Within a year, online fitness has become an industry staple for nearly every gym, boutique, or trainer. The question, of course, is can you make money at virtual fitness and, if so, how do you recoup the investment? Online classes are, by their nature, a volume business. You’re going to have to sell more classes or train more people to make the same money as you would with an in-person experience. Why? Because you’re now promoting a lower-cost service while investing in new tools and novel marketing techniques. And, unlike selling a physical product, your concept is vulnerable to market [...]
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There are two types of clubs growing in our economy: boutique centers, and low-cost, bare bones gyms. Many of those in the middle - think Gold's Gym, 24-Hour Fitness, New York Sports Club, and Town Sports - found refuge in the bankruptcy courts as COVID-19's shutdown ravaged their business models. So what can you do to ensure your gym's future in this difficult market? One method is to create a vertical within your facility by hiring personal trainers with nationally-recognized, specialized certifications. Expanding this way boils down to two questions: Who do you want to attract as a customer and [...]
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Recovery fitness is the phrase of the day for health clubs, boutique gyms, and personal trainers. The equipment used by athletes today ranges from foam rollers to cryotherapy tanks and every idea in between. The rage reminds me of a former health club catering to professional and elite level athletes. There, next to the pull-up bars and heavy ropes, was an automated massage table. Each time I considered it, the sheer idea of lying in full view and receiving an electronic massage in the center of a busy gym just shamed me into paralysis. During my eight years attending that [...]
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Health clubs are in a pickle right now. Not only are they struggling under a load of new regulations and expectations, but they must figure out how to lure clients back into the gym -where the money is made. Just how can gyms rebuild faith in their brand, their facility, their people? Is there a roadmap to follow? Here are the facts In truth, gyms are not petri dishes of disease. Early non-peer reviewed research shows minimal transmission of COVID-19 at gyms when proper distancing and hygiene methods are in place. The Oslo-based study randomized 3,764 people split into two [...]
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The COVID-19 pandemic has cast a long shadow on the question of how to maintain a clean and sanitized gym while running a successful, profitable business. The increased vigilance required by staff, the infrastructure investments, the heightened customer awareness coupled with suppressed demand all combine to swell both costs and risks. Today's gym owner walks a fine line between keeping his or her business open and losing it all to an uncertain market. However, for gym owners, their single greatest decision could be to see this pandemic as an opportunity-a chance to grow and change for the better-rather than view [...]
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The outbreak of SARS-CoV-2 (also known simply as "coronavirus") and the resulting COVID-19 pandemic has affected nearly every industry worldwide. Gyms, classified as "nonessential businesses," have been ordered to close until the pandemic wanes and health officials deem that it is safe for the public to return to normal daily activities in public. As a gym owner, you are no doubt feeling the strain of this unplanned closure during the normally busy spring months. Thankfully, there are many things you can do with this time to not only lessen the impact of this crisis on your business, but also to [...]
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As the owner of a gym, drawing in new members is a topic that will always be near the front of your mind. Successful business owners never truly stop marketing. Over the years, you have probably run your fair share of gym promotions, membership discounts, and group signup events. Marketing strategies like these often - for good reason - make up the backbone of gym advertisement campaigns. However, sticking to these tried and true methods can feel a little stale after a while. Not to mention, if you neglect the technical and online sides of your marketing campaign, you are [...]
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No two individuals want the exact same experience from joining a gym. Likewise, no two gyms offer the same atmosphere and experience to their customers. Trying to please everyone is needlessly complicated and may actually undermine your authority as a "specialist" in a certain fitness niche. For example, no one goes to a box gym chain expecting world-class martial arts training, and no one would go to an old school boxing or lifting gym wanting to join a spinningclass. Your atmosphere tells your customers what your gym is all about. The fitness niches your trainers excel in, the services yourcustomers [...]
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So, Should You Pursue Alternate Income Streams or No? There comes a limit to the number of memberships you can sell, which is a good thing. You hit the ceiling for your single gym it means you've maxed out the potential for monthly subscriptions. To go further, you have to sell more to the same people with alternative fitness club revenue streams. There're some alternatives to this alternative, but they may not be the best choices. You can do the big-box corporate brand shuffle, which means over-selling memberships and hoping they don't all turn up. Instead, you have to connect [...]
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Survey of What Is On The Horizon for Special Populations in Fitness Specialty Fitness Fills Niches and Gyms Humans come in a delightful diversity of shapes, sizes, and physical needs. I think it is super-rewarding to see people achieve spectacular levels of fitness achievement. It is even more rewarding when you can help special populations take small steps to better health and enhanced mobility. Special Population Niche Opportunities The fitness profession offers opportunities to assist people at all stages of their fitness journeys, as well as their extended sojourns through life. Special populations present you with many unique niche opportunities [...]
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Promote Your Fitness Club with Private Label Branding Nothing brings credibility to a small fitness club like a unique fitness concept built around a strong brand. As long as you have a robust gym management software system as a foundation, you start to develop streams of income that complement your client programming. It also helps to have your brand on merchandise and products for sale in your gym's store or front desk. You don't need much floor space for these high-margin sales. Now, you can even add custom merchandise and e-commerce pages to your club website with ease. This is [...]
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Glittering Membership Management Performance Indicators If you can do things that keep and reduce change to the minimum your club might just be on the path to finding diamonds. Retention is the key concept of club management. It brings your small gym business dreams to life. That is a constant, but, unless your retention rate is one-hundred percent, it means change is the only constant. Setting Retention to Maximum If you have a limit to your membership management capacity, the longer members stick around, the less you have to invest in recruiting new ones. The difference is like that of [...]
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Personal Branding Revisited This is a follow-up piece to my recent post about Personal Branding for Fitness Entrepreneurs. There's a lot to cover in the topic, as well as about branding in general. Also, once you have it as part of your entrepreneurial mindset, branding is as powerful as a clean and tidy gym in drawing new members through your front door. As a fitness professional and business founder, you should consider that your personal name is an asset worth building, as well as the brand of your gym business company. If some big box fitness brand offers you many [...]
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Of Belly Laughs and Leg Lifts I was listening to some comedians talking on a podcast recently. It seems to be a thing in comedy for comics to interview their friends and idols. However, I was struck by the similarities between owning a gym and running a comedy club. The fitness and entertainment professions both appeal to the general public as markets. They each bring in people to participate in some sort of experience. Although, they do it in different ways, perhaps. The Changing Culture of Comedy Lately, comedy clubs are growing in popularity and revenue. The number of would-be [...]
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More Business Hacks for Ambitious New Gym Owners There was a recent report in Club Industry that Kohls, the retailers are partnering with big box chain Planet Fitness. It seems that the shrinking need for bricks-and-mortar store space led to a creative opportunity. That's definitely a "get lemons, make lemonade" solution to the changing retail market. In the fitness industry, creative thinking can be the difference between getting kicked to the curb and pivoting to a new business model. Obviously, in this case, hacking means finding low-cost gym marketing solutions by applying creative thinking. So, why not use some creativity [...]
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