Additional revenue streams not mlm ( no offense )
I am an in home personal trainer and have struggled with ways of creating additional revenue streams. I am trying affiliate marketing and just completed a nutrition course I would like to use. Has anyone had success in incorporating other income streams? Also, I don't want to trade time for money and I would like to avoid mlm.
Figure out what you enjoy, figure out what your skills sets are and then figure out a way to develop a business model utilizing that thing.
I'm not sure that I know what the 'mlm' abbreviation is.
What other steps have you taken to promte yourself?
How large is your home gym/square feet?
How many clients are you actively training?
Do you teach group PT training?
Is your location easily found and adequate parking?
What/Where/Who are your competitors and what advantages do you offer?
Hours/Days open for training?
Could these areas be improved upon before incorporating additional time and resources elsewhere?
MLM's can be a great revenue source however, they take time and money to build a substantial organization and are usually short lived.
Wishing You Great Success!
I visited your web site and saw that you are already branching out in many different directions from supplements to exercise products in addition to the training in client's homes.
When you say that you do not want to 'trade time for money', do you mean that you want to generate extra income without putting in any time and effort? If so, I am not quite sure there is such a thing short of investing your money and living off the interest.
If I misunderstood, you may contemplate group programs for corporations. Your clients may be able to give you some leads. Many companies are trying to control health care costs by giving their employees incentives to exercise.
Get specific about your area of expertise and concentrate on that.
Personal training can be finite, look at the bigger picture in the fitness world, there are so many populations that have not been touched.
Sometimes taking on other jobs can be interesting as well- coaching for sports can be a fun way to mix up life as well as earn a little extra on the side.
Offering summer sports camps for the kids can be another stream for revenue. It does take time, but summer can be slow anyways with people often opting for sun rather than gym time.
Workshops and any type of group program can also be good because you are able to reach more people at one time. Same goes for tele seminars and such.
You have many great ideas to go with. What I do is keep my eyes and ears open 24/7 to let people know how I may be helpful. The word of mouth gets me more offers with more potential clients of all professional skills and levels.
I hope this helps you, take care.
I think a great way for fitness professionals to open up new revenue streams is by adopting innovative technologies that you can integrate into your practice. There are a lot of amazing technologies out their that range from gym equipment to software solutions. Of course gym equipment comes at such a high cost so it will take time to recoup and you can't exactly move equipment around if you are an on-site trainer. I think your best bet is to look at mobile software technology that could help you train your clients. It's a fast growing area. For example check this out (disclaimer I am the founder of this company!): http://oneaura.com/private-beta-request/fitness. This is an example of what I am talking about. Adding a product or service like this can give you a reason to charge the client more. Anyways i'm always more than happy to talk if you'd like. Best of luck!