Dan Martell - January 10, 2024


How Planet Fitness ACTUALLY Makes Money.


Episode Stats

Length

35 seconds

Words per Minute

251.97295

Word Count

149

Sentence Count

11


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Planet Fitness, one of the top fitness.
00:00:01.520 They sell you a membership,
00:00:03.100 what they call a PIF, a paid in full.
00:00:05.100 And then they so don't want you to use it
00:00:07.280 that they literally give you Tootsie Rolls and pizza
00:00:10.940 when you leave the gym.
00:00:12.400 These are the things that are gonna cause you
00:00:14.020 not to wanna come to the gym and feel bad about yourself.
00:00:16.100 So they give you that stuff
00:00:17.620 because they wanna sell 5,000 memberships
00:00:19.760 and have nobody use the equipment.
00:00:22.100 My whole studio is full of like gym bros.
00:00:24.320 They all live together, many of them.
00:00:25.480 It's a protein house.
00:00:26.100 So like they wouldn't put the equipment
00:00:27.840 that those guys would wanna use
00:00:29.400 because they don't want them because they go every day.
00:00:31.800 There's gonna be a certain type of customer
00:00:33.260 that you can serve with that.
00:00:34.480 It just may not be for them.