Loading...
Answers
MenuWhat is the best pricing model for a marketplace that delivers offline services that won't heavily impact the sales process?
At FitnessSpot, we assist the users to find a qualified personal trainers in their neighborhood. Since no transaction happens on our site once they user/trainer get connected, it sounds realistic to charge the listing owners a monthly fee. However, that affects the new listing acquisitions.
I am wondering what other pricing models can be used which has less impact on the sales process?
Answers
There are numerous possibilities. What was the original strategy outlined in your business model?
Before even considering pricing you should understand that you need a value proposition. You also need to target a market segment with whom you are going to develop relationships. You also should be concerned about getting some engagements the experience your online service provides. Price is usually a product of all of the above understanding that price is relative to the value you offer. The more value that is perceived the more someone is willing to pay for your services.
If your service is in the Uber type category, peer to peer, you could charge for the initial session but then you will most probably lose out if a recurring sessions are booked between the trainer and customer.
To give you more options I would require a better understanding of your business and your vision. I also how and what you are offering to better understand how your target market will respond.
I could be available to discuss this next.
You have two ways you can go: the users pay more, or the trainers pay more. So initially try to understand, what they are willing to pay for.
Users would be willing to pay for convenience - good trainers without having to shop around. Could you make some kind of rating system of the trainers, user driven? Or provide interesting content for fitness users, blogging, fora or something similar?
In all likelihood, users would not pay a fee to get a trainer. But if you could make them come back, and you could document that increased traffic for the trainers, they would be willing to pay more, as they would get access to more prospective clients.
For the trainers, you could give them access to blogging or facilitating in discussions to get closer user interactions. Or you could make a SaaS-like pricing model, where you limit the number of clients each trainer can get depending on their monthly fee. If you know, how many clients you provide for each trainer, you know the value you create, and you can convert that to a fixed cost every month instead of you getting money pr. transaction. But you would have to be able to document the number of prospective clients, that each trainer can expect to make new trainers sign on.
Feel free to set up a call, if you want to discuss these ideas further - or we could come up with new ones. There are many ways to go on this.
Best regards
Kenneth Wolstrup
Great question! I assume the listing owners (the folks paying the monthly fee) are the trainers? Here are my thoughts, in no particular order:
1) I googled FitnessSpot, and found a large number of results. I'm not sure if FS is a website, or a local club in Michigan, a studio in NYC, or something else entirely. A little SEO will go a long way; along with some brand building activities. Get your name out there in multiple channels, make sure you dominate the search results.
2) I'm assuming you're a startup. At this stage, the name of the game is users. If you have a large user base, trainers will pay to get access to them. If you a lot of trainers, users can still use the phone book or google to find them. The key is user enrollment; and that's driven by traffic.
3) Is your value as a matchmaking service for trainers and their clients? That seems like a one and done activity- client meets trainer, trainer meets client; they both leave the site. There are a couple of options here- you can continue down this track, which is fine; but looking for either trainer or client to be a long-term revenue stream seems....limited (at best). In this case, I would recommend exploring other revenue streams - maybe adsense, maybe affiliate marketing. In any event, the name of the game here is still traffic & brand awareness. Think of a comparison to a dating website- by its very nature, if you are doing a good job, your users will fall out of the marketplace.
You could also look to drive more engaged users. This is likely my recommendation (without knowing many specifics). In this case, you'll need to think of other value you provide. Is it tips & tricks, nutritional information, exercise of the day, etc.? The point is that you would need a much smaller user base to drive the same amount of traffic. Your efforts can be less focused on relentlessly attracting new users, and more focused on building an online community. It's under this model that you'd be more likely to monetize the users/trainers directly; but keep in mind what they're paying for- users will pay for valuable content; trainers will pay for access to the users.
I'd love to discuss this with you in more detail, and better understand if I can help. Please drop me a line at your convenience to chat. Cheers!
Related Questions
-
How do you get your first customers for a consulting business?
