That's pretty low. I used to charge $30/month back in 1973. That was 43 years ago.My CI charges $55/month for adults, ...
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That's pretty low. I used to charge $30/month back in 1973. That was 43 years ago.My CI charges $55/month for adults, ...
The last amount I paid was somewhere around $90/month. I charge $50, because that's what folks expect at the facility I use. If I don't pick up more students soon, I'm raising rates and running a new marketing campaign.That's pretty low. I used to charge $30/month back in 1973. That was 43 years ago.
My CI retired from one of the trade unions last year. His wife retired around the same time from a state job. They've both got pretty good pensions/retirement plans. It's always been a way for him to continue his training. The rent is cheap. I think it probably pays the overhead, pays for him to go to NYC to train every month or so and assist with black belt tests a few times a year. Maybe even a vacation or two every year. I can't imagine it making much more money than that.That's pretty low. I used to charge $30/month back in 1973. That was 43 years ago.
I agree that to have the freedom to stop a class whenever you want is important. I don't charge monthly. I only charge a set fee for 2 hours class. This way, after 1 class, I can also quit whenever I want to.And, it gives me the power to say no to anybody I don't want to teach, for any reason or for no reason at all.
I charge $50 per individual and $60 for the family package.The last amount I paid was somewhere around $90/month. I charge $50, because that's what folks expect at the facility I use. If I don't pick up more students soon, I'm raising rates and running a new marketing campaign.
That's a good deal on the family package. I just knock the price down $10 on each subsequent family member. So one person is $50, two are $90, three are $120, four would be $140, and anything beyond that I'd get tired of counting.I charge $50 per individual and $60 for the family package.
That's a good deal on the family package. I just knock the price down $10 on each subsequent family member. So one person is $50, two are $90, three are $120, four would be $140, and anything beyond that I'd get tired of counting.
It is a good deal. Here's the effect of it.That's a good deal on the family package.
I'd probably think about it if I accepted anyone under 16. I've only had one family get above 2 people in class, and that was just while a college-age daughter was home for the Summer. I've been thinking of expanding the discount to friends. So, if someone training with me brings in a friend, they get $10 off for as long as that friend is a student. Bring in enough friends, and you'd pay nothing.It is a good deal. Here's the effect of it.
Family members=17
2 mothers now train with their son.
2 fathers now train with their son
A family of 3
1 couple (boy friend + girlfriend)
1 married couple
1 father and daughter
Individuals=3
1 male who couldn't get his girlfriend to join
1 female who is single
1 teenage girl
That actually sounds good. I'll have to see how I can market martial arts as a group activity for college students. Sort of like how friends go workout at the same gym.I'd probably think about it if I accepted anyone under 16. I've only had one family get above 2 people in class, and that was just while a college-age daughter was home for the Summer. I've been thinking of expanding the discount to friends. So, if someone training with me brings in a friend, they get $10 off for as long as that friend is a student. Bring in enough friends, and you'd pay nothing.
My thinking is that it would build that sense of community faster, and it gives a simple, no-embarrassment way for someone in financial straits to cover their tuition if they can manage to bring people in.That actually sounds good. I'll have to see how I can market martial arts as a group activity for college students. Sort of like how friends go workout at the same gym.
I would grandfather them in because at least then you can use those students as marketing material to get paying students to join. People are more likely to join when they see that you have students. The new student's automatically assume that the current students at the school are paying, so if they are paying then the class must be worth the money. Once people get hooked on the classes and the friendships that are created from the classes, then they will be willing to pay if it helps to keep the school open which in terms helps to keep that part of their social life available.
This would be my approach, too. I'd rather have a few non-paying students who are committed and helping make the classes more interesting.
Agreed. My point was just that the OP has to take that into account when figuring how many students he needs to pay for a space.
You could then offer private classes which of course you would charge for to the students who are interested, and have them in a different location
Since on any given month there's a chance someone will quit, you'd need a minimum of two paying students to cover costs (the second is in case the first quits). Still a fairly low target. And your insurance for a small program will probably be about $500-700/year, unless something's significantly different in NY (and it often is, especially with insurance). So three students covers all of your expenses, plus a bit to hold back for equipment, even allowing that one may quit. When you get to 7 or 8, the math gets easier, and you may actually get to take some home.The space is asking $100 for one month. I think I could easily get away with asking $100 per month tuition, and break even after ONE student.
If they enjoy your company and the exercises then they will probably be willing to chip in to help get a place to train especially if they don't have to pay the full price. The trick is to get them to a point were training with you becomes an important part of their social life. Once training reaches that level, then it's really difficult to just drop it after they have made friends and personal connections.I would really prefer to grandfather people in. However, there would still be the concern of me having the rent up front.
And this social connection is part of why it's easier to keep students when you have more students. That way, when one leaves, it doesn't change the entire feel of the room.If they enjoy your company and the exercises then they will probably be willing to chip in to help get a place to train especially if they don't have to pay the full price. The trick is to get them to a point were training with you becomes an important part of their social life. Once training reaches that level, then it's really difficult to just drop it after they have made friends and personal connections.
The space is asking $100 for one month. I think I could easily get away with asking $100 per month tuition, and break even after ONE student.