I have recently read an article about 2 Harvard grads starting a company called Gym-Pact. The concept is to charge motivational fees only. Thus, if you stick to your weekly workout schedule, you will not be charged. If you fail to or leave the “pact” / program for reasons other than injury or illness, then a larger fee will be assessed.
What do you think of this?
Would this be a good program/membership for gyms or personal trainers to promote at the beginning of the year?
What would be the downfalls?
Any suggested pricing?
For the full article go to:
I think it’s a great idea. There are so many people who join a gym and they just quit going after sometime, but their gym keep billing them anyway. I doubt anyone from the gym call them and follows up with them to see why their stopped coming because as long as they have their CC on their file they can keep charging them. This new idea is great because it holds the people accountable and gives them a reason not to quit.
I actually think that these guys have figure out a way to keep their members motivated and engaged into a healthy lifestyle. If you are going to join their gym, you better be sure that this is what you are looking to get out of that place. Money can be a great motivator for many people. And if you can pay less while you get all the benefits in a gym, then it’s a great deal. I personally don’t see any downfalls from this idea.
Thanks for posting this question.