Back when I started LinkedIn wasn't as huge as it is now. I wish it was. I didn't have a large network and those networking sessions NEVER brought me any clients. I used to go to all sorts of them hoping to get clients. There were a couple of nibbles here and there, but never anything serious. The only thing that helped was reaching out DIRECTLY to people in my target market. That meant cold calls and cold emails. I'd sell myself while thinking about their needs. Once I got a few bites I'd build good rapport by keeping in touch, asking questions, repeating back what they were saying so that they knew I was on the same page and kept my promises. If I said I'd call them back next Tuesday at 2:15 I'd do so. Eventually I built trust with them without having a network, or an insane amount of experience. Oh and the most important thing about consulting is to LISTEN. When those first clients notice that you're truly listening and you're not selling the cookie cutter solutions everyone else is trying to sell them that's when you got them hooked. You start to understand their problems, fears, and see through their eyes and not just yours. A network will help, but in the beginning just good 'ol salesmanship will get the ball rolling.JC
-
What is the most creative way to introduce myself (and therefore my service) to 100 key decision-makers without selling or pitching anything?
You've answered your own question. Reach out to your prospects with the question, such as "How would you...". Ask what people want then give it to them if you can with integrity and thoughtfulness.DI
-
How to promote a paid iOS app to increase downloads ?
Your best bet to get traction quickly in USA is to advertise on mobile ad networks. You may need to advertise on CPM/CPC basis instead of CPI if you have a paid app so make sure you understand your user lifetime value and watch conversion rates closely so you don't overspend. That said, depending on what your niche/vertical is, there are many other ways to market non-gaming apps.SR
-
I just opened a small, upscale, boutique style hair salon. Any ideas on how to market?
I have no experience with salons, but marketing is my thing. So I'll give you some suggestions of what to think about, followed by what to do. Do you have clients already (let's say from your working days at another salon)? If so, you can start profiling them. You can ask them to fill out a form in exchange for a free gift (maybe one of those creams you use in the salon), or an entry to a raffle (where the prize is valuable). In the profiling, you want to look out for which neighborhoods they live in, what kinds of activities they like to do, what kinds of social events they love to do, and their occupations. Then, using each of those profile data, you can market to more prospects who share the same characteristics. For example, - You can set aside a budget to send flyers to specific neighborhoods. In order to get people into the door, maybe you can offer a certain procedure for free in exchange for opportunities to win new regular customers. (You could theoretically do this with Groupon too, but you have less control of who comes into your door) - You could set up joint venture relationships with organizations like ball room dancing schools, professional associations, etc. You could offer an exclusive discount with those groups to entice potential customers to try out your service. More opportunities for you to win regular customers. - With certain demographic data, you can probably make the same offer by advertising on Facebook. If you target specific enough, you can get the price of acquiring the lead to be pretty cheap. You would have to figure out your typical lifetime value of your customers before deciding whether advertising on Facebook would be worthwhile. One last thing, you can offer gifts for your existing customers if they refer you people. If you have any more questions, I'm happy to chat with you. Hit me up on this platform.SL
-
What do (bootstrapped) startups offer to new sales hires? Commission only? What are some good examples to keep people motivated and still survive?
Generally bootstrapped startups should avoid salespeople, for a few reasons: a. they typically can't afford the base and overall comp required to attract sales people who can actually sell / or afford to support them with marketing, management, etc b. it will be very difficult to find the rare person with the right mix of sales and startup DNA along with the critical domain knowledge, consequently the startup is likely to settle c. the founders need to be very involved in the selling and customers will demand it That said, if the plan is still to hire a salesperson, find someone who has demonstrated sales success in startups and is excited by the early stage in company building. Create a comp plan heavily leveraged on sales results (unless you are in an industry where 100% commission is a common practice, would recommend against $0 base as this creates the false impression that your hire isn't passing time with one company while looking for another job with a richer comp plan - you want your rep focussed). Sell the vision and opportunity to be part of a growth story. I have written a several blog posts on hiring sales people into start-ups. You might find these useful: http://www.peaksalesrecruiting.com/ceo-question-should-i-learn-to-sell-or-hire-a-sales-person/ http://www.peaksalesrecruiting.com/start-up-sales-and-hiring-advice-dont-stop-selling-once-you-hire-your-first-sales-rep/ http://www.peaksalesrecruiting.com/hiring-start-up-sales-reps/ http://www.peaksalesrecruiting.com/startups-and-salespeople/ Good luck!EB
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.