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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.
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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.
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.”