Class profit
Know which classes make money
A full room isn't the same as a class that pays. Studio Bolster shows what each class has left after teacher pay and its share of rent, and how many more students a short one needs.
Juniper Yoga, our made-up demo studio. Every number is invented.
How the money is figured
For every class, every time it runs:
- Money in from each student, by how they paid. A member's monthly price is spread over the classes they took that month. Packs, drop-ins and ClassPass count at what you actually get.
- Minus teacher pay, from your pay rules: each teacher's hourly rate, with or without paid check-in time.
- Minus its share of rent, by class length. A 90-minute class carries more than a 60.
What's left is the class's profit. If it's below zero, you see how many more students would cover it, at what a student brings in for that class.
Example
Wednesday noon Yin, an average of 4 students.
| Money in | $52 |
| Teacher pay | −$53 |
| Rent share (75 minutes) | −$35 |
| Left over | short $36 |
|---|
At about $13 a student, it needs 3 more students a class to cover itself.
A list of what to do, not just numbers
The report starts with a short to-do list: classes to cut, combine, shorten or move; classes where most students come through ClassPass; classes where the usual teacher has changed; and your best classes, so you can add more like them.
Every morning
A daily check on the schedule
Classes and events sometimes fall off the schedule: a series ends, a recurring class wasn't renewed, an event lost its date. Studio Bolster checks every morning and flags anything that disappeared, so you hear about it before a student shows up to a locked door.
Teachers see their own side of this too. Each one sees which of their classes cover their costs, without seeing anyone else's numbers or your rent.
The long version: how to see class profit on WellnessLiving.
Founding studios
Half price for the first year
We're taking a small group of WellnessLiving studios first. You get Studio Bolster at half price for twelve months. In return you tell us what works and what doesn't, and give us a quote we can use once you're happy.
- Setup done with you, on a call, using your real schedule
- Your teachers signed in within the first week
- A direct line to the person who built it
On Mindbody or something else? Sign up anyway. It tells us where to go next.