Step by step: Monthly recurring revenue on Shopify

Ok so one thing that is very relevant to our bargain priced eBook on social media side hustles is the need to charge client's monthly for your service. 

So one more Fanboy post on how shopify makes this super easy in a way that makes you look a lot more credible then a random venmo or paypal payment. 

Clients can pay for your services by going to your shopify site.

Here's a simple step-by-step guide on how to set up monthly recurring billing. This feature can be a game-changer for your side hustle, letting you automate payments so you can focus more on delivering your services.

Step 1: Install a Subscription App

Shopify itself doesn't natively support recurring subscriptions, but fear not! Shopify’s App Store has a wealth of subscription apps such as "ReCharge", "Bold Subscriptions", or "PayWhirl Recurring Payments". Install one of these to get started.

Step 2: Set Up Your Subscription Products

Once the app is installed, you'll need to set up your subscription product or service. Go to the app's dashboard and follow the prompts to create a new subscription product. You'll need to fill in details like the product name, description, price, and billing interval (set this to monthly).

Step 3: Configure Your Payment Settings

Next, configure your payment settings. This will typically involve choosing a payment gateway that supports recurring payments. Popular options include Shopify Payments, Stripe, or PayPal. Make sure to configure your settings so that payments are automatically collected each month.

Step 4: Manage Your Subscriptions

The subscription app will give you a dashboard where you can manage your subscriptions. Here you can track new sign-ups, cancellations, and failed payments, and you can also manage customer information.

Step 5: Test Your Subscription
Before you go live, test your subscription to ensure everything works as it should. Consider going through the subscription process as a customer would, to ensure that the experience is smooth and intuitive.

Step 6: Launch Your Subscription
Now you're ready to go! Share your new subscription service on your website and social media channels, and start enjoying the benefits of recurring revenue.

And there you have it! Six simple steps to setting up a monthly subscription for your service on Shopify. Remember, automating payments is a great way to simplify the financial side of your side hustle and focus more on what you do best. Good luck!

If you don't have Shopify yet, you can get a 3 month trial for $1 per month here!