Fitness is a multi-billion dollar industry. Thanks to a growing body of scientific knowledge people are becoming more and more aware that not having healthy eating and exercise habits is an easy way to, as John Cleese puts it in the famous Monty Python skit, become an ex-parrot. Fitness facilities and health professionals the world over are trying their best to keep people from meeting their own heavenly flock, and according to Statista.com, in 2016, the UK saw the health club industry turn over £6.1 billion.
Now among those working within the wellness industry there are a group of warriors dedicated to helping people reach their full physical prowess. Some call them yoga or dance instructors, others call them coach, others might call them Matt or Katy, whatever they are being called, personal trainers have carved out a meaningful niche within the franchise of feeling good.
By 2020 personal trainers across the UK are expected to make a collective turnover of around £670 million. If you are thinking of becoming a personal trainer you must be wondering exactly how much of this you could be taking home for yourself. But before getting into that, one needs to consider the different types of trainers one could become.
Personal Trainers Earning Potential
TYPES OF PERSONAL TRAINERS
Like most professions the amount that you earn depends on your experience and the quality of the product or in this case, the training, you are providing. Having some sort of accredited certification definitely affects the amount that you earn. Getting a qualification immediately gives you a better chance at charging higher rates.
A trainer often, throughout their career, if not from the start, tends to lean towards a particular type of fitness training. Being considered an expert in the fitness world is perhaps the ultimate goal of a trainer as this means they not only have the skills to work with top athletes but that they are ready to pass on their own knowledge as teachers themselves.
Generally there are considered to be at least three types of trainers: self-employed, employed and freelance.
A self-employed trainer is considered to be taking the most risks within the professional world. They are going out on their own, often without the help of a gym or health and wellness centre. However, they are also considered as potentially the highest earners.
The risks most often include not having enough clients when one decides to go it alone. Or enough experience. It is essential to be considered within a fitness community as someone who really knows what they are doing. People will seek out your expertise.
Many successful self-employed trainers with a good business sense can become six figure earners. This allows them to think big and employ other trainers along the way so that they can take on more clients and effectively craft a particular brand of their own.
A self-employed personal trainer may be specialized in something like yoga or Pilates, or may run boot camps or have their own online business. The amount they earn depends entirely on how many clients they get and how much clients are willing to pay for their particular style and method of training.
Make sure that you have all your boxes checked. By this stage you may have acquired a broad range of skills so that you can offer specific services like massage and other rehabilitation therapies, nutritional advice and strength conditioning. At this stage your employees may even take on more of the actual training itself, so that you have time to focus on other income streams within your business. These may include endorsing your favourite brands of workout equipment or selling nutritional products, starting up a media franchise and so on.