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FITNESS, HEALTH, WELLNESS

features

Editor's Letter: Fighting for market share

Our industry has never been more in demand and it’s turning into a honey pot, which is attracting investment in services that compete with health clubs. How can we ensure our businesses and operations continue to compete?

By Liz Terry, Leisure Media | Published in Health Club Management 2017 issue 5
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members want access to expertise and to be able to use state-of-the-art equipment designed in light of the latest research into exercise science

H ealth and fitness is one of the fastest growing industry sectors in the world and as affluence increases, so do people’s ambitions to lead healthier and more energetic lives that are based on exercise and wellbeing.

The growing financial value of our market is constantly sucking in new competition, and with startups getting funding to tackle every possible aspect of the sector – from apps to AI and boutique studios to DNA testing – competition for the health-conscious consumer has never been more fierce or diverse.

Although many consumers assemble a healthy lifestyle with multiple memberships and supports – one or more gym memberships, the use of apps and additional specialist classes, for example – major new market types are emerging, and some of them, such as the home gym market, are going head to head with health clubs for consumer spend.

So how can we fight for market share and continue to carve out a place for the health club at the centre of consumers’ fitness universe?

I believe it’s time we switched our thinking from a focus on facilities to a focus on expertise and the provision of specialist equipment. If we’re to continue to thrive, we have to be offering customers a range of things they need (and desire) that they can’t get anywhere else.

We do have some aces up our sleeve, such as the social contact that members get at the gym, but for every member who enjoys this aspect of their club, there’ll be others who prefer to exercise in the comfort and convenience of their own home, so although the social scene can be a powerful motivator for loyalty, it isn’t a universal solution that presses everyone’s button. We need to do more.

Some industry trends could also undermine the success of our clubs if not mindfully implemented. One example – the move to virtual – is a powerful thing and when used well, can be a real asset to a club, but if the club’s own instructors are significantly weaker than those being offered by the virtual system, and that same option is available at home, there’s a danger that some members will stay there and bank their cash instead.

Similarly, if we only kit out our gyms with simple functional equipment that can be straightforwardly acquired for use at home, then members will start to question why they’re paying their monthly dues.

It’s clear that virtual and functional have a valuable part to play in today’s gym environment, however, the challenge is to integrate them effectively, balancing the offer to ensure we continue to create desire.

We need to remember that the expertise of our staff is a massive strength and that if we invest in great people and encourage them to build strong relationships with members, this will drive success and loyalty and give us an unassailable USP with which to battle for business.

If our staff are knowledgeable, motivating and working at the highest levels, then members will pay for access to this and value it as being complementary to all the other parts of their personal world of wellbeing.

In the 35 years I’ve been writing about this business, I’ve argued many times that owners in the health and fitness industry need to view staff as their most important asset. Yet today, we still have too many people on minimum wage, with no career prospects and a lack of support when it comes to building the skills and confidence they need to interact with members and advise them in ways they will find valuable.

People want access to expertise and many have no idea where to find it – they want to know how to get fit, how to rehabilitate and train after an injury or surgery – some just need to be taught how to run properly on a treadmill – and they’re prepared to pay for it.

By failing to fully engage with our members, we’re missing a huge opportunity to develop a valuable USP and set ourselves up to stand our ground in the face of the huge onslaught of competition that is coming our way. The time to act on this is now.

Liz Terry, editorial director

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
https://www.leisureopportunities.co.uk/images/427722_353874.jpg
Competition for the fitness consumer has never been fiercer. Liz Terry argues that in order to thrive we must focus on customer engagement and providing expertise
Liz Terry, editorial director, Leisure Media,Liz Terry, fitness consumer, health clubs, Market share, investment
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features

Editor's Letter: Fighting for market share

Our industry has never been more in demand and it’s turning into a honey pot, which is attracting investment in services that compete with health clubs. How can we ensure our businesses and operations continue to compete?

By Liz Terry, Leisure Media | Published in Health Club Management 2017 issue 5
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members want access to expertise and to be able to use state-of-the-art equipment designed in light of the latest research into exercise science

H ealth and fitness is one of the fastest growing industry sectors in the world and as affluence increases, so do people’s ambitions to lead healthier and more energetic lives that are based on exercise and wellbeing.

The growing financial value of our market is constantly sucking in new competition, and with startups getting funding to tackle every possible aspect of the sector – from apps to AI and boutique studios to DNA testing – competition for the health-conscious consumer has never been more fierce or diverse.

