Ever dreamt of earning $50,000/month recurring revenue? This isn’t a pipe dream. This breakdown reveals how to replicate a proven local business model, even with zero experience. We’ll dissect their strategy, pricing, and show you how to duplicate it using readily available tools.
Understanding the Business Model 🤝
This business thrives by providing essential marketing systems to local businesses, charging a recurring monthly fee. Think of it as software-as-a-service (SaaS) for local marketing. This recurring revenue model provides stability and predictable income.
- Target Audience: Small local businesses
- Offering: Copy-and-paste marketing systems
- Pricing: $300-$500/month/client
- Key Advantage: Recurring revenue creates consistent income.
Real-Life Example: Imagine a local restaurant struggling with online marketing. This service provides them with ready-made systems for attracting and retaining customers, generating a steady stream of new business.
Surprising Fact: Businesses using recurring revenue models are valued significantly higher than those relying on one-off sales.
Practical Tip: Focus on building relationships with local businesses. Understand their needs and demonstrate how your services can solve their marketing challenges.
Deconstructing the Service Offering 🧰
This business offers a suite of simple yet effective marketing tools:
- Business Texting: Enables direct communication with customers. Think appointment reminders, promotions, and feedback collection.
- Online Reviews (Reputation Management): Helps businesses gather positive reviews and manage their online reputation.
- Web Leads (Web Chat Widget): Captures leads directly from their website through a chat widget.
- Payments: Simplifies payment processing through text-based invoices.
Real-Life Example: A salon can use business texting to remind clients about appointments, reducing no-shows and boosting revenue.
Quote: “The best marketing doesn’t feel like marketing.” – Tom Fishburne
Practical Tip: Offer a bundled package of these services to provide a comprehensive marketing solution for local businesses.
Cloning the Model: No Coding Required! 💻
You don’t need to be a tech whiz to replicate this model. Pre-built websites and software make it surprisingly easy.
- Pre-designed Website: Ready-to-go websites with all the necessary pages and features are available. Simply customize with your branding.
- All-in-One Software: Leverage existing software platforms that offer all the core features (texting, reviews, web chat, payments) and more.
Real-Life Example: Imagine setting up your entire online presence and service delivery system in a matter of days, without writing a single line of code.
Surprising Fact: Many successful SaaS businesses are built on top of existing software platforms.
Practical Tip: Start with a free trial of the recommended software to explore its features and understand its capabilities.
Reaching $50,000/Month: A Realistic Goal? 📈
With a recurring revenue model, scaling your business becomes much more achievable.
- Client Acquisition: Focus on acquiring new clients consistently. Networking, online marketing, and referrals are effective strategies.
- Value Delivery: Provide exceptional service and results to retain clients and generate positive word-of-mouth referrals.
Real-Life Example: Securing just 100 clients paying $500/month generates $50,000 in monthly recurring revenue.
Quote: “The key to recurring revenue is to create something that people use and love so much they can’t imagine living without it.” – Tien Tzuo
Practical Tip: Track your client acquisition costs and lifetime value to optimize your marketing efforts.
Powering Your Business with the Right Tools 🚀
Here are some resources to help you get started:
- Free Course: Cloning This Business Model: Step-by-step guidance on setting up your website, software, and marketing strategy.
- GoHighLevel Extended 30-Day Trial: Access the all-in-one software platform mentioned in the video.
- GoHighLevel SaaS Plan: Standard 30-Day Free Trial: Explore the standard SaaS plan.
- GoHighLevel Agency Plan (+ Complimentary Basic Account Setup): Consider the agency plan for additional features and support.
- Jason Wardrop on Instagram: Connect with the video creator for further insights and updates.
- AI Message Bot: Explore AI-powered appointment booking automation.
- Launchy Software: Learn about selling custom AI software to businesses.
This proven business model empowers you to build a sustainable and profitable business. By leveraging the right tools and strategies, you can achieve financial freedom and create a lasting impact on local businesses.
