Do you want to become a personal trainer Melbourne in Victoria Australia? One of the most important things you have to think about is how to charge for your services. Two main fee structures you will use for your business are a flat fee and hourly fee contract service agreements. Some personal trainers combine the two structures to charge for their services. It is a good idea to offer a variety of service agreements to clients and hourly rate structures - but don’t offer a lot of pricing structures as this may confuse your clients.
Your fee structures should be simple and with enough options to suit both the ability of your clients to pay and their fitness needs. Getting the perfect rate that is not too high or too low is a challenge for most trainers. Here are a few factors you will need to consider as a personal trainer in Melbourne Vic.
Overhead
You need to consider various costs involved in operating your personal training business such as payroll, mortgage/rent, taxes, insurance, debt service, advertising, professional services, utilities and more. Professional services may include lawyers, accountants, office supplies and more.
Desired income
You need to consider what you want to take out of the business. This will depend on the structure of the business and it can either be the net profit of the business or your salary.
Capacity
You need to consider how much you can reasonably expect to be working with your clients. You should also figure out how many billable hours you will have. For example, if you are working with customers in their homes, travel time won’t be billable. Think about the hours you can expect to be working as a personal trainer Melbourne in Victoria Australia. You will also need to spend time managing your business and these are not the hours you can bill to your clients.
As the lockdown period eases down and gym and health clubs slowly start reopening, many commercial gym owners are preparing to welcome their customers back.
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