inconsistent – some months bring in a lot of money, while other months are pretty thin. Listen in as Don coaches Jacob through creating a subscription model you can also use to generate additional recurring revenue in your own business!
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