It keeps me up at night.
The number of studio owners out there have no idea of the kind of profit their studios could make…
“There’s no way you can be a 6-figure Pilates studio owner.”
“Well, only after 20 years experience and if you were a second-generation teacher and if you were in NYC/ LA/ London/ Sydney and even then it was a stretch. Do the math. It’s impossible.”
Talk about self-limiting beliefs, am I right!?
If you think your studio can hit a million dollars is if you toil away for 40 years of experience, had lineage, and had your studio blessed by the Dalai Lama.
Then I’ve got news for you darling, you’ve been selling yourself short.
On this week’s edition of the Best Of Ready. Aim. Empire, we’re getting up close and personal with some of our 7-figure studios and shedding a little light on just what it takes to get to that elusive 7-figure studios.
In this throwback episode, we’ll be looking at four of our yoga and pilates studios and really digging into the challenges that were holding them back from hitting that million dollar mark, and the changes we made to get them safely into 7-figure territory.
If figuring out how to scale your studio makes you feel about as lost as last year’s Easter egg, then darling, this is just the right episode for you.
In this episode you’ll learn:
- What’s really possible for your studio when it comes to revenue
- One of the biggest fitness industry myth and how it might be holding you back
- The monthly breakdown of studios that are hitting 7-figures or $83,000 a month.
- The metrics you need to focus on to measure (and maximize!) your studio’s revenue
- How I calculate retention and conversion rates and why these number matter so much
- The big mistake most studios with 1:1 clients are making
- The one number that matters EVEN MORE than your revenue
- And, why 7-figure revenues don’t matter unless you’re also hitting this one financial goal
With grit & gratitude,
Lisé
