During tough financial times, the difference between survival and bankruptcy is often having a core of re-occurring business. By this I mean customers who are paying you something every month. Having this monthly income coming in helps a business cover their overhead. The goal of every business should be to develop enough monthly billing to cover their fixed monthly costs. Then any seasonal income or special order income is pure profit.
But how do you develop re-occurring business? First, do an internet search and see what your competitors and similar businesses are doing. Do they offer a service contract? Do they bundle products and offer them for a fixed monthly cost? Do they have a VIP customer offering that allows the customer special prices and/or services? Do they offer coaching courses?
Contact me if you need help brainstorming re-occurring business ideas. Thank you for your continued support and let's make this year our most profitable year ever!