The document discusses how to become a successful personal trainer. It provides advice on developing a strong product or service offering, precisely positioning it for the target customer, choosing an appropriate place or location to provide it, and setting the right price that reflects the value. It emphasizes the importance of having a narrow focus on a specific audience and their unique needs rather than trying to appeal to everyone. Examples are given of different personal training services, their target customers, locations, and pricing tiers. The document is authored by Max Icardi, a founder of the Functional Training Network and Academy, to help personal trainers grow successful businesses.
2. 2003
Medical Faculty - University of Turin
Sport Medicine degree University of
Glasgow
Founder of Functional Training Academy
CEO Functional Training Network
MAX ICARDI
1999
4. www.functionaltraining.net
3. To increase the profitability of the business
2. To make enough money to live a comfortable lifestyle
1. To do something I enjoy or feel passionate about
9. The very things that keep you busy aren't necessarily the things of business.
Is your business a busy-ness?
www.functionaltraining.net
If you want to go
FAST, go alone. If
you want to go
FAR, go together.
10. SALEABILITY
When you are replaceable, your company is more
saleable. When someone buys your company, they
will consider it more valuable if they can just take
over the reins and it runs.
FREEDOM
This is probably one of the reasons you started the
business in the first place. If you are the critical
piece, you wont be able to take time off.
LEADERSHIP
When you can systemize the day-to-day actions,
you can shift into a role where you seek out new
opportunities, try new things, and innovate
PERSPECTIVE
If you can manage to get yourself out of the day-to-
day, it will give you a chance to watch the business
from afar.
MAKE YOURSELF REPLEACEBLE
If you are going to build a company and cant be replaced, you are, in fact, building a
trap. And thats not something you want to get yourself into.
www.functionaltraining.net
11. WHAT THEY DONT TEACH YOU IN SCHOOL
www.functionaltraining.net
12. www.functionaltraining.net
THE 5 PS OF BUSINESS
5. PROMOTION
How are you going to inform your prospects
about your offer?
4. PRICE
What is the value of your services for
those clients?
3. PLACE
Where are you offering your services?
2. POSITIONING
Who are the potential clients interested in
your offer?
1. PRODUCT
Which product/service are you offering?
13. How can i help you?
www.functionaltraining.net
1. PRODUCT
14. RED OCEAN
Compete in existing markets
Try to beat the competition
Price concurrence
BLUE OCEAN
Create new markets
Competition is irrelevant
Price = value
www.functionaltraining.net
1. PRODUCT
19. 2002 - ...
MAX ICARDI
Personal
Trainer
Lecturer &
Presenter
PT studio
owner
2008 - ...
FUNCTIONAL
TRAINING
NETWORK
Quality label
for personal
trainers
Registered
brand
2011 - ...
FUNCTIONAL
TRAINING
ACADEMY
Postgraduate
educaion
Workshops for
professionals
2013 - ...
OUTSIDE
THE BOX
Outdoor
Training studio
Bed & Breakfast
Seminar room
1. PRODUCT GROWYOUR OFFER
www.functionaltraining.net
20. Baby Bootcamp
bring yourbaby, get fit!
WOMEN
WAY too broad
almost impossible to
define common
needs
YOUNG MOTHERS
Better. More specific
and narrows down a
certain segment of
the population
YOUNG MOTHERS WHO
WANT TO BE BACK IN
SHAPE
Wonderful! Youve
addressed a unique
audience with a
defined need
2. POSITIONING WHO IS IT FOR?
www.functionaltraining.net
21. When it comes to growing a business few things have more power than a narrow
focus. Too often business owners want to be many things in order to capture as
much business as possible.
[...] its like a hawk
taking a bird: even when
it enters into the midst of
thousands of them, it
gives no attention to any
bird other than the one
that it has first marked
www.functionaltraining.net
FOCUS, FOCUS, FOCUS...2. POSITIONING
22. What sort of person
am I?
Do I have a particular
interest?
Do I want to specialise
in a specific aspect of
physical activity?
DEFINE YOUR TARGET
GROUP
www.functionaltraining.net
IF YOU DONT CHOOSE
YOU WONT BECHOSEN
2. POSITIONING
24. 4. PRICE WHO IS YOUR CoNCURRENCE?
www.functionaltraining.net
Price must reflectnot only Product, Position and
Place, but also: education, experience, references...
More people in a session, less per person more
for the trainer
Always get paid up front for a given period of service
Dont make discounts, add value instead
Dont forget your overhead costs when setting your
price!
25. GROUP EXERCISE:
BUGGY BOOTCAMP
Young mothers
wanting to get
back in shape
Park
Budget:
STABILIZATION
TRAINING FOR
SPORTS
Sportclubs or
individual
sporters aiming at
injury prevention
Private training
practice
Budget:
1:1 PERSONAL
TRAINING
@OFFICE
Busy
professionals
with high income
and little time to
exercise
At the office, at
home...
Budget:
Bring it home...
PRODUCT
POSITIONING
PLACE
PRICE
Three questions, three words as answers:
Name
One quality about yourself
What do you expect about today?
Blue Ocean Strategyis a book published in 2005 and written byW. Chan Kim. Based on a study of 150 strategic moves spanning more than a hundred years and thirty industries, Kim & Mauborgne argue that companies can succeed not by battling competitors, but rather by creating blue oceans of uncontested market space.Red oceansrepresent all the industries in existence today the known market space. In the red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded, prospects for profits and growth are reduced. Products becomecommoditiesorniche, and cutthroat competition turns the ocean bloody; hence, the termred oceans.[4]
Blue oceans, in contrast, denote all the industries not in existence today the unknown market space, untainted by competition. In blue oceans, demand is created rather than fought over. There is ample opportunity for growth that is both profitable and rapid. In blue oceans, competition is irrelevant because the rules of the game are waiting to be set. Blue ocean is an analogy to describe the wider, deeper potential of market space that is not yet explored.[4][5]
Cirque du Soleil an example of creating a new market space, by blending opera and ballet with the circus format while eliminating star performers and animals