Chapter
Scaling Revenue in the Fitness Industry
39:23 - 42:46 (03:23)
The revenue in the fitness industry is limited by the number of opportunities to fight and the waiting list to join UFC. The best way to scale revenue is by owning the entire building and having multiple locations.
Clips
UFC fighters start with a $10,000 show-up fee and a $10,000 win bonus, which increases by $2,000 for every fight they win.
39:23 - 40:25 (01:02)
Summary
UFC fighters start with a $10,000 show-up fee and a $10,000 win bonus, which increases by $2,000 for every fight they win. After paying taxes, insurance, and other fees, some fighters may only be left with $20,000 to $25,000 a year, which is not a good living.
ChapterScaling Revenue in the Fitness Industry
Episode#91 with Ben Askren - The UFC Star Turned Crypto Investor
PodcastMy First Million
This podcast episode discusses the challenges of earning a high salary in the UFC and the need to open more gyms to maximize revenue instead.
40:25 - 42:07 (01:42)
Summary
This podcast episode discusses the challenges of earning a high salary in the UFC and the need to open more gyms to maximize revenue instead.
ChapterScaling Revenue in the Fitness Industry
Episode#91 with Ben Askren - The UFC Star Turned Crypto Investor
PodcastMy First Million
The podcast discusses how one could make money from public speaking in areas such as finance and inspirational talks, with the potential to earn tens of thousands per speech.
42:07 - 42:46 (00:38)
Summary
The podcast discusses how one could make money from public speaking in areas such as finance and inspirational talks, with the potential to earn tens of thousands per speech.