A short advice clip advocating the use of client retainers to stabilize and scale income. The speaker defines retainers as monthly client payments for a set of deliverables, contrasts recurring revenue with one-off work, and claims recurring payments enable predictable monthly income (examples given: 5k–100k/month).
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.
