The following post is by JT of Cash Flow Mantra.
The whole purpose of this blog is to help you come up with ideas to make money on a part-time basis meaning about 2-3 hours per day or 15-20 hours per week. This can be done on the weekdays after regular employment, on the weekends, or even in some spare time when staying at home raising children. In order to make $1000 each month with that type of schedule, then we should target hourly revenue of $15. If that hourly income is possible, then it is a valid idea worth pursuing. Otherwise, you might as well get a second job.
Making Money as a Personal Trainer
As I am writing this, I am still somewhat tired from working out with my personal trainer which got me to thinking about how it might be possible to make some extra money each month encouraging others to work out. The place I exercise has a somewhat unique set-up as far as gyms go. It is actually a private, appointment only facility which requires you to work out one-on-one with a trainer. The appointments are usually scheduled such that you are the only one in the gym at the time which is a room about 12 feet by 30 with about 6 or 7 machines on a side.
The program is a high intensity workout with 5 or 6 exercises each session and a set consisting of 10 second positive and 10 second negative repetitions. The total time for the session is 20 minutes once per week. For this time, I pay $36 per session. It seems like this is a comparable rate to what Crystal’s husband is paying, so let’s assume this type of revenue is fairly standard.
Doing the math: $36 x 3 sessions in an hour = $108 per hour!
But We Need to Consider Costs
I spoke to my trainer about this and learned that there is a personal training certificate. He studied for an exam and became certified as a personal trainer. At this point, he went to work for the facility and is able to earn an hourly wage. By going through additional classes on high intensity training, he was able to move into a tiered earning system and work on a commission. He wouldn’t share what percentage cut he gets, but even if it is just 30%, that is still $32 per hour which more than qualifies for our Grand Per Month criteria.
As far as the certificate goes, the National Council on Strength and Fitness administers the test for $199. Various study aids including books, flash cards and practice tests are available priced at $29 up to $110. There are also home study courses and workshops available for a few hundred dollars. All-in-all, you could expect to spend on average about $500 to get certified, which really isn’t that bad considering the costs of higher education these days.
Bringing Value to the Equation
How might you be able to convince a gym owner to hire you or even pay for your certification? Introduce a situation where you can create added value for the gym owner, a win-win proposition. If I were wanting to become a personal trainer at the gym where I exercise, I would approach the owner with the following offer:
Allow me to use the facility at a time that no one else typically uses it. The latest workouts usually occur around 6 or 6:30. There are many times that I have to reschedule since I am unable to get out of work on time. On Saturdays, the place is usually closed by noon.
If I were wanting to make some extra part-time money, I would offer to train others with busy schedules later in the evenings from 7 to 9 or on Saturday or Sunday afternoons. This is time when the gym is not ordinarily making any money. The fixed costs of renting the space and the exercise equipment are already spent. Any extra money for the gym owner goes straight to the bottom line. I can schedule around my full-time employment as can others who want to exercise but work during the week.
Now you have created a positive scenario for the gym owner, yourself, and potential customers. You have added value and increased revenue.
This is the type of creativity that we are trying to encourage with this site. So if strength, health, and fitness are important to you, consider the possibility of being able to make extra monthly income as a personal trainer!
In the next post Derek discusses how $1000 per month could change your life!