Wealthy Way From Transactions to Transformations: Rethinking Business Models for 2025
Feb 1, 2025
The discussion kicks off with a look at the shift from one-time transactions to subscription-based models, highlighting the benefits of loyalty and recurring payments. Education and user engagement emerge as key factors in enhancing customer success. As the real estate industry evolves, aligning services with personal usage tops the agenda, while collaboration becomes a game changer for networking opportunities. Trust and reputation are stressed in navigating supplier relationships, underlining the balance of risks and benefits.
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Transition to Recurring Revenue
- Ryan Pineda transitioned his businesses to a monthly recurring revenue model.
- This shift includes bundling services like coaching, software, and leads for a cheaper price.
Sticky Services
- Make your services "sticky" so clients rely on your bundled offerings.
- If they leave, they lose access to essential tools and support.
Service-Based Approach
- Shift from prioritizing education revenue to using it as support for other services.
- Offer essential services like lending and leads, creating aligned incentives for mutual success.