In this week's show, John talks you through the ways in which you can create recurring revenue streams, and why it’s so important to ensure that you have a constant influx of capital heading your way, so as to better secure your financial future.
KEY TAKEAWAYS
- Think about repeating needs that people have, and look for solutions that can fill those needs. Software, for example, can take care of a repetitive need. Do you have a piece of software that can save someone time, and can you monetise it?
- The smartest way to ensure a regular cashflow, is to sell something once, and get paid over and over again for it. Subscription models are the best way of achieving this.
BEST MOMENTS
'Cash is not king. Cash is worthless'
'Cashflow is like oxygen'
'Your income is in direct proportion to the amount of call-to-actions you make each day'
ABOUT THE HOST
JOHN LEE
John was born to Chinese parents who ran a takeaway in the north of England, where he helped out washing dishes from the age of eleven. He attended University, gaining a first class honours degree in Animation and began a career as an animator. By the age of twenty-seven, through careful investment, John had built up a highly lucrative property portfolio and was a self-made millionaire!
Since then, John has inspired thousands of people through seminars and one-to-one mentoring, helping them to build successful businesses and receive global acclaim. He has developed an international reputation as a motivational speaker, sharing stages with the likes of Bill Clinton, Alan Sugar, Richard Branson, Jack Welch (former CEO of GE) and Randi Zuckerberg.
John now divides his time between the UK and Asia, sharing his knowledge and inspiring others to take control of their lives the way he did. His motto in life is “Do what others don’t and have a tomorrow that others won’t!”
For more information on John, visit www.johnlee.com
See omnystudio.com/listener for privacy information.
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