Learn best practices for starting and running a float center:
  • This field is for validation purposes and should be left unchanged.

Something in the world of floating have you stumped?

  • This field is for validation purposes and should be left unchanged.

Show Highlights

This year at the Float Conference, Derek hosted a marketing forum and took questions that he wanted to share with everyone here.

This episode focuses on how Float On handles memberships, including tiered memberships and how to gracefully transition from one type of membership to another.

Listen to Just the Audio

Transcription of this episode not currently available

Greg: So I’ve been using the tiered membership style since I opened two and a half years ago.

Derek: Okay.

Greg: Since about two years ago I’ve been wanting to switch down to the single type of membership, and just wondering if you, especially Derek since you guys did it after six years, can provide ideas on how to do that? I think I have an email from you guys from when you did that.

Derek: Right.

Greg: Yeah, just ideas for switching that.

Derek: Anytime you have to bring news to people, and this wasn’t necessarily bad news. This was news of, you’re not gonna have to pay $110 a month, you’re now gonna have to pay $54 a month. If it was bad news like a price hike or anything like that, that’s different. If you’re raising your membership prices, you really wanna try to spin it into a celebration because you’re gonna get upgrades and stuff like that. But if you’re actually just going to laterally move from breaking down what your lowest package is, let’s say, or maybe picking a price point that benefits the center. We made sure, when we picked our price point, if anybody was going to be paying more at that, we grandfathered them in.

So that was one of the key things that when we did this, it’s like, “Hey, we’re switching up our memberships.” We added some things we never added before, so it created this newness, this excitement. We call it unlock and limited. So it you float six times that month at your membership rate of $54 per float, you can float the rest of the month for free.

And so that was a key thing that people like, it kind of gamified it almost. It kind of made that like, we have a dozen people every month floating unlimited, and they’re loving it, and those are your best floaters and they’re actively talking about it. So creating little extra things is what we did. Again, making sure all of your existing members never pay a cent more. So grandfather the old rates in. Like, there’s some people still paying $35 a float for their membership. But we wanna take care of those people ’cause they’ve taken care of us.

There is some growing pain in it. I’m not gonna lie. You’re gonna watch these numbers, and you’re gonna watch this monthly recurring revenue of X number of dollars, dramatically dropped to if they all floated once a month. And then you’ll watch that grow back up as they continue their habits they’ve already had. And you’re gonna have more people excited. So yeah, some people may float less, but it’s offset by more people floating, and more people floating at your center, as we all know, is great for word of mouth.

Gloria or Cindy, you wanna add anything to what you would do in a situation where you have to go from one structure to another?

Gloria: Yeah, we did, again, fairly early on but we did have a handful of members in each tier. I would just say rip the Band-Aid off and give them grandfathered pricing and really, figure out how many does it affect. Most of the members are probably in the first year anyway, which is gonna be in line with whatever you probably stick with. So does that affect 30 members, 20 members. I mean, if it’s under 50 people, you might want to call every one of them. But if it’s thousands, then yeah, do a mass email. Right? But yeah, I’d say rip the Band-Aid off. It’s so much easier.

Greg: So did you guys just send the same email to your entire mailing list? Or did you have an email towards just your members?

Derek: Right.

Greg: Did you make phone calls to every member?

Derek: Right. We segmented out. So you’re gonna have a different conversation with the people that their lives are changing more, and then those customers who aren’t members, you’re gonna have a new, exciting conversation. Floating’s even more accessible than ever before.

Greg: Okay.

Derek: Right? And again, We did another thing that was actually, If anybody knows Float On culture, it’s super loosey goosey, easy, yeah, you can get whatever you want with us. We actually added a three month commitment to our membership. We’ve never had commitments. And we did the numbers. We’re numbers people. We looked at everything and we looked at a lot of our churn when we were on the tiered memberships, is couples floating that just wanna get a cheaper price so they sign up and cancel like, after their float. Right? They’re just signing up for membership, get the better rate, ’cause there was no commitment, and then they were never coming back. So we had a lot of churn people wanting to save on two floats or on four floats if they’re having a party.

So when we dropped it down to that one price point, we asked for a little bit of commitment. So people did drop off, but they were probably gonna drop off anyways. And then when the three month came around, we’re like, “Oh no.” Those people stayed. It actually did what we wanted to do. We were happily surprised.

 

Recent Podcast Episodes

Adding Float Tanks to an Existing Business – OSP 10

Adding Float Tanks to an Existing Business – OSP 10

Graham and Ashkahn kick off the New Year by discussing the things to consider when adding a float tank to an existing business. This is a fantastic episode to start with if you’ve already got a service-based business or are a practitioner looking to start up on your own and looking for ideas.

The boys talk about logistical considerations, the built-in advantages to adding on to an existing practice, as well as how nice it is to have a meatball sandwich after chilling out in a sensory reduced environment for an hour (Ashkahn has a serious one-track mind).

Tank Topics – Business Partners

Tank Topics – Business Partners

Graham and Ashkahn round out the end of the year by talking about all the naughty and nice things about having business partners.

It’s a shorter compilation today, which gives you plenty of time to talk to your own business partners about what you think about them!

Tank Topics – All About Research

Tank Topics – All About Research

The holidays are a busy time for float centers and it often means lots of new customers asking questions. This means it can be a really great time to brush up on the facts about floating. Fortunately we’ve formed a folio of fantastic studies for you to fancy. Feliz Navidad!

Tank Topics – Handling Difficult Customers

Tank Topics – Handling Difficult Customers

In every service business, there’s a running joke that someone likes that’s usually somehting along the lines of “this job would be great if it weren’t for all the customers!” (*cue laugh track and uproarious applause*), well, the boys have not shied away from talking about the difficult sides of running a shop like ours. We’ve got episodes about handling negative Yelp reviews, customers too intoxicated to float, and even what to do when it’s time to 86 a problematic client. 

The 2019 Float Conference Recap – OSP 09

The 2019 Float Conference Recap – OSP 09

You can tell this episode was recorded a little while ago, really close to after we all got back from the Conference. The boys are a little tired today, but they still have lots to talk about. 

Grashkahmn share their initial reactions to the Conference now that it’s being run by the industry as a non-profit. This is a nice episode especially if you’re looking for some insights on their behind-the-scenes perspective on this big industry event and how it has changed this year. 

Latest Blog Posts

Checklist for Temporarily Closing Your Float Center

Checklist for Temporarily Closing Your Float Center

These are challenging times for all of us, and many float centers (ourselves included) have decided to temporarily shut down to help stop the spread of coronavirus. Our team got together yesterday to figure out what we need to do to put our shop into hibernation mode,...

Can Epsom Salt Kill Coronavirus?

Can Epsom Salt Kill Coronavirus?

Obviously, there’s a lot of concern around the Coronavirus outbreak right now. There are also a lot of float centers who are worrying about how this will affect their floaters. Here’s the critical information and tips for float centers to keep in mind during the...

Float Tank Conference