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Hi, I was looking for some suggestions on what type of business I could start with 90k in the fitness/ health industry. I'm open to all suggestions. I'm passionate about this area and I'be racked my brain thinking. I appreciate all of your feedback!
My advice would be to open a health club/gym! A close friend of mine opened his facility about two years ago, and with lots of hard work, he was able to quit his day job and works for himself full time!
A gym can be a nice business, but they can and do fail. I open up medical offices, the majority of which I do or $90,000 or less.
Gym's are not unique anymore since there are lots of fitness clubs wherever you go. I suggest you think of a much more unique way to help people stay healthy and fit. New techniques in staying fit will do.
Thanks for the replies. Yea I was thinking if I were to start another Gym in the area it would need to be unique. I personally think the other local Gym is rather boring. My biggest concern would be if that $ 90-100k is enough to get it going.
Do you guys know of a few great ways to research the market for something like this. Maybe some websites or products that would be available??
I'm 25 years old and this would be my first go around at a business. I really don't want to screw it up by JUST following my passion if the area can't sustain it.
I could use tons of information right now, if you guys have any more suggestions I'd appreciate your feedback.
Thanks a lot.
I've only read about gyms from sites I found via Google. But how far that 90k would take you depends heavily on the area you'd open this gym. I've read that it can take at minimum $250k. You have to realize that you need physical space (lease or new construction?), a lot of equipment, contract for equipment maintenance, and I'd bet a lot of liability coverage. Then you need all the typical stuff like accountants, lawyers, etc. That 90k will dry up quick.
You also can open an store online to try and set a website to sell it to start .
I think it's important to decided whether not you're set on going brick and mortar if you're more set on making a presence on the internet. Do you have a favorite type of fitness/health niche? Personally I think gyms are a pretty big undertaking and it's best to find a smaller niche with a higher demand for products/services.
You don't need 90k to have a successful fitness business - you need clients!
My son operates fitness bootcamps and he put in less than 5k to get started. Bootcamps are the secret because you can charge less per person but coach more people at once = therefore you make more per hour.
Bootcamps are easy to market ( www.increasegymmembership.com ) and people love them because it is a group activity. They talk, they challenge each other, they push each other, etc. If you have the right personality you can be very successful running bootcamps. Start up by running Sat morning bootcamps in the park, hook up with a local business with a large open space you can rent inexpensively, or lease a small section of a big wharehouse type building. Low overhead!
Sell health products in addition to running the bootcamps - especially weight loss and energy drinks - you can contact me directly if you want to talk with my son and get going on the right money making track.
Just my opinon,
Coach Glenn
You're getting shitty responses. Part of the reason you're getting shitty responses is because you're not asking the type of question someone who knows what they're talking about can answer.
You're asking the "I want to make money, what should I do" type of question. If you've got $90k at 25 lying around, you're obviously smarter than that.
Spend some time writing out some ideas of some examples of things you are thinking. Then, you'll be able to get feedback as to why something is or isn't a good idea, and why. This will help you start going in the right direction.
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