A short conversational video clip discussing how Tesla converted a one-time car purchase into recurring software revenue by charging customers monthly (e.g., $97/month) for Autopilot features. Speakers emphasize the profitability and low marginal cost of software subscriptions and encourage businesses to implement recurring revenue models for better retention and earnings.
I don't know how much money they made off of it, but it was super smart because they did that and then they just increased the recurring revenue. Where instead of someone buying a car once or like once every couple of years, now they have everybody paying 97 bucks a month on recurring for literally software that costs them next to nothing.
There's no overhead. You're just, I think, figure out a.
Way to do that in your business. Whether you're, you know, video business, you know, your product based business, whatever it may be. If you can figure out that recurring, you're going to make a lot of money because it's, that's where you're going to have more revenue retention.
