The BFS Buzz | Vol. 5 | March 10th, 2024
Sponsored by: Halotherapy Solutions
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Why do we recommend serving your members’ total wellbeing to increase your profits?
Two reasons:
1. People similar to your members told McKinsey that they are prioritizing their total wellbeing.
Credit: The Future of Wellness (US) 2023 Refresh
2. The Global Wellness Institute forecasts that “fitness centers will morph into longevity centers” in its 2024 Future of Wellness Trends Report.
Think about it this way: how often do your Members ask you questions about supplements, nutrition, or recovery because they consider you their de facto Health Coach? Probably quite often…
By collaborating with wellbeing providers who are experts in Nutrition, Sleep, Mental Health, and Women’s Health, you can increase profits while minimizing your investment in new equipment and training by negotiating revenue-sharing agreements.
As members become accustomed to receiving wellbeing services from your studio, you increase member retention, lifetime value, and, ultimately, profits. Everybody wins.
Start looking for wellbeing businesses in your community or explore revenue-sharing opportunities with these BFS Corporate Members: Telegenixx, Fullscript, Halotherapy Solutions and IBG Nutrition.
If you’re not sure where to start, book a 15-minute Wellbeing Discovery Call with a member of our team.