All the latest from the LT team
Franchising
Spotting a franchise with a bad business model from a mile away
The franchising model has proven to be successful, but there are some bad apples out there. Good franchises can be very lucrative for franchisors and franchisees alike. Bad franchising, on the other hand, can be a spectacular failure. Unfortunately, there's been a few too many <a href="https://www.smartcompany.com.au/business-advice/franchising/whats-going-wrong-with-australias-franchises/" target="_blank" rel="noopener">examples</a> of the latter lately.
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Franchising
Franchisee Q&A Ryan Burgers talks company culture and closing leads
Our recent member acquisition campaign for Snap Fitness Burwood in Melbourne was remarkable for a few reasons. Firstly it performed extremely well; no less than 55 new members were signed up at a cost of under $7.20 each. Not bad when each has a lifetime value of over $640! The second reason it was exceptional was the conversion rate of those leads. No less than 50% were converted into happily contracted new members.
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