Make More Money, Work Less Hours
Ever wonder how some trainers work minimal hours but still manage to live with all of the extras? The one’s you see driving fancy cars, sporting new clothes and taking time off to head off to exotic destinations. How do they do it? They do it by developing multiple sources of income that will pay them whether they are at work or traveling the globe.
If you limit yourself to only personal training, you will only get paid for the hours you work. Under this business model, you limit your income potential because you can only work so many hours in any given day. What makes this model worse is if you don’t work, you don’t get paid.
What happens when you get sick? or you need time off?
The health and wellness sector is evolving into a trillion dollar a year industry. If you apply the principles of leverage and residual income, you can claim your piece of economic freedom. With a little energy, enthusiasm and strong work ethic, which you already possess as a personal trainer, you can lay the foundation for a lifetime of income.
Being knowledgeable in the area of health and wellness, you can supplement your income by writing articles or books. More than likely you won’t get paid while you are writing but once it is written you’ll make money every time your article is printed or your book is sold. Take your favorite author for example. They invest their time and energy writing the book once. But once the book is published, they make money every time someone buys their book. The author can be traveling, sleeping or even working on another business all together, and still be getting paid. Even long after they have passed away, their families still benefit from their work. Finding ways to earn residual income allows you to create wealth not only for yourself but also your loved ones for generations to come.
Another great way to increase your income potential is to have other trainers working for you. If you work alone as a trainer the maximum you can earn is your hourly rate. Employing trainers allows you to make money from their clients. For example, let’s say you employ five trainers on the floor, charging $80 per session. If they give you a 50% cut on each session, you are looking at $200 for an hour if all five are training at once. That’s on top of what you are earning for training your clients. The beauty is that even if you aren’t there, you still get paid. With a bigger network, you’ll have better success with other streams of income that includes sales of fitness clothing and nutritional supplements.
If you’re ready to take your game to the next level grab a copy of the Personal Trainer’s Secret Weapon.
These multiple streams of income will give you the freedom you’ve always wanted. You too can be that trainer with the flashy car and fly gear, sipping cocktails on the beach.
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I added your blog to bookmarks. And i’ll read your articles more often!
Valuable thoughts and advices. I read your topic with great interest.
I really like your blog and i respect your work. I’ll be a frequent visitor.
great post casey, you are right when you mentioned to apply the principle of leverage, it covers a lot of angles from health to wealth, i wanna quote what you said that “With a little energy, enthusiasm and strong work ethic, which you already possess as a personal trainer, you can lay the foundation for a lifetime of income.” this is the vital word that leads to time and financial freedom.
As they say it, “Work smarter, not harder.” Especially in these times, people ought to be very resourceful in their careers. My only worry is that, can there be enough trainers willing to work for you?
Keep putting up that very informative post and Ill keep checking it out