How to Add Recurring Revenue Without Ad Spend
The Art of Online Business
Kwadwo [QUĀY.jo] Sampany-Kessie
4.8 • 828 Ratings
🗓️ 19 August 2022
⏱️ 25 minutes
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| 0:00.0 | Hey, my friend, welcome to the art of online business podcast. |
| 0:08.5 | My name is Rick Mulready and I'm an online business coach. |
| 0:11.5 | I'm an ads expert and most importantly, I'm a dad. |
| 0:15.7 | And this show is where we help established online course creators and coaches create more profit, more impact, with less |
| 0:24.2 | hustle. All right, let's get into it. |
| 0:26.1 | All right. What is up, my friend? Welcome to episode 627 here on the podcast. This is another quick tip episode |
| 0:39.8 | where we're going to dive into, I want to get a point across today. And so my goal for this |
| 0:46.6 | episode for you is I want you to think about things a little bit differently, that the path |
| 0:52.2 | to how you think you should be accomplishing something is not always |
| 1:01.0 | the easiest thing to do, right? |
| 1:04.5 | So one of the questions I always ask are accelerators. |
| 1:07.7 | They get tired of me saying it, but it's what would this look like if it were easy? |
| 1:11.6 | Okay. And I'm going to give you a hypothetical scenario here today. And so let's say you have a membership. And it's a fairly inexpensive membership. It's $49 a month. And let's say that your goal is to add $10,000 a month in reoccurring revenue. |
| 1:33.1 | So you want to increase your monthly reoccurring revenue by 10 grant. |
| 1:36.5 | And at $49 per person per month, that's roughly 200 people. |
| 1:41.9 | So you want to add 200 people to the membership. |
| 1:46.0 | So most of us would go right to, okay, how do I add 200 people? Do I need to do a, maybe I should do a launch. |
| 1:54.0 | Or maybe I should do a special promo or I better buy, you know, I better do more ads, I better increase my ad spend to build my list more and convert more of those people to into the membership. |
| 2:09.3 | That's how most of us would think about it, right? |
| 2:11.7 | And by the way, this scenario that I'm going to take you through is really hard to oftentimes is |
| 2:19.5 | really hard to see yourself meaning we're so close to our own businesses that we |
| 2:26.5 | really need an extra set of eyes on your business whether it's a mastermind whether |
... |
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