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Side Hustle School

#1652 - Q&A: “I’m running the numbers on a subscription service…”

Side Hustle School

Chris Guillebeau

Entrepreneurship, Entrepreneurship,, Careers, Small Business, Business, Side Hustle

4.73.3K Ratings

🗓️ 10 July 2021

⏱️ ? minutes

🧾️ Download transcript

Summary

Today’s listener is trying to forecast profits for her subscription service, and wants to know what seems like a reasonable expectation.

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week. 🎧

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Lionsgate Plus.

0:05.0

Great entertainment is a crucial ingredient for the perfect night in, and Lionsgate Plus

0:09.8

offers you the kind of entertainment that sets your pulse racing and keeps you glued

0:14.0

firmly to the edge of your seat.

0:15.8

They've got nail-biting exclusive shows, mind-blowing original series, and heart racing movies.

0:21.6

For entertainment that makes you feel, it lives on Lionsgate Plus.

0:26.2

Download the app and go to LionsgatePlus.com.

0:33.2

You probably already know that being able to count on money that's coming in is better

0:38.4

than the possibility of money coming in, especially when you're trying to get out of debt or

0:44.1

replace one of your income streams or create some opportunity that you're not so dependent

0:48.4

on your day job.

0:49.6

Being able to count on money is much better than the possibility of money.

0:52.5

That's why subscription services are so powerful.

0:55.7

Everything you can do to create recurring revenue is always good.

0:59.8

Today's listener has a question about this.

1:01.6

She is running the numbers on an idea.

1:04.6

How does this look in the specific scenario where she's figuring out her pricing?

1:08.5

She's thinking, okay, I've got this idea for a service or for an app, I think.

1:11.7

We'll hear from her in a moment.

1:13.5

How many people might sign up?

1:15.3

What does that all look like in terms of the bottom line?

1:17.7

How many subscribers do I need to actually make this worth it?

...

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