Are you a gym owner struggling to sell bigger membership packages or personal training packages? Do you have customers who are interested in your services, but are unable to afford them upfront? If so, then point-of-sale (POS) financing may be the solution to your problem.
POS financing is a type of lending that allows customers to finance purchases at the point of sale, or checkout. This means that instead of paying for their gym membership or personal training package in full upfront, customers can pay in installments over time. This additional flexibility not only benefits the customer, but it can also help you, the gym owner, sell bigger packages and improve cash flow.
One of the biggest advantages of POS financing is that it allows you to get paid up-front. Instead of waiting for customers to pay for their memberships or training sessions over time, you receive the full amount upfront from the financing company. This means that you have immediate access to the funds you need to operate and grow your business.
In addition, POS financing can help you sell bigger membership packages and personal training packages. With the ability to pay over time, customers are more likely to consider and invest in larger packages that they may not have been able to afford upfront. This means that you can increase your revenue and profitability by upselling customers on larger packages, while also providing them with the flexibility they need.
Furthermore, POS financing can help you attract new customers who may have been hesitant to join your gym or sign up for personal training due to financial constraints. By offering financing options, you can make your services more accessible to a wider range of customers, which can help you grow your business and increase your customer base.
If your gym has been in business for at least one year and has annual revenues of 250K, then now is the time to consider POS financing. With this financing option, you can improve your cash flow, sell bigger packages, and attract more customers. So don’t wait any longer, contact us today to get started and take your gym to the next level.
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.