In this episode, Jordon Comstock dives into subscription revenue reinvestment strategies, exploring the power of recurring revenue models. Unveiling the significance of membership plans, he sheds light on their transformative potential for businesses, drawing parallels to successful practices. From dissecting the nuances of recurring vs. reoccurring revenue to unraveling the art of strategic reinvestment, Jordan emphasizes the impact of smart reinvestment in business growth. Explore the realms of marketing, technology, education, and team incentivization as integral components driving predictable and sustainable business models. This episode shares the secrets behind building a robust and thriving practice through strategic revenue reinvestment.
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Time stamps
- 00:02:20 – What is recurring revenue from membership plans?
- 00:06:47 – As a practice grows recurring revenue, what is the best use of the newly created funds?
- 00:15:48 – What are ways to incentivize your team to continue growing recurring revenue?
- 00:22:08 – What resources do you have to grow a successful membership plan?
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