EP52. Recurring Revenue Stream That Changes Your Company Forever by Mitch Russo


Mitch Russo returns for another segment. This time as the CEO/Founder of PowerTribes, which finds hidden assets in companies turning them into Superstars making consistent recurring revenue with no product upgrade, new releases and not depending on anything else to generate revenue.




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He was last with us talking about his #1 bestseller The Invisible Organization: How Ingenious CEOs are Creating Thriving, Virtual Companies, which is the CEO’s guide to transitioning a traditional brick and mortar company into a fully virtual organization. It became an instant bestseller on Amazon across several categories.

Mitch co-founded Timeslips Corp, which grew to become the largest time tracking software company in the world before it was sold in 1998. Then, Mitch went on to join long-time friend Chet Holmes as President, later to join forces with Tony Robbins and together created Business Breakthroughs, International with nearly 300 people and about $25M in sales.

He says, “Make it Happen” and he’s doing that. He founded PowerTribes which focuses on a hidden asset of companies and turns that into a powerful recurring revenue stream without any new upgrades or product launches by the company. 

Mitch tells us how to create a high volume revenue stream for our company, and more on this episode of Revenue Chat with Tony DUrso.

=Highlights=

  • How he grew his new network to over 350 people in just two years.
  • The concept and story behind naming the company Power Tribes.
  • Why even successful business owners live in a constant state of fear?
  • The one simple ingredient that makes any company a Superstar and not a Struggler.
  • What is the hidden asset that every business has?
  • Great story: The beggar and the wise man!
  • How to easily further monetize the early adapters in your customer base.
  • What is the biggest mistake companies make when trying to set up a coaching team?
  • How do you turn clients into salespeople?


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Mitch Russo delivers in abundance on how your company can create amazing revenue streams with no additional products. Brilliant stuff! C-Level Execs take note.

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If you like pleasure reading, and you enjoy zoning into a good read that you cannot put down, check out The Good, Bad and Gold: The Pursuit. This was a labor of love of ten years in the making. I am well into Book 2 (Dark Horizons). I am also working on a pre-history of the Imen. It’s a work in progress, so let’s see how that all comes together.

If you want to get some of the simplest and easiest basics of sales, then check out Easy Sales Procedures. You’re gonna say, hey, this is so basic…this is too easy… Yeah, well, I get that a lot.–You need the building foundation in place before you add any floors, right? Check it out and let me know how you like it.

 


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Another Great Complimentary Podcast…

Check out a great podcast FlipMyFunnel. They have a good mix of interviews with B2B sales & marketing leaders dedicated to help you become a master of your craft.

 

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