
Virtual Fitness Is Your Gym’s Newest Profit Center
In many ways, the COVID-19 gym shut-down accelerated an already intense competition in the virtual health and fitness marketplace. Companies such as Peloton and Mirror were already bringing high-end, high-quality workouts into individuals' homes, while club-staple Les Mills' expansion into the on-demand arena created another at-home avenueencompassing classes and training programs. Meanwhile, brick-and-mortar gym shops shut down, forcing owners to pivot and change business models within weeks. Their one option? Jump into the digital fray-which is exactly what they did-giving away free classes, offering free trials, and supercharging their online community with ad hoc Zoom classes and YouTube videos. Within [...]
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