Phil Sitter
Appearances
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Awesome.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Yeah. Thank you, Dan. So, yeah, I'm Phil Sitter. I'm the founder and CEO of RepeatMD. RepeatMD has been around for almost three years. We're top 200 apps in the world. We've generated over $2 billion in revenue for our clients. And before starting RepeatMD, I actually moved with my dad in the late 90s when I was very young from Vienna, Austria. So I had very much the immigrant life, right?
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Started working at a very young age. And got into restaurants. I'm a fifth generation restaurateur. So that means generation after generation opened up restaurants. So I know a lot about that. I opened up restaurants. I did that for 10 years and I scaled that to 1200 employees, multi-unit, multi-concept. And then from there, I wanted to create software for restaurants.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And then from there, because of COVID, I ended up pivoting my software company from restaurants. And I found the aesthetics and wellness space. So RepeatMD serves med spas, plastic surgeons, dermatologists, et cetera, et cetera, in all 50 states. And we're about to launch into Canada.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So I started RepeatMD as a pivot for my first software company. So I'm not an engineer by trade. I had what it was called a Stein club in my German restaurants. So this was a club where you pay $200 for the year. You got a Stein, you got beer, you got events. And eventually that scale to the point that my Excel spreadsheet wasn't cutting it. And so I'd have all these people on my list.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so it was a nightmare. And so I was just had this whole like membership concept in my mind that there should be memberships within restaurants. And this was like in 2012, 2013. And so as that scaled, I said, okay, well now that we're franchising, we're franchising our restaurants. I need to find out like a virtual Stein club. And I, so I built software at that point.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
I hired an agency to build, um, software that would track members. And then I went to all the alcohol commissions and tried to get approval for a free alcohol club, which was very hard to do. And so that took like a year and I got 17 states to approve it. Had to do all these sorts of things like ID verification and then like a reduction of overconsumption. A lot of technical stuff.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Finally launched that as I was franchising. Then a buddy of mine who owns 16 Mexican restaurants in Houston was like, hey, What if you did that for my restaurant? And so an idea was born where I was like, oh, well, maybe this might be the better path versus owning a lot of restaurants, never being home. You know, I had my daughter at that time. She was just born.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And I was like, man, I'm going to miss all the holidays, all everything because of the restaurant industry. And so I decided to take a chance and say, you know what? What if I... started selling this. So part time, I was running my restaurant group. The other part time, I was selling restaurants, my software.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
When that hit a tipping point that was interesting, a couple hundred clients, I decided to sell all my restaurants, sell all my real estate. And keep in mind, I was doing that for 12 years at that point. So I sold everything. My dad retired, who was my partner in the restaurants.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And my wife was a partner in my other restaurant, sold everything, funded my own software company and said, fucking send it. Well, let's go do it. So we had about 500 restaurant groups use it within our first year. So I thought that was the path and it was going pretty well. Then COVID happened. all of a sudden no restaurants could pay me.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so, you know, all the QR code menus, like the scan, the QR codes, I was running $50,000 a month on Google ads to do free, free QR code menus for restaurants. So I was like acquiring a lot of restaurants every month, but for a free QR code thing where we would like, you know, design it, send it, ship it. I thought of that as a way of like, Hey, maybe when this all recovers,
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
They were already a client. Maybe I could get them to buy the software. So anyways, I found it as like a disproportion acquisition opportunity. Turns out that COVID was going to last longer than I was anticipating. And I was losing, you know, a lot of money every month, probably like a hundred grand a month all in. And I needed to find other places to sell the software to.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so, you know, we were doing country clubs. I pitched like a school board on creating rewards programs for attendance because that has like a big effect on like their funding, you know, because it has effect on tests, et cetera. Long story short, I pitched everyone the ability to create a mobile app for rewards for their for their business of any business, auto mechanics, pretty much anything.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Lo and behold, I landed on a meds or ENT opening up a med spa and he was interested. So my co-founder and VP of sales at that time, he was like, hey, this might be interesting. And so we did it. He got a six-figure return in 90 days. I went out in the woods, took some magic mushrooms, decided to pivot my entire company with my friends. True story.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Came up with the RepeatMD URL, went on GoDaddy, bought the domain. And then I had a bunch of customers. I said, we're going to pivot completely out of restaurants, close this down. We're moving to RepeatMD. And that's how RepeatMD got started.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Pop, pop.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Yeah. I mean, I think the big lesson here is like, you just got to try things. And as long as you have a good team that's committed to, you can pretty much figure out anything. Um, and so we had like nine employees that transferred over from our existing company and to repeat MD. And we just went all the way in.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
A mentor of mine, his name was Jay Abraham, and he told me, when going to market with your product, find out who already has your customer and just partner with them. And so we built a great product. And then we found out who has our customer and we just partnered with them.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so at that point, it was the medical manufacturers, the device companies that were selling a couple hundred thousand dollar capital pieces of equipment to doctors that they wanted to get in cash pay. And so all we said to ourselves, like, can our product help them close more deals? And can our, you know, the salespeople from the company?
