Tag archive for gym business

The Gym Insight Blog has already taken a look at 2017 trends in gym ownership. However, as you will find below, I currently have doubts about how wearables will fit into 2017. This post is more of a round-up of what the blogosphere is thinking about for the coming year. The beginning of 2017 marks the third year that this blog has covered the trends; follow these links to the posts for 2015 and 2016. How do they look compared to your personal experiences of the last few years? Tech For Gyms Trends Videos for search engine optimization are now a leading digital trend. It’s easier [...]

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Is There A Fitness Retreat In Your Gym Business Future? Here’s something different to consider offering to your members: Organize a fitness retreat. By this I mean a trip to a resort that is conducive to fitness and travel as a group and deliver a suitable set of fitness classes and activities. What would it take to set up a new part of your business that specializes in traveling with members to distant locations and hold classes and activities with them as paying guests? A retreat can be a service that is very profitable. Set Up Promotion And Process Bookings [...]

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It’s getting close to the end of the year once again and that means it’s time to look at what’s on the horizon for 2017. Any new fitness trends that help you recruit customers and earn more revenue have to be good things, right? Well, yes, of course! So, the trends that continue to grow include group activities that are perfect for studios or any floor space, such as dance classes, yoga, and other group activities. The rising fitness trends appear to be the things that get people together to share experiences; these include dance, team training, and other small group fitness activities. [...]

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Fitness was a $26 billion per year industry at the end of 2015 and it’s all too easy to think that taking part is the same as having success in it. That is not the case; the difference is between churning through revenue, where you spend it as rapidly as you earn it (or worse), and making a solid profit on your labors. To achieve that it will require your leadership, a comprehensive map of where you are going, and the right analytics and dashboard solutions to accurately measure the process of getting there. Getting To Grips With Key Performance Indicators Measurement [...]

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Going From Zero To One One of the most interesting books about startups and innovation is Zero to One by Peter Thiel with Blake Masters. The principle is that a running business is one, and you start at zero. Everything that you do in between is the hard work of founding a business. Once you are in operation and making enough income to survive you can think about expanding. Beyond one you can use the principle of duplication to repeat the initial success in a second, third, and further locations, this is the empire-building phase where you go from one [...]

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Pulling Your Small Gym Business Back From The Brink A few years back, Grant Cardone, the business turnaround expert, responded to the cry for help from the owners of a Gold’s Gym franchise, in Whippany New Jersey, saving them from a foreclosure that would have left the entire family penniless. The video is well worth a watch. You can apply the key points of what Cardone implemented to any struggling gym. In fact, the methods of organizing and structuring the sales process, the heart of the plan, go for any customer service-centered company. This post is not the first to [...]

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Put Some Life Back In Your Marketing There is always more room for another list on the Internet, particularly when it is as important as reinvigorating marketing strategies for small gym business owners. There may be more relevant marketing ideas that only you can know about driving your business ahead. So, while you ponder on what business marketing ideas will give you a boost, read through these seven marketing tips for gym owners, and perhaps you will find something that inspires you. 1. Free is worth more than any discounts The first tip is a warning with a healthier alternative: [...]

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The Virtuous Circle Of Improved Retention Since the topic of membership retention is still fresh on the pages of the Gym Insight Blog, let’s talk about the strategic points to hold on to your customers a little longer. No doubt, you have some idea of what you are doing well and what can be improved, and there are uncounted sources of ideas for retention on the Web, but it never hurts to have an over-arching strategy in place, right? The Upside Of Improved Gym Member Retention As an example, if you can increase your retention rate from ninety-two to ninety-five [...]

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Fitness Trends For 2016 It’s about time once again to review the trends that are in the ascendant and what has changed in the last year or two in the fitness industry. Fortunately, we don’t have to guess or dig too deeply. The American College of Sports Medicine (ACSM) produces a survey of the top twenty trending issues in the minds of fitness professionals. If you haven’t done so already, you really should view the results of this year’s survey at this ACSM link. We have looked at trends before, and it’s a fascinating pastime to watch how the market [...]

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Four Tips for Protecting Customer Credit Card Information in Your Fitness Business Data breaches involving credit card numbers and other financial information unfortunately have become common for consumers. According to a Gemalto report, there were 1,540 data breaches worldwide in 2014, which compromised more than one billion data records. These breaches can affect businesses across the board, including those in the fitness industry. Customer credit card information can be obtained through large hacking operations or on a much smaller scale. Sometimes, it can be a small mishap that gives way to a large security invasion. It only takes one person [...]

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Picking Up The Pace Of Fitness Business Marketing Having a website is pretty much a fundamental part of marketing for any business these days. In the gym business there are numerous ways that having a digital home helps you communicate and connect. But there are different levels of presence of effort that are completely disconnected from one another. First, it’s now a standard that your website has to be equally readable from computer screens and mobile devices, so anything you publish must be readily accessible to each. Second, like anything else in business, you get a return out of it [...]

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Third Party Confirmations I was just reading the results of a really interesting small business survey, and the discussion about it, on the Club Solutions Website. The point was that community and reviews lead as the driving forces for growth across the spectrum of small businesses. Of 6,000 survey respondents, eleven percent were gym members. The survey showed that there is growth in the economy, small businesses get the most return by providing community, and that small businesses, including gyms, get a lot of mileage from reviews posted by members.  The article went on to say that these reviews provide [...]

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On Orangetheory Joining Communities The new HIIT concept gym business Orangetheory has been expanding like crazy across the country of late. I’m glad to see that there is a fitness ethos behind the boom. It looks like they’re selective in whom they hire; only properly trained and certified exercise science graduates need apply. Beyond doing the basics right, Orangetheory is doing something else that I am all in favor of, which is encouraging locations and managers to get involved locally and give to the community as this link shows. Overview Of Fitness Business And Charity Giving back is really important [...]

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Gather Round For The Gym Insight Founder Story More businesses are creating mobile apps to either support their businesses or from which to bring forth a new enterprise and it is helping smart marketers to promote products and services in the most cost-effective way. The use of any digital offering is an awesome way to bring attention to the core service or product that you deliver. I am sure that you won’t be surprised to hear that what we’ve done here at Gym Insight is a great example. Because I studied and worked as a programmer and also happened to [...]

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The Fitness Experience Companies like SoulCycle and Spartan Race are focused on the experience you have during training or as goals to meet for preparatory training. Other systems like CrossFit demand much of your body and even with proper supervision by certified staff you can easily strain muscles and joints in practice. SoulCycle is a great example of a fitness business carving out a niche because it defies the trend away from spinning classes, which are apparently in decline. By matching charismatic instructors and style with what might otherwise be a limited format the company has created an enthusiastic base [...]

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