Would you like to calculate potential earnings with recurring revenue? Please continue reading to learn how to use our calculator.
Table of contents:
How much money can I make with a Credit Repair business?
Run this Credit Repair business Profit Calculator and get some projections!
Go to https://www.creditrepaircloud.com/calculator
Enter your “first work” fee in the first field
This can be left at zero ($0) if no fee will be charged at the beginning of your service.
- Enter the monthly cost of your service in the second field
- Enter your estimated number of clients for your starting month in the third field
- Enter your estimate for new clients each month in the fourth field
- Enter your estimate for monthly cancellations in the last field
- Lastly, you can enter the number of years that you would like to see the projection for
- Under Projected Average Revenue, you will find the following average calculations:
Average Lifetime Revenue Per Client: This is the average spend per customer before they cancel their subscription.
Churn Rate: The annual percentage rate at which customers stop the subscription to your service.
Monthly Recurring Revenue: This is the average monthly revenue that you will collect from your customers based on the estimates you input in the calculator.
You, and not CRC, will have sole responsibility to review your marketing and collection efforts relating to the services you provide. Also, you, and not CRC, must confirm that your marketing and receipt of fees are compliant with applicable state and federal laws.
If you solicit from or service customers outside of the state where you reside, you must comply with the Telemarketing Sales Rule (“TSR”). For more information regarding the TSR, you can visit the FTC's website: https://www.ftc.gov/business-guidance/resources/complying-telemarketing-sales-rule. CRC's statements are not legal advice. You should seek legal advice to ensure compliance.
Credit Repair Cloud requires that all customers comply with the TSR and any other applicable laws and regulations to continue using its software.
Learn the industry secrets to running a profitable credit repair business by taking our FREE training here: https://w.creditrepaircloud.com/free-training-c
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