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Scale With Speed Podcast - "Recurring Revenue Saves Your Ass" Episode 07
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Recurring Revenue Saves Your Ass
In the end, there are really only two types of revenue. Recurring and transactional. By far, the most important is recurring. Here’s why:
If you can’t predict your revenue, you can’t predict your future.
RR helps you:
- You sleep better at night
- You can make decisions about the future easier
- It makes your client relationships more “sticky”
- It increases your company value – A LOT
Examples of Recurring Revenue
- Monthly membership
- Service/maintenance agreements
- Unique technology
Example of Recurring Revenue calculator
- $25 per month x 100 accounts per month over 3 years = $90,000 per month or $1,080,000 year
- $99 per month x 100 accounts per month over 3 years = $346,000 per mo or $4,152,000 year
- $249 per month x 100 accounts per month over 3 years = $896k per mo or $10,752,000 year.
If you apply a 6x multiple on $10,752,000 = $64,512,000 in valuation – just on your RR!
Run your own recurring revenue model with our FREE calculator: https://www.burntheships.com/resources/
Get Judge's book on Amazon. https://www.amazon.com/Mastering-Recurring-Revenue-Judge-Graham/dp/1543957870/ref=sr_1_1?crid=3NRUGUB6TEYU&dchild=1&keywords=mastering+recurring+revenue&qid=1600955522&sprefix=mastering+recurring+%2Caps%2C165&sr=8-1
If you want to hear Judge speak on this topic and you are in Dallas, come to our Whiskey Wednesday event on Sept 30th at RP1.
If you want a deep dive into RR, come to our Burn The Ships Bootcamp. www.burntheships.com
Watch the Scale With Speed Podcast Videos recorded live in-studio! Here: https://commercialfleetfinancing.com/scale-with-speed-podcast/
Subscribe to our YouTube Channel: https://www.youtube.com/playlist?list=PLtVSl1VywZx-1UI51G9_FhHDb59MdzNoM
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