Startup Funding Espresso – Example Transitions to Recurring Revenue

Example Transitions to Recurring Revenue

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Many businesses can be moved to recurring revenue.

Here are several examples of transitioning a business to a subscription.

Lawn care -- a repeat business that is often paid for by the hour or the visit.

Replace a variable pay for the service each time it is performed to a monthly payment for a fixed amount.

Pet services -- pets require grooming, walking, sitting, and other services.

Bundle grooming with pet sitting to create a monthly subscription service.

Property management -- properties require maintenance, rent collection, and more.

Consider bundling the services into one package and charging a standard fee each month for it.

Personal grooming -- hair, nails, and other grooming services must be done regularly.

Bundle a series of services into a standard price charged monthly on the credit card.

Education -- student tutoring, continuing education and more could be charged on a monthly basis.

Offer an annual membership in which the student is charged monthly for the service.

Extermination services -- extermination is an ongoing service required by many.

Consider setting up a standard service that recurs each month and charges automatically for it.

These are just a few examples of businesses that could be moved to recurring revenue.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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