Vianney Wilson
5
SO excited about stacking MRR with Skool -- want to share some thoughts on why I think MRR is KING!
SO excited about stacking MRR with Skool -- want to share some thoughts on why I think MRR is KING!
(And How This Affects Facebook Groups/Communities In The Future)
I've had some incredible conversations lately.
Conversations concerning how to BUILD, SCALE and (perhaps) SELL businesses... while minimizing stress, burnout and getting a work-life balance that you can actually call that.
Here are 3 core lessons that have made that light bulb go off for me& why MRR is going to be the focus of everything we focus on going forwards in this group.
๐—Ÿ๐—˜๐—ฆ๐—ฆ๐—ข๐—ก ๐—ก๐—จ๐— ๐—•๐—˜๐—ฅ ๐Ÿญ: โž•๐—”๐—–๐—ค๐—จ๐—ฆ๐—œ๐—ง๐—œ๐—ข๐—ก + โญ• ๐—ฅ๐—˜๐—ง๐—˜๐—ก๐—ง๐—œ๐—ข๐—ก = ๐Ÿš€๐—š๐—ฅ๐—ข๐—ช๐—ง๐—›
It's very simple.
Step 1: Get a client (on a monthly payment)
Step 2: Keep a client for as long as possible
Step 3: Repeat steps 1 & 2 for as many clients as possible
Let's look at this and how it works.
Let's assume you have a high ticket model that has a fee of $2.5k/m & you get just 3 clients a month for 6 months.
  • Month 1 = $7.5k
  • Month 2 = $15k
  • Month 3 = $22.5k
  • Month 4 = $30k
  • Month 5 = $37.5k
  • Month 6 = $45k
That's THREE clients a month taking you to $45k/m in cash collected at month 6.
3 closes come from 10 sales calls a month if your calls are actually qualified and you've got a reasonable sales process that has you closing 30% of calls.
That's 2.5 sales calls A WEEK.
Easily something you can do while growing as a solo biz owner, and even easier when it comes to hiring.
Compare that to the $5k one-off programs, where you'd need to take on 9 new clients a month.
Closing 30% that's 27 calls a month.
Not to mention the fulfillment headache on the back-end.
Been there. Done that. Never again.
๐—Ÿ๐—˜๐—ฆ๐—ฆ๐—ข๐—ก ๐—ก๐—จ๐— ๐—•๐—˜๐—ฅ ๐Ÿฎ. ๐—ฃ๐—ฅ๐—˜๐——๐—œ๐—–๐—ง๐—”๐—•๐—Ÿ๐—˜ ๐—–๐—”๐—ฆ๐—› ๐—™๐—Ÿ๐—ข๐—ช = ๐—ฆ๐—˜๐—–๐—จ๐—ฅ๐—œ๐—ง๐—ฌ.
We've all had great months.
And months of 0.
We all know the mental strain from having seemingly great cash flow to a MASSIVE lull and wondering why on earth we started business in the first place.
I personally can't stand the feeling.
And I refuse to create a monster of a business that keeps me feeling like I have to hustle like a mad man just to hit a target.
Recurring revenue is predictable.
You can model for it.
It gives you SECURITY.. and that's true for your:
  • Own personal finances
  • Your stafff
  • Your expenditure etc
Imagine the levels of security you could feel if you knew that you were already starting the month at $50-100k no matter what.
That's the power of MRR.
What is your experience with MRR? Let's hear it in the comments..
3
3 comments
Public group
Let's collaborate to make Skool better. Share your feedback!
Leaderboard (30-day)
powered by