Personal fitness is big business. In the U.S., roughly 30,500 health clubs and gyms are currently in operation. According to the U.S. Bureau of Labor Statistics, employment in the fitness industry will grow by an estimated 23% in the next decade. The number of gym and health club memberships has increased by almost 20% in the past 11 years and experts estimate that memberships will increase by 23% in the next decade. It’s not surprising that each year, 58 million people attend health clubs and gyms. Adults who are between 20 and 64 years old make up the biggest group of gym members. And a Nielsen Global Consumer Exercise Trends Survey found that almost half of all millennials work out on a regular basis.
However, there is much room for growth in the fitness industry. Although gym memberships cost just $58 per month on average, under 5% of adults engage in at least a half-hour of exercise daily. Only one-third of the adult population gets the weekly amount of exercise recommended by health experts. Of those with health club memberships, 67% don’t use them at all; the average member works out at the gym only twice per week. If you want to attract new members and make it easy for them to maintain their membership, you need the best billing software to streamline the process.
Billing Software for Gyms: What You Need to Know
Having the right software for gym management will help you maintain data on your membership and ensure that your billing works efficiently. Billing systems for gyms should handle credit card payments and electronic checking account transfers with the most advanced and effective software available. They should also keep you up-to-date on information about member contracts and overdue accounts and allow you to send invoices for recurring fees. The optimal health club billing software will provide monthly accounting reports and enable you to bill and collect from groups of members.
You can research health club software features by going online. When going over the details of billing systems for gyms, look for the features that are right for your needs. Not sure where to start? We’re here to help. Our billing systems will allow you to manage your gym or health club’s financial details with ease. For more information, please contact us today.