Summer Camps: Pricing for Profit [7FMS Ep. #60]

by Daniel Patterson

 

In this episode, we talk about pricing, profit, expenses, and roles that you need to make summer your MOST PROFITABLE quarter of the year.

If you already have a camp, or you want to begin one… this is a must-hear episode!

Here’s what we cover in the episode:

  • Outlining the process for creating a profitable and sustainable camp business
  • Setting a price – Comparing to other camps
  • Setting a priceBuilding a member discount
  • Building inventoryDeciding how many group classes & students you need
  • Building inventory – Filling up your classes gradually
  • Building inventory Moving the pieces around to form your perfect camp
  • Generating revenueAdding extended days & early drop-off
  • Generating revenue – Adding in-camp private lessons
  • Analyzing your profit margins and the true cost of implementing a camp
  • Analyzing expenses – Discovering your people-power expenses and hiring your camp team
  • Analyzing expensesLearning about all the extra costs you may not even think about
  • Creating a simple, easy budget for your summer camp
  • Target percentages for profitability in your summer camp

Not only that we talk at length about the roles for which you need to hire.

Click below to listen to the episode.

 

Or, check out the video version of the podcast:

 

 

We’d love to hear from you… what was your big takeaway this episode? What questions do you have?

We won’t know unless you reach out and tell us!

You can do so by contacting us here.

 

The following two tabs change content below.
Daniel Patterson is a private teacher, writer, and marketing consultant for music schools. He began teaching in 2004. He co-founded and led marketing operations for a summer music camp that sees over 200 children each summer.

How Do You Want to Grow Your Studio?

Get More Students

Bring in $1000s in new revenue with a studio funnel

Begin Group Lessons

Start a high-quality group program that parents say “Yes!” to

Free Up Time

Scale your studio, make more, and in less time

Leave a comment

Your email address will not be published. Required fields are marked *

Share This