1863
6 min 32 sec

Q&A: How can my tour business earn recurring revenue?

Today’s caller is a tour operator who hosts visiting Americans and other tourists. Is there a way they can shift from being paid for single tours to a recurring revenue model?
Q&A

Subscribe Now For A Free Five Step Tutorial

What It's About

A listener from Spain needs advice on how to level-up their tour business.

Notes from Chris

Episode 1863
I hope your new month is starting off well!

I’m a big fan of walking tours. Whenever I visit a new place and I’m looking for a way to experience more of the city through the eyes of someone who lives there, a walking tour is often a great option. I’ve had really good experiences in places as different as Jakarta or Johanessburg.

Today’s caller is a tour operator who hosts visiting Americans and other tourists in Barcelona. Of course, travel has been off and on over the past couple of years, and it’s got him thinking: how can they diversify their income? Even better, not just diversify, but how might they earn recurring revenue?

"I live in Barcelona and have been slowly starting a tour business for visiting Americans and some Canadians. Of course, travel is not nearly what it was a few years ago, but I'm in it for the long-term. My hope is that in a year or two, I'll be positioned to grow into a larger service. However, as part of that, I'd really like to be working on some kind of recurring revenue. Operating a travel business during COVID has made it even more clear how important it would be to know I had a certain amount of money coming every month. Still, it seems a tour business would be difficult to turn into a subscription, right? Can you think of anything I could do to be less dependent on the cycle of incoming travelers? The revenue also varies because of the seasons, in addition to whatever else is happening."

Listen to today's episode to learn more...

 
  SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter


Download Episodes By Months:

Season 8 (2024): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 7 (2023): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 6 (2022): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 5 (2021): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 4 (2020): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 3 (2019): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 2 (2018): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 1 (2017): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Resources

GET $625 IN FREE TRAVEL

Earn 50,000 travel rewards points (enough for 2 round-trip plane tickets or $625 in travel credit). You'll also earn 2x points on all travel and dining spend, with zero foreign transaction fees.

I use this card every day all over the world! ✈️


Learn More

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today!

Learn More

Sponsors & Gratitude

Learn More With Skillshare!

Supporting the sponsors keeps the show free. Today’s episode of Side Hustle School is brought to you by Skillshare. 📷

Skillshare is giving Side Hustle School listeners 2 months of unlimited access—for $0.99! Join the 2 million students learning everything from street photography to SEO on Skillshare today!


Get Started Here!

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.




Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!





To infinity and beyond,

Chris Guillebeau