How I Built a Six-Figure Recurring Revenue Business – Pt. 5

with Troy Dean

Part 5

Episode #105

Part 5 of Troy’s 5-Series Podcast- How He Went From Unemployable University Dropout to Building a Successful Online Business With Recurring Revenue

I hope you’ve enjoyed my story so far and are inspired to build your own online business with recurring revenue. It really is the holy grail. It gives you predictable cash flow and frees up your time. I would not have been able to write this document without recurring revenue, half-decent processes, and a good team.

I have travelled the world, met hundreds of amazing people online and offline, and had a positive impact on thousands of people through the courses we teach and the software we provide.

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Show Notes

Chapter 5

I would not trade my business for anything.

So I know what you really want to know is what you should do next. Here are a few ideas, in no particular order, to get you started:

Start building a list of emails now.
Make people an irresistible offer to join your list.
Give away as much free stuff as you can without giving away the farm. If in doubt, give away the farm.
Talk to your list and ask them what they want. Offer them what they want and ask them to buy it. Then build what they want once they have committed to buying it.
Don’t quit.
Partner with other companies that are serving the same audience with complementary products.
Produce videos.
Speak at events.
Don’t quit.
Partner with other companies that are serving the same audience with complementary products.
Produce videos.
Speak at events.
Don’t quit.
Give away free software.
Don’t be afraid to buy traffic, just find a way to pay for it.
Don’t quit.
Don’t try to build a company just to sell it – it won’t keep you motivated, and the chances of selling it are ridiculously slim. You’ve got more chance of writing and releasing a number one hit single.
Start a podcast.
Unsubscribe from anyone’s list unless you actually look forward to their emails. Email marketers are all trying to sell you something eventually. I know because I’m one of them.
Reach out to mentors.
Admit you don’t know what you’re doing.
Don’t buy software apps unless you absolutely bloody need them.
Only use technology and automation when you are overwhelmed and can no longer do it manually.
Don’t believe everything you read and don’t believe that other people are as successful as you might think.
In my experience, there is a lot of horse shit on the Internet.
Publish your thoughts and opinions on the Internet with no expectation that anyone else is going to read them.
Learn stuff and publish what you are learning. It helps you learn it and it keeps you accountable.
Don’t quit.

Here are some people you might want to follow and learn from because they give away amazing value, and they don’t bullshit (I either know these people personally or have bought several of their products):

I wish there were more women on this list, but it seems my experience in online business and marketing has been dominated by men. If you know any amazing women in online business and marketing who I should follow, please let me know.

Don’t quit.

“Hit the publish button”, as my friend Bill Belew says.

Don't quit, don't quit, don't quit.

I’d love to hear about your story and your journey towards creating an online business with recurring revenue. Maybe you’re just starting out or maybe you’re on your way and you’re trying to scale it. Wherever you’re at, feel free to get in touch, and hopefully we can all help each other achieve our dreams.

Hit me up on twitter @troydean – use the hashtag #revrev – or shoot me an email at [email protected].

Stay curious and make some noise.

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Troy Dean

I am the Founder of Agency Mavericks. The reason I get out of bed every day is because I love helping people to grow their web design or digital marketing businesses. I do this through coaching, creating courses, speaking, consulting and heading up our awesome community.