Hi forum members! My name is Ryan and I read MJ's fastlane book a while ago and that really gave me the perspective I needed to hustle and make things happen for myself.
I then went out, got a few referrals and initially started generating a few grand a month, and this past month I've just crossed $10K/month in revenue. 😀 It's a great journey, but I have a lot of roadblocks ahead to scale up the business.
A little bit about myself:
I'm a software engineer at a popular social media company that looks like a birdy. But I didn't write an app or website that made $10K/month.
I used to play tennis at a highly competitive level, until I figured that I can't make it to the pros. Then I took some time off, went to school to get a degree in Computer Science and graduated in 2013. I worked at a startup for a while, but they never took off.
While I was gearing up for my new job (i took 4 months off), I came across MJ's book and that resonated with me. There's a strong feeling in my heart that I need to go out there and do something about it.
Tennis is something I'm passionate about, and something I've been relatively good at. However, I haven't had a ton of experience coaching people.
I figured out that I have 2 relatively crucial skills that a lot of people in my neighborhood are looking for:
1. Bilingual
2. Good in tennis and good with kids
I checked out on both of those, and started reaching out to parents who'd like their kids to learn tennis and have someone who's bilingual to bridge the cultural and linguistic gap.
And that's how I started my tennis coaching business.
My problems right now:
1. Scale. I only have 3-4 hours a day to coach, and as I get more clients knocking, I simply don't have enough time to cater to all of them. I see that as a bottleneck for me right now. Unless I can hire more people to help...
2. Courts. I live in a place that doesn't have a ton of sunshine, so I need to rent courts every now and then to coach. I'm currently looking for a place to set up shop (maybe rent a piece of land and then build courts on top?), but real estate is really pricey where I live. There's a competitor near my area that's been taking in tons of clients due to their location, but from what I've heard, the coaches there are really terrible with kids and most parents are looking elsewhere. This might be a good opportunity to come in and claim the business around this area. Lucky for me, I live in a really wealthy area where people are willing to pay top dollars for a good coach (hence how I made 10K a month
)
I've thought about making youtube videos, ebook and blog but thats not where majority of my target clients are located. I've only worked with kids and a potential revenue stream would be adult lessons too.
If anyone has suggestions on how to scale this up, or has some good real estate connections, please let me know and maybe we can work on something together. Thanks guys!
I then went out, got a few referrals and initially started generating a few grand a month, and this past month I've just crossed $10K/month in revenue. 😀 It's a great journey, but I have a lot of roadblocks ahead to scale up the business.
A little bit about myself:
I'm a software engineer at a popular social media company that looks like a birdy. But I didn't write an app or website that made $10K/month.
I used to play tennis at a highly competitive level, until I figured that I can't make it to the pros. Then I took some time off, went to school to get a degree in Computer Science and graduated in 2013. I worked at a startup for a while, but they never took off.
While I was gearing up for my new job (i took 4 months off), I came across MJ's book and that resonated with me. There's a strong feeling in my heart that I need to go out there and do something about it.
Tennis is something I'm passionate about, and something I've been relatively good at. However, I haven't had a ton of experience coaching people.
I figured out that I have 2 relatively crucial skills that a lot of people in my neighborhood are looking for:
1. Bilingual
2. Good in tennis and good with kids
I checked out on both of those, and started reaching out to parents who'd like their kids to learn tennis and have someone who's bilingual to bridge the cultural and linguistic gap.
And that's how I started my tennis coaching business.
My problems right now:
1. Scale. I only have 3-4 hours a day to coach, and as I get more clients knocking, I simply don't have enough time to cater to all of them. I see that as a bottleneck for me right now. Unless I can hire more people to help...
2. Courts. I live in a place that doesn't have a ton of sunshine, so I need to rent courts every now and then to coach. I'm currently looking for a place to set up shop (maybe rent a piece of land and then build courts on top?), but real estate is really pricey where I live. There's a competitor near my area that's been taking in tons of clients due to their location, but from what I've heard, the coaches there are really terrible with kids and most parents are looking elsewhere. This might be a good opportunity to come in and claim the business around this area. Lucky for me, I live in a really wealthy area where people are willing to pay top dollars for a good coach (hence how I made 10K a month
) I've thought about making youtube videos, ebook and blog but thats not where majority of my target clients are located. I've only worked with kids and a potential revenue stream would be adult lessons too.
If anyone has suggestions on how to scale this up, or has some good real estate connections, please let me know and maybe we can work on something together. Thanks guys!
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