TLDR;
This video explains how to achieve a £10,000 per month income as an online fitness coach. The key takeaway is to focus on building a strong monthly recurring revenue stream by charging the right price for your services and consistently enrolling new clients. The video also provides a strategy for encouraging clients to pay in full, increasing your overall income.
- Build a strong monthly recurring revenue stream by charging the right price for your services and consistently enrolling new clients.
- Encourage clients to pay in full by offering a small discount for upfront payment.
How to Achieve a £10,000 Per Month Income as an Online Fitness Coach (KdnXMYAa9Lg)
This video starts by outlining the typical pricing structure for online fitness coaching, which is around £1,500 for a 90-day program. The speaker suggests that new coaches may want to start with a lower price point of around £1,000. To achieve a £5,000 per month income, you would need three clients, and to reach £10,000 per month, you would need six clients.
Monthly Recurring Revenue (KdnXMYAa9Lg&t=197s)
The video then focuses on the importance of monthly recurring revenue (MRR). MRR is the amount of income your business generates on a month-to-month basis. Understanding your MRR allows you to predict your income for the upcoming month and build a stable financial foundation for your business. The speaker explains that MRR has a compounding effect, meaning that as you enroll more clients, your income will steadily increase.
Encouraging Clients to Pay in Full (KdnXMYAa9Lg&t=420s)
The video concludes by providing a strategy for encouraging clients to pay in full. The speaker suggests offering a small discount for clients who choose to pay upfront. This can be a powerful incentive for clients who have the financial means to pay in full, increasing your overall income and cash flow.