239: 92% of People Are Investing in This Product: Why You Should Sell THIS in Your Gym | The GSD Show
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As a gym owner, staying informed on the latest trends and statistics in the fitness industry is crucial. In today’s episode of The GSD Show, industry expert Austin Foley discusses the latest trends and statistics in the fitness industry. As a tracking and marketing tool for fitness studios, Fit Pro Tracker is one of his favorites, and he shares his insights on the industry so that entrepreneurs can prepare for what's coming next.
From the average American spending $503 a month on health and fitness to the top 3% of spenders dishing out over $150 a month on supplements, the data is clear: people are investing in their health and wellness. By offering supplements in their fitness studios, gym owners can capitalize on this trend and increase their revenue. Foley also touches on the importance of energy supplements, with 92% of Americans investing in some level of energy supplement each month. With Fit Pro Tracker, gym owners can stay ahead of the curve and increase their revenue through targeted marketing and sales strategies.
In this video, you'll learn:
00:00 Intro
02:13 - What does the average American spend on health & wellness?
03:32 - Supplement sales statistics
05:04 - Selling supplements with urgency
05:53 - How the “Pros” leverage ancillary sales
06:39 - Weight loss supplement sales statistics
07:21 - Which state spends the most on supplements?
07:47 - Energy supplement sales statistics
08:41 - Protein supplement sales statistics
10:40 - The worth of the American fitness industry
12:19 - The lifetime value of a referral
14:41 - The conversion rate of a referral
Learn more about Fit Pro Tracker: https://fitprotracker.io/demo/?utm_source=Loud_Rumor&utm_medium=Web&utm_campaign=new_demos&utm_content=launch
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