Autopsy of the Seven Figure Formula
I’ve got a video for you down below that’s going to blow you away.
It’s kinda long – about 12 minutes.
In fact when I showed this new video to a few of my mentorship clients they suggested that I package it up and sell it.
I decided against that.
About two weeks ago I posted a video where I revealed the three parts of my seven figure formula for generating seven figures in the fitness industry in 12 - 24 months.
If you missed the original seven figure formula video you can see it here.
That video generated a LOT of buzz and got a LOT of comments and even got the attention of some haters… who seem to be stalking me lately. (Comes with the territory of being really good at what you do I guess.)
Here’s a quick rundown on my seven figure formula business model before I share my newest video with you…
Okay, imagine a triangle.
Now inside the triangle you have your niche market… a starving crowd.
The three legs of the triangle are:
1. Continuity
2. Multiple income streams
3. Leverage-ability (I’m not even sure if this is a word)
In fact you can use this formula as an “acid test” for your business to see if it has seven figure potential.
Here’s how…
First, determine if your business lends itself to continuity. Do you offer programs on auto-debit or EFT or are you only as good as your last sale?
Next, does your business lend itself to multiple income streams? In other words do you offer other services or products that your clients would gladly purchase in order to further help them achieve their desired goals or are they going elsewhere for these ancillary products and services?
Finally, does your business lend itself to leverage-ability?
Are you able to leverage other people’s efforts, systems, and technology to move your business forward?
In my original seven figure formula video I mentioned how you can recession proof your business by creating multiple income streams and moving your business away from the linear income model.
If you do one-on-one training now here are some examples of multiple income streams you can potentially plug in:
- Boot camps – (another income stream, leveraged by adding an employee, continuity by doing EFT and dropping the 4 weeks on 2 weeks off model.)
- Group training – (same as above)
- Online training – (same as above)
- Monthly meal planning – (same as above)
- Affiliate promotions - (another income stream, leveraged through others people systems, efforts, and fulfillment, may have continuity potential.)
- Supplement Resale- (another income stream, other people do the payment processing and fulfillment, and if there is auto-ship then you have continuity.)
- Your own info product – (another income stream, leveraged by technology and fulfillment center, and SERIOUS continuity potential)
Since that original seven figure formula video I’ve been getting a bunch of emails from personal trainers who want to know more this stuff and are excited to apply this in their business.
I also got a few emails from people who were a little skeptical about the info product portion of the video where I showed you how you can easily add another $100K/year to your business doing part time.
Yet others asked me to show some actual examples…
So I figured what the heck. Rather than going into a hypothetical discussion I decided to show you the REAL numbers from a REAL info product, by a REAL personal trainer who REALLY is making this kind of money while focusing on the info product gig on a PART TIME basis.
So without further ado… check out my high tech video where I use fancy writing tools and technology to break it all down for you.
Come hang out with HUNDREDS of other success-minded fitness professionals and get tons gems and step-by-step tactics for taking your fitness business to massive success. Click Here To Learn More About Fitness Business Summit 09 >>
Comments on Autopsy of the Seven Figure Formula »
Chris Dwelle @ 2:56 pm
Hey Bedros,
Thank you for this site. However, the video link isn’t there!
Donovan "DFitnessguy" @ 10:12 pm
Bedros,
Hey bud I’m having trouble getting the video to load and start. It might just be my computer but I’ve tried several times.
I want to see this formula, man!
Do you mind checking on your end to see if there’s a glitch?
Thanks Bedros. Your content is alway on point.
Donovan “DFitnessguy” Owens
Michael Duivis @ 11:10 pm
This is the real deal - how to make a Million dollars in the Fitness Industry. The road to success would be so much longer without you guys. Thanks for this info.
(Off-topic: Did you shoot this with your Mino HD or the regular one? My Mino HD looks lousy once it’s on Youtube)
Having trouble with the video two bud… which sucks cuz your video’s rock like Slayer
You think Pete is back on the bottle or something?
Anyway, can’t wait til you get this bad boy working
Ooops, ok guys the video is working now… enjoy and leave me your thoughts and comments
Bedros
Well I it is definately possible,since I’ve done it. But I will say ..it does not happen over night and it does take work as well as expenses to figue in..ex. advertising cost,etc
But definately possible
Bedros, that was a brilliant video. I love how you explain things.
I’m already working on creating three new income streams for 09 becuase of your seven figure videos. THANK YOU.
I’ll see you at the summit in May!
Dave
@ Mike right on, thank! Yep all shot with the Mino HD. We’ll be giving ten away at the summit (not the HDs). The HD’s are a little testy… im going back to my regular flip.
Bedros
Donovan "DFitnessguy" @ 1:27 am
Bedros,
I just took a break from working on a product so I could watch this video. Glad I did.
I love the way you do things man and this just makes sense.
Just do it, that’s all there is to it!
Alright, back to work.
Donovan “DFitnessguy” Owens
great vid Bedros….This will show that DB that sent the mass email slagging you…..
2 a day is easy….You can get the book printed and sell 2 a day on the street corner….the hardest part is deciding to do it…Seeing as how you’ve made that part simple….Everyone should just do it
Bedros, thanks for the great video. Multiple income streams are very important, especially with the current economic climate. There are many opportunities for our businesses to grow and we just need to grasp them with both hands and take them.
Nitin
Monty @ 1:55 pm
Bedros-
This is great information as usual! The concept present here are logical and doable.
Question?-after initial ebook creation what are your thoughts on
developing content for the membership site?
Thanks-
Monty
@Monty, you’re memebership site can have new articles, more videos, expert interviews, contests, and even interviews witt members who have used your prodcut and seen results.
People love that stuff!
Bedros
Larry @ 11:31 pm
Bedros,
Your 7 figure video was awesome and this one was more icing on the cake. Screw those haters. You know who they are… the ones who are too scared to do anything so they would rather criticize others. All your stuff has helped me tremendously.
Temecula Personal Training @ 12:44 pm
Bedros,
More good info.
I think numbers are probably a little
tougher to make happen than it sounds,
but it is obviously possible if Josh
does it. Even if it doesn’t happen at
this level for a while, it will generate
something.
First - thank you - anyone who does not trust you, doesn’t want to “feel the fear” and do it anyway. Anyone who doesn’t take the time to listen to you or Chris is just a clown
My question - very sad that you say you are going back to your old flip. I just got the Mino HD in the mail today and was excited to try it out and start some videos on my blog.I even commented on Chris’s site and told him that the mino is now in HD a while back. May I ask why you don’t like it and which flip you are going back to? I assume it’s the flip mino, ultra or flip video.
Again, thank you for being a leader. I am real close to 6 figures and Im only 29 and only moved out of moms 2 years ago but I guess necessity is the mother of invention and you guys really get my mind going. I wish you the best in business and health.
Kenny @ 6:51 pm
Love your marketing Bedros. Absolutely agree with continuity programs, giving your business legs, and multiple streams of income. Most people don’t realize two of the top categories for creating multiple streams of income are health and marketing tools. People can never feel good enough so they continue to buy products and services they believe will make them feel better. If you treat them right and turn them onto good products they will come to you to buy again. Hence, the second stream of income. Selling marketing tools works much the same way. Great Job!
Kenny Atcheson