Ever wonder how some trainers work minimal hours but still manage to live with all of the extras? Those people you see parading their sleek wheels, strutting fashionable clothes, and jetting all over the globe. How can they pull that off? They do it by developing multiple sources of income that will pay them whether they are at work or traveling the globe.
If you don’t look further than personal training, you’re only getting paid for each hour you train. Under this business model, you limit your income potential because you can only work so many hours in any given day. What makes this model worse is if you don’t work, you don’t get paid.
What about if you get hurt or sick? or you need time off?
The health and wellness sector is evolving into a trillion dollar a year industry. Economic freedom comes from the application of leverage and residual income, and it can be yours. With a little energy, enthusiasm and strong work ethic, which you already possess as a personal trainer, you can lay the foundation for a lifetime of income.
Being knowledgeable in the area of health and wellness, you can supplement your income by writing articles or books. Most of the time, money does not come while you work on the manuscript or article but once it gets published you’re rewarded each time it’s used. Take your favorite author for example. He/She dedicates time and effort to create a manuscript.
However when the book gets published, they start raking in the money for each purchase. A literary writer can be doing whatever he or she wants, wherever and whenever, and yet they continue to receive income. They may be dead in the future but their heirs will continue to collect the money for their work. Finding ways to earn residual income allows you to create wealth not only for yourself but also your loved ones for generations to come. Always think of extra ways to earn income for your personal trainer business.
Another great way to increase your income potential is to have other trainers working for you. Working alone as a fitness instructor will mean that you’re limited to hourly pay. Employing trainers allows you to make money from their clients.
For example, let’s say you employ five trainers on the floor, charging $80 per session. If each of their sessions nets you a 50% cut, then you now have 200 bucks per hour if they all train at the same time. That’s on top of what you are earning for training your clients. The beauty is that even if you aren’t there, you still get paid. If you have a larger network, there’s a huge potential for you to harvest more money from fitness-related businesses like clothes, gear, and nutritional supplements.
Multiple streams of income are how people live the lifestyles you dream of. You too can be that trainer with the flashy car and fly gear, sipping cocktails on the beach.
Ready to grow your Business?
A six-figure personal trainer job does exist. You just need to know where to look and how to market yourself.
Proven fitness marketing strategies are key in having a thriving Personal Trainer Business.
Want more expert advice on growing your fitness business. Check out these personal training articles.
