Earn more money in the brand new year.
As a personal trainer and wellness professional, you’re faced every day with the challenge of selling yourself.
To keep your income flowing, you strive to keep your current clients, hunt for new clients and develop new program ideas. But there’s a big difference between cash flow and long-term profitability. The personal training business is increasingly competitive. Personal trainers who compete on price, serve too wide a variety of needs or say their program is “great for anyone” don’t have a good grasp of personal branding. If you’re underpaid and undervalued, this might be you.
Increasing your earning potential—your ability to raise your rates and increase your sales—starts with increasing your perceived value. Learn how your brand ties into what you charge and how you can enhance your brand.
Pricing and Value
Did you know that pricing is less about cost or competition than it is about demand and reputation? People, especially those over age 50, are willing to pay more for a brand with higher value. The key to developing a great brand is to elevate your perceived value.
How can you move from being a commodity, with tons of competition and little differentiation, to being a celebrity, with little competition, tons of leverage and a high demand for your expertise? You do it by building your brand and your perceived value, one level at a time, with a positive mindset. Here’s how.
Level 1: Commodity
When you’re a commodity, there’s little or no perceived differentiation between you and other trainers. You’re forced to compete based on low prices and high volume. It’s common for you to discount your rates on existing packages.
As a personal trainer, in most cases, you start as a commodity. You begin by competing on price. You explain exercises, sets, repetitions and breathing. Though these items are important, a lot of people offer these same basic services. At this point you say yes to almost every opportunity.
Level 2: Specialist
A specialist possesses advanced education and qualifications, particularly in one niche that customers are willing to pay an additional fee for because of its perceived value. For example, a first-time triathlete choosing between a triathlon coach and a trainer wants the coach. A 60-year-old woman newly diagnosed with osteoporosis prefers an older-adult fitness specialist—or, even better, a trainer experienced in training clients who have osteoporosis.
You can specialize by taking continuing education courses or obtaining specialty certification(s) in one topic. Read books, articles and recent research on that same topic. Use social media sites and IDEA FitnessConnect to share your developing expertise in the area. The more you post, blog and create visible content and services related to this specialty, the more you become known as a specialized trainer. Create a website where you consistently feature links to articles, videos and other blogs, and where you discuss books and expert resources that are of interest to your niche audience. You can provide links to other resources as well as your own content, so this doesn’t need to consume a lot of time. While many trainers fear a narrow focus, specialization actually creates more opportunity.
Level 3: Master Specialist
Master specialists have a niche that is both narrow and deep. They can provide case studies describing their successes with clients, and they have a history of delivering quality service. They receive more referrals, and they have more choices about how and when to deliver that service.
Note: As a master specialist you don’t lose basic skills or necessarily say no to working with a client who wants and needs the basics, but you focus on going narrower and deeper in providing service at the highest level. For example, while working with older adults is a niche, focusing on women with osteoporosis narrows the focus of that niche. As you gain knowledge and experience, you’ll deepen your niche, not only by training your clients, but also by writing for clients, speaking about osteoporosis, and developing products and services for other trainers. When you do that, you develop a loyal clientele and get great referrals.
You’ve already begun to spread the word through blogs, articles and public speaking, and as a master specialist you continue to do so. You increase your rates, or you request a commission increase based on attracting traffic. In many cases, you can now set your own schedule—and still find that your schedule is full, because clients are willing to fit their needs into your hours. You also progressively increase your income. You are developing new products and services. Perhaps you are hiring and training people to support your business, and you’re working less—or at least you’re taking time off without sabotaging your income.
Level 4: Celebrity
A celebrity uses prior experience and success as catalysts for serving a broader customer base. At this level, you can afford to decline more offers than you accept, and you have financial freedom and a flexible schedule.
Now it’s time to limit your availability. Raise your rates when you do say yes, and say no to discounting and to working with people who are not aligned with your brand. For example, if you develop great rapport with your golf-conditioning clients, there’s a strong chance that people will ask you to work with a relative or friend. While you can also train your clients’ children for soccer conditioning, it isn’t what you do best. It pulls you off your focus, requiring more research and preparation than it offers in rewards. You can easily say no and opt instead to refer these requesters to a trainer who will serve their needs better.
At this point, the development of products and services can depend on your name. People who have purchased from you before will be your most likely customers and your best sources of referrals. Plus, when your program is something that other professionals deliver or that customers can use at their convenience, you have more flexibility regarding the time you work.
This kind of “celebrity” success is conducive to expanding your brand. You can embrace other opportunities for speaking, training and writing—not only about fitness, but about the building and marketing of a business. People want to learn about the process and hear the “If she can do it, I can do it” story.
Your Evolving Brand
No matter what level you are at now, or where you aspire to grow to, always keep your personal brand front of mind as you expand your client base. Forget about price, and know your value as a professional. If you have a solid knowledge base and are committed to inspiring the world to health and wellness, the results you achieve for clients will speak for themselves and your brand's reputation will precede you.