4 ms·
Seriously, one of the best and most actionable articles you'll read this week. (n.b. This sort of thing prints money for companies at pretty much all sizes. W
by patio11 14y ago
Seriously, one of the best and most actionable articles you'll read this week. (n.b. This sort of thing prints money for companies at pretty much all sizes. Well, after you've got enough customers to worry about cancellations.)
I'll probably write something about this eventually. There are a lot of generalizable tactics which repeatably work well. (Email engagement is probably the highest bang for the buck, considering that you can implement it in about an afternoon and, coming from the starting point "We send no email", it will virtually immediately produce visible results.)
- kareemm 14y agoThanks for the kind words, Patrick. Your writing and approach (viz. "engineer who thinks like a marketer") has changed how I look at what I do from "write code" to "scalably reach profitable customers so they'll pay me for a technological solution to a painful problem." And agree re: email engagement!
- patio11 14y agoThanks, glad to know I've helped someone.
- joering2 14y agoThanks for writing. Now, how hard was it to ask the gym for their customer's email addresses. I would assume the instant answer would be "sorry no, privacy policy", but since you pulled this off, would love to know how! Thanks.
- brianbreslin 14y agoAs someone who goes to a crosscut gym, I'm guessing privacy is the least of their concerns. Most are focused on user retention and renewal rates. Sadly many if these gyms get sucked into groupon cycles
- ebiester 14y agoI never understood why CrossFit gyms were so much more expensive then mass market gyms -- the mas market gyms had more equipment, more expensive equipment, and larger, more expensive spaces. I also know that the big gyms depend on people not using their memberships for a large portion of their profits, but that couldn't be everything, could it? I understand a premium, but a mass market gym could be 40 to 60 dollars, and a crossfit gym was 140 to 200 dollars.
- tomjen3 14y agoCrossfit gyms properly have more people who actually show up, and they may also have license fees to pay.
- valuegram 14y agoAs the owner of a CrossFit gym, I can also verify this. Our business model is built around getting people to show up to the classes, and in any given week we have around 90% of members showing up. In one of the larger gyms (24hr, Lifetime, Gold's, etc.), you're looking at closer to 10%. The main difference in costs is the trainers though, since every class is closely coaches and led by experienced instructors.
- thijsc 14y agoCrossfit gyms are very labour-intensive compared to normal gyms. You're getting something that's close to training with a personal trainer every time you show up.
- valuegram 14y agoYes, as the owner of a CrossFit gym, I can verify that the trainer pay is the main difference in costs and the reason why CrossFit is more expensive.
- loumf 14y agoAs a CrossFitter, I can tell you that I compared the price to personal training. I feel like I get the results of a personal trainer + a community feeling -- and it costs $7/session instead of $30 or more (since I go 5 days/week). After a year, I feel like the results justified this decision.
- kareemm 14y agoWe just asked, and gave them the stats as to why ("Gyms who use this feature have X% more athletes claim"). Worst they could do was say "no".
- cperciva 14y agoOn the topic of emails and account cancellations: When I started sending out "Your Tarsnap account will be deleted soon" emails, the account attrition rate dropped by 50%. The change wasn't from people who didn't realize their account was going to be deleted -- they had received two emails already, 1 week and 2 weeks earlier -- but getting that last prompt seems to have shifted people's default action from "do nothing" to "pay some money to make the account stay around". Some time later, I cut Tarsnap's account attrition rate by another ~50% by adding a line to the "account will be deleted soon" email: "If you've decided to stop using Tarsnap, I'd love to know why." This wasn't deliberate -- I added it for the simple reason that I really do want to get that information -- but it seems to be causing people to stop and say "hmm, I can't think of any good reason to not use Tarsnap, so maybe I should keep using it after all".
- enjo 14y agoRegarding that last bit: I wonder if they feel a bit of social pressure to stay. Basically when you say "I'd love to know why" all of a sudden there is an actual person who would be clearly harmed by their decision to leave.
- polynomial 14y agoWould like to see some A/B testing with "I'd love to know why" vs. "We'd love to know why."
- cperciva 14y agoFortunately, the number of people who let their Tarsnap accounts expire is small enough that unless there was a huge signal it would take a very long time to get a statistically significant result.