How gyms are creating new profit channels renting equipment
With all the uncertainty swirling around us at the moment, we have been forced to put much of our lifestyle on hold. Being a lifetime workout enthusiast, I'm training at home like everyone else.
For many, getting disconnected from their local gym is frightening. It's that daily regiment of healthy food, exercise and supplements that help us deal with the stresses of life.
Now, more than ever, we need our gym family for support. With social distancing and new isolation requirements in place, it becomes harder to continue the workouts we know and love. Especially if they involve specialized equipment.
As a gym owner, being able to adapt and innovate is key. Many clubs are now renting equipment to customers and either including it in their monthly membership or charging an additional fee for service.
Coupled with live streaming classes, customers are starting to feel more connected to the gym community again.
The obvious issues with loaning out equipment start with being able to track, maintain and properly bill for it. The world changed overnight and supplying a new demand can create chaos. Organization and accounting can quickly become an afterthought.
Many clubs are resorting to multiple Excel spreadsheets for adhoc tracking because their club management software doesn't have this ability.
This is a perfect example of why you must be able to innovate quickly on an open source platform. Being able to quickly write a tool that inventories the equipment, identifies it's condition, tracks it's maintenance cycle, connects it to an existing customer profile and allows you to bill for it monthly would be awesome.
You can do that on GX.