I wrote an article recently for a business column for a local newspaper about monthly recurring revenue. Basically everybody from your grocery store to your healthclub is really focusing on monthly recurring revenue to sell their products.
One of the challenges with businesses like cuemaking is keeping your revenue highs and lows in check. It's easier to manage your business to a steady cash flow than solely working on projected sales which may or may not materialize.
Do you think it would work to have a 'cue club' where members paid a certain amount and got a new cue from you every 'X' months. Similar to wine clubs. People could join for different packages and support their favorite cuemakers to whatever level they were comfortable with.
Say a person can't really afford to pay $250 for a cue, but they could pay $20/month and get a $250 or $300 cue every year. Collectors and wholesalers could join several clubs and get a steady supply of cues.
20 people in the club would translate to $400/month in steady revenue.
Not sure if this would work with cuemaking or not, but I thought I'd throw it out there in an effort to think outside the box and maybe stave off the Chinese invasion.
~rc
One of the challenges with businesses like cuemaking is keeping your revenue highs and lows in check. It's easier to manage your business to a steady cash flow than solely working on projected sales which may or may not materialize.
Do you think it would work to have a 'cue club' where members paid a certain amount and got a new cue from you every 'X' months. Similar to wine clubs. People could join for different packages and support their favorite cuemakers to whatever level they were comfortable with.
Say a person can't really afford to pay $250 for a cue, but they could pay $20/month and get a $250 or $300 cue every year. Collectors and wholesalers could join several clubs and get a steady supply of cues.
20 people in the club would translate to $400/month in steady revenue.
Not sure if this would work with cuemaking or not, but I thought I'd throw it out there in an effort to think outside the box and maybe stave off the Chinese invasion.
~rc