"Will Selling 24-Hour Access Kill My Gym?"
Run a Profitable Gym
English - March 03, 2022 05:00 - 20 minutes - 14.2 MB - ★★★★★ - 61 ratingsEntrepreneurship Business Health & Fitness fitness coaching crossfit business gym marketing ceo Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On the surface, selling open gym and 24/7 keycard access sounds like a great way to make some extra money. But in reality, it's more likely to cost you—now and in the future.
It presents issues with liability, security and safety, all the while limiting your earning potential (no one's going to upgrade from access to personal training, but many won't hesitate to downgrade).
Not convinced? Here's Coop on what happened when he tried selling access, what the top-performing gym owners have to say about it, and how to decide if it's worth the trouble.
Links:
Gym Owners United
Timeline:
1:16 – Lessons from Coop’s past mistakes selling access.
4:58 – It costs more to sell access than selling access brings in.
6:03 – Downgrades and weed clients.
13:13 – Top-performing gym owners on the 24/7 question.
15:52 – The added risks and problems with keycard access.
18:24 – Still tempted? Do the math.