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What Is Monthly Recurring Revenue and Why Is It So Important for Business Growth

💸 EXTRA 20% OFF ALL VERPEX RESELLER HOSTING PLANS https://verpex.com/unlimited-reseller... Coupon: AWESOME 👇 🟣What is MRR?🟣 A recurring revenue model is a way of monetizing your services, products, or audience over time. In other words, you get paid every month or even every week for something they did before. This makes it easier to build a sustainable business because you don’t have to worry about finding new customers. The concept of recurring revenue has become very common in recent years. Many companies now rely on this type of income stream to stay afloat. For example, subscription services such as Netflix, Spotify, and Amazon Prime Video are some examples of businesses that generate recurring revenues. You can earn recurring revenue from your blog or website by offering WordPress Maintenance Plans, & Reseller White Label Hosting, courses, etc. There are several ways to go about it. Some websites offer free access to their premium features, while others give away free samples of their products. Others charge a fee upfront to join their mailing lists. To learn more about earning additional income with Reseller Hosting, visit our blog 👉 https://verpex.com/blog/reseller-host... #mrr #monthlyrecurringrevenue #verpex #webhostingprovider ⏰TIMESTAMPS⏰ ________________________________________ 00:00 - Introduction 00:02 - Starting as a Freelancer 00:29 - Transitioning to Building an Agency 00:51 - Challenges with Project-Based Income 01:15 - Discovering Monthly Recurring Revenue (MRR) 01:39 - Benefits of MRR for Scaling Business 02:01 - Definition of Monthly Recurring Revenue (MRR) 02:24 - Importance of Predictable Income 02:29 - Examples of MRR Businesses (e.g., Netflix) 03:27 - Ways to Add MRR to Your Business 04:00 - Example: WordPress Maintenance Plans 04:28 - Reselling White Label Hosting 04:52 - Automation in MRR Business Models 05:25 - Key Components for MRR Success 05:48 - Personal Experience and Impact of MRR 06:11 - Diversifying MRR Sources 06:43 - Conclusion ________________________________________ ✓ Subscribe to our channel​ ‪@VerpexHosting‬ for more videos on Reseller Hosting ❓If you ever have any questions, please feel free to leave a comment! ________________________________________ ▶ LET'S CONNECT ✅ Website - https://bit.ly/3ODKGcg ✅ Facebook - @VerpexHosting ✅ Twitter - @VerpexHosting ✅ Instagram - @verpexhosting #verpex #resellerhosting #webhosting