EPISODE · Jul 2, 2020 · 21 MIN
133: Understanding The Value Ladder In Your Fitness Business
from Gym Business Coach Podcast · host Tim Lyons and Randy Angsten
Do you have a value ladder built into your fitness business? If you look around, all successful businesses have a value ladder built into their business, whether intentionally or not. A value ladder is when you get your client into your ecosystem and gradually ascend them into the higher price tiers where they can get the most help.In your fitness business model, you should have layers of service so that you are offering your clients the opportunities to get a different level of service. This allows you to grow your business and increase your profitability without necessarily adding in more clients.As a business owner, you shouldn’t view the value ladder as just a way of making more money, rather as a way to help your clients better achieve their goals. At higher price points, they should receive better results. It could be customized programs or individualized attention. The user experience goes up as they go up the value ladder. Listen in to this episode and hear more about how you can ascend your clients up the value ladder to maximize profitability and provide greater results to your clientsKey TakeawaysHow important is a value ladder to your business (02:48)Examples of a value ladder in a fitness business (03:41)Why you should improve the client’s experience as they move up the value ladder (07:54)Ascending potential clients up the value ladder in the type of content you offer (10:56)Leveraging quizzes to get leads (14:17)How we can help you transition your fitness business model (16:50)Additional Resources:www.pfmarketingsolutions.com/summitwww.PFMarketingSolutions.com/Automationwww.CLACourse.comwww.ProFitGPS.netMarketing Talk with Fitness Professionals Facebook Grouphttps://PFMarketingSolutions.com/Datawww.PFMarketingSolutions.com/Callwww.ProfitGPS.com--If you are interested in a free audit for your gym, visit http://bit.ly/free_gym_audit--You can find out more about Tim and the strategies covered in this episode by checking out our website.--Would you rather watch the video version instead?Head over to our YouTube channel to watch this episode by going here--If you don’t already have my book, get your copy FREE here.--Connect with Tim:Schedule A CallFacebookInstagramLinkedInConnect with Randy:FacebookInstagram--Subscribe to the podcast on Apple, Spotify, Google, Stitcher, YouTube or anywhere else you listen to your podcasts.If you haven't already, please rate and review the podcast on Apple Podcasts!
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What this episode covers
Tim and Randy break down and dissect the value ladder in Tim's gym Pulse Fitness and explain why it's so crucial for maximizing profitability for your business. They also discuss systems in place for ascending clients up your value ladder to provide them with a greater result, while the business becomes more profitable. - - If you're interested in a free audit for your gym, visit http://bit.ly/free_gym_audit
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133: Understanding The Value Ladder In Your Fitness Business
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