Comments on: Business Strategy: The Recurring Income Trap http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/ Innovation, Creativity, Entrepreneurship, Personal Development Fri, 10 Feb 2012 14:21:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Brian Clark http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-29938 Brian Clark Tue, 18 Oct 2011 11:17:38 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-29938 Great blog post. I appreciate your argument and you can't simply sit around and wait for your next pay check. You have to work your tail off to create so much value that people can't get enough. The biggest companies in the world play the game that the rich play and that is cash flow, not hoping to buy low and sell higher. That is gambling, your building your business off of quick sand. Heaven forbid you have salaried employees and they don't receive their pay check. Great blog post. I appreciate your argument and you can’t simply sit around and wait for your next pay check. You have to work your tail off to create so much value that people can’t get enough.

The biggest companies in the world play the game that the rich play and that is cash flow, not hoping to buy low and sell higher. That is gambling, your building your business off of quick sand.

Heaven forbid you have salaried employees and they don’t receive their pay check.

]]> By: The Importance Of Recurring Revenue For Your Online Business » Kris Pearson http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-21648 The Importance Of Recurring Revenue For Your Online Business » Kris Pearson Thu, 06 Jan 2011 23:36:31 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-21648 [...] Business Strategy: The Recurring Recurring income business strategy and the fitness industry. The business model for your average mainstream … it to the world of online business … you want to have a recurring revenue … [...] [...] Business Strategy: The Recurring Recurring income business strategy and the fitness industry. The business model for your average mainstream … it to the world of online business … you want to have a recurring revenue … [...]

]]> By: Fields A Wake Up Call « A Membership Conversation http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-17576 Fields A Wake Up Call « A Membership Conversation Mon, 09 Aug 2010 20:48:14 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-17576 [...] I have been unable to stop thinking about it and continue to refer back to it.  The post is titled Business Strategy: The Recurring Income Trap (click for [...] [...] I have been unable to stop thinking about it and continue to refer back to it.  The post is titled Business Strategy: The Recurring Income Trap (click for [...]

]]> By: 2am. Thinking outside the black box. http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13892 2am. Thinking outside the black box. Fri, 19 Mar 2010 10:11:07 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13892 [...] Jonathan Fields on exer­cis­ing new ideas. Scan­di­uzzi noted that the pri­mary mod­els for ACT’s new pric­ing and struc­ture are gym mem­ber­ship plans and Net­flix. Essen­tially, for $25 a month, you can go to any­thing at ACT at any time. What they’ve cre­ated is “the­atre on demand.” In this post, Jonathan Fields walks us through how this kind of plan might work, and how to keep it from becom­ing a crutch instead of a long-term solution. [...] [...] Jonathan Fields on exer­cis­ing new ideas. Scan­di­uzzi noted that the pri­mary mod­els for ACT’s new pric­ing and struc­ture are gym mem­ber­ship plans and Net­flix. Essen­tially, for $25 a month, you can go to any­thing at ACT at any time. What they’ve cre­ated is “the­atre on demand.” In this post, Jonathan Fields walks us through how this kind of plan might work, and how to keep it from becom­ing a crutch instead of a long-term solution. [...]

]]> By: Cynthia Morris http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13586 Cynthia Morris Thu, 04 Mar 2010 14:02:13 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13586 I can't imagine innovation as a burden. If I'm not making new initiatives regularly, I get so bored. The constantly growing online business possibilities make this fun! Thanks for a great series. I can’t imagine innovation as a burden. If I’m not making new initiatives regularly, I get so bored. The constantly growing online business possibilities make this fun!

Thanks for a great series.

]]> By: Who Else Wants to Make a Membership Site With Their WordPress Blog? | Ristvin Marketing Blog http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13576 Who Else Wants to Make a Membership Site With Their WordPress Blog? | Ristvin Marketing Blog Wed, 03 Mar 2010 18:23:24 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13576 [...] Business Strategy: The Recurring Income Trap [...] [...] Business Strategy: The Recurring Income Trap [...]

