AI Snips
Chapters
Transcript
Episode notes
Raising Prices at Full Capacity
- Raise gym membership prices when at full capacity to increase revenue.
- Consider grandfathering in existing members, but acknowledge the need for price adjustments.
Communicating Price Increases
- Communicate price increases honestly, explaining the rationale behind the change.
- Acknowledge past pricing mistakes and emphasize the need for business profitability.
Renegotiating Contracts
- Release members from existing contracts if necessary and create new, mutually beneficial agreements.
- Highlight the importance of profit for reinvestment and business growth.