Although many consumers assemble a healthy lifestyle with multiple memberships and supports – one or more gym memberships, the use of apps and additional specialist classes, for example – major new market types are emerging, and some of them, such as the home gym market, are going head to head with health clubs for consumer spend.

So how can we fight for market share and continue to carve out a place for the health club at the centre of consumers’ fitness universe?

I believe it’s time we switched our thinking from a focus on facilities to a focus on expertise and the provision of specialist equipment. If we’re to continue to thrive, we have to be offering customers a range of things they need (and desire) that they can’t get anywhere else.

We do have some aces up our sleeve, such as the social contact that members get at the gym, but for every member who enjoys this aspect of their club, there’ll be others who prefer to exercise in the comfort and convenience of their own home, so although the social scene can be a powerful motivator for loyalty, it isn’t a universal solution that presses everyone’s button. We need to do more.

Some industry trends could also undermine the success of our clubs if not mindfully implemented. One example – the move to virtual – is a powerful thing and when used well, can be a real asset to a club, but if the club’s own instructors are significantly weaker than those being offered by the virtual system, and that same option is available at home, there’s a danger that some members will stay there and bank their cash instead.

Similarly, if we only kit out our gyms with simple functional equipment that can be straightforwardly acquired for use at home, then members will start to question why they’re paying their monthly dues.

It’s clear that virtual and functional have a valuable part to play in today’s gym environment, however, the challenge is to integrate them effectively, balancing the offer to ensure we continue to create desire.

We need to remember that the expertise of our staff is a massive strength and that if we invest in great people and encourage them to build strong relationships with members, this will drive success and loyalty and give us an unassailable USP with which to battle for business.

If our staff are knowledgeable, motivating and working at the highest levels, then members will pay for access to this and value it as being complementary to all the other parts of their personal world of wellbeing.

In the 35 years I’ve been writing about this business, I’ve argued many times that owners in the health and fitness industry need to view staff as their most important asset. Yet today, we still have too many people on minimum wage, with no career prospects and a lack of support when it comes to building the skills and confidence they need to interact with members and advise them in ways they will find valuable.

People want access to expertise and many have no idea where to find it – they want to know how to get fit, how to rehabilitate and train after an injury or surgery – some just need to be taught how to run properly on a treadmill – and they’re prepared to pay for it.

By failing to fully engage with our members, we’re missing a huge opportunity to develop a valuable USP and set ourselves up to stand our ground in the face of the huge onslaught of competition that is coming our way. The time to act on this is now.

Liz Terry, editorial director

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
https://www.leisureopportunities.co.uk/images/427722_353874.jpg
Competition for the fitness consumer has never been fiercer. Liz Terry argues that in order to thrive we must focus on customer engagement and providing expertise
Liz Terry, editorial director, Leisure Media,Liz Terry, fitness consumer, health clubs, Market share, investment
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Active Oxfordshire has received £1.3 million to tackle inactivity and inequality and launch a new ...
Latest News
Barry’s – known for its HIIT workouts combining treadmills and weights – is thought to ...
Latest News
Consultancy and change architects, Miova, have welcomed industry veteran Mark Tweedie on board. Tweedie had ...
Latest News
US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from ...
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The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover ...
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There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it ...
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While British adults are the most active they’ve been in a decade, health inequalities remain ...
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Featured supplier news
Featured supplier news: Webinar: Building a new energy future for the leisure sector
As one of the most energy-intensive industries in the UK, leisure facilities face a critical challenge in balancing net zero goals, funding and increased costs.
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Company profile: Matrix Fitness
Preferred by some of the world’s finest hotels and resorts, Matrix offers an array of ...
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Company profile: CoverMe Ltd
CoverMe Fitness, an app for seamless, on-demand management and cover solutions for sports and fitness ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
KeepMe press release: Keepme unveils Fitness Marketers' Cheat Sheet containing AI strategies for fitness professionals
Keepme has announced the release of its newest addition to its Best Practice Series: the "Fitness Marketers' Cheat Sheet."
Featured press releases
CoverMe Ltd press release: CoverMe Fitness launches in Australian market with industry veteran Tony Zonato at helm
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Directory
Lockers
Fitlockers: Lockers
Snowroom
TechnoAlpin SpA: Snowroom
Spa software
SpaBooker: Spa software
salt therapy products
Saltability: salt therapy products
Cryotherapy
Art of Cryo: Cryotherapy
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
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12-13 Jun 2024
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Diary dates
03-05 Sep 2024
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Diary dates
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Diary dates
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Diary dates
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Diary dates
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