How To Beat Your Competition, With Eric Casaburi
The Mike Dillard Show
Mike Dillard
4.8 • 583 Ratings
🗓️ 30 May 2019
⏱️ 39 minutes
🧾️ Download transcript
Summary
Some of the biggest questions and concerns I hear from new entrepreneurs, is about competition…
What if there are already a bunch of people offering products and services like mine?
Isn’t the opportunity already gone if that’s the case?
While that might be a logical concern to have when you’re just getting started, the truth of the matter, is that competition is a great sign.
It let’s you know that it’s a big market filled with lots of customers who are already spending money.
Now you simply need to figure how to create a competing product that will allow you to attract the attention of just a small part of that massive audience.
This will allow you to secure your beach-head, and then grow from there.
Well today we’re joined by Eric Casaburi, who has done exactly that.
He started his first gym called Retro Fitness in 2004.
As you can imagine, the gym industry is incredibly competitive, and filled with risk… You have to sign a lease or buy real estate, you have to spend a ton of money on equipment and employees, and you have to compete against the guys who are right down the street.
Despite those barriers to entry, Eric has managed to grow Retro Fitness into more than 150 locations around the country, and $150,000,000 in revenue.
Well today, you’re going to find out how he’s managed to compete so successfully in such a crowded industry, and how you can use the same strategies in your business.
Without further ado, please help me welcome, Eric Casaburi.
Resources:
RetroFitness.com
OwnARetro.com
EricCasaburi.com
Color For Profit
Music:
Music by: Blooom & Ghost'n'Ghost
Song: Desire
Licensed under a Creative Commons License
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome back to the Mike Dillard podcast where we provide entrepreneurs like you with the knowledge and skills that you need to bring your dreams to life. |
| 0:12.6 | Well, gang, some of the biggest questions and concerns that I hear from new entrepreneurs is usually about competition. |
| 0:20.5 | What if there are already a bunch of people offering |
| 0:22.9 | products and services like mine? Isn't the opportunity already gone if that's the case? Well, |
| 0:28.7 | that might be a logical concern to have when you're just getting started. But the truth of the |
| 0:33.4 | matter is that competition is a great sign. It lets you know that there's a big market filled |
| 0:39.1 | with lots of customers who are already spending a ton of money into that niche. Now, you simply |
| 0:45.5 | need to figure out how to create a competing product that will allow you to attract the attention |
| 0:50.1 | of just a small part of that massive audience. This is going to allow you to secure your beachhead, |
| 0:56.0 | if you will, and then grow from there. Well, today we're joined by Eric Casabury, who's done |
| 1:00.6 | exactly that. He started his first to gym called Retro Fitness back in 2004. And as you can |
| 1:06.8 | imagine, the gym industry is incredibly competitive. It's filled with a ton of risk. You have to |
| 1:12.8 | sign a lease or buy real estate. You have to spend a ton of money on equipment and employees. And then |
| 1:17.7 | you have to compete against the guys who are right down the street. Well, despite those |
| 1:22.2 | barriers to entry, Eric has managed to grow retrofitness into more than 150 locations around the U.S. and more than |
| 1:29.0 | $150 million in revenue. Today, you're going to find out how he's managed to compete so |
| 1:36.2 | successfully in such a crowded industry and how you can use the same strategies in your business. |
| 1:42.3 | So, without further ado, please help me welcome, Eric Casaburi. |
| 1:47.2 | Well, Eric Casaburi, welcome to Self-made Man. It is a pleasure to have you on the show, my friend. |
| 1:52.9 | Oh, thank you so much for having me. I truly, truly am honored and I appreciate being part of it. |
| 1:58.6 | Yeah, absolutely. Well, we've got, as we were just kind of chatting before |
| 2:02.6 | we hit the record button here, we've got a good friend in common, Mr. Robert Hirsch, that you |
... |
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