CEO Of Alloy Personal Training Rick Mayo: How To Build A Status Brand
As a pioneer of Personal Training and an expert in systems and scaling, having built a global franchise, Rick has a lot of insights to share on the evolution of the fitness industry and what the future looks like.
Rick and Matt talk about the different gym models and how they differ from the perspective of member experience and price points. Rick shares his thought on how the different fitness models need to do to succeed.
In addition to this, Rick shares his remarkable journey from how he started personal training in people’s homes to pay his way through college. He then opened one of the first facilities dedicated to one on one training. Due to a lack of systems, some staff left to set up their own studios taking some of his clients with them. This was the birth of a systemized process to training, programming, and gym experience.
Tune in to hear Rick and Matthew discuss fitness business models, fitness marketing and client experience, and what it takes to succeed in the fitness industry.
Key Takeaways
- The studio within a larger club concept, and this was key to maintain revenues (01:58)
- How experience differs between large gyms and studio models and what you need do (05:04)
- How to upsell from base memberships to coaching in a large group model (09:39)
- Success is like weight loss; you have to change your expectations or change your habits (13:38)
- Creating a franchise business through a systemized approach to training, programming, and experience (16:46)
- The formula to profitability and why you need to outspend your competition (22:53)
- How gym owners can market to an older demographic like the automotive does (30:35)
- The massive opportunity that lies in marketing to an aging demographic (38:30)
- How to have a viable virtual product for a personal training brand (55:00)
- Where the fitness industry is headed in the next two years (59:07)
Additional Resources:
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