]]> By: Business Strategy Part 3: Taking Membership and One-Offs Online http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13544 Business Strategy Part 3: Taking Membership and One-Offs Online Tue, 02 Mar 2010 15:28:14 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13544 [...] the last two posts in this business strategy series, we’ve talked about the monthly membership business model and the innovating-without-a-net business strategy as they play out in the offline world. In this [...] [...] the last two posts in this business strategy series, we’ve talked about the monthly membership business model and the innovating-without-a-net business strategy as they play out in the offline world. In this [...]

]]> By: Gail http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13505 Gail Sun, 28 Feb 2010 12:43:51 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13505 I use this model, but I use many other options for payment as well. We never become complacent, it's never a set and forget model on both parts, we are constantly upping the ante for our students and for our staff! Maybe if the auto-pay was the only option this could happen, but since it's not it keeps things interesting always! I use this model, but I use many other options for payment as well. We never become complacent, it’s never a set and forget model on both parts, we are constantly upping the ante for our students and for our staff! Maybe if the auto-pay was the only option this could happen, but since it’s not it keeps things interesting always!

]]> By: Teresa http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13392 Teresa Wed, 24 Feb 2010 16:57:45 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13392 Does recurring income make people complacent? Probably, since there’s a promise of profit without much effort. Maybe a little instability is needed to always keep people on their toes. I agree, it is tragic when the chance to innovate and improve is perceived as a burden rather than an opportunity to add to one’s skill set and grow. However, recurring income or not, we should remember to be responsible for ourselves and our ability to recognize and grab opportunities as we see them. P.S. See how overcoming your fears and building self esteem can help you achieve business success, recurring income or none. Does recurring income make people complacent? Probably, since there’s a promise of profit without much effort. Maybe a little instability is needed to always keep people on their toes. I agree, it is tragic when the chance to innovate and improve is perceived as a burden rather than an opportunity to add to one’s skill set and grow. However, recurring income or not, we should remember to be responsible for ourselves and our ability to recognize and grab opportunities as we see them.

P.S. See how overcoming your fears and building self esteem can help you achieve business success, recurring income or none.

]]> By: susan kuhn frost (@sweetsue) http://www.jonathanfields.com/blog/business-strategy-the-recurring-income-trap/#comment-13342 susan kuhn frost (@sweetsue) Mon, 22 Feb 2010 16:14:27 +0000 http://www.jonathanfields.com/blog/?p=3120#comment-13342 Hi Jonathan (I do look forward to meeting you soon!) -- Let me take a different tack -- I refute your point thus: Take a look at http://ryanlee.com, a "guru" in the recurring revenue field. Ryan comes from the fitness arena and has made himself into a leader in the recurring revenue model (or models). He's a business person, not a "get rich quick" fantasizer. The fault is not in the business model, the fault is in the business person. The "set it and forget it" mindset can play out in two forms: (a) fully expecting that an online business "should" work because you put up a web site, or (b) "maintaining" a membership program like a job-holder rather than "innovating" like a creative entrepreneur. Business models are just abstractions of actual successful businesses. You can't just parachute one into a new situation and expect it to work ipso facto. A business model is a pointer, not a guarantee. In fact, innovating at business models is what really distinguishes entrepreneurs! That's when it gets fun, rewarding, and game-changing. I'm going to write more about this on my (new!) blog....thanks for the insightful article! Cheers and all the best, Susan Kuhn Frost Hi Jonathan (I do look forward to meeting you soon!) —

Let me take a different tack — I refute your point thus:

Take a look at http://ryanlee.com, a “guru” in the recurring revenue field. Ryan comes from the fitness arena and has made himself into a leader in the recurring revenue model (or models). He’s a business person, not a “get rich quick” fantasizer.

The fault is not in the business model, the fault is in the business person. The “set it and forget it” mindset can play out in two forms:

(a) fully expecting that an online business “should” work because you put up a web site, or

(b) “maintaining” a membership program like a job-holder rather than “innovating” like a creative entrepreneur.

Business models are just abstractions of actual successful businesses. You can’t just parachute one into a new situation and expect it to work ipso facto. A business model is a pointer, not a guarantee.

In fact, innovating at business models is what really distinguishes entrepreneurs! That’s when it gets fun, rewarding, and game-changing.

I’m going to write more about this on my (new!) blog….thanks for the insightful article!

Cheers and all the best,

Susan Kuhn Frost

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