Are you a gym owner looking to increase your revenue and sell more personal training packages? Look no further than POS financing. Here are the top 10 reasons why POS financing can help your gym sell more and bigger personal training packages:
- Upfront Training Fees – POS financing allows gym owners to collect training fees upfront. This means that instead of waiting for payment after each training session, gym owners receive payment for the entire package upfront. This results in a significant increase in monthly cash flow for gym owners.
- Increased Cash Flow – As mentioned above, POS financing provides gym owners with increased cash flow, which can be used to invest in new equipment, expand the gym, or hire additional trainers.
- More Personal Training Sales – By offering POS financing, gym owners can make personal training packages more affordable for potential clients, which can result in more sales. This is particularly true for clients who may not have the funds available to pay for the entire package upfront.
- Larger Personal Training Packages – POS financing also allows gym owners to sell larger personal training packages, as clients can spread the cost over a longer period of time. This can result in more revenue for the gym and more consistent income for trainers.
- Quick and Easy Application Process – The application process for POS financing is quick and easy, which means clients can receive financing within a matter of minutes. This can result in faster sales and more revenue for the gym.
- Flexible Repayment Terms – POS financing offers flexible repayment terms, which means clients can choose a payment plan that works best for them. This can result in more sales and more clients for the gym.
- No Risk to Gym Owners – POS financing is a no-risk option for gym owners, as the financing company assumes all of the risk associated with the loan. This means that if a client defaults on the loan, the financing company will take on the loss, not the gym owner.
- Increased Client Satisfaction – By offering POS financing, gym owners can make personal training packages more affordable for clients, which can result in increased satisfaction and loyalty. Happy clients are more likely to refer their friends and family to the gym, which can result in more sales and more revenue.
- Partnering with Fitness Management – Finally, gym owners who partner with Fitness Management for POS financing can benefit from their expertise and experience in the industry. Fitness Management has over 20 years of experience helping gyms grow their businesses, and they offer a range of services and resources to help gym owners succeed.
- Eligibility Criteria – To qualify for POS financing with Fitness Management, gym owners must have been in business for at least one year and have annual revenues of at least $250,000.
In conclusion, POS financing can be a game-changer for gym owners looking to sell more and bigger personal training packages. With increased cash flow, more sales, and more satisfied clients, it’s a win-win for both gym owners and clients. If you’re ready to take your gym to the next level, contact Fitness Management today to learn more about their POS financing options.
An Outsourced CEO and expert witness, Jim Thomas is the founder and president of Fitness Management USA Inc., a management consulting, turnaround, financing and brokerage firm specializing in the gym and sports industry. With more than 25 years of experience owning, operating and managing clubs of all sizes, Thomas lectures and delivers seminars, webinars and workshops across the globe on the practical skills required to successfully overcome obscurity, improve sales, build teamwork and market fitness programs and products. Visit his Web site at: www.fmconsulting.net or www.youtube.com/gymconsultant.