Ep29: Scaling An Online Fitness Business To Do Over $1.5 million/year with Jake Wilmott

24 Jul 2024 · 42 min
42:14

Podcast episode (Ep29) featuring Jake Wilmott of Fit Tribe describing his journey from engineering and franchise gyms (Five Element Fitness / 5EF prototype studios) to founding Fit Tribe ~2.5 years ago after a redundancy. Fit Tribe is an online, female-focused health & fitness business built mainly on paid advertising and higher-ticket, longer-duration programs; team includes appointment setters and commission-only closers plus contractors/EAs in the Philippines. Jake describes sink-or-swim early days, weekly data-driven product assessment, operational details (outsourced ads, mostly paid acquisition, limited organic), lifestyle/family balance (nomadic living, 11‑month old son), and current scale (targets of ~$1M annual contract revenue and reporting current run-rate quoted at roughly $1.5–2M).

Questions this video answers

About two and a half years.

Five Element Fitness (5EF); the franchise had 13 studios.

18 kilos in a couple of months.

Aiming to bring in $1,000,000 in contract revenue (they reported being on track beyond that).

Quoted roughly $1.5–2 million (contract revenue/run-rate).

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