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How to fix inconsistent revenue

28 Aug 2024 · 1 min

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0:30

A short YouTube segment by Eric Deeran - Master Filmmaker advising creators/freelancers to fix inconsistent revenue by implementing retainers so clients pay monthly for a set of deliverables, producing recurring revenue. The speaker emphasizes that recurring payments are the foundation for scaling to stable monthly incomes (mentions building to 5k–100k/month) and that one-off projects are secondary "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.