Are you shooting yourself in the foot?

It’s the first proper week of January, the time everyone starts getting back on track and organised

And I really hope you have been making the most of the January Gym Sales

Anyway…

I was on a call over the weekend with a new Portal member

They had just joined and wanted to get to grips with the payment side of things

Setting up payment in Stripe and how to send invoices out an all that

As they had been using PayPal and wanted to reduce their merchant fees

When we got chatting about what they use for their recurring payments

A payment that you get each month from the same person

They where stumped!!

As they run only 6 week programmes

Anybody that joined

Just paid for the 6 weeks

If they wanted to carry on, they would have to pay again for the next 6 weeks via a new link

There was nothing in place to keep the clients or even stop them from leaving

Which meant they had to re-sell at the end of every 6 weeks to have an idea of numbers 😱

We jumped on Stripe, got them set up with recurring payment for the 6 weeks and told them to follow something like this…

➡️ When they first joined the 6-week programme, tell them… that this is a great chance to test us out for the 6 weeks

Then once the 6 weeks is up, we then move you onto a 6 weekly rolling payment, to make sure you secure your place for each programme we run ⬅️

This way, you as the business owner…

✅ Know how many people you will have on the next programme weeks before it has even started

✅ Not have to convince them to stay on and have to re-sell as their payment will come out automatically

✅ Not lose everybody and have to start again each time as their payment will come out automatically

✅ Have a better understanding on your finances as you know how many recurring payments you have

✅ Reduce your front end sales as you won’t have to start again each and every time

You get my drift 🤓

If you don’t have a recurring payment set up, then you are SHOOTING YOURSELF IN THE FOOT

Go get this sorted if you don’t have it already and I will see you tomorrow 👊

David 🙂

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