The
Podcast

Podcast Episode 161: These Are Your 3 BIGGEST Competitors {and this is exactly what you need to do to stand your ground against them}

You have competition.  

This is likely not shocking {or if it is, you and I need to have a little chat}.  

But, who your real competition is, likely looks far different than the devilish client stealers down the street you’ve been staring daggers.  

In fact, as we began surveying hundreds of our studio owner’s clients over the last year, I was personally in for the shock of my life. The real competition, well, it was nothing like what I’d bet on.  

So without further adieu, let’s take a look at the three biggest competitors you likely have {and thank all those clients for spilling the beans so we could actually create some major systems to combat them}.  

In this episode you’ll learn:

  • An early experience in business I had that put a fear of competition in my mind
  • How we became “competition killers!”
  • Ways you can differentiate your business from the online competition
  • The role accountability and community will play in the decision-making process of your customers
  • The two major types of buyers that exist (and why you’ll want to stay out of “the middle” when it comes to pricing!
  • How to overcome price objections and which clients to focus on
  • The one metric that you need to start tracking now

LINKS:

Planet Money Podcast Episode 

“Here's what it takes to be a ClassPass superuser”

With grit + gratitude, 

Lisé

Recommended Episodes

  • Episode 700: The New Era of Studio Membership Models

    Memberships are the biggest revenue source and one of the most powerful levers studio owners have, so it’s critical to get them right. Unfortunately, too many are guessing here. Explore options, terms, pricing and consumer shifts as Conor McGarry, Pricing Team Captain, and I break it all down in Episode 700: The New Era of

    Listen Now

  • What Top Studios Are Doing Around the World, Part 3

    If you’re feeling the pressure now—rising costs, louder competition and members who seem harder to please—you’re not alone. So let’s peek at some powerful trends in a few regions.  Join Conor McGarry, Pricing Team Captain, and me for a flyby of what’s hot in Africa, LatAm and North America in Episode 699: What Top Studios

    Listen Now

  • What Top Studios Are Doing Around the World, Part 2

    In boutique fitness, it’s easy to be fully consumed by your studio—or the competitors nearby. Shift your perspective periodically to the landscape around the world to gain novel insights. Catch Episode 698: What Top Studios Are Doing Around the World, Part 2, where Heather Garrick and I highlight the cool innovation and evolution playing out

    Listen Now

  • What Top Studios Around the World Are Doing That We Love Part One

    When you're head-down running all the things in your studio, exploring beyond your walls may be off your radar. But peeking at the global industry evolution can spark ideas for your business. So Heather Garrick and I are filling you in on exciting innovations unfolding in the boutique sector in Episode 697: What Top Studios

    Listen Now