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#94: The Power of Recurring Income
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Welcome to another episode of Digital Marketing For Coaches and Consultants, hosted by Dr. Terri Levine. In this enlightening episode, Dr. Terri Levine breaks down the concept of recurring income, defining it as the steady earnings you receive monthly without actively selling your services.
Dr. Terri Levine also highlights the existing gap in the coaching and consulting industry and emphasizes the need to bridge this gap by developing a recurring income mindset.
Wondering why recurring income is so important? It provides stability and consistency to your earnings, alleviating the stress of constantly seeking new clients. Furthermore, it enables you to understand the lifetime value of your customers, empowering you to make informed decisions for long-term success.
Tune in for more insights!
Key Highlights From The Episode:
[00:40] Today's focus; Recurring Income
[01:01] What is recurring income?
[02:17] The gap in the coaching & consulting industry
[03:06] Developing a recurring income mindset
[04:28] The importance of recurring income
Golden Nuggets:
• Recurring income is the income you keep getting monthly without actively selling [01:23]
• Having recurring income gives you predictability & stability and helps you understand the lifetime value of your customer [04:29]
Want More!?
Listen to the podcast version of this content on your favorite podcast platform: Apple Podcasts | Spotify | Stitcher | Google Podcasts
Watch all the episodes and more to gain more insight on Youtube: https://www.youtube.com/@coachterri/videos.
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LinkedIn: https://www.linkedin.com/in/terrilevine/
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