How to Make Money with Your InBody

Page 1

2018

How to Make Money with Your InBody

Insights and tips on how you can use your InBody to improve your bottom line with real-life case studies from current customers

TODD DURKIN

Personal Trainer of the Year

Owner of Fitness Quest 10

As trainers and fit pros… you want to look for solutions that are going to give you an ROI and keep your clients and members happy.
I believe InBody is an incredible solution.

What is InBody?

The InBody Result Sheet

Maximize Your ROI

Method 1: Charge Members to Take an InBody Test

How Larry Conner Created A New Revenue Stream

Method 2: Attract More Members

How Bryce Henson Used InBody to Grow His Business

Method 3: Improve Retention and Validate Services

How Jim Crowell Creates Credibility to Improve His Retention Rate

How Todd Durkin Keeps His Clients Happy and Coming Back

TABLE OF CONTENTS An
Introduction
Contact Us 04 05 06 07 08 09 10 11 12 13 14 15

Your InBody device will help you care for, guide and train your clients in ways that were never before possible. But did you know your InBody can help you make more money in your business? This e-book will show you ways you can increase your revenue and give you examples from people who are already using InBody to increase their bottom line.

If you have any questions, you can email learn@inbodyusa.com and an InBody specialist will respond shortly.

If you’re ready to learn how to make more money by using an InBody device, skip to page 7.

How to Make Money With Your InBody 4
AN INTRODUCTION

What is InBody?

InBody is a biomedical device manufacturer founded in 1996 in South Korea by Dr. Cha. In 2000, InBody opened its first overseas subsidiary in California. Since then, InBody has opened five more international branches, worked with distributors in over 60 countries and become a worldwide leader in body composition analysis.

InBody USA began in the healthcare industry as medical professionals saw the value in how InBody produced highly correlated results to gold-standard methods at a lower cost and faster time. Trusted by a third of the top 100 hospitals in America, InBody provides vital body composition data for patients in locations such as Mayo Clinic, Cleveland Clinic, and Cedar Sinai. Because of its popularity in the medical field, these research-grade devices have recently made their way into the fitness industry to transform how trainers coach their clients into healthier lifestyles.

Today, hospitals, nutrition centers, and gyms alike count on the InBody to bridge the understanding between a client’s bodily changes and a professional’s instruction. Learn more about the four core technologies that make InBody innovative here.

How to Make Money With Your InBody 5

The InBody Result Sheet

InBody devices produce a detailed report called the InBody Result Sheet. Outputs include:

VISCERAL FAT ANALYSIS

Understand how much fat is surrounding your client’s organs. Visceral fat levels above 10 are associated with increased health risks.

BASAL METABOLIC RATE

Easily advise your clients about their nutrition by understanding how many calories they burn per day while at rest.

SEGMENTAL ANALYSIS

Know how many pounds of muscle and fat are in each segment (right arm, left arm, torso, right leg and left leg). Identify imbalances between corresponding segments and work to minimize any asymmetry.

BODY COMPOSITION HISTORY

Monitor your client’s weight, muscle mass and percent body fat from previous tests to measure progress.

Track your client’s weight, muscle mass and percent body fat from previous tests to measure progress with the InBody Result Sheet.

How to Make Money With Your InBody 6

Maximize Your ROI

We understand that purchasing an InBody device is a big investment. That’s why it’s important you maximize your ROI.

Gym operators and personal trainers say they’ve been able to keep more members and attract new ones after buying their device.

On the following pages, you will find real-life examples of ways our clients are using their InBody devices to make more money.

How to Make Money With Your InBody 7
RICK MAYO Owner of Alloy
We rolled [the InBody] out across... our gym [and] we were able to monetize it right out of the gate.

Method 1: Charge Members to Take an InBody Test

InBody owners are charging an average of $50 per test on an InBody 570.

The red line in the graph below shows your potential returns if you charge $50 per test and test two people per day. The purple line shows the MSRP of an InBody 570.

