3 Ways Gym & Studio Owners Can Maximise Profit

3 Ways Gym & Studio Owners Can Maximise Profit

3 Ways Gym & Studio Owners Can Maximise Profit

This week is all about getting your finances in check to make sure 2021 is a great year

Yesterday, Debbie shared with us some financial strategies she would implement as an accountant to make sure next year is a solid, profitable year full of serious growth!

Today, I want to share 3 tips with you as a studio & gym owner

We have done this to maximise the profit we can make from our gym

1️⃣ Income Per Hour – there’s a few ways you can look at this.

Many people go down the Small Group route and charge £150 a month with 4 people per session.

Others do much larger groups and charge far less.

We’ve decided to switch this up. We’re changing to 12 people in a session and we’re charging £97 a month.

You see… if you’re running a programme that is £150 a month for 12 sessions, this works out at £12.50 per session. x this by 4 people…the income you make is £50 a session.

However, if you’re running a programme that is £97 a month, 3 sessions a week, 12 people a session…thats £97 a session income.

That’s a massive difference 💸

Think about what works for you…figure out what you need to be earning per hour

2️⃣ Paying your trainers – the thing we have to consider is, if someone is working for you full-time they aren’t having to find their own clients, manage clients, sell to people. All this extra stuff we have to do as a business. They’re coming in to do what they’re good at which is train people. 🏋🏻‍♀️

As a 1-2-1 PT they might be charging £40 a session but they have to find the client, chase them, sell them, get the results and keep them happy…and find more clients whilst they’re at it!

£10 an hour is more than minimum wage. Potentially in a 40 hour week they might do 30 hours of coaching and 10 hours of admin or maybe cleaning too. That’s a decent wage.

So look at how much you’re paying your coaches per hour!

3️⃣ Interest Free! – This comes down to your equipment. When we buy an assault bike, a new rig, a load of dumbbells – we will always check for interest free payments. We spread it over a 12 month deal! This allows us to spread payments slowly over the year without a bulk sum flying out of our account.

This helps us to grow our business and keep providing the best kit for our clients 💸

This technically means we can keep spending spare cash on advertising and keeping clients happy

So those are the 3 things we will do to run in any studio to make sure it is profitable as possible. We’re making sure we maximise what we can earn per hour. We pay our trainers a fair wage and we buy equipment on interest free! 🙌🏻

David 🙂

5 Sales Tips For Re-Opening

5 Sales Tips For Re-Opening

This week is all about sales! Yesterday, Ella, one of our newest members of the team! She previously worked for wowcher and was able to generate over 1 million into sales She explained everything she did and then we talked all about how you we can take this knowledge...

Guess What I Bought The Other Week…

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As we close in on lockdown ending here in the UK Or maybe it was the fact I turned 31, 2 weeks ago I went down to the VW garage and purchased A Van 🚚 You see, as business owners and entrepreneurs We chose to do what we do for a reason A 9-5 just wasn’t what we wanted...

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Hi I’m David 🙂

I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”

Download Your FREE "Copy & Paste" Guide

Let's Connect...

Message Me Personally On FB

Message The Facebook Page

Join The Facebook Community

Message Us On Instagram

Message Us On LinkedIn

Watch Us On YouTube

5 Sales Tips For Re-Opening

5 Sales Tips For Re-Opening

This week is all about sales! Yesterday, Ella, one of our newest members of the team! She previously worked for wowcher and was able to generate over 1 million into sales She explained everything she did and then we talked all about how you we can take this knowledge...

Guess What I Bought The Other Week…

Guess What I Bought The Other Week…

As we close in on lockdown ending here in the UK Or maybe it was the fact I turned 31, 2 weeks ago I went down to the VW garage and purchased A Van 🚚 You see, as business owners and entrepreneurs We chose to do what we do for a reason A 9-5 just wasn’t what we wanted...

It just saves me SO MUCH time

It just saves me SO MUCH time

The statement above is the exact words a returning FitPro Portal client said to us this week And he is talking about the Social Stack 💪 This is the ‘Copy & Paste’ social media pack that gets added to the FitPro Portal each month 🙌 30 Engaging posts Plus 30 Canva...

Hi I’m David 🙂

I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”

Download Your FREE "Copy & Paste" Guide

Let's Connect...

Message Me Personally On FB

Message The Facebook Page

Join The Facebook Community

Message Us On Instagram

Message Us On LinkedIn

Watch Us On YouTube

FitPros: Download Your FREE "Copy & Paste" Social Media Guide

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