raising prices

You’re stressed out, feeling uneasy but know you need to make a change. Your livelihood is on the line!

Should you raise your rates or keep them where they currently are? Are you making a big mistake if you raise them? Or is this what you are supposed to do? What’s the best plan of action for yourself and your business?

These worries and questions are normal when you are running your own personal training business. While your business should always focus on providing the best and most effective fitness training, it’s also imperative that you structure your income to reflect your worth (and needs) as well.

Check out these three key points if you are currently facing this situation in managing your own training fee structures:

1. Loyalty– Most of your clients have probably been training with you for years. Some may have even travelled to various locations to train with you. They know your value, and they keep coming back. You’ve established a strong relationship built on true loyalty, from both sides. Given this, you can confidently determine a fair price increase for your training, and implement it accordingly. Everyone wants to get paid for what they deserve. Your clients would expect to receive raises over time from their own employers as well. They will understand your desire to give yourself a raise because they respect the great work you have given them over the years. This should not make them upset or angry with you. Your clients want the very best for you. It’s with that shared sense of loyalty that you both want to see one another succeed! This should give you the confidence to be able to talk honestly with your clientele.

2. Your Needs– Being a good fitness professional usually means placing your clients’ needs before your own needs. For example, you may train your client very early in the morning to accommodate their schedule when you could’ve slept longer. Secondly, maybe you put off having a regular sit-down meal because you had multiple client appointments. Whether it’s providing additional “homework routines” outside of in-person sessions, ongoing general exercise advice, or again creating flexibility in your own schedule to accommodate their sessions – you are likely often placing your clients’ needs first even before your own. Now remember your own needs. Your rent might have just gone up, your child may need to buy an instrument for school, or you might need to purchase new gym equipment. Just as you adjust and adapt to your client’s ever-changing needs, you have needs, too. Remember, this is still a business that you are running. Your financial needs do matter. So embrace the right to increase your income to align with such needs!

3. Your Worth – Remember why you deserve this raise. Remember why you are so good at what you do. Remember all of the education, time, and energy you have spent to make yourself the best fitness professional you can at this very moment. No one can do what you can do. You are irreplaceable as fitness professional. You are making your clients’ lives and the lives they touch that much better. You are worthy of the salary that you desire and deserve. While speaking to your client about this raise – keep the phrase in the back of your mind that “you are worthy.”

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