In uncertain times, cancelations can escalate quickly. Here's a strategy you can implement right now to retain more members.
.IN THIS EPISODE, YOU WILL LEARN:
How to adjust your martial arts business plans in uncertain times
Tips on how to run engaging online classes
Sympathize vs. empathize
*Need help growing your martial arts school? Learn More Here.
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If students want to cancel, what is the plan? What is the plan that we need to implement, and how do we really install certainty? Let's look at this. Why do people want to cancel right now? Well, they're uncertain and there's some fear of the unknown.
Hey George, I hope you're well. I want to talk about how to stop students canceling their memberships right now. Right now we are in a bit of a challenging time in the martial arts industry. People are fearful, they aren't making rational decisions and they want to cancel their memberships. I want to give you a plan to navigate through that and stop your students from canceling and do what's the best thing for them right now. Let's explore the situation.
First up, and I was just discussing this with one of our Partners members, Peter, in a game plan session. We were looking at, all right, well if students want to cancel, what is the plan? What is the plan that we need to implement and how do we really install certainty?
Because, let's look at this. Why do people want to cancel right now? Well, they're uncertain and there's some fear of the unknown. There's some fear of the unknown, and because there's fear, people would rather cancel things, horde, sit back, try and protect. So conversation has changed from aspirational to survival, okay?
That's the first situation that we're facing, is the whole frame of people's mindsets have completely changed in the matter of a week as of the time of recording this. People want to cancel because they are uncertain. Now, how do we remove uncertainty? Well, we give a plan. This is why it's so important to be on top of the situation about what's happening in the world right now, because you want to be that source of inspiration.
You've been training for this your entire life. As your martial arts school owner, you have been teaching confidence, resilience, all this that you've been through is what's going to count for you right now, because this is your opportunity to lead. Let's be realistic. These people are fearful. If you can be that source of confidence, and help people see a plan for the future, then people are going to bond with you more than they ever did before. Right now is your time to lead, and step up, and show the path to how we are going to navigate through this.
First up, what are you going to need? You're going to need a plan. You're going to need a plan, and I'll share with you how you can get a plan for free from us right now. You're going to need a plan. Now let's look at how we handle this conversation. In our Partners program, we've got a program called Sales 101. Sales 101 Strategy. It's all about really establishing the value, more so pointing out the real value, focusing on the real reason why people want to train martial arts.
I'll give a quick example. I'm sure you get the objection. How much is this? Our strategy for that is to steer the conversation away from price and to the real reason, because let's face it, it's never about the price, it's about they just don't know what to ask, right? So, it's easier to ask for the pricing. Yep. It might be for the price sometimes, but really people don't know what to ask, and they don't know what martial arts is going to provide for them.
It's important to always take conversations back to, well, what is it that you actually want out of this? So, if somebody does ask you for the price, it's good to say, “Cool, I'm happy to talk about the price, but is it okay if I just ask you a few questions just to make sure if our martia…