RECURRING REVENEWS | Revealing How To Get Thriving Paid Subscribers Every Day In Your Business

Today's top stories to grow paid subscribers: Reducing Your Subscriber Churn | 3 Keys To Selecting The Right Billing Solution | Toothbrush-Subscription Service Startup Boka Lands Funding

Quote Of The Day…

“You‘ve got to start with the customer experience and work back toward that … not the other way around.”Steve JobsApple

Recurring Revenue Quiz Question (tune in for the answer)

True or False: With today’s consumers, convenience often becomes more important than price?

Today's top stories to grow paid subscribers: Driving Success: 6 Key Metrics for Every Recurring Revenue Business | How Business.com Increased Subscriptions By 65% In 2015 | How Ebook Subscriptions Evolved in 2015

Quote Of The Day…

“Today, 226 million-plus adults take advantage of online subscription models.”Tom DibblePresident and CEO, Aria Systems

Besides adding value to your subscribers, what else can you use the analysis of their usage behavior to make a direct positive impact in your subscription business?

A. Lower your operational costs

B. Reduce churn

C. Improve your SEO

D. Decrease advertising spend

[BONUS SHOW] The founder of Entrepreneur on Fire explains how he built a recurring revenue empire & then we agree to do something very special to help you accomplish your next recurring revenue goal in 100 days with The Freedom Journal!

John Lee Dumas, the founder & host of EOFire, a top ranked business Podcast where he interviews today’s most inspiring Entrepreneurs 7-days a week.

Prepare to ignite!

The key trends to deliver subscription products on your way to generating recurring revenue and what's coming for you in 2016.

Today's top stories to grow paid subscribers: 3 Ways Data Can Drive Better Customer Retention | How To Name Your Membership Levels Or Subscription Options | Combat Churn By Improving Your Offboarding Experience

Quote Of The Day…

“The first rule of subscriptions is to provide immediate, ongoing value to your customers.”Tien TzuoCo-Founder, Zuora

Recurring Revenue Quiz Question (tune in for the answer) Long-term recurring payment relationships depend on:

A. Retention

B. Email campaigns

C. New products

D. Flexible payment plans

E. None of the above

Today's top stories to grow paid subscribers: SaaS: The Road To $10 Million In Annual Recurring Revenue | Fasthockey Subscription Model Scores A Win With Fans | Starting Inside The Box: Entrepreneur Goes All In And BottomsUP To Fund Startup

Quote Of The Day…

“The increasing importance of the recurring revenue model reflects a shift in buying preferences for both businesses and consumers.”Ventana Research

Recurring Revenue Quiz Question (tune in for the answer) Which is a simple, fast way to target transactional customers who could turn into paying subscribers?A. Email your list asking them if they prefer a subscription-based offer instead of individual purchasesB. Do a Facebook ad targeting your competitors followersC. Scrub your current customer list and create a repeating customer segment for those who have purchased at least twiceD. Mail a free product sample to your customers with a coupon

Today's top stories to grow paid subscribers: Amazon Wins Christmas With 3 Million New Prime Members | 3 Key Measures For Delivering A Personalized Digital Experience That Resonates With the Customers | 10 Awesome Stats That Prove Repeat Customers Are Profitable In Business

Quote Of The Day…

“Addressing the higher need behind a purchase is an investment that can create engaged, returning customers who advocate for the business and brand.”Jeff ErnstAnalyst, Forrester

Recurring Revenue Quiz Question (tune in for the answer) Which question should you ask yourself and then be sure to deliver on the answer to drive recurring revenue for your online business?

A. What can I do better than my competition?

B. Which ways can I engage with my members today?

C. How can I best utilize my billing software to drive up sells?

D. Why would customers want to have an ongoing relationship with my product or service?

Today's top stories to grow paid subscribers: How To Shift An Enterprise Towards A Subscription Business | Automatic Renewal Of Membership Dues And Recurring Credit Card Payment Laws | Tips to Improve Customer Loyalty: Necessity is the Mother of Retention

Quote Of The Day…

“Billing is no longer a commodity service—instead it is a strategic differentiator for managing customer relationships and monetizing 21st century products and services.” Brendan O’Brien | Aria Systems

Recurring Revenue Quiz Question (tune in for the answer)

There are 2 key surveys you should have for your members to take when joining your membership; one is an exit survey and the other is an:

A. Entrance survey B. Marketing survey C. Competitive survey D. Financial survey

Today's top stories to grow paid subscribers: Inspiration Subscriptions: What's Old Is New Again-Sort Of | Here’s Why Subscriptions Are The Future Of Journalism | 3 Advantages Of Monthly Recurring Revenue

Quote Of The Day…

“If you cannot measure it, you cannot improve it.”Lord Kelvin

Recurring Revenue Quiz Question (tune in for the answer) Which is by far the best deal you’ll ever get in a newsstand or agency, brick-and-mortar or virtual listing is selling your digital magazine via:

A. Apple’s news stand

B. Facebook video ads

C. YouTube videos

D. Apple or Droid app

In part 1 I covered the 9 Cycles of the Subscription Model according to Zuora, an industry leader in subscription billing then shared the first 2 steps:Step 1: Make Your Product Offer DynamicStep 2: Plan Consumption Utility

The first step morphs elasticity into your current offer and the second is where value meets the timing of subscriber need.

In this part 2, I cover the remaining 5 Easy Steps To Transform Offers Into Subscriptions:Step 3: Add Member Unique Business ValueStep 4 – Define a Profitable Pricing ModelStep 5 – Leverage a Subscription Platform

These 5 easy steps will save you time and transform your current offers into subscriptions on your way to generating recurring revenue.