Which we actually want to do. We only want people who are sure of wanting to be there. Remember this isn't someone struggling along doing 5hr PT sessions a week. He's doing 50hr. To avoid burnout, this guy wants to make sure that the people working with him all really want to be there, or at least as many as possible. The newbie trainer has to take the half-arsed clients, the experienced busy one doesn't.
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04-12-2014, 12:44 AM #31
- Join Date: Jun 2009
- Location: Melbourne, Victoria, Australia
- Posts: 9,482
- Rep Power: 0
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04-12-2014, 01:51 AM #32
Just because I did this recently - I raised my rate by $10/session because I realized I was underpricing myself and my business was well established in my new city after a year and a half. What I did was allow my old clients to buy as many sessions as they wanted at the old rate, then on x date it went up to the higher number. Older clients didn't feel cheated because they could purchase at the old rate for the lower price.
I didn't lose anyone over that - however, I'm quite sure that if I suddenly said that they were going to train with someone else that I might have. Part of my business model is one on one and focused attention, not group stuff.
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04-12-2014, 05:49 AM #33
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04-12-2014, 03:42 PM #34
- Join Date: Nov 2008
- Location: A house on a hill, Australia
- Posts: 6,931
- Rep Power: 18228
This.
And this.
That's your insecurity talking, not reality. 90% of trainers think that if they increase their prices, their clients will be offended. 90% of clients expect prices to increase over time, and so long as you handle the situation tactfully and have good reason to increase your prices (that reason being a demonstrable increase in value -- and as you train people you should get more intentional experience and continue learning, allowing you to consistently provide more value over time), they will think it's fair for you to increase your prices a little bit each year (at least keeping up with inflation).SQ 172.5kg. BP 105kg. DL 200kg. OHP 62.5kg @ 67.3kg
Greg Everett says: "You take someone who's totally sedentary and you can get 'em stronger by making them pick their nose vigorously for an hour a day."
Sometimes I write things about training: modernstrengthtraining.wordpress.com
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04-12-2014, 05:03 PM #35
Thanks everyone for the answers everyone makes really good points but this is what I am going to do. I dont want to rattle my core base. They are funding all my living expenses and my internet projects to get off the ground now so even though Im working around the clock this is not the plan forever. New clients will be paying an extra $10/session so $70/hour or $50/hour paired up. So the new transition will only happen for new clients at this point or they will be able to choose if they want to pay $50/hour but trained with somoene else. So yes they will get preferrred treatment. I can live happily for many years if I just keep my current core without adding anyone. I will also hire someone else to take new people who will charge $60/session and I get $20 of it. If i piss off even say a couple of clients and they leave I just lost $360/week or $1440/month which was guaranteed income. Gonna play it safe for now....
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04-12-2014, 05:53 PM #36
- Join Date: Dec 2009
- Location: Maryland, United States
- Age: 37
- Posts: 181
- Rep Power: 190
I run a web development business and investor in a group training business. My thoughts? You have to separate your passion from the business aspect. Either you're a trainer who does it primarily for the enjoyment, in which case you shouldn't be running a business - find someone to employ you.
If you are primarily a business owner, understand that your business won't succeed if revenues don't exceed costs(including market compensation for yourself) Depending on your ability, effectiveness, and area, set your prices accordingly, including annual inflation which all businesses factor in. Some clients may say they can't afford it and that's okay. Do you know a newer trainer/subcontractor that is competent or lower priced - refer to them. It's not your business whether they truly can't afford it or simply can't see the value in it outside of you educating them on the costs down the road of poor health(quality of life, doctor bills, medicine, etc.) If they see the value, they'll find a way to pay.
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04-13-2014, 05:27 AM #37
No fk'ing way I would ever separate my passion from the business as I feel that's a major selling point for myself. Who wants a passionless trainer? But yeah I am looking at this from a business perspective, and in fact in the past year and a half I've gone from no clients with long 8$ an hour floor shifts to 6 figure income. Like I said, if the goal is to push someone out, raising prices is an okay idea. I'm referring new clients now that can't afford me to newer, lower priced trainers..... not my old clients that I'm pricing out now.
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04-14-2014, 05:59 AM #38
My electricity company keeps raising their prices every year. My supermarket shop goes up every year. Is that Tesco showing disrespect? No and since all those costs are going up, I have to up my rates. This is not disrespectful at all. Most of my clients get a pay-rise every year, why would I not give myself one when I start getting too busy?
Do you have a stable clientele? What's gonna happen if you raise prices, no one new wants to sign on at those prices and your old people have started to get annoyed with you demanding more money from them? You're putting yourself in a bad position.
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They understand that I have to raise the rates every now and again as I explain things to them in a nice and polite way. Most of my clients are also very high net clients and they honestly don't give a crap about an extra £5 or £10 and hour as long as I offer them a tremendous service. A PT doing 60+ hours a week who is burning out will stop preparing sessions properly and his/her standards will slip. That's what makes clients unhappy. My clients don't have that issue, they have a PT who is focused on them.
Your statement just doesn't make any sense to me, unless you're afraid that your existing clients will all jump ship if you up your rates every year or so. But that's more of a problem with your retention or your confidence in your own ability.
Really your clients will understand.High quality Home Personal Training in Edinburgh, UK.
www.castlepersonaltraining.com
Look us up on ******** "Castlepersonaltraining" or just look me up "Peteratcastle"
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04-14-2014, 06:04 AM #39
Fair enough, more than one way to skin a cat. At the end of the day any successful PT should be proud of being able to pay the bills by being a PT. I know too many guys who can't make a living being a PT and do it as a side-line (whilst of course telling everyone they are a PT )
TBH, if you charge $60 an hour and do 50+ hours a week you're absolutely killing it.
Well done.High quality Home Personal Training in Edinburgh, UK.
www.castlepersonaltraining.com
Look us up on ******** "Castlepersonaltraining" or just look me up "Peteratcastle"
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04-14-2014, 06:41 AM #40
I've been working with a personal trainer since December. Started out doing 1 on 1 (not sure what your rates are, but he charged me $45 an hour which is a steal) which was good since I hadn't really been lifting for a couple years. Then due to scheduling conflicts I ended up joining two other guys and honestly it really hasn't made a difference in the workout. He charges $45 an hour for 1 on 1, $35 for two people, $25 for three people, and after that it becomes a class. I definitely enjoy it more and it benefits us both - even though he's charging less per person, he's making more per hour, and I still get the personal supervision I need at a lesser cost. Best thing I could've done.
I'm super serial
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