I am considering a 1099 training position with a local gym, what are the pros/cons & what are typical hourly rates you’ve seen?
I was offered a 1099 training opportunity at a local gym, but the LOW hourly rate suprised me (I know W2 trainers who make a higher hourly rate.) – also that there was an hourly rate for an indep contractor. There is the potential of earning 5% of sales, but as a 1099 there are no benefits and I have to add the gym as an additional insured on my policy. It seems that while I am taking on all the responsibility, the gym is making all the money – or am I missing something? Shouldn’t it be more of a split? What kinds of hourly rates should be expected these days for contract trainers?
Houly rates can vary. It has been my observation they swing from $12 to $60 in a gym. It is based on your certifications, your educational background, your experience, and, of course location. The upside is exposure to potential clients, establishing relationships, and steady income. The downside has always been for me, monthly meetings, and the company taking a large chunk of the earnings.
However, it seems to me, if you are new to training, exposure, exposure exposure, is what brings you clients. The additional insured COI is not an additional fee with Philadelphia Insurance Company so check with your provider.
Danielle