Ep.366 ~ Subscription Business Goes from $0 to Over $10 Million in One Year ~ Alex Brown
~ Current Series ~
100 Interviews with 100 Location Independent Entrepreneurs That Have Over $1,000,000 in Annual Revenue
Recurring revenue for a business is a hot topic these days. Everyone wants to learn optimal ways to have the extra monthly revenue coming in to help their business grow and also be able to provide more value to their customers. Alex Brown is an expert in this space and joins us to chat about how businesses can find ways to create recurring revenue and how entrepreneurs can grow their businesses.
Alex is the co-founder of The Beard Club and together with his partner, they have grown their business from $0 to $10 million in revenue in year 1! Their business absolutely exploded over the past few years and Alex joins us to chat about creating subscription models, handling rapid growth and of course living the location independent lifestyle!
03:53: The Importance of Location Independence
05:53: Keeping Balance While Traveling
08:56: Starting as an Entrepreneur
14:45: Screwing Up On a Regular Basis
23:36: Alex on Creating Recurring Revenue for Your Business
29:49: Maintaining a Community to Keep Authenticity, Trust, and Loyalty
33:59: Recommendations to Find New Ways to Create a Subscription Product
35:39: Staying on Top of Business Growth
41:56: The Difference Between 5-Figure, 6-Figure, 7-Figure & 8-Figure Mindsets