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The Value of Subscription Based Income for Small Business Success

Subscription Based Income_

Friday, April 28th, 2017

Why is Subscription Based Income Important for Business Growth

As a Business Owner, having a clear understanding of your numbers and their relationship to the health of your business is critical. For those of you who seek to have your business acquired at some point in the growth of your business, one of the most important metrics that investors are keeping an eye on is Customer Lifetime Value.

My absolute favorite type of income that helps to boost CLV is Subscription Based Income.
Just to be clear, 3 payments of $997 is a payment plan, not subscription based income.

The companies who are excellent at establishing lifetime value are Amazon.com, Apple, PetSmart. In music, No Limit Records and the Wu Tang Clan were the best at building an ecosystem about their products and services.

What are the Types of Subscription Based Income

Types of subscription based income that you should consider incorporating within your offers are:

The subscription model is great because it allows business owners to form a deeper relationships with your customer base. In my business, my one-time offers are decreasing because I excel in delivering end-to-end (complete) services, which is perfect for long-term arrangements.

***If you can guarantee results, you need to have a subscription model within your business.

The feature image for this post is for a new project I started at the beginning of April.

I will scale this venture to generate $100,000 per month by September 2018.

Join my private Entrepreneur network on Facebook to hold me accountable :-) 

 

Shadeed’s Recommended Reading

Strengthen your understanding of increasing your passive income through subscription based income by adding the titles below to your library.

Membership Site Masters: An Inside Look Into Some Of The World’s Most Successful Membership Sites

Membership Website Blueprint For Newbies: Learn Step by Step How to Create Passive Income Membership Website Goldmines That Make it Rain!

100 Membership Site Marketing Tricks: A list of 100 Membership Site Marketing Tips & Concepts

Creating Recurring Income with Membership Sites Using the Magazine Subscription Model (Real Fast Results Book 43)

Additional Results Based Support

If you’ve studied multiple courses, watched You Tube videos, and are still stuck on how to build subscription based income, you may schedule a 30 minute strategy call with our team.

You will receive:

 

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