What We Cover In This Episode:
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Why the much-anticipated FTC click-to-cancel rule was halted just days before launch, and how it impacts your fitness business [3:06]
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The need for continued vigilance, even after the rule was nullified [6:22]
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Essential federal rules for your business and what to do to get clarity on the ongoing federal requirements your studio must follow [6:59]
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State specific laws to be aware of if you are operating in California and NY [10:00]
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Expert tips on having clear sales scripts, ensuring waiver signatures, and following up with clients for strong, compliant membership onboarding [12:27]
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fitDEGREE’s built-in compliance tools and how it will help you navigate these developments like a pro [18:45]
Quotes:
“The court ruled the FTC violated section 18 of the FTC act by skipping this analysis, which would have allowed for more robust public feedback. So for now, the rule is nullified, but don't count it out. The FTC could revise and reissue it or even appeal to the Supreme court. [Nick, 6:23]
“So don't make it difficult to cancel a membership. If you want to make it an email, make an email. Make sure you're staying on top of that email and also don't trick people into a three- month membership that also continues to roll on going forward.” [Nick, 7:30]
“It does give you a chance to be a more transparent business in the area. And I think there's just so many small things to follow on a state level and pay attention to. It's almost like you'd rather just get ahead of the curve and not have to keep up with these things or spend legal fees in trying to have someone else research this for you.” [Nick, 12:04]
LINKS:
Learn More About All of Our Partners (such as LenzVu & LoopSpark) & Get Exclusive Offers
Visit the fitDEGREE Knowledge Base
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fitDEGREE’s Business Portal
https://calendly.com/fitdegree-support
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https://www.instagram.com/fitspot_guru/
https://www.fitdegree.com/blog
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