In less than three-and-a-half months, InBody owners can start profiting off their device, creating an additional stream of revenue for their business.

ROI for InBody 570

BUSINESS TIPS

Don’t forget to have your accountant write off the cost of your InBody under Section 179. Section 179 is an IRS tax code that lets businesses save on taxes by investing in capital purchases. You can deduct the full purchase price of equipment bought or financed during that tax year. But you have to be financed or purchased and put into service before the end of the calendar year.

How to Make Money With Your InBody 8 Month Revenue InBody 570 1 $3,000 $10,290 2 $6,000 $10,290 3 $9,000 $10,290 4 $12,000 $10,290 5 $15,000 $10,290 6 $18,000 $10,290 7 $21,000 $10,290 8 $24,000 $10,290 9 $27,000 $10,290 10 $30,000 $10,290 11 $33,000 $10,290 12 $36,000 $10,290 $3,000 $6,000 $12,000 $18,000 $24,000 $30,000 $36,000 $0 $10,000 $20,000 $30,000 $40,000 1 2 3 4 5 6 7 8 9 10 11 12 Revenue ($) Month
Revenue InBody 570 **Artificial data used for graph sample

It was such a big hit in our weight loss contest. I bought it immediately. And within three months, we were able to pay for the unit. It was a no-brainer.

How Larry Conner Created A New Revenue Stream

Stone Creek Club and Spa is an approximately 15-acre fitness and wellness facility. Larry Conner, general manager of the Stone Creek Club and Spa in Covington, Louisiana, is a firm believer in InBody. He’s integrated his InBody device into his business to turn a profit in just three months. To see the video, click the thumbnail.

Conner has turned his InBody into a constant stream of revenue by using the device as part of the training, tennis lessons and contests offered at the facility, and charging $35 per test.

Conner was also impressed by the accuracy of the devices after he saw how his spa’s test compared to expensive medical procedures.

“We had a local doctor that did not believe it. She went off and got a test that cost hundreds and hundreds of dollars,” said Conner. “When we compared the results, they were almost identical.”

How to Make Money With Your InBody 9
LARRY CONNER General Manager, Stone Creek Club and Spa

Method 2: Attract More Members

Our clients use their InBody devices to attract members to their facilities in different ways. Here are some tactics that work:

1 OF F ER A FREE TRIAL

On the first day of the trial, give a potential member an InBody Test and analyze the results for him or her. On the last day of the trial, provide a second test. Show the progress he or she has made at your facility. Chances are you’ve turned a potential member into a new member.

2 VIS I T HIGH FOOT TRAFFIC AREAS

Take your InBody to places that have lots of people that match your target market. Provide people with a free InBody Test and consultation to show them their fitness levels. Our clients have closed 10+ clients in less than three hours by doing this.

3 US E I NBODY TESTS IN YOUR ADVERTISING

Include InBody Tests as part of a member’s participation in your program, adding value to your facility. Learn how Bryce Henson makes his InBody work for him on the next page.

How to Make Money With Your InBody 10

InBody has been a huge help with marketing… we can advertise that an InBody scan is included as a part of a [member’s] participation. So it makes our program much more attractive.

How Bryce Henson Used InBody to Grow His Business

Bryce Henson, owner of four Fit Body Boot Camps, believes InBody has helped take his businesses to the next level. Henson uses his InBody devices to add value to his business and attract new members to his facilities.

He displays his clients’ result sheets as a way to show new clients what they’d be able to achieve at his gym. Henson also talks about how InBody has added more value to marketing his programs, taken his business to the next level and even improved how he educates his clients on their health. To watch the video, click the thumbnail.

“We’re able to offer a piece of technology that other studios aren’t able to offer,” said Henson. “[We can show] clients where their challenges are, but also where they’re succeeding.”

He then takes that information and sends it out via social media to attract more interest. Henson believes that InBody has helped generate excitement, energy and grow his business.

