I found the key to (financial) success in the business of boxing is this distinction: The sport is
why I own a boxing club, but it's not
how I own boxing club.
Want to supplement your income without cheapening your brand? Tip number one: Partner with college athletic teams!
My gym is directly located between two major universities, and one of my instructors just happens to be involved in the athletic department of one of those universities. As a result, we've trained the following teams: Football, Men's Soccer, Women's Soccer, Men/Women's Swim and Dive Team, Women's Lacrosse, Field Hockey, Softball, and Golf. We're currently lined up to train the Sail Team and Dance Team. This is all in an 11 month span mind you.
With Football, we trained 75 players four times in the month. It's a well-respected program that brought additional income to the gym (we charge $10 a head for private groups with $100 minimum), introduced 75 athletes to our facility, and made for a fantastic social media opportunity. We have 75 members of the team pose for pics and then tag the gym in their post. That brings a HUGE number of new eyes to the gym. From there, I'm able to use the post as a resume of sorts when I go to approach the other university in the area. I can show their athletic director that I trained X number of teams, and show what I can do for their programs.
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