Learn about the overwhelming tone that seems to be cycling through our industry right now. This video starts off a little gloomy, but watch until the end because we share our insight on how to add reliable income to your yoga teaching business.
Yoga Business and Personal Life
My son had notes and a display board all over the kitchen table this morning, creating a break-even analysis in preparation for his business fair at school. He was taught to determine if his idea would be profitable.
It was a bit too much clutter and business talk for me so early in the day. When I do have to think about work in the morning, I prefer to read a book about chakras or the latest research on fascia.
However, as a yoga teacher, I’m a business owner and so are you. It’s essential that we spend time completing market research and financial projections for our business.
Aruna is much better at this than me. Recently she’s been attending business-related workshops and events, talking to yoga teachers about what is and isn’t working in their businesses.
Financial Streams for Your Yoga Business
We’re leading our own 200-hour Yoga Teacher Training at the moment and not only is it fun, but it’s consistent, effortless, and predictable in terms of income.
Wouldn’t it be nice to move into the holiday season with some structure and insight about what 2023 will look like for you financially?
Are you still thinking about adding another revenue stream to your business by bringing Yoga Teacher Training to your students? Use this simple formula to determine if offering Yoga Teacher Training will yield a return on your investment that is worth your time and energy.
Evaluate Your Likelihood of Success
- Do you teach yoga classes, or have a community of people you can tell about your Yoga Teacher Training (YTT)?
- Have those students asked for more yoga in the form of workshops, retreats, or YTT recommendations?
- Have any of your students taken YTT with another teacher?
- Have you asked your students if they are interested in YTT?
Evaluate Your Financial Opportunities
- What do the 3 studios closest to you charge for YTT? What would you charge?
- How many students do you think would register for your YTT?
- Multiply the cost you would charge by the number of students you think would register.
- How many of your students (if any) have taken YTT with other trainers?
- Calculate your lost income by multiplying the cost of your Yoga Teacher Training (YTT) by the number of people that have taken YTT with other teachers because you didn’t have one.
- List your other income streams that generate revenue for you (classes, workshops, continuing education credits). How do they compare with the earning potential of YTT?
Reflect On The Likelihood Of Success
If you’re still growing your client list and student base you may have time to create your own Yoga Teacher Training (YTT) program.
But if you see the potential for lost income in 2023 because you don’t have a YTT-approved and ready-to-teach, book a discovery call to learn more about the Yoga Trainer Fast Track.
Aruna or I will go over the numbers with you and help you start your training in as little as 6 weeks to meet your 2023 financial goals.
Free Course For You!
Wouldn’t it be nice to move into the holiday season with some structure and insight about what 2023 will look like for you financially?
Get all the insight and information you need about the profitability of leading your own YTT by joining our free course: The Experienced Yoga Teachers Guide to Becoming a Trainer