So in planning this celebration in a few weeks, I
Speaker:want to launch the family membership option
Speaker:for people My goal is to get 20 families to
Speaker:sign up. Do I launch it on that day, or
Speaker:do I give my existing practice members
Speaker:lead time in being able to purchase that.
Speaker:And whenever I launch it, I need to brainstorm
Speaker:some incentives for them to be, like, 1 of the first
Speaker:20, or do I say that one of the first 10, get an extra
Speaker:bonus, or what are your thoughts What is your capacity for
Speaker:this offer? Is 20 your limit? No. But that would be, like,
Speaker:just about, like, 40% of my time and about
Speaker:40% of my income. So I think that then leaves
Speaker:space to do individual memberships
Speaker:and a la carte. And I don't wanna make it
Speaker:confusing, but I wanted to have the family
Speaker:membership option or the individual membership option. I
Speaker:wouldn't share it, but I would have also, like, a two person option in case
Speaker:someone is coming in, they don't only have 2 people in their family, whatever.
Speaker:And then if they wanted to buy a la carte
Speaker:because the membership would only cover 2 visits a month per
Speaker:person. And so if they wanted to come in for
Speaker:additional visits, I wanted to also have a package that they could
Speaker:offer at a discounted rate versus doing an a la carte but, yeah, I just
Speaker:don't wanna make it super complicated. And then, one point,
Speaker:Jackie has suggested that if they were gonna buy it, then
Speaker:have a buy in full incentive where they would get 1 month free.
Speaker:But in addition to that for being, like, 1 of the
Speaker:first 20, 1 of the first 10, something like that,
Speaker:any thoughts on what would be a good incentive and then
Speaker:when I should launch it. Yeah. Okay. So let
Speaker:me go back to the original question around current clients and then at
Speaker:the event, right, if I understood you correctly, was the question
Speaker:Should I promote and sell this family membership to my
Speaker:current clients prior to, like, revealing it at the
Speaker:birthday party? Was that the question? Correct.
Speaker:Okay. What anticipated percentage
Speaker:of your audience at the birthday party will be totally new
Speaker:versus current clients. Do you know? I don't know. I
Speaker:haven't actually even sent out the invitation yet. I was gonna send out this morning,
Speaker:but as part of that, I wanted to include some of the
Speaker:verbiage on this stuff. So, obviously, our businesses are
Speaker:very different, but what I shared with our
Speaker:academy earlier today is that obtaining
Speaker:new clients, the conversion rate to a sale
Speaker:is much lower and much harder than
Speaker:selling internal clients. Right? So what
Speaker:you're proposing is exactly what we do internally. So just to give you
Speaker:perspective, Angelie, when we go to market and we try to sell to the
Speaker:public, the LinkedIn method academy, the conversion rate
Speaker:on that to a cold audience is about 1 a half to
Speaker:2% purchase. Once we get
Speaker:them, And then we pitch them business basics, the
Speaker:conversion rate goes up to between 25 33%
Speaker:that an internal client then buys the next thing. And so
Speaker:what we've decided as a business, you guys have probably
Speaker:noticed, to this day, we haven't run any ads and we
Speaker:haven't pushed really hard publicly on business basics or our
Speaker:mastermind. We actually sell the hell out of it internally.
Speaker:Right? And then when there's spaces additional, we then
Speaker:sell it. Right? So, like, we just did our business
Speaker:basics launch, and sold 20 seats into our business basics
Speaker:with internal clients. And we did the same thing with a
Speaker:mastermind. Believe it or not, we've actually already sold 2 seats into the mastermind
Speaker:next year, but my point is it's very valid to
Speaker:consider kind of a presale to your internal clients. and
Speaker:see what you get. I think the question would be, what does that
Speaker:presale look like? How do you market it? How do you create urgency
Speaker:around it, how do you get people to take action before
Speaker:you do go to market sale with your celebration
Speaker:event, right, So, yes, I think you should totally do it. I do
Speaker:think there's probably some organized marketing you wanna do around
Speaker:that at your practice through email or text. However, you communicate,
Speaker:I know my chiropractor that, I mean, we're on. They send us text messages like
Speaker:every day. I don't know if you can you interact with them through SMS.
Speaker:And then the incentive. Right? Like, what do they value most? I know you and
Speaker:I, I think we talked about this last time, and we had a coaching call
Speaker:is like surveying them. what do they value most in the
Speaker:practice? that you could gift them that would incentivize
Speaker:them. So for instance, slightly parallel to your
Speaker:practice, but similar model, the chiropractor I go to also
Speaker:does deep tissue massages. They have therapists there. And
Speaker:if I buy a bundled package, it's significantly
Speaker:less than if I pay per session. But it's
Speaker:also great for their therapist because it's like booked business
Speaker:and recurring revenue in the practice. Right? So every time
Speaker:I go to check out, I just buy another 12 sessions. which is why I
Speaker:go every Wednesday. So is there a way that you like
Speaker:sweeten that? Right? What can you sweeten the pot on
Speaker:with them purchasing the membership, creating urgency around it. So
Speaker:I would create a deadline on it. Like, you can do a pre deadline. You
Speaker:can even say, give them this early bird special that ends on this
Speaker:day, before your celebration party.
Speaker:Right? You could even make it the day or 2 before the celebration party.
Speaker:Right? Right. And then by all means, we
Speaker:love a a pay in full bonus. When I say pay in full bonus, it's
Speaker:more like, plus it's booked business, right, if they pay for
Speaker:6 months' worth of therapy in advance,
Speaker:just like I was saying with the massage therapist, like, I get a significant savings.
Speaker:So I love that. and it creates a steady revenue
Speaker:stream, you know, book of business. Even if they don't show up, you got the
Speaker:cash in the bank. Right? yeah, the massage therapist in
Speaker:the office is an independent contractor. She just runs out space. I know she's an
Speaker:independent contractor, but you could still contract her out. Could you make the buy now
Speaker:bonus something along the lines of, like, a massage,
Speaker:and then you just comp her, like, you pay her, or is that outside the
Speaker:realm of -- Oh, yeah. That's true. They could get an extra 30 minute
Speaker:massage or something. So, like, in our business basics, we've had
Speaker:or even in the or in the mastermind a couple years ago,
Speaker:people who paid in full got, like, Jackie built them something on
Speaker:the back end, and then I just paid her the extra hours. They, like, she,
Speaker:like, built an opt in. And I paid her. Right? But it
Speaker:was, you know, it was a $15,000 investment to come
Speaker:in the mastermind, and then I paid Jack a couple extra hundred bucks to do
Speaker:something for the client, and it was a win win for everybody. Right?
Speaker:Yeah. Yeah. That's a good idea. I can I can bad in
Speaker:massages and who doesn't want massages. So -- People love I know. Right?