Posted by alexandra_k on April 26, 2022, at 4:02:26
In reply to Re: apparently it's because of the Covid, posted by alexandra_k on April 26, 2022, at 3:53:18
apparently it's listed in the US stock exchange.
would you like to know about their business model.
here is how it works...
the trainers pay teh gym they pay the gym they pay the gym they pay the gym they pay the gym they pay.
they pay so that they are ALLOWED to train clients in the gym. if any clients want them to train them in the gym. in that case the clients pay les mills and the trainer gets a portion or a cut of that.
most of the trainers don't ever make enough to cover the amount of money they are supposed to pay the gym. but that's okay, they just replace them with new trainers.
the group fitness instructors pay the gym they pay the gym they pay the gym they pay. they pay to do courses to get videos and things like that so they can sit certification whatevers so that they get certified to teach certain of the les mills courses.
so they pay and they work and they train and they pay and they work and they train and maybe, eventually, not sure how much money it costs them on average, to be certified to teach a particular release. i think that's how it works. e.g., bodypump 139.
then... i think teaching is volunteer work. i don't think they pay group fitness instructors. i think people do it because they enjoy the popularity... i think that's how it goes.
and the popularity helps with people wanting to pay them to be trained...
so i don't know how much money les mills makes every year off of people paying them for training to be instructors, and paying them to work as instrutors...
i don't know what amount of time people do that before thtey can't afford to get into any more debt.
i guess because they are paying off their level 5 and / or level 5 and level 6 certifiation sot hat they can work as a personal trainer at all.
so, that's the business model.
i'm not sure if that means the international community is meant to do something... because of the whole elimination of slavery in teh supply chain thing...
i guess time will tell.
the nz governmetn gave les mills a LOT of money during the lockdown. i think to pay wages. i guess because they have marketing and advertising staff who phone people up all the time trying ot get new members signed up to pay the gym to pay teh gym to pay the gym to pay.
and i guess they have cleaners and the like as well.. manageers. of course.
i don't actually quite know the relationship between les mills international and the local les mills that there is in new zealand. i think they are supposed to be fairly distinct entitites. i don't know...
i don't know that they pay the 'fitness models' and i don't know that they ask permission for the people to be filmed in their fitness videos.
i don't know that they do with the filming they obtain from the security cameras all over the club...
occasionally they say something about 'filiming is happening here so if you are here you are consenting to be in the films that we use for whatever purposes we have'.
so then i know to stay away.
but i don't suppose they would be respectful. i mean... i have seen no evidence that anything in nz is.. even trying... to do anything like that. why would they be the sole exception?
would you like to do business in this jurisdiction?
if you have a problem i'm sure they can haul a judge out of retirement to handle your filings. assumign they say you are literate. if you pay the courts you pay teh courts you pay teh courts. well, you get the general idea.
poster:alexandra_k
thread:1119566
URL: http://www.dr-bob.org/babble/social/20220419/msgs/1119568.html