The social platform
The gym and fitness in Australia is a $1.3 billion dollar industry, with over 2,800 entities across Australia (IBISWorld, 2015). There are more than 11 million Australians who had reported that they engage in physical recreational activity at least once in a 12 month period (Australian Bureau of Statistics, 2013-14).
This week’s post, I’ll be introducing my new startup online community – FitnessSpotR. The social platform will be utilised blended with gumtree/craigslist and Facebook where everyone can post up an ‘advert’ or write a status about their interest in looking for a fitness partner. The advertisement details will include their gym name + location, their physical recreational activity, experience level, their workout time + schedule, expectations, and a brief details about the advertiser.
The social platform will be free of charge, the revenue model will be generated through advertisement spaces based on the healthy and fitness industry. However, there will be options to purchase paid membership which entails the user with options to hide/show advertisements, highlighted listings, access to a custom application form where they can get users to fill out. There will also be a referral model which gives users the chance to earn 24-48 hour paid membership by meeting a referral quota to be eligible.
The stage one benefits of Fitness SpotR
The benefits of finding a fitness partner/buddy to not only assist you in training, but to keep both parties disciplined, motivated and adds fewer excuses for skipping a workout (Gumper, 2005). FitnessSpotR will assist members to narrowly locate their ideal gym partner based on their preferences and goals so there leaves limited to no conflict of interest down the track.
The startup costs of Fitness SpotR and how they can be reduced
To avoid any hefty startup costs, FitnessSpotR’s initial foundation will be based on the socialengine PHP framework (advanced) which would cost $699 (SocialEngine, 2015). The script would be then customised to the company’s preference through outsourced companies.
An initial $10,000 will be used for Marketing and advertising to collect data on the acquisition cost of a user, which would be spent through Paid Per Click (PPC) and Pay Per Lead (PPL) campaigns. To further reduce startup costs, promotional methods will be conducted exclusively online.
What are the early adopter benefits (intrinsic / extrinsic)
The first 50 Early adopters users will be given 1 month free paid membership to trial the platform out. They will also be given free sample packs from sponsors of FitnessSpotR which will also benefit the advertisers with primary data of consumer product feedback. The early adopters will feel the sense of adapting a new lifestyle trend on their health and social interactions.
How could you increase success expectation?
Fitness SpotR vision is to ‘follow the trend’, do what works in mainstream society so the adaption to the social platform is friendly. There will also be success stories posted across social media of fitness partners/buddies explaining their user experiences with FitnessSpotR. This will further increase the authorisation of FitnessSpotR as the friendfinder of the fitness industry.
Another avenue is teaming up with the world’s leading bodybuilding forum – bodybuilding.com and with local gym franchise such as anytime fitness, snap fitness, Goodlife, FitnessFirst etc, which will benefit all parties by adding value to their members.
References
Australian Bureau of Statistics. (2007). Participation in Sport and Physical Recreation, Australia. Retrieved from http://www.abs.gov.au/AUSSTATS/abs@.nsf/Latestproducts/4177.0Main%20Features12013-14?opendocument&tabname=Summary&prodno=4177.0&issue=2013-14&num=&view=
Gumper, B. (2005, 03). Pair up for better RESULTS. Shape, 24, 110-110,112. Retrieved from http://search.proquest.com/docview/195306340?accountid=13380
SocialEngine. (2015). Purchase and download SocialEngine PHP. Retrieved from https://www.socialengine.com/buy-social-engine
Whytecross, D. (2015). Gyms and Fitness Centres in Australia. IBISWorld Industry Report R9111. Retrieved from IBISWorld database.











