This Number Dictates Your Profit Margins

This Number Dictates Your Profit Margins

This Number Dictates Your Profit Margins

This week has been about getting your finances in check for 2021

We started off with our guest interview with Debbie, where she talked all about how you can be financially successful in 2021 and shared her book-keeping and accountancy skils

Tuesday, I shared 3 tips that make a big difference to our gym to maxmise our profit

Yesterday, we shared what’s working for us right now in terms of saving for Tax and VAT

Today, I want to go into a fundamental thing you need to know asap in your business, so the amount you’re spending on bringing a client in is working just as it should πŸ’Έ

Today I want to talk about your client lifetime value

This means how long you can keep a client and how much they’re worth over that time

Say you charge Β£100 a month

The first month, maybe you’re paying Β£100 in advertising, staff costs etc

So you break even

But then you might think, it was pointless signing that client up

And this is where you need to learn your clients Life Time Value (LTV)😎

If a business keeps a client for 6 months for example

Each client is worth Β£600

So say they cost Β£100 to sign up..as a whole they’re worth Β£500 to you

So consider the LTV of your clients

If you only keep a client for 2 months and it takes Β£100 to sign them up

You’ve only made Β£100 profit 😞

Figure out how long you can keep them, how much they’re worth, and how much you’re willing to spend to get them in, in the first place

If you’ve been doing this a while, you should have a good idea of how long your clients stay with you

If you’re new, keep it simple, aim for 6 months

It should be longer if you’re good at what you do! 😝

I hope this helps!

David πŸ™‚

5 Tips on Software and Automation Systems

5 Tips on Software and Automation Systems

This week is all about systems and automations Yesterday Ryan shared his software company, his fitness business and all of the most popular trends amongst FitPros  Today I'm sharing 5 automations and software tips 😎 1️⃣ Map EVERYTHING Down. You see, automations -...

Here’s Why You Need To Be Explaining & Confirming To Your Leads

Here’s Why You Need To Be Explaining & Confirming To Your Leads

This week has been all about systems and automations 😎 We started with Ryan giving us an insight into what he does for his software company and sharing his experience working with lots of other FitPros Yesterday we shared 5 tips of systems and automations 5️⃣ Today...

Hi I’m David πŸ™‚

I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”

Download Your FREE "Copy & Paste" Guide

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Message Me Personally On FB

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Join The Facebook Community

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5 Tips on Software and Automation Systems

5 Tips on Software and Automation Systems

This week is all about systems and automations Yesterday Ryan shared his software company, his fitness business and all of the most popular trends amongst FitPros  Today I'm sharing 5 automations and software tips 😎 1️⃣ Map EVERYTHING Down. You see, automations -...

Here’s Why You Need To Be Explaining & Confirming To Your Leads

Here’s Why You Need To Be Explaining & Confirming To Your Leads

This week has been all about systems and automations 😎 We started with Ryan giving us an insight into what he does for his software company and sharing his experience working with lots of other FitPros Yesterday we shared 5 tips of systems and automations 5️⃣ Today...

Hi I’m David πŸ™‚

I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”

Download Your FREE "Copy & Paste" Guide

Let's Connect...

Message Me Personally On FB

Message The Facebook Page

Join The Facebook Community

Message Us On Instagram

Message Us On LinkedIn

Watch Us On YouTube

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