This article helps online course creators learn how selling services with Monthly Recurring Revenues (MRR) like communities or coaching can help stabilize monthly income and grow total earnings.
Here are some of the key topics covered:
• Course businesses revenues can fluctuate
• The downside of businesses with variable earnings
• Subscription businesses earn money every month
• What is Monthly Recurring Revenue (MRR)
• Important growth examples: Community & Coaching
• Why MRR is beneficial to creative entrepreneurs?
• Computing MRR = ARPU x Subscribers
• Some customers don’t like subscriptions
• Aim for growth through follow-on sales and MRR
For more detailed information and other tips check out our article at: https://www.artsycourseexperts.com/what-is-mrr-for-online-course-creators/
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We help creative teachers build, operate, and grow their online courses by helping them with marketing, content, technology, and operations.
If you have any feedback or questions, let us know in the comments.
Hope this helps you teach a little bit smarter!
- The Artsy Course Experts team
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Favorite Resources (Some with Affiliate Links)
• Thinkific Platform - https://www.ArtsyCourseExperts.com/get-thinkific
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• Helpful Contracts - https://www.ArtsyCourseExperts.com/get-artfulcontracts
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• Envato Stock Images - https://www.ArtsyCourseExperts.com/get-envato
Struggling with some course thing? Send us a quick note and we may cover it in a future tip. https://www.artsycourseexperts.com/questions/
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