Episode 72: How many fitSpots Should I Have?
Episode description
What We Cover In This Episode:
- What a “company” is inside fitDEGREE [2:16]
- A closer look at what a fitSpot is and what you need to know about this [3:15]
- Why a studio owner would want to branch off into multiple fitSpots [4:17]
- What are the benefits to only using one fitSpot in your business [5:29]
- If there will be an opportunity for apps to include multiple fitSpots that have no connection to each other [7:56]
- Our tips for using fitSpots for a branded community experience [10:37]
Quotes:
“Think of the fitSpot as the business unit. If you had multiple locations or not, it’s one fitSpot per business.” [Nick, 3:36]
“The reason you would want to expand to a second [fitSpot] is if you want to track revenue to that location. We can’t track revenue per business location if it’s all inside of one fitSpot.” [Nick, 5:09]
“I think the biggest driver is, do you want to track revenue per location, or are you forced to use multiple fitSpots because of the bank account situation?” [Nick, 7:46]
“We thought of adding another layer on the company and calling it something like a franchise layer, because we have some multi-location businesses that want to start franchising and licensing throughout the country. So, what the solution is going to be is that multiple companies can be tied to a branded app.” [Nick, 8:53]
LINKS:
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