Y U no like Rebill?

dmnEPC

dmnEPC

New member
Dec 23, 2010
5,994
95
0
Lately there has been a lot of really good threads on WF. I will leave the detailed tutorial type threads to guys like CCarter. I just wanted to throw something up to maybe spark some ideas for anyone that might care. For those that don't:boid::love-smiley-083::thefinger:, you can find a little T & A at the bottom of the thread.


There are so many ways to make money its not even funny. Its pretty much limited only by your imagination & ambition. For me there is 1 particular model is better than the rest. The recurring billing model. Now I am not talking about just building a scamy re-bill. What I am talking about it building a brand that provides value. A brand where people are willing to pay a certain fee automatically each & every month. Its not hard to look around and see successful examples of this. Insurance companies are masters of the re-bill, they have been doing it for hundreds of years. You dont have to start an insurance company to have a recuring business model. We have a few guys on WF selling their software products on monthly subscriptions. You cant beat the feeling of knowing almost exactly what your going to earn today before you even get out of bed. Or going on vacation knowing the the money will keep flowing.

Examples of recurring billing
Hosting Companies
Domain Registrations
Software
E-magazines on Itunes
Client work/service
Barber Shop
Cable TV
Credit Cards
Wholesale Physical Products to varius retailers
Article of the month club
Link of the month club
photo of the month club
razor of the month club
book of the month
blah blah blah

Use your imagination. Recuring billings are everywhere. With a little creativity its not hard to come up with your own recurring billing business. With a little creativity any thread in BST could be converted into a rebill.

Why a recuring payment?

People are lazy. It takes alot for them to get pissed off enough to actually go through the "hassle" of canceling their service. You will be building a real business. Your going to have pretty much a guaranteed income. Sure you may loose a few customers/clients each month, but most will stay with you. The better you are the lower your turnover rate. Even when your screwing up you will still keep the vast majority of your clients.

Is it better to go and get a 100 new clients to pay you $19.99 one time? Or would you rather get 100 new clients paying you $1.99 a month forever? Its a lot easier to keep an existing customer than it is to get a new one. I have heard in various different industries that it costs roughly 8 times more to get a new customer, than to keep an existing one.

It takes the same amount of work to get that person to sign up for a 1 time payment as it does for a recuring payment. Why not get paid every month?
With a little work you can drive a Bentley and a M8

4j6l4y.jpg



MetArt_CHARM_BARBARA-D_by_ALEX-SIRONI_medium_0076.jpg

met-art_ing_274_11.jpg

tumblr_mc7iuprTH41rei3hzo1_500.jpg

tumblr_l9925uzqEn1qznogvo1_500.jpg
 
  • Like
Reactions: HiGhPeR


Rebills kick ass, I still get checks in the mail every other month or so from sales made way back in '02. It's basically beer money, but it honestly makes me wish I'd invested more time in pushing rebills rather than PPS.
 
It helps if what you are re-billing is something people actually want. Get something good enough, people will get down on their knees and beg you to re-bill them.
 
greenleaves said:
It helps if what you are re-billing is something people actually want. Get something good enough, people will get down on their knees and beg you to re-bill them.
Click to expand...

Or take it a step further and make it something they need. Figure out what they need and want and you will never need to worry about money again
 
Absolutely agree with you. Its no secret that advertisers who ran rebills made millions coz they could just milk the consumers for months/years. I know that almost all of them were shady but this could have been done in more legitimate way and it probably could have lasted longer.

If you have to wake up everyday worrying about how much I will make today, you are still a peasant coz we are still dependent on getting new customers or converting them.

I am in the same boat but about time we get out and build something
 
I currently have a business of mine doing recurring income and I love it.. It's all about adding value.. if you're offering something valuable to people at a good price, then that is a hook that will keep them around for a long time to come. I also have old affiliate sites that are about 4 years old that still generate recurring income to this day. It's great.
 
This thread is relevant to my interests.

I've done the affiliate thing, but also always maintained a local client base as well. After analyzing some income stats, I really like the idea of offering simple web design packages to local businesses. (The $1k website + $49/mo for service type of thing, kind of lower end)

I've successfully sold local seo, but after comparing involvement vs more hands off recurring services, it's becoming more enticing even though less profitable in the short term. (The seo contracts are way more valuable, but it requires a shit ton of upkeep by comparison)

My issue in the past is inbound leads while having split focus. You've gotta keep that pipeline full to gain momentum and allow low yield recurring services to catch up in volume. Pretty stable once that happens though.

Anyone doing similar?
 
Kelowna said:
I have the same laptop gathering dust, but it still works. Its an old dell xps. I think that is a pic from years ago.
Click to expand...
I have a M1210, which looks really similar to that.

Still the best laptop I have owned.
 
matt3 said:
This thread is relevant to my interests.

I've done the affiliate thing, but also always maintained a local client base as well. After analyzing some income stats, I really like the idea of offering simple web design packages to local businesses. (The $1k website + $49/mo for service type of thing, kind of lower end)

I've successfully sold local seo, but after comparing involvement vs more hands off recurring services, it's becoming more enticing even though less profitable in the short term. (The seo contracts are way more valuable, but it requires a shit ton of upkeep by comparison)

My issue in the past is inbound leads while having split focus. You've gotta keep that pipeline full to gain momentum and allow low yield recurring services to catch up in volume. Pretty stable once that happens though.

Anyone doing similar?
Click to expand...

If your not growing your dying.

It sounds like you have a delegation problem. Try it and you will be amazed at what it will do for your business. What is the 1 thing that makes you the most money? For everything else, figure out a way to have someone else do it for you. This is the only way I know to scale your business beyond whatever your current income ceiling is. Giving up control is one of the most difficult thing to do.
 
dmnEPC said:
And yet its something that's never talked about
Click to expand...

Because it's too much work. People on this board only want to copy + past link and refreshing stat watching money roll in.

Believe it or not if you actually spent the last 3 years building real business with tangible assets(ecommerce, subscription service, ad networks, etc...) you'd be a already be a multimillionaire by now. But no, they'd rather help building someone else's assets(read: advertisers). How is this different from being an employees? Sure you don't have a boss but

I guess when you were introduced to easy money from an early stage, you're kinda get addicted to it and spoiled. Just like hookers. You know that it isn't viable in the long run and yet you still can't quit. Don't get me wrong, I'm also guilty of this.
 
Kelowna said:
Just gotta ask, why do you use the same pic of the pool and old puter when you start your posts?

Are you going to start saying how rich you are again in this thread?
Click to expand...

Obviously satire is lost on you, so there is no point in explaing this to you.
I am curious though, maybe you could you point me to the thread where I claimed riches?
 
You must log in or register to reply here.
Top Bottom