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Should You Post Your Prices on Your Website?

One of the most common questions asked by CrossFit gym owners is one of the most difficult to solve. Like so many things in fitness, the correct answer is “It depends.” But I’ve never been satisfied on that answer, and when I hear it, I always want to reply: “Depends on WHAT?” So here you go: the real answer. Should you put your prices on your website? It depends what phase of entrepreneurship you’re in. If you’re not sure which phase you’re in, start by taking the test here. If you’re in the Founder phase, keep your prices off your website. You need as many conversations with potential clients as possible. You might convert someone who would have been turned off by your rates before they experienced your coaching prowess; but more likely, you just need more practice doing consultations anyway. Get as many in the door as you can. Remain undaunted by price-objectors. If you’re in the Farmer phase and have a high ARM (average revenue per member per month) and a high LEG (length of engagement), keep your prices off your website. You no longer WANT every client, but the high lifetime value (ARM x LEG) of the clients you DO get If you’re in the Farmer phase and have either a low ARM or low LEG, put your prices on your website. Your best opportunity isn’t to get new people in the door. It’s to increase ARM and LEG for your current clients, and focus only on the clients who will drive those numbers out. Let people self-select based on price, and use the time on goal reviews with your current clients instead. If you’re in the Tinker phase, put your prices on your website. Right up front. You no longer have time for people who need to be sold on price. When Catalyst passed the point of 33% profit margin, I started experimenting with our prices. ...
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The Camera's Always On

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] When you open a business, you take the stage.   Most of your best customers will come from personal meetings. And most of those meetings will happen when you’re not prepared: in the coffee shop, in local groups, or at your kid’s soccer game.   But even when you’re not face-to-face with someone, your actions still reflect on your business. And that means you’re always on. Most of us live in communities with only one degree of separation–if I don’t know you, I know someone who does–and your reputation travels faster than any Google AdWord ever could.   And perception is reality: no one will take the time to get to know “the real you”. They don’t have time.   There are three types of reputation: Bad – people actively warn others away from you Indifferent – “I never hear anything about them” Good – people actively describe you as “amazing” or “the best guy I know.”   It’s not enough to just avoid a bad reputation, but let’s start there:   Don’t cut people off in traffic. Don’t rant about “bad clients” on Facebook, even if you think other gym owners will pat you on the back. Dress like someone you’d trust with your wallet.   To cultivate a good reputation: Over tip everywhere you go. Smile at everyone. Make eye contact. Say “Good morning!” Seek ways to connect the people you meet. Help First. Ask yourself, “How can I make this person’s day?”   Finally, cultivate an “offstage” area. Even at Disney, where the “stage” is hectares of sun-scorched asphalt and every employee is part of the production crew, there are tunnels where Goofy can de-Goof. He can take off his giant head, say a few swears, kick the wall if he has to. Your “offstage” might be your home, or maybe you let it all loose at the gym (not your own.) I think ...
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Episode 140: The Business Premortem

In this episode, I walk through a simple exercise to help you identify and prioritize your opportunities and threats.
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Marketing Monday: Are You Spending Too Much on Ads (Or Not Enough?)

In this week’s edition of Marketing Monday, I’m going to work through a question I get asked almost every week: “Hey Mateo, how much should I be spending on my ads?”   This video has some math in it because this is a tough question to answer straight out #itscomplicated.  Let’s see if we can figure this together. If you need help setting up your ad budget, book a call with a mentor.   Two-Brain Clients click here.   If you’re new to Two-Brain, click here.
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2000 Free Calls: What I've Learned

Since 2012, I’ve been doing a free call with any gym owner or entrepreneur who needs one. I just passed the 2000th last week. (If you haven’t booked a free call with me yet, go ahead and click here.) This is part of my mission to serve 1,000,000 entrepreneurs: a 30-minute phone call, on my dime, to talk about your biggest problem, suggest a solution, and–if you’re the right fit–invite you into mentorship. I only do it once for each person. But I learn a LOT in that 30-minute span. Here are some of the top lessons I’ve taken from these calls over the last 6.5 years:  It’s never as bad as it seems when you’re in it. The problems of gym owners are changing quickly. The new problems are better problems. Most gym owners are now talking about profit (finally) A “free call” to Guam costs me $47 No one has unique problems (Germans, Guatemalans and Greeks all have the same problems we do in North America) My role isn’t to spout ideas, but a step-by-step plan. In other words, clarity A great idea at the wrong time can be fatal 96% of entrepreneurs in the fitness industry would “go to their gym and coach” the day after winning the lottery More clients is almost never the solution More entrepreneurs know they need “systems” than ever before Other consultants are a stepping stone up to TwoBrain (thanks to Dave Tate for predicting this in 2016) There are really four distinct phases of entrepreneurship (take the test to see where YOU are here) and each requires different advice, lessons and mentorship More owners understand the need for diverse revenue streams 1 in 8 owners cry when they get on the phone 1 in 10 owners are actually doing really well, but need some vision to get their gym operating autonomously Our lessons apply to physical therapy clinics, chiropractors, chocolatiers, tire stores, Kumon ...
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Episode 139: The 30-Day Conversation Challenge

 
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