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And can our product help the doctor or the physician buying the device help sell more treatments and building a mobile app that rewards patients, retains them, introduces them and educates them to all the different services and now has financing, et cetera, et cetera, all baked in does all of that, right? Doctor buys a device concerned, like, how am I going to bring this up to my patient?
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
You get a mobile rewards app like Starbucks Rewards, but built for the medical industry. Scan, get money, get $50 towards any treatment, be able to buy the treatment, finance the treatment. It really closed that ecosystem. So that's how we launched. I didn't raise any venture capital. till we hit 6 million of recurring revenue.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So the company was like a $50 million valuation type of company by then. Because I was just very detailed on let's find partners that we could help solve their problem. Let's acquire their customers because they've already paid for their customers. And then let's build off of that. And so that's how we started.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Yeah. So with, with repeat MD, our clients are med spas, plastic surgeons, dermatologists, wellness clinics, et cetera. So any practice that has cash pay services and treatments. So as a patient, the way you would experience repeat MDs, you go into the practice and they have a rewards app like Starbucks rewards, but for the medical aesthetics and wellness industry.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
you'll scan it you'll get a hundred dollars towards a treatment or free treatment iv whatever and then from there they'll have their own app and they you can buy a treatment a service you can learn about services and treatments you can send referrals etc it's about taking some of the world's best loyalty technology and applying it to small businesses and today the repeat md app has over 2 million users and top 200 apps in the world so
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
The way we did that is by acquiring some of the most talented engineers from the consumer app and e-commerce space. And basically the way I think about small businesses and B2B software is like fractional ownership. I think of Phil that was running a restaurant. Like it would be amazing if I had access to these people to build my app, but I could never afford that.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So companies like repeat MD come out and they're like, Hey, we have the capital. We have the people will build something special and you pay us monthly. And so, um, our customers are practices, but our, what we say is our practices are the partners and our real customers, the patient, because it's a patient experience that we're after.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
so we call the concept at repeat md med commerce which is applying e-commerce to the cash pay medical aesthetics and wellness industry so a patient has the ability to buy a service now at 9 pm at night versus just being limited to 9 to 5 pm right right so think about everything is e-commerce now why would the medical industry not be
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
right telehealth is e-commerce already but if i wanted a treatment i would have to drive to the practice and then go get the treatment and that doesn't make any sense anymore i when i think about the treatment i pull up the app i buy it and that's it and if i want financing i don't want to have to ask for a credit application like hey this 4 000 treatment that i'm getting ready for a wedding uh do you have financing sure here's a care credit application it's like nobody wants that
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Rather, pull it up on the app, wedding ready package, buy, affirm, finance, done, here you go. Practice gets paid the next day. So it's applying e-commerce to the medical industry in which we coined the term MedCommerce.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Well, that's actually a timely question. So we after after bootstrapping, which is, you know, bootstrapping is where you as a founder run the company without raising any outside capital. So we bootstrapped to six million of annual recurring revenue. From there, I took my first seed money. Right. And we raised like six million dollars. From there, I made a massive mistake.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So I got $6 million and I decided, hey, let me hire professional managers, right? Professional management. So I started hiring based off of resumes, right? And based off people that I would think would work out. And then I made it. You get a job and you get a job. Yeah, everyone got a job. And then from there, and we scaled from like 20 employees to 100 in about six months. Oh my God. Yeah.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So we scaled really fast and we were taking a lot of customers in. Product wasn't necessarily ready for that. And the management system, what I did, I made another critical mistake. So first thing is don't hire people just because of fancy resumes. Like one founder told me this and I'll never forget it. He's like, Phil, when you're interviewing people, did they succeed because of or in spite of?
