Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$75

$5,286

Training & Education Expenses

$0

$1,000

Total Startup Costs

$6,211

$44,347

Wellness Amplified

wellnessamplified.com

2,781,113

Dr. Daniele Trevisani International Trainer, Cross-Cultural Trainer, Speaker, Consultant, Writer

danieletrevisani.com

3,497,443

Dream Fitness Client Academy

isaiahjgrant.com

8,130,715

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Traffic to your website

A fitness-focused marketing consultancy gives people a reason to visit your website and to keep coming back to you!

Meaningful business connections

You never know who you will meet as a fitness-focused marketing consultancy. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Pick & choose the clients you work with

Fitness Focused Marketing Consultancyes have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Longer Sales Process

A fitness-focused marketing consultancy can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Low margins

The gross margins for your fitness-focused marketing consultancy are typically around 30%, which can make it more challenging to incur new expenses and maintain profitability.

Taxes

As a fitness-focused marketing consultancy, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With becoming a fitness-focused marketing consultancy, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.