- Odd Night
- Posts
- 💡 Run Club Management
💡 Run Club Management
Join the Booming Fitness Trend with This Hot New SaaS Idea!
Odd night
June 15, 2024
As fitness trends continue to surge, run clubs are at the forefront, bringing communities together for health and camaraderie.
With apps like Strava revolutionizing how fitness enthusiasts connect, now is the perfect time to dive into a profitable and rewarding side hustle.
Here’s what we got for you today:
🏃 How to capitalise on the run club trend
🤖 Microsoft’s intrusive AI tool
💼 Finding your next job just got so much easier
Today’s Drop 💼
🏃 Run Club SaaS
🍿 The Big Picture:
Run clubs are trending globally, with weekly runs attracting over 100 participants of all experience levels.
This trend parallels the rise of hiking and walking clubs, fostering a sense of community around fitness.
As fitness becomes increasingly social, there's a golden opportunity to leverage this momentum.
🛠 The Idea:
Start a run club management software.
This tool will handle memberships, event registrations, communication, and performance tracking, making it indispensable for run clubs.
Getting Started:
Development:
Either create your own software or partner with a developer.
Features:
Include functionalities like member management, event scheduling, and performance analytics.
Sales:
Market the software to run clubs through online ads, fitness forums, and social media.
Pricing:
Offer a subscription model with different tiers based on club size and features.
🔥 Is the Market Hot?
The global Software as a Service (SaaS) market was valued at $77.1 billion in 2021 and is expected to reach a staggering $1.18 trillion by 2027, growing at a CAGR of 37.12%.
With fitness trends on the rise, there's a lucrative market for software that caters to run clubs and community fitness groups.
🍞 Revenue Potential:
SaaS platforms can be incredibly profitable, with recurring monthly revenue from subscriptions.
On platforms like Acquire.com, SaaS businesses can be sold for significant amounts, often based on their monthly recurring revenue (MRR) and growth potential.
For instance, a SaaS business with an MRR of $10,000 can sell for anywhere between $240,000 to $480,000.
🎯 Conclusion:
Take advantage of the growing fitness and SaaS markets by launching a run club management software.
With the right features and effective marketing, you can build a profitable business that taps into a passionate and expanding community.
Start small, think big, and watch your side hustle soar.
Tweet of the Day
Do the simplest version of what moves you forward.
You don't need to have everything figured out.
Send that awkward DM.
Pitch that bad Offer.What's awkward today becomes less awkward tomorrow.
It's all about the invisible steps.
— Hakam (@therealhakam)
10:00 AM • Jun 15, 2024
Odd Notes🕵️♂️
Snippets from the shadows
Microsoft’s controversial AI feature has been delayed.
Saudi hosts over 2 million pilgrims for the Hajj season.
Everything you need to know about linkedIn’s AI-powered job search tool .
That wraps up today's business, we'll meet again on the next odd night with more inside news from the family.
Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?
Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.