Have you struggled to identify a recurring revenue model that will work in your business? If so, you’re not alone. Most owners understand the benefits of recurring revenue, such as predictable cash flow and an increase in their company’s valuation, but struggle with where to start. Just changing your pricing from a one-time transaction to a smaller, recurring fee does not make a sticky subscription model. The first step of creating a recurring revenue model for your business

You've done the hard work of winning a new customer, but it's what you do in the next 90 days that determines if they'll stick around. The first 90 days of any new relationship are critical: · A president has about three months to inspire the electorate and gain the political capital he needs to govern. · A young team prospect has but a few months to impress his coach before being sent down to the minors. · A new CEO has 90 days to learn her job before the rank

What can make your revenue more predictable? Recurring revenue extends the lifetime value of a customer and ultimately makes your business more valuable. If you’re unsure how to create these automatic sales, a simple service contract can be the place to start. A service contract is an agreement to provide an ongoing level of service in return for a regular payment. It can be a way to transform an ordinary service company into a predictable subscription business. For example,

Repeat customers are the lifeblood of your business, but customers can be fickle. Here's how to make them sticky. In a traditional business, the customer buys your product or service once, and it is up to you to try to convince them to buy again in the future. However, in a subscription business, you have what is called an "automatic customer" who agrees to purchase from you in the future, as long as you keep providing your service or product. Feeding Rover Automatically One