Wednesday 10th December Business Briefing
Video Length:
Category:
Date:
-
Introduction and setup: The speaker begins informally with greetings, technical adjustments, and reflections on a recent trip to London, describing the city’s chaos, energy, and memories of retro items like sideboard record players from the 1970s.
-
Podcast experience: Shares experiences recording the new “Beyond the Studio” podcast with other industry professionals, discussing career background, evolution, and current directions in the fitness and wellness business.
-
Reflections on activity: Mentions the struggle of being sedentary for long periods during travel and work, reinforcing the importance of movement for well-being.
-
Discussion on pricing strategies: Recaps previous conversations about pricing and revenue. Encourages fitness professionals to review and adjust prices for the new year, focusing on value alignment rather than arbitrary increases.
-
Price review and structure: Advises maintaining consistent pricing for existing offerings (such as online coaching and in-person classes) while introducing new premium programs or workshops at higher price points.
-
Business structure and service tiers: Suggests designing a “menu” of services with multiple tiers:
-
High-end personalized services (e.g., 1-to-1 coaching or reformer sessions).
-
Mid-tier programs (e.g., group classes, online communities).
-
Entry-level or affordable options (e.g., short challenges or workshops).
-
-
Psychological pricing: Explains that simply listing higher-priced services—even if not heavily promoted—adds credibility and helps clients perceive greater value in mid-range offerings.
-
Online program development: Encourages all instructors to launch an online program in January, highlighting its potential to attract new clients via social media and build engagement.
-
Program ideas and logistics: Recommends formats like 7-day, 14-day, or 28-day programs, possibly focused on Pilates, mobility, posture, or beginner-level goals. Suggests delivery via Facebook, WhatsApp, or personal websites depending on audience needs.
-
Marketing strategy: Emphasizes early-bird pricing or incentives like goal-setting consultations to drive early sign-ups. Discusses buyer psychology—early surges, mid-period lulls, and last-minute purchases.
-
Retention and client relationships: Advises nurturing relationships during January programs since participants who succeed early are more likely to stay long-term.
-
Pricing decisions: Suggests testing different price levels—either higher for exclusivity or lower for broader reach—and even running simultaneous programs for different audiences.
-
Value perception: Reminds professionals not to undervalue online services; people pay for convenience and results, not just time.
-
Brand presentation: Recommends setting out all offerings on a single web page as a “menu” with clear calls to action. Examples include carousels for social media showcasing tiers like 1-to-1 sessions, reformer programs, community classes, and online challenges.
-
Social media content pillars: Encourages defining content categories that reflect both personal and professional sides (e.g., fitness, lifestyle, pets, personal stories) to increase authenticity and audience connection.
-
Authenticity vs. polish: Stresses the importance of transparency and relatability over AI-generated perfection, to build stronger emotional connections with followers.
-
Community and feedback: Shares a positive testimonial from a new supporter who found more value in this coaching community than in costly high-end masterminds. Ends on a motivating note to prepare for upcoming collaborative planning of January launches.