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Right. With the company's success. So did the company succeed because of or in spite of said employee? Right. So there's many people out there that worked with Meadow, worked with Google, worked with Shopify, et cetera. But that doesn't mean that they were at all responsible for Shopify success.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
They could have actually been a huge cancer in the organization and they just happened to be there for six months, a year or two years. Right. So what I did is I hired a bunch of professional managers. The issue with that professional management was I didn't have an operating system. So every department was ran the way they wanted to run it versus what's the repeat MD way.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So now you have like nine departments all running differently and creating silos. So I had to, after that was created, I had to take a big step back and like totally, you know, do a turnaround in my own organization, even though we were very successful and On the outside, inside, the culture was no longer what I wanted it to be.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so long story short, it took about a year to really get back into what the repeat of the operating system is. No silos, no politics, no bullshit, just everyone feeling like a startup again. And at 100 employees or more, like you still are a startup.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
But boy, like any time you get after 20 employees, your culture, whatever you built, whatever you think you built can totally go away if you don't have an operating system.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So long story short, that's like if you are a startup founder, before you start hiring professional managers, you need a very strong take on what your operating system is, what your culture is, who you hire, who you fire because of those systems.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Yeah, acquisitions are really interesting because there's three ways to think about it when you're looking at a competitor or looking at a potential partner. Can I buy them? Can I partner? Can I buy them? Can I partner with them? Or can I acquire them? Wait, no. Can I buy them? Can I acquire them? Or can I build what they have? Buy, build, or partner, right? Buy, build, partner is the framework.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so when we think about acquisitions, we say, okay... buy what does that look like which a lot of a lot of times you see companies being bought but it's just really a stock exchange right it's like everything is fictitious companies worth 500 million they acquired a company for 50 million all they did is give them 10 of the 500 million dollar valuation
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Very little cash is ever being exchanged in these circles, right? It's just like all based off, you know, what McConaughey and Wolf of Wall Street, Fugazi, Fugazi, it's fairy dust. A lot of companies are bought because of fairy dust, right? So that's one way to do it. And that's how most acquisitions are done today. The other one is you can partner or you can build.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
My preferred path is partner and use us as a distribution channel. And then if that becomes really exciting, then you can acquire them. But I almost never would think about buying a company first. I would always want to partner first, see who they are, see their culture, see do they have the ability to fulfill their promises. And then from there, we can buy them.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so I always think about partner before buy.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
What is the number? How many companies are you involved with? Who knows? He's lost count. That's a lot of companies. And so... But what happened to me that was interesting was I wasn't hyper successful in any company, not to the level that I am today.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And what I realized when I made a conscious choice, I made a conscious choice that I'm going to sell everything and just focus on one company, which I call Umbrella Wealth. If you think of an umbrella, you see the stick and it goes like this. I would say most people can't do multiple companies to a stage that they've built the umbrella. You see like a company like Amazon Bezos.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Well, he started with one company and he built that company very big and then he started acquiring other companies, Zappos, now he does Blue Origin, all the other different companies that he has, AWS, et cetera. And so what I would say to most young founders or most young people is focus in on a single thing, get really successful on it, make enough money and then branch out.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so for me, our company is worth multiple nine figures. But this is the only thing that I actively do today. Because I want to get this company to a multi-ten figure company, multi-billion dollar company, before I start taking active interest in anything else. So I'll passively invest in things, stocks, crypto, ETFs, some of the deals that you have, etc. But nothing actively.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
I have no time for active investments right now, but everything passive. But before I had anything this large, I had 14 active investments and none of them were hyper successful because my attention was divided by 14.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And so now I'm a really big believer that if you're in your 20s, you should get very skilled or go to one company, start your own company, whatever it is, and do that to the point that you can branch out.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So as you've said many times, people buy from people that they know, like or trust. Right. And there's no greater way to show that, you know, who you are as a person than by giving back. And so giving back is interesting because when you're a founder, especially in the early days, you know, like the bootstrapping days, you don't think of like, how do I give back?
