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January 30, 2010
Fitness Instructors, Want To Create A Bigger Income AND Free Time?
How is it possible that some fitness professionals spend minimal time at work while living it up in their free time? The ones you see driving fancy cars, sporting new clothes and taking time off to head off to exotic destinations. How can they pull that off? These people achieve that lifestyle by harnessing different income sources that can sustain them wherever they may be.
If you don’t look further than personal training, you’re only getting paid for each hour you train. In this scenario, income is limited since people can only allot a certain amount of time each day for work. What sucks is that once you stop working, you stop earning.
What happens when you get sick? or you need time off?
The industry of health and wellness is skyrocketing into a trillion dollar a year generator. You can start breaking away from being a work slave by learning how to properly leverage your time and harnessing ways to secure residual income. Being a fitness trainer who possesses energy and great work ethics, building your own lifetime income source is only a matter of time and application of specific knowledge.
One way to add extra income, and possibly residual income, is to write articles or books about health and wellness. 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. Think about your favorite writer. He/She dedicates time and effort to create a manuscript.
The real business starts when the book finally gets out in the open and people buy it, because the author then makes royalties. 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. Discovering residual income sources will enable you to make money for you and your loved ones in the future. 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. If you work alone as a trainer the maximum you can earn is your hourly rate. Hiring other instructors can enable you to earn more money from their clients and classes.
For example, let’s say you employ five trainers on the floor, charging 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 become a better Fitness Professional?
Six-figure personal trainer jobs exist. You just need to know where to look and how to market yourself.
Refresh and rejuvinate your personal trainer business with these fitness marketing ideas.
Want more expert advice on growing your fitness business. Check out these fitness articles.