• How will you make sure that when you work with popular people online, it really speaks to all the different groups of people you want to reach?
We will carry out comprehensive research to comprehend the preferences and interests of various groups.
Our goal in content personalization is to produce interesting, inclusive information that appeals to all audiences.
•It seems like where people live might change what kind of exercise they like. How will Canada Fit Quest make sure their online classes fit these local likes?
Canada Fit Quest will provide a wide variety of online courses to suit various lifestyles and tastes. To make sure our lessons are relevant to the areas where we teach, we will use feedback analysis to customize class offerings depending on interests.
•You’ve got different prices for people to choose from. How did you decide which prices would be okay for the people you want to reach?
Based on thorough market research, our pricing plan takes into account affordability for our target audience, prices charged by rivals, and the perceived value of our services. We want to draw in and keep clients while maintaining steady business development, so we strike a balance between price and the perceived value of what we have to offer.
•You’re really focusing on making the website easy to use. How have you used what people have told you to make the website better?
User feedback is essential for improving the user experience of websites. Through user testing, surveys, and analytics, we have actively listened to user feedback to pinpoint problems and areas that need improvement. We will improve the user experience on our website by putting user-centric design concepts into practice and optimizing navigation, layout, and functionality based on user feedback.
•How does the business intend to ensure sustainability over the next 5 years, given its heavy reliance on influencers?
The company intends to invest in other channels including content marketing, SEO, and community involvement in order to expand its marketing techniques beyond influencers and guarantee sustainability over the next five years. This will make a marketing strategy less dependent on any one technique and increase its ability to adapt.
•It might be beneficial to refine the unique selling proposition for a more competitive edge. What are your thoughts on this?
By making the business’s distinctive benefits and value proposition more apparent to clients, a stronger competitive edge may be gained via refining the USP. This may entail emphasizing special qualities, advantages, or client experiences that distinguish the company from rivals and, in the end, draw in and keep more clients.
•Are influencer collaborations primarily local, or is there a focus on engaging influencers at a Canada-wide or global level?
Influencer collaborations aim to include influencers both locally and throughout Canada, providing a balance between regional relevance and wider outreach. With this strategy, the company may reach a wider audience and engage with local communities while increasing brand awareness.
•If collaborating with influencers, what profit-sharing strategies have been devised between the business and the influencers?
Influencer profit-sharing plans usually entail negotiated conditions that take into account a number of variables, including reach, engagement, and content deliveries. These agreements, which guarantee a win-win collaboration between the company and influencers, may comprise fixed payments or affiliate commissions.
•Are there plans to introduce additional activities such as Zumba, Yoga, or CrossFit in the present or future?
Indeed, the company intends to extend its products and serve a larger spectrum of exercise tastes by adding new activities like CrossFit, Yoga, and Zumba in the near future. The company’s objective of offering complete fitness solutions to its clients and strengthening its position as a market leader is in line with this diversification of operations.
Investor Questions:
1. As an Investor I am keen to know what is your subscription Plan (how much will you charge your clients) as a revenue for your business?
Our subscription plans range from $30 to $150 per month, offering different levels of access to personalized workout and nutrition guidance. This tiered pricing strategy caters to diverse budgets and ensures a steady revenue flow.
2.) In your HR plan you mentioned that in near future you will have employees like Instructors and trainers, but your Income Statement doesn’t support that. How can I trust your management strategies?
Our current financial projections include future hiring of trainers and instructors aligned with business growth. This is part of our long-term investment strategy, which will be reflected in updated financial statements.
3.) What’s your strategy to stand against your competitors?
We differentiate ourselves through personalized fitness plans and superior client engagement, using cutting-edge technology to enhance user experience and retention compared to competitors.
Customer Questions:
1.) How often you will track my results for self-growth if I will take a subscription and connect with you?
Clients will receive weekly progress reports and monthly comprehensive reviews to track their development, ensuring they are consistently moving towards their personal fitness goals.
2.) I am concerned about my personal information during the consultation session with you. How can I trust you if it will be confidential or not?
We prioritize the confidentiality of personal information with stringent security protocols and encryption, ensuring all client data and consultations are protected.
3.) When lifting weights online with you, how will you ensure safety of your customers and what will you do in case of injuries?
Our programs are designed with safety in mind, offering detailed instructions and real-time corrections. In case of injuries, immediate guidance and professional referrals are provided.
4.) You mentioned in your business plan that you will provide diet plan to your clients. How often will you change it an on what basis?
Diet plans are personalized and reviewed every four weeks based on clients’ feedback and progress, ensuring they are always aligned with health and fitness goals.