How I’ve created $3k-$10k+ in recurring monthly revenue for 6 months in advance in my business, so I never have to start the month at $0!
This has brought my nervous system so much peace, while making me feel so excited to start the month with a clear plan for my business, knowing that I have amazing clients in my offers already, with a ton of time freedom to create content and generate more sales if I want to.
Here are a few different ways clients join my programs on payment plans to create recurring revenue for me…
Long term offers:
⚡ 2 mastermind clients at $888/month x 6 payments = $1776
- 7 x 888 = $6k
- 2-3 $1400
⚡ 2 clients on my 30min/month private mentorship package $495/month x 6 payments = $990
Shorter term offers:
⚡2 clients buying my self-paced 8 week course at $555/month x 2 payments = $1110
⚡4 clients buying my 12 week group program $1400/month x 2 payments = $5000
⚡2 client on an alumni rate for my group program $395/month x 3 payments = $1500
Add to that additional pay in full payments from clients and that can bump my monthly revenue
up to $10k, $17k, $24k months with very small numbers of clients.
Other things I sell to bump up my monthly revenue during my group program launches include:
⚡ 90-minute private intensives
⚡3 day Voxer packages
⚡ 3 month Voxer packages
⚡ alumni rates to new rounds of my signature programs
⚡ special offers + contract renewals for continuing clients
⚡ flash sales on bundles of existing content like masterclasses or free content events I ran in the past.
When I know how much money is coming in at the start of the month, I feel great about taking long weekends, going on vacation, taking creative days, or spontaneous days off to rest and restore.
I keep very low overheads in my business, even with a team of two VAs, a bookkeeper, a coach and an energy healer to support me month to month.
It feels so good knowing my recurring revenue is very often covering a high % of my expenses from day 1 of each month.
This didn’t always use to be the case for me. How did I shift this? I started simply by setting my intention. I decided to prioritize recurring revenue and that lead to decisions like focusing on selling longer term offers with great payment plans. I also chose to focus on scalable group programs where I knew I could sell many places without my schedule becoming too packed, leaving me plenty of room to create other opportunities to serve clients and sell.
Mastering selling and filling group programs with a few clients each month has been key to creating this kind of consistent cash flow in my business without burning out. It has brought me the freedom to write my book, travel a lot, rest and take care of my health every day, and enjoy so much flexibility in my schedule with just a few calls in my calendar each week. Truly my dream come true!
This is exactly the skillset we’ll be focused on mastering inside Profitable Group Programs. It’s a 3 month live coaching program with tailored high-level support to design, launch and sell your signature group coaching offer and create FIRE launch content you can continue to repurpose to stack your recurring revenue in your dream coaching business month after month.
Click here to join. Or feel free to message me to chat about if this program is a good fit for you!
Click the link below for the full episode – Watch + listen to Creative Magic Club on YouTube, Spotify & iTunes