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How to fix inconsistent revenue

26 Jun 2024 · 1 min

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Short advice segment from a YouTube video by Eric Deeran about fixing inconsistent revenue. The speaker's primary recommendation is to implement retainers—monthly client payments for a set of deliverables—to create recurring revenue that stabilizes income. The speaker frames recurring revenue as the path to scaling monthly income (mentions ranges like 5k–100k/month) and treats one-off projects as supplementary "icing on the cake."

The number one way to fix inconsistent revenue is to implement retainers. This is where a client's paying you every single month for a certain amount of deliverables. And in exchange you get what we call recurring revenue. And recurring revenue is when they're paying you every day on a certain deadline. That's how you build 5, 10, 15, 20, 50, 100k a month is by having those recurring revenue payments. And then anything you do for one offs is just icing on the cake. On top of that.