How to Make Money With Your InBody 11
BRYCE HENSON Owner, Fit Body Boot Camp

Method 3: Improve Retention and Validate Services

If you determine success by weight, it’s hard to see improvement.

The InBody Result Sheet creates a tangible way to show clients information a bathroom scale can’t show: muscle gain and fat loss.

By using an InBody, you’ll be able to keep your clients motivated, engaged and coming back to your fitness facility.

Use the Body Composition History chart on the InBody Result Sheet to show clients the progress they’ve made since joining your gym. This will help you retain more members.

How to Make Money With Your InBody 12
RACHEL COSGROVE Results Fitness
BUSINESS TIPS 199.2 70.8 36.0 0.390 72.3 0.387 36.2 198.7 70.2 35.5 0.385 198.1 197.4 70.2 35.3 0.385 198.3 70.5 35.8 0.389 197.2 70.2 35.4 0.385 194.2 69.9 34.3 0.389 196.0 70.5 34.6 0.390 07.18.15 07:57 07.10.15 07:23 07.01.15 09:08 06.22.15 07:43 06.13.15 08:13 06.05.15 08:57 05.28.15 07:50 05.18.15 07:37
[InBody] definitely helps us retain members and it’s a great tool for us to keep track of where everybody is at.

This is a tool that gives [OPEX coaches] more credibility with each of their clients, which improves the longevity [of a relationship] and retention.

How Jim Crowell Creates Credibility to Improve His Retention Rate

OPEX Fitness provides coaching education, remote coaching of athletes and has brick and mortar locations all over the world. Jim Crowell, CEO of OPEX, uses InBody devices in his facilities to gain new clients and retain clients at a higher rate. Click the thumbnail to watch the video.

InBody has provided Crowell and his team members with a way to show clients the progress they’ve made at his facilities. By using the InBody Test, OPEX staff can give tangible material to clients and say “this is where you are. It’s not an opinion. It’s not a guess. It’s really truth.”

Crowell likes that InBody provides a consistent touch point to show clients they are improving month-by-month or quarter-by-quarter.

“All of a sudden…you’re able to give somebody the truth. When people start to get aware about where they really are, they are much more willing to have a conversation about how they might be able to improve,” said Crowell.

How to Make Money With Your InBody 13

How Todd Durkin Keeps His Clients Happy and Coming Back

Fitness Quest 10 has ranked as one of “America’s Top 10 Gyms” by Men’s Health five times. The gym’s owner and two-time Personal Trainer of the Year, Todd Durkin, uses InBody to create new revenue streams, attract new clients and retain current members. Click the thumbnail to watch the video.

Durkin believes the key to retaining clients is keeping them happy and encouraged. To do this, he uses InBody.

“In the [first] three to four months we had an InBody, countless people had raved about the solution,” said Durkin. “Clients love being able to come in whenever they want, get tested and get an [InBody Result Sheet] they can take home to show their family their hard work has paid off.”

By using an InBody Result Sheet, Durkin can show his clients how Fitness Quest 10 is improving their body composition. This keeps clients happy and coming back to Fitness Quest 10 (Read case study here).

How to Make Money With Your InBody 14
TODD DURKIN Owner, Fitness Quest 10
I want to surround myself with people who are world class and companies that are world class. That’s why I’m excited to have InBody represented here at Fitness Quest 10.
can improve your business by improving your services, inspiring your current members to stay with you, and build your reputation.
InBody, you’ll not only get the best product on the market, but also a dedicated partner committed to helping you reach your business goals, just as you help your clients reach theirs. Contact an InBody representative today to learn how you can improve your business! www.inbody.com 13850 Cerritos Corporate Dr., Unit C Cerritos, CA 90703 Follow us @inbodyusa SEE WHAT YOU’RE MADE OF LET’S TALK. WE CAN HELP YOUR BUSINESS GROW CLICK HERE TO CONTACT INBODY TODAY
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