So you want to start an Affiliate gym, but you’re not sure where to start? You’re probably wondering things like:
How much does it cost to start up a gym? How much money do you make owning a group fitness training program? What are the steps to opening a gym? Where can I get a loan?
Don’t worry. We’ve got you covered.
1. Starting a Gym
David Osorio, from Inside the Affiliate, gives some practical thoughts about starting strong from the ground up. It’s a little dated, but very much relevant for today’s new owners.
2. Economics of an Affiliate Gym
The team over at Investopedia put together a great article helping potential owners understand the risk/reward of opening a group fitness gym.
3. The Cost of Affiliation: Is it worth it?
BoxRox, one of our favorite outlets for competitive fitness information, offers their perspective on the benefits of becoming an Affiliate.
4. 10 Tips for starting a Box
Fundera is a website for small business loans. They keep an up-to-date list of tips and have resources to help gyms get off the ground.
5. How much does a gym owner make?
Affiliate gym owners can make a very nice salary. That doesn’t mean you will make six figures overnight.
In the beginning, a gym owner’s salary depends on factors like: number of owners, consistent membership growth, loan/debt requirements, monthly rent, number of coaches, equipment maintenance, and various fixed operating costs.
Often times, group fitness gyms are profitable within the first year of operation, but this requires a lean approach when you start up, efficient customer acquisition strategies, and consistent growth month-over-month.
Convinced you are ready to start a new gym? Awesome!
Kick-start your planning with this awesome Medium article written by Breaking Muscle: Everything You Need to Know Before Opening a Gym.
Finally, if affiliation is your end-goal, go ahead and check out how to submit your Affiliate Application.