Vince I am not going to argue over this with you or Noel. I know PT services is a huge money maker. I stated it was the #2 revenue generator behind membership. Those small hole in the wall studios are fine for a very very small niche in the market. I know that. But, to compare what is best way to generate an income to be comfortable with and a business that makes you a large income you cannot compare the two. But there is no way you can ever convince me that the small piece of the pie is better than the HUGE piece of the pie.
The small piece of the pie is a much better investment because its minimum risk and minimum investment.
In order for someone to open a gym, they would need to have at least $1,000,000 of available funds just to even think about it...perhaps more.
While you can make a lot more money a month, you can lose a lot more money a month just as well. The Gold's Gym I trained people at at is no longer there because the owners ran out of money to operate it. They ended up selling lifetime memberships for 1000.00 dollars right up to the very last day they opened. I came in as usual and found a bunch of moving vans and all of my training stuff I had in my locker was long gone.
Of course, all of the clients I was training didn't follow me to the next gym because they assumed I had knowledge of it happenning when I didn't. I was an independent contractor.
That's why I recommend personal trainers to get their own studios because its the wave of the future and they can make more money than they would at a gym along with having their independence and freedom
Having a successful gym is a very small minority and it usually is only successful for a short time...Just ask Bally's
