Discover the joy and fulfillment of running your business with recurring income streams, a strategy that boosts your financial stability and ignites your entrepreneurial spirit.
It’s often said that you only have a business if you have a recurring income stream product in your product line.
Want to constantly sell “one-off” products monthly to reach your income goals?
Security in your business occurs by selling a product one time and generating income from that product month after month.
While physical merchandise is a solid choice, consider the vast potential of digital recurring income products and services. This forward-thinking approach will significantly diversify your product line and open up new avenues of success.
You already have products in your business you can convert into recurring income stream products. Membership products are some of the best products to offer. Here is an example of a few products you can create.
- Create a monthly newsletter where you share inside tricks and strategies
- Create a special membership where you give Monthly discount coupons
- Create a membership where you group coach a selected few in your community
- Recommend other people’s tools and service with a build in recurring payment to your community. That’s the affiliate model
NOTE: I will dive deeper into each of these recurring income strategies in an individual post.
You can create these products very quickly to complement your physical products.
The idea is to give away premium content they can only get inside your membership community. Any business can create a membership branch of its product line.
With recurring income streams, you can free yourself from the constraints of packaging and shipping. This means more time for you to focus on your passions and steer your business toward the future you envision.
