Subscribe
Share
Share
Embed
There's money hiding in your gym right now. Book a free Find the Money Call and we'll show you exactly where it is: https://findthemoneycall.com/
This is the full recording of my live masterclass: How to Fix the Profits at Your Gym. This is the third in the series after Fix the Marketing and Fix the Sales. And this is the one that matters most because you can't deposit revenue into your bank account. You can only deposit profit.
I taught over 60 gym owners the six levers you can pull to start seeing more money in your bank account. You don't have to do all six. Pick one, implement it, and you'll start seeing a difference.
This episode will be much more effective if you watch it on YouTube so you can see the case studies, the math breakdowns, and the Testimonial Email Builder walkthrough. Click here to watch: https://www.youtube.com/watch?v=XrX61hZLQZ8
5 Key Takeaways:
- Your value judgment does not matter. The chain linking your current product to your current price is bigger and thicker in your mind than in your customers'. I raised prices $49 across the board on members who have been with me for nearly two decades. It added over $7,300 in monthly recurring revenue overnight with zero increase in expenses.
- A gym owner stuck at $13K hit $20K in 2 months instead of 12 by raising prices. At his current churn and acquisition rates, it would have taken him a full year to grow from 50 to 75 members. Instead we raised prices $40 a month on current and new members and he got there in weeks. Speed matters.
- Switch to 28 day billing and you get a 13th payment every year. On 100 members at $200 a month, that's an extra $20,000 in annual revenue for changing one setting in your billing software.
- There are empty spots in your current sessions that are pure profit. If you're running sessions at 3 out of 6 and you fill one more spot, that's zero additional expense and 100% margin. Track your capacity weekly and you'll find money you didn't know was there.
- Learn the skill of generating a cash flow surge. When your water heater breaks or you get an unexpected bill, you need to be able to go out and create money. There are 6 things that need to be in place for that to work and I walk through all of them.
There's money hiding in your gym right now. Book a free Find the Money Call and we'll show you exactly where it is: https://findthemoneycall.com/
Creators and Guests
What is Fitness Business University Podcast?
The Fitness Business University Podcast — The #1 Fitness Business Podcast — is the go-to educational show for gym owners, by gym owners. Hosted by Vince Gabriele, a seasoned pro with 18 years in the trenches of the fitness industry, this podcast pulls back the curtain on the real strategies, systems, and money-making wisdom that have helped gyms around the world grow and thrive.
If you’re a Gym Owner or Fitness Entrepreneur ready to get more clients, make more money, and free up your time to do what you love, this is your playbook. Vince delivers a funny, straight-talking, no B.S. approach — no fluff, no theories, just the proven, real-world skills you need to win in business and in life.