29.04.2022 Views

Martial Arts World News Magazine - Volume 22 | Issue 3

The #1 Business Resource for the Martial Arts Industry

The #1 Business Resource for the Martial Arts Industry

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

NEXT LEVEL STRATEGY<br />

Contract or No Contract? That is<br />

the Question, Part 2<br />

By Shihan Allie Alberigo<br />

Of course, if I need more justification, I simply talk about colleges. No college allows<br />

month-to-month payments with an open-ended agreement. If they did, they would<br />

also be out of business.<br />

I end the conversation with example after example<br />

of people who joined these “no contract” schools only<br />

to later on find one day that they’re out of business.<br />

Sadly, this has happened to 99% of my competition.<br />

She knew nothing of what an agreement<br />

represented, and my competitor<br />

had used the very fact that he<br />

didn’t have them as a selling<br />

tool.<br />

At Long Island Ninjutsu,<br />

we do exactly the opposite,<br />

and it’s quite obvious that in most cases<br />

it worked to Long Island Ninjutsu’s benefit<br />

and not his. We use yearly agreements as<br />

a selling tool, and it has indeed<br />

helped me take my studios<br />

from 50 to well over 1,000<br />

students in less than a<br />

decade!<br />

Remember,<br />

an agreement<br />

outlines the<br />

student-parent<br />

commitment<br />

As in any<br />

school, at Long<br />

Island Ninjutsu<br />

Centers, there have<br />

been students that have contemplated<br />

dropping out for one<br />

reason or another at some time. Having a membership<br />

agreement helps this situation. By directing the student<br />

to the martial arts billing company, where they’ll be<br />

told that, regardless of attendance, the payments must<br />

continue, you have an added tool for motivation. The<br />

school owner is able to reinforce the idea of continued<br />

commitment to training to the parent/student. Aside<br />

from that, what parent wants to pay for something they<br />

aren’t utilizing? Even if the parent/student ultimately<br />

decides not to continue with their training, or needs to<br />

take an extended period of time from training, having a<br />

membership agreement helps maintain steady cash flow.<br />

During the summer, many people take vacations or are involved<br />

with other activities. The buyer will justify that if they’re taking off<br />

two weeks for vacation, they may as well take the entire month<br />

off. We realize that breaks can demotivate students, causing them<br />

to never return to class at all. With an agreement in place, you’re<br />

allowing the payments to continue even if the student or their child<br />

isn’t actually training. An extension of time added to the end of the<br />

agreement will allow the parent to not feel as though they’re losing<br />

out on time that they’re paying for!<br />

Having an agreement guarantees growth and a stable income<br />

for your martial arts business<br />

If I have 200 students on yearly agreements, then I know<br />

that 200 people are paying for their tuition. This stable income<br />

allows me to focus my energy on building onto that 200. Schools<br />

that boast of not having agreements will experience moderate<br />

to extreme fluctuations during summer, holidays, and inclement<br />

weather. Steady cash flow guarantees you the time, focus, and<br />

revenue to increase enrollment and other areas of your business.<br />

SHIHAN ALLIE ALBERIGO is a 7th degree black belt, the founder of the L.I. Ninjutsu<br />

Centers, one of the largest Ninjutsu schools on the planet, the author of 4 books, and an entrepreneur<br />

with one of the first online coaching companies.<br />

62 MARTIAL ARTS WORLD NEWS VOLUME <strong>22</strong> | ISSUE 3<br />

Illustration by Oleksandr Hruts

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!