Built To Grow Fitness Business

The $30k Ceiling


Listen Later

There's a common financial roadblock that many gym owners face - the $30,000-a-month revenue mark.

It's like hitting a ceiling that's hard to break through. In fact, many of them remain stuck just below that magic number for years, and it’s a pattern more common than you might think. 

This might be connected to the Dunbar number, which is about 150. This number represents the amount of personal relationships you can realistically manage in a business setting. 

If you consider an average gym membership fee for larger group training sessions at around $200, and you multiply that by 150 members, you land right at that $30,000 monthly revenue mark. 

Of course, gym models vary - some might charge more than $200, others less, but most gyms find themselves averaging about $200 per member. Even when gyms sell extra things like merchandise or run special programs, it often doesn't help them make much more than $50,000 to $60,000 a month.

So, the big question for gym owners is: what can you do differently? What strategies or changes can you implement in your gym to not just break the $30,000 ceiling but leap forward to, say, $50,000 or more?

That’s exactly the topic that Tim and Randy are discussing in this week’s episode. 

Join them as they talk about the psychological aspect of the Dunbar number, the importance of adaptability in business models, and the benefits of shifting from a large group training model to a semi-private model. 

They also share success stories of gyms that shifted to a semi-private model and the strategies they use to break through the common $30,000 monthly revenue barrier.

This is an episode you won't want to miss - tune in now!

Key Takeaways:

  • Intro (00:00)
  • $30,000 revenue ceiling (00:41)
  • The Dunbar number and its impact on membership (01:47)
  • The large group model limitations (06:41)
  • Pros and cons of raising rates (10:53)
  • The shift to the semi-private model (16:02)
  • Recap (17:31)

Additional Resources:

- Business Accelerator Program winninggym.com/call

- Learn more about The Iron Circle 

- Business Talk with Fitness Professionals Facebook group 

- Jump on a call with Randy

---

If you haven't already, please rate and review the podcast on Apple Podcasts!

...more
View all episodesView all episodes
Download on the App Store

Built To Grow Fitness BusinessBy Tim Lyons and Randy Angsten, Tim Lyons, Randy Angsten

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

89 ratings


More shows like Built To Grow Fitness Business

View all
Power Athlete Radio by Power Athlete

Power Athlete Radio

595 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,790 Listeners

Mind Pump: Raw Fitness Truth by Sal Di Stefano, Adam Schafer, Justin Andrews, Doug Egge

Mind Pump: Raw Fitness Truth

11,849 Listeners

REAL AF with Andy Frisella by Andy Frisella #100to0

REAL AF with Andy Frisella

32,584 Listeners

Why That Worked  – Presented by StoryBrand.ai by StoryBrand.ai

Why That Worked – Presented by StoryBrand.ai

1,927 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

495 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,043 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,253 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,367 Listeners

The Russell Brunson Show by Russell Brunson | YAP Media

The Russell Brunson Show

982 Listeners

Jason Khalipa Podcast by TRAIN HARD Media

Jason Khalipa Podcast

442 Listeners

Fitness Business University Podcast by Vince Gabriele

Fitness Business University Podcast

167 Listeners

Alloy Personal Training Business by Rick Mayo

Alloy Personal Training Business

51 Listeners

Dan Kennedy's Magnetic Marketing Podcast by Russell Brunson

Dan Kennedy's Magnetic Marketing Podcast

158 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

894 Listeners