Rentals are a major source of income for most of our sports facilities. They’re also a nice complement to the services that require more energy to run, such as classes and camps. However simple rentals may seem, though, they’re also more likely than any other service to ruin your profit margins. Use these best practices […]
This was the activity in my cages one Saturday morning this past winter: A few classes, rentals, and lessons – not bad – but even on a busy day, the cages are rarely booked solid. Most sports academies end up with some last-minute openings that could be filled by rentals, even when they’ve done plenty of marketing. Use […]
Private lessons are a huge moneymaker for most of our sports facilities. But that means bad habits in lesson scheduling can drain significant money from your business – losses that you may have never even noticed. Here are the most common bad habits I’ve noticed when it comes to hosting private lessons at sports facilities. Mistake #1 – Letting instructors schedule […]
Most sports facilities offer private, one-on-one training, whether it’s in the form of sports-specific lessons for kids, speed training for serious athletes, or personal training for adults trying to get in shape. However, the way these lessons are regulated and paid for varies a lot from facility to facility. Your own practices probably depend on your business size and […]
Any sports facility with an open field, turf or court area can monetize its space in several ways. Running group instruction in the area or splitting up the space for private or semi-private instruction are typically the most profitable options, but those options alone won’t fill the space for all of its optimal hours. Rentals […]
Private lessons can bring in a lot of money at your sports facility, particularly if you have well-known instructors on staff. Most sports facilities that offer private lessons have policies in place that pay the instructor a commission on each lesson, either by a flat rate or a percentage, based on the value of the lesson. […]