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Finding Low-Profit Classes

Kevin Gregor avatar
Written by Kevin Gregor
Updated over 3 weeks ago

Elena's Scenario

Optimize schedule by cutting or shifting low-margin classes.

Scenario Calculations:

  1. Open the Class Economics Analyzer
    ​Elena logs into FitGrid and selects the Class Economics Analyzer from her Business Performance tools.
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  2. Review Class-Level Metrics
    ​She filters by Avg Revenue Per Class
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  3. Identify Red Flags
    ​Elena knows that, in general, she pays her instructors $50 per class. She scrolls down to the classes that make ~ $50 in revenue per class and understands she needs to do better. In truth, she knows that even the classes that make $60 or $70 per class are low-profit margin if she takes into account her overhead.
    ​

  4. Make Schedule Optimization Decisions
    ​Based on the data, Elena decides to:

    • Move one of her instructors who makes much less but who has promising retention numbers (see the FitGrid Instructor Report) to that time slot

    • Voila. She is now making $30 per class
      ​

Final Summary: What Was Revealed

Using the Class Economics Analyzer Elena was able to identify low profit classes into more profitable classes, boosting her overall studio profitability and making her feel more in control.

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