686: Booked Solid But Still Not Profitable
Description
Welcome to this bonus podcast episode! What do you do when your studio is booked solid…but still unprofitable? When you're teaching constantly, running the front desk, managing marketing, all the things…but can't pay yourself?
Find out how one yoga + Pilates studio owner finally quit working for free. Join Coach Rachel Prairie for this case study in Episode 686: Booked Solid But Still Not Profitable.
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Stop undercharging: monitor market rates and bump up your prices
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Limit promotions: decrease discounts and deals to increase profit margins
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Move to memberships: generate recurring revenue with tiered options
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Adjust instructor pay: consider a flat rate plus attendance/retention incentives
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Analyze your numbers: set and track weekly, monthly and quarterly KPIs
Implementing these changes resulted in a 22% increase in monthly revenue in just six months! This inspired owner is now taking home more while working less. Hear her story in Episode 686.
Catch you there,
Lise
PS: Join 2,000+ studio owners who've decided to take control of their studio business and build their freedom empire. Subscribe HERE and join the party!
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