Episode 134: How to Maximize Recurring Revenue Retention with Casey Graham
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Do you have recurring payments in your business that supplement a percentage of your revenue? You could be missing out on income due to failed payments! Casey Graham created Gravy Solutions when he found that he was loosing 6 figures a year to failed payments in his business from recurring revenue. The solution to this issue was more than just an automated email, it included follow up and conversation that most entrepreneurs just don’t have the time to do. If you’re ready to maximize your recurring revenue retention and gain back those lost customers, listen in to this episode as Casey shares how Gravy approaches this service for entrepreneurs so they can recover lost profits, while still doing what they love. Are you ready to reclaim your time and maximize your revenue? Let Gravy Help You Rather than unintentionally sabotaging yourself by putting too many responsibilities on your plate, it’s important to bring in professionals who can approach your recurring revenue issues and handle them for you. Gravy can accelerate freedom for you as an entrepreneur, see holes in your business from an outside perspective, and be the ears to hear what your customers are saying. There are people you can delegate your tasks to so you can focus on working on the creative, marketing, and sales tasks that will grow your business. The Gravy Concept Gravy Solutions approaches their recurring revenue retention model with a unique approach: You Get – Gravy gives you 10% of whatever your churn is to work with youWe Earn – The money of those we win back.You Keep – All future payments from customers. This offering allows the entrepreneur to know exactly what they’ll earn from the partnership while Gravy approaches your customers to update their payment information and complete the transaction. Then you’ve not only earned lost revenue, but you’ve secured future revenue as well. CATCH THE SHOW NOTE BREAKDOWN: 1:41 – Who is Casey Graham? 5:18 – Failed Payments in Business 9:19 – Where you’re wasting your time in retaining customers. 12:40 – Bonnie’s Review of Outsourcing 14:35 – Tracking Your Time and Tasks 17:22 – What Gravy does for entrepreneurs 21:48 – How Gravy Works1. You get 10% of failed payments. 2. Gravy will work within your brand.3. They only get paid for what they win back. RESOURCES MENTIONED: gravysolutions.io – be sure to say that Bonnie sent you to receive a special offer! facebook.com/gravysolutions instagram.com/gravysolutions twitter.com/gravysolutions FOLLOW ALONG Brand Strategy Podcast