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Because you feel as though that you can't even take care of yourself. Right. And so one way that I would suggest to people to think about giving back is adding a disproportionate amount of value back to their clients and start with that. There's the personal philanthropy side, but I know many business owners are like very much stuck in that mindset of like, I don't have enough.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
We'll start with people that are in your inner circle, right? When we had, for example, when we had our restaurants, I created a very tiny foundation called the Sitter Foundation. And we were not, we didn't have enough money just to give away. But what we did is we had an avenue for people that went through life circumstances that were uncontrollable.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
in Houston, a lot of hurricanes and we would donate to that and we would have our vendors donate to that. So when someone came in and said, Hey, can you sponsor this for a thousand dollars or $2,000? We had a foundation that could do that. And so it wasn't even our money.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
We just took some money that we were getting in already, you know, and, you know, partnering with people to make that foundation. So even if you're a very small business, there's ways to make charity or charitable contributions, et cetera, real for you.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
But I think the most important thing is that in today's world of transparency, people really want to trust the person before doing business and person that's actively doing that, you know, giving the charity seems fairly trustworthy. Right.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Yeah, I'm a father, so anything that has to do with kids, like, of course, you have a six-year-old daughter. So, you know, I've really been in touch with my empathy and my sympathy, and I'm sure you having your daughter now, it just changes your perspective dramatically.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So that's been something that's been like very relevant to me because as you know now, you can't imagine the world and the pain of the world. You have a beautiful, healthy daughter. I have a beautiful, healthy daughter. You can't imagine a world where that would be untrue and how you would feel, especially if you didn't have the resources to take care of your daughter.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So yeah, that one, especially now being a young father is like very important to me.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Oh, that's a great question. So I already have like a acorn account for her. The way that I think about it is I will be her seed investor in as many businesses that she has that she has already had traction on. So she has to bootstrap whatever she wants to do. When there's traction, I will be her first angel investor. And that's it.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
The vision of the company really answers that question, which is our vision for the organization is for every person on the planet to have access to their own wellness journey. And what that means to me is you shouldn't live in a world where you're wondering, well, what should I do next?
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
Whether you're interested in aesthetic treatment or wellness treatment, or you're like me and listen to all the podcasts, the Huberman's of the world, the Peter T is of the world. and you're taking your Apple Notes, and you're like, okay, well, maybe I'll try this and become your own scientific experiment.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
There should be an aggregator of saying, hey, Phil, this is what you're interested in, this is what you could do, this is how all this works together, and here's a provider that can get this done for you. And so I just believe in a world that everyone should have access to that, and that should be free. Anyone, you know, my daughter is six.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
By the time she's 18, she's going to want to enhance her beauty or the way she feels at some point. My dad's in his 70s, and he definitely wants to enhance how he feels, right? And so between the ages of 18 and 80, we live in a world where we're looking to optimize ourselves. We're looking to take care of ourselves.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
We're looking to have many, you know, years of life, but also life in our years, right? And so I want to be the platform and I want RepeatMD to be the platform that provides that to the world.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So on social media, we're at RepeatMD and I'm at Phil Sitter.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
I'll add something to that real quick. Wait till April of 2025 because we're giving out away a Lamborghini Urus to anyone that refers RepeatMD. Whoa. So whether it be a patient or a practice... You'll be able to go to our website and refer someone who should have access to repeat MD because for a patient, we want them to get access to rewards, to financing, to memberships, etc.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
And for practices, you know, we increase top line revenue by 22% the first year. So long story short. In April, the end of April, we're launching our Lamborghini Urus giveaway or $200,000, your choice. You can even choose the color. And so we're doing that.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So if you do have a med spa, plastic surgeon, office, dentist, we're in dental now, wellness clinic, et cetera, that could use its own mobile app, then we have an incredible referral program that we give away yours to. And for every referral, it's $1,500 that that person gets paid. So it's like- That's a lot of money. It's a great referral program. Wow, that's a lot.
The Money Mondays
NFL Player Turned Real Estate Investor & CEO of RepeatMD w/ Larry English & Phil Sitter 💵 EP 110
So I appreciate you calling out for BDMD, but like, yeah, that is a cool thing. I should have put this podcast in April, right? The Larry Gideos, yeah.