First off, I love the opportunity to ask questions to other professionals. It is so relieving to have this network. It is hard when I am the only one in my business and I have thought or ideas and not sure how to go about them them to come on here and ask. I have had great suggestions from other questions I asked in the past and took the feedback and incorporated it to my business. Here is the question.
I have a corporate deal potential. They don’t know if they will have a budget to pay for fitness services so it will be employees that want to participate in classes that might pay. I am used to going off the employers budget. I know I am gaureenteed my hourly pay when employer pays. I am not sure how to do it if the employee pays. For instance I want to make $75.00 that hour and charge $15.00 a person and only 3 show up then I am at a loss.
What are ways you charged employees to get your base rate? They might only start with one day a week. I am hoping to talk them into 2 days a week 2 hours a day. Classes will be during the lunch hour.
But they might want to start with 1 day a week for 1hour.
Hello Patricia Provencher,
Thank you and I am sure IDEA is grateful; I agree that this is a great source.
Without going in to too much detail, the first step is to have a client base sign up so you are sure of your income potential. Then be sure to have a cancelation policy with a service charge if not given 24 hours notice to also ensure your income.
Divide your hourly rate to determine a minimum class size, also.
You can also compare your rate per student with a nearby gym.
Here is another similar question with answers:
I hope this gets you started.
Natalie aka NAPS 2 B Fit.