The fitness industry is booming, and there are plenty of ways to profit from it. Whether you’re a personal trainer, gym owner, or manufacturer of fitness equipment, there are opportunities for you to make money. This blog post will discuss 10 of the most profitable ways to capitalize on the fitness industry.
1: Personal Trainers
As the fitness industry grows, so does the demand for personal trainers. If you’re a certified personal trainer, you can start your own business or work for a gym or studio. The average hourly rate for a personal trainer is $60, but it can range from $30 to $100 per hour, depending on your experience and location. There are a number of online courses like https://www.americansportandfitness.com/products/pilates-certification where you can do to expand your current skillset
2: Gyms and Studios
Opening your own gym or studio is a great way to profit from the fitness industry. According to the International Health, Racquet, and Sportsclub Association (IHRSA), the health club industry was worth $30 billion in 2017 and is expected to grow to $32 billion by 2020.
To open your own gym or studio, you’ll need to research the competition, find a prime location, and secure financing. Once you’re up and running, you can offer membership packages, personal training services, group classes, and more. Be sure to advertise your new business to attract new clients!
3: Fitness Equipment
If you’re in the business of manufacturing or selling fitness equipment, you’re in luck. The global fitness equipment market is expected to reach $12.16 billion by 2025, growing at a CAGR of more than four percent during that time.
There are many different types of fitness equipment on the market, from treadmills and ellipticals to free weights and strength-training machines. You can sell your products through brick-and-mortar stores, online retailers, or directly to consumers.
4: Fitness Apps
Fitness apps are another growing area in the fitness industry. According to Statista, there were approximately 33,000 health and fitness apps available for download in 2018 and that number is expected to grow to over 50,000 by 2022.
5: Online Fitness Programs
If you have a passion for fitness and knowledge of exercise, you can create your own online fitness program. This is a great business opportunity for personal trainers, coaches, and other experts in the fitness industry.
Creating an online fitness program requires planning, filming workout videos, and promoting your program through social media and other channels. Once your program is up and running, you can sell access to it through a subscription service or one-time payment.
6: Nutrition Programs
In addition to exercise, nutrition is an important part of a healthy lifestyle. If you’re a Registered Dietitian Nutritionist (RDN) or have other expertise in the area of nutrition, you can create your own nutrition program.
Similar to an online fitness program, creating a nutrition program requires planning and promoting your program through various channels. Once your program is up and running, you can sell access to it through a subscription service or one-time payment.
These are only a few of the many ways you can profit from the fitness industry. With some research and creativity, you can find an opportunity that’s right for you.