Upping Those Profit Margins

Time To Read: 3 minutes

This week is all about getting your finances in place

On Monday Daniel came on to explain the Profit First Formula

Tuesday we shared 4 tips on what’s working for us at DKnine Fitness ❗️

Wednesday we looked at your Facebook Ad numbers

And yesterday we shared a foundational tip ✅

This week we’ve covered lots of different aspects of finances

And to finish it off I just want to go over a few quick things you can do to get that little bit of extra profit

When it comes to your outgoings – make sure you’re spending on the right things and not wasting your spare cash

Keep an eye on every subscription you have 👀

Next, let’s talk about the client-side of things

Decide on the pricing you’re happy with 💸

Don’t let the area you’re in dictate your prices

Know your worth!

Plus, if you want to increase your profit look at the upsells you can put in place

My-Zone, merch (hoodies, t-shirts), protein bars, etc. 🩳

And these are the things that will make the difference to your profit margins

The other month I know we talked about workshops – even once a quarter

A 3-hour workshop, £30 per head, 10 people that’s an extra £300 you didn’t have 🙌

So to finish off this week make sure you’re looking at different ways to increase your income

Plus, if you’re interested in everything Daniel had to say on Monday be sure to check out a book called ‘Profit First Microgyms’ 📘

David 🙂

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