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    14. The recurring revenue model with James Schramko

    en-usNovember 26, 2017
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    About this Episode

    In this episode we are chatting to James Schramko from Superfast Business and Silver Circle. This show is about the recurring revenue model, otherwise known as a subscription based model and the movement of moving towards operating within this model.
    In this interview we cover:
    • The all-you-can-eat model
    • Which businesses will fit the subscription model
    • What is 'churn'
    • The variations to start people on recurring subscriptions
    • Using contracts in this model
    • Understanding not everyone is a good fit
    • Processes that qualify your customers
    • Offering a support service to customers that don't qualify as a customer
    • The importance of live events for your customers
    • Listening to the repeated customer questions
    • Being aware of fads
    • Converting traditional businesses onto recurring revenue model
    • The benefits of this type of model
    • Some examples of businesses using this model
    • Lifetime value of customers
    • Ascension models and why they don't work for everyone
    • The recurring relationship model for one-off products
    • The importance of content marketing
    • Using social media to syndicate your content
    • Re-targeting to people who visit your website
    • Membership forums
    • The benefit of an App for membership sites

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