Short advice clip (YouTube) by Eric Deeran describing how to fix inconsistent revenue: implement retainers to convert one-off project payments into monthly recurring revenue. The speaker defines retainers and recurring revenue, and gives example monthly income targets (5k–100k) achievable via recurring payments; one-off work is described as supplementary.
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.
