Simple Metrics for Gym Owners
Many gym owners ask: Is selling apparel worth the effort? The answer lies in tracking a few simple metrics that show whether your apparel strategy is on point.
Here are 3 key stats to track:
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Percentage of Members Who Purchased Apparel
- How to track: Determine the total number of gym members. Then, see how many apparel items you sold in the last order.
- Example: 100 members, 35 pieces sold = 35%
- Goal: 20-30% of members per order
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What to do:
- If you're above 20-30%, keep up the good work.
- If you're below 20-30%, it's likely a marketing consistency issue. Book a free 10-minute call, and we’ll fix this quickly.
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Number of Apparel Orders Completed
- How to track: Count how many apparel orders you ran this year.
- Example: Memorial Day, Summer, and Fall orders = 3 orders
- Goal: 3-5 orders per year
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What to do:
- If you ran more than 5 orders, be cautious—more than 6 may lead to burnout.
- If you ran fewer than 3, aim for 3-5 orders to maximize impact and profit.
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Profit from Apparel Sales
- How to track: Subtract the cost of the apparel from the selling price.
- Example: Shirts cost $15, sold for $30 = $15 profit per shirt
- Goal: $3,500 profit per year
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How I determined this goal:
The average order size is 52 pieces with a $14 profit per item. Running 5 orders a year makes $3,500 a very achievable target.- If you're already above $3,500, keep doing what you're doing.
- If you're below $3,500, it’s time to make some tweaks. Trying to go it alone or copying other gyms’ ideas won’t get you there. Let’s discuss how to improve your process.