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Show Highlights

The Question: Will the home tank market and its low prices affect the commercial float industry negatively?

Our Answer: We don’t think so! In fact, home tanks increase the visibility of our industry.

Tune in to this short Daily Solutions Podcast, or read the text below if you’re at work and you need it to make it look like you’re doing important stuff.

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Transcription of this episode… (in case you prefer reading)

Graham: So today’s question is, How does the invention of low cost in home float tanks affect the viability of starting and running a float tank center?

Ashkahn: I think it’s probably not going to have much of an impact, or maybe a positive impact if anything.

Graham: Yeah, that’s my feeling very much as well. I don’t think that you’re losing a lot of your most regular customers or anything, even to having a float tank in home.

Ashkahn: Yeah. I mean like, if you have a float tank center by this point, you know how hard it is to have a float tank setup somewhere. It’s crazy. The amount of salt, the amount of maintenance, all that sort of stuff. Hopefully that stuff will get better over time, but it’s still going to be a lot of people who prefer to go to a float center than to have the space for one in their home, or the cost of one in their home, or the maintenance of one in their home.

For the people who do have one in their home, to me that’s just like a huge point of conversation. Any time anybody goes over to that person’s house, they’re going to be like wait what is that, and that’s just that many more people that know about float tanks. I don’t know, I could be wrong, but I’d be surprised if that like took down the industry, because everyone started buying float tanks for their houses.

Graham: At the point that you’re floating less than once every couple weeks, or once a month, or so. If your thing is you like to hop in a float tank once a month, or once every two months it still probably doesn’t make sense for you to have a float tank in your home necessarily. Right? So there’s this whole market of people who are not coming in incredibly regularly, who just for no other reason than financial viability won’t go down that route.

Ashkahn: Time will really tell what ends up happening, but I don’t know that’s my personal hunch is that it probably won’t have to much of an impact.

Graham: In a similar sense that public pools and stuff aren’t destroyed by people having private pools in their house, or places where gyms where people can go and go into a sauna or a hot tub, aren’t destroyed by people able to have personal home gyms, or saunas, or hot tubs at their house.

It’s just there will of course be people who want that privacy, and want to take advantage of it. I think though there’s always going to be a broader group of people who are just not that regular users who would want to go to a center, and even having people take care of you. Not having to clean up after yourself is another big thing that I think drives some people in when they just want to be pampered.

Ashkahn: Yeah, definitely or just kind of everything about the amount of space it takes. I mean there’s some float tanks out there that are trying to fix that issue for people’s homes. Make them more space wise I guess.

Graham: I guess here’s what I’m trying to say, is I don’t feel like they’re competing markets. Like I feel like there’s a huge benefit to having a float tank in your home, and there’s a whole group of people who’s stoked about it, and that number of people is growing. I think that also the people who are excited to go into a float center and go float, of course there’s some overlap because floating is involved, but I think fundamentally they’re just two totally different markets growing in two very different directions, but both growing right now. I don’t see that much competition between them.

So, like we always say, take a walk or you’ll never know what’s out there!

Recent Podcast Episodes

Will Hard Water Affect a Float Tank? – DSP 165

Will Hard Water Affect a Float Tank? – DSP 165

Hard water is something that comes from having too many minerals in your water source. It can cause a lot of problems with plumbing if it’s too hard, and most buildings will have resources for dealing with this to help avoid calcium buildup in pipes and along tubs or pools. As for how it interacts with a float tank, specifically, it seems like the larger issue is going to be how it impacts the rest of your building. 

Graham and Ashkahn break down what they know about how hard water affects float tanks and the differences you’re going to have to look out for if you’re using well water over municipal water sources.

Will Hard Water Affect a Float Tank? – DSP 165

How do you Know What to Delegate and When? – DSP 164

The eternal small business challenge. You can’t be everywhere at once, but how do you decide what to delegate and to whom? Unfortunately, there’s not an easy solution, but there are some philosophies behind how you run your business and operate that may be helpful to review. 

If you’re reaching this wall and you’re not sure what to do, think about how your work is laid out and what is required of you. Some things are naturally going to be more repetitive and have more built in redundancy. That’s a good place to start looking for delegating responsibility, but it doesn’t have to end there. It all just takes time.

Graham and Ashkahn get into the Float On way and how it’s come about that they’re the owners, but don’t run the shop and are no longer making the major decisions in running it as a business. Worth a listen even if you’ve never even seen a float center before. 

Will Hard Water Affect a Float Tank? – DSP 165

Float Room Construction Costs Specifics – DSP 163

In this episode, Graham and Ashkahn succinctly breakdown the cost of float room construction. The average float room cost per the industry survey is $75,000 per room. How much of that is float tank cost and how much is construction? There are some variables to consider based on geography and types of tanks, but the guys lay out the average and clarify some of the numbers we’ve released previously. 

Will Hard Water Affect a Float Tank? – DSP 165

How to Delicately Handle Difficult Customers – DSP 162

Sometimes there’s just that one customer. The “Problem Child” customer that you don’t like having to deal with. The one who totally know is definitely (probably) making things up to try and get a free float. And they’re such a nuisance! What can you do about that? Obviously you don’t want them getting vengeful if you tell them to kick rocks and spread lies about you.

How do you handle that situation? Well, Graham and Ashkahn lay out some nice ground rules for how they handle people and it comes down to setting clear boundaries that at least appear rigid on the outset. Then, if those boundaries are crossed, the reactions you have are totally expected.

Will Hard Water Affect a Float Tank? – DSP 165

What’s the Difference Between a Residential and Commercial Float Tank? – DSP 161

Ashkahn and Graham break down the differences between float tanks designed for home use in comparison to ones intended for a commercial setting. Depending on how it’s intended to be used can drastically affect the construction of the tank. Most home use tanks, for example, aren’t made of fiberglass, because those large, rigid structures are difficult to move by yourself or just with one other person. Likewise, the filtration demands for a home use tank are a lot different.

Listen in and check out all the differences and which tanks are more intended for use at home as opposed to commercial use.

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