Fitness Training Entrepreneurs Advised on How to Boost Profits
Oct 8, 2017
With one in five Americans paying for gym membership and over 5 billion gym visits taking place in the US every year, the fitness industry is booming. Global revenue from health clubs was over $83.1 billion in 2016, meaning that it is an attractive industry
Perth, Australia - October 8, 2017 /PressCable/ —
With one in five Americans paying for gym membership and over 5 billion gym visits taking place in the USA every year, it is clear that the fitness industry is booming right now. Global revenue from health clubs was over $83.1 billion in 2016, meaning that it is an attractive industry for new entrepreneurs to get involved in.
However, small business owners in the fitness industry were recently advised that it is important to focus on traditional business strategies as well as their fitness offerings. In this way, they can grow their business while helping their customers to get healthier too.
Citing figures from a case study that he carried out, YourBusinessCoachingClub Founder Craig Ridley advised that “increasing profit from $61,000 to $415, 000 is possible with the right growth strategies in place”. He went on to confirm that the value of the business in this case study was boosted from $30,000 to $620,000.
The key messages from the video presentation from this fitness business case study included issues such as the need to have an effective marketing strategy, getting members to spend more on each visit, and managing overheads sensibly.
Mr Ridley continued by stating that, “increasing the profit margin and overall business value is as relevant for fitness professionals as it is for any other business person. Many of the tactics to achieve this are virtually identical to those used in other industries.”
Among the interesting techniques that he covered was the idea of keeping the training center looking full and popular, as well as systemizing the sale process rather than personalizing.
YourBusinessCoachingClub is an online business coaching club that offers specialist coaching sessions on many different areas, together with a global network of entrepreneur contacts. It is based on the founder’s 3 decades of business experience. Joining YourBusinessCoachingClub is fast and simple to do, with a daily cost of less than 50 cents.
Contact Info:
Name: Craig Ridley
Organization: PGW Solutions Pty Ltd
Address: GPO Box R1254, Perth, Western Australia 6844
For more information, please visit https://yourbusinesscoachingclub.com/
Source: PressCable
Release ID: 246796
More News
‘Poster child’: why more Chinese firms have Thailand in their expansion plans
With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. A subtle shift is taking place among Chinese businesses as they adopt a “China plus one” outlook and redirect domestic investments to neighbouring economies – a...
China Criticizes U.S. Ban on DeepSeek A.I. in Government Systems
The response came after Homeland Security ordered the removal and exclusion of products developed by the Chinese company.
US troops in South Korea must be ready for missions beyond peninsula, commander says
The commander of the US Eighth Army in South Korea said his troops must be ready for deployment outside the Korean peninsula if ordered, arguing that it would be “irresponsible” to focus “myopically” on threats there. Lieutenant General Joe Hilbert said that while his command’s focus was on fulfilling US commitments under its mutual defence treaty with Seoul, the Eighth Army’s location did not limit the missions it could undertake. It would be “irresponsible to focus myopically” on threats on...
First Quad leaders’ summit after two years in Manila next month, Rubio confirms
US Secretary of State Marco Rubio confirmed on Tuesday that the leaders of the Quadrilateral Security Dialogue would meet in the Philippine capital next month, marking the group’s first summit in more than two years, just days before US President Donald Trump meets Chinese President Xi Jinping in Shenzhen, China. “It’s been agreement now that we’re going to do it; we’re going to do it in Manila, at the Asean conference,” Rubio said in an interview with Indian news channel CNN-News18. “We don’t...
Rubio Travels to India to Strengthen Economic Ties Amid Strained U.S. Relations
The secretary of state will meet with Asia’s richest men in Mumbai as Washington continues negotiations over a trade deal with India.
Weapons to Russia, Wigs to China: How North Korea Balances Its Allies
A clear division of labor ensures North Korea’s alliances with Russia and China are complementary, not competitive with each other.
Bougainville Needs a Credible Timetable for PNG’s Independence Vote. Australia Can Help.
Canberra should stay out of what Port Moresby decides on Bougainville, but it can push for a concrete timeline for the decision.
What is Discovery Loop, Chinese teen AI prodigy Nathan Chen’s rumoured next destination?
Just days after announcing his departure from Moonshot AI, teen Chinese artificial intelligence prodigy Nathan Chen Guangyu seems to have found his next destination. On Tuesday, Arfur Grok, a widely-watched anonymous social media account that tracks AI talent movements in the US, posted that the former Moonshot AI researcher was joining Discovery Loop, an AI start-up founded by four former Google senior researchers including former chief scientist Jeff Dean. Launched just two months ago, the...
Taiwan’s Tech Diplomacy Has a Labor Problem
Migrant worker recruitment debt threatens the island’s access to Western markets and its ties with Southeast Asia.
North Korea Wants Security Talks With the US, Not Nuclear Talks
For decades, Washington tried to change Pyongyang’s nuclear policy. Now North Korea is trying to do the reverse: use its nuclear weapons to change U.S. policy.
Trial by Social Media? The Boundaries of Feminist Teaching in China
A law school professor was dismissed after online controversy over her course on women’s rights.
China creates state-owned firm in Xiongan to develop nation’s AI data resources
China has set up a new state-owned enterprise dedicated to managing the country’s massive data resources, a significant move designed to turbocharge the nation’s artificial intelligence industry and bolster its digital economy. The National Data Group Co – based in China’s “city of the future”, Xiongan New Area in northern Hebei province – is tasked with “developing and utilising data resources, unlocking the value of data elements, serving AI development and fostering a data industry...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.