The Trainer Pay Mistake That Costs Your Gym Big
Gym owners face numerous challenges, but there's one mistake too many of them are making: how they pay their trainers.\xa0
The common payment model for gym trainers is letting trainers keep most or all of the earnings from their sessions (like a 70:30 split favoring the coach).\xa0
This may sound harsh, but it is all wrong!
Yes, it seems kind, keeping in mind the hard work trainers put in. But is it really the best for the business? When you own a gym, it\u2019s important to think about more than just trainer satisfaction. There's rent, marketing costs, and the effort to get clients through the door.\xa0
So, if you\u2019re letting trainers take a huge slice of the revenue, your gym will barely make ends meet because split payments often do more harm than good to a gym's financial health.\xa0
As a gym owner who bears the brunt of the risk, you should structure your business to ensure you are adequately compensated.\xa0
If this common mistake is eating into your gym profits, this episode is a must-listen.\xa0
Tune in as Tim and Randy explain how a simple switch to a systematized approach to gym operations, including structured schedules and fixed salaries for trainers, could make all the difference.
Let\u2019s dive in!
Key Takeaways:
- Intro (00:00)\xa0
- Lack of business skills among gym owners (02:07)\xa0
- The risks gym owners face (03:46)\xa0
- Trainer payment models (05:17)\xa0
- Gym owner responsibility (07:30)\xa0
- Systematized operations (11:29)
- Trainer vs. owner perspective (14:57)\xa0
- The issues with split payment models (17:18)
- Recap (23:28)
Additional Resources:
- Business Accelerator Program winninggym.com/call
- Learn more about The Iron Circle\xa0
- Business Talk with Fitness Professionals Facebook group\xa0
- Jump on a call with Randy
---
If you haven't already, please rate and review the podcast on Apple Podcasts!