Did you know that a firm can have either a recurring revenue or a non-recurring revenue business model? Both options have their own value.
A recurring revenue business model encourages customers to subscribe to a service or product that is paid for over a certain period of time.
The recurring income model answers the question of how your company will generate income over time. Using a recurring revenue business model has its advantages such as consistent cash flow and greater client retention.
Recurring income models will generate recurring revenue from the same clients on a weekly or monthly basis. Enrol on our course and learn about recurring income models that will help you earn a consistent income without having to look for new customers.