personal training 2 - expert dojo – we help … training in 2016 the personal training industry...
TRANSCRIPT
Personal Training in 2016The personal training industry hasn’t changed in 80 years
It is an industry bound by geography, strict schedules and corporate gyms
The health epidemic continues to grow in America, and while personal training is proven to be the most effective solution, less than 3% of Americans actually use it
In a world where technology overturns entire industries, personal training remains unchanged
Problem
The economics of personal training force trainers to price themselves out of most people’s price range
Personal training is too expensive
A technology platform for the online fitness coaching industry
Trainers: exponentially increase income by providing a more cost effective service
Clients: get an online fitness coach for 80% less than a traditional personal trainer
Solution
A real personal trainer that works with you via email and text
You tell them your goals, they create a plan (exercise and diet) to help you reach those goals
They check in multiple times a week and coach you along the way to keep you motivated and accountable
What is Online Fitness Coaching?
Online Coaching Before DojoOnline coaching already exists, but it’s being done with a bunch of fragmented tools
- Difficult to scale - Bad user experience
Dojo: For Trainers
A platform for trainers to manage online coaching clients and scale their business
- Client Profiles - Messaging - Plan Builders - Auto Billing - And More
Dojo: For ClientsA streamlined app for users to view and track their exercise and diet plans, and communicate directly with their coach as they monitor their progress
“OnStar of Fitness”
- Wearable connectivity - Social platform to share & compete
+
Team
TJ Palazzari Nate Watkin- B . S . f r o m W . P. C a r e y S c h o o l o f
B u s i n e s s , A . S . U .
- 1 0 y e a r s c o m b i n e d O p e r a t i o n s
M a n a g e m e n t / S a l e s e x p e r i e n c e
- T e c h n i c a l C o - F o u n d e r
- F o u n d e d 1 s t c o m p a n y a t 1 9 , b u i l t t o
o v e r $ 1 M i n r e v e n u e
- 8 Y e a r s S t a r t - U p e x p e r i e n c e
- F o u n d e r / P r e s i d e n t o f C o l l e g i a t e
E n t r e p r e n e u r s h i p O r g a n i z a t i o n , C S U
Market Potential
Tried to start an exercise routine and failed
Serviceable Market (U.S. 2015): Benchmark Market (U.S. 2015):
Worked with a personal trainer
We project we can grow this market by 4% over the next 3 years by expanding the online coaching industry
Market Share (U.S. 2019)
+4%8M People
Target MarketTargeting people experiencing an “inciting incident”
A new mother who wants to
get her body back
A recently divorced man going back on the dating scene
A smoker trying to quit and adopt
healthy habits
Business Model
320,000 $240x $76.8M=
Average LTV Training Fees & Product Sales
Clients 4% Market Growth
Revenue 2017-2019
Marketplace: The client pays the trainer a monthly fee; we take a 20% commission on each payment
Product Re-Selling: We make additional revenue from trainer recommendations (supplements, vitamins, etc.)
Competitive AdvantagesEmerging Market: No company has achieved significant market share in the online coaching industry
Marketplace: We are building the first true fitness coaching marketplace that enables client-trainer social connection
Platform Economics: A scalable platform that allows expansion into other fitness markets such as wearable tech or connected gyms
High Retention: We use a Salesforce model to prevent leakage
Milestones & Traction
50 trainers signed up with over 1,000 clients
Product V1 fully designed
Extensive product testing and validation completed
Product V1 50% developed
Seeking 500k to complete development and scale
Dojo Fitness, Inc. Santa Monica, CA
For further information please contact: Nate Watkin / Co-Founder [email protected] (310) 488-2628