You probably got into yoga because you love the practice, and you wanted to share it with others. Yoga as a business may be bigger than you thought. There are many channels to explore to find your perfect fit, just as there are many opportunities for instructors. Once you have your yoga teacher certification, it’s time to start looking for business opportunities with the help of our yoga business ideas. Once you’ve taken your yoga certification and got professional yoga insurance to keep yourself covered, you’re now ready to create your yoga business plan.
Yoga Business Ideas
1. Work in a gym
It is often beneficial to begin your yoga business by working in a gym. The pay is often low, but it is a great place to practice yoga and meet potential clients. You can also get more hours if you are a teacher of other disciplines like Pilates or spinning.
2. Join a Specialized Yoga Studio as an Employee
Another great option is to work in a professional studio. You will have guaranteed hours and be exposed to a variety of practitioners. It also gives you the chance to specialize as most yoga studios offer a wide range of yoga styles.
3. Start your own business
You may want to start your own yoga business after gaining experience at a studio or gym. You can start a yoga business as a beginner, but you should learn at a well-established studio or gym first. When you set up a business in yoga, it’s important to remember that you will be responsible for everything, including registering the business, paying your employees, covering all expenses (such as workers’ compensation, health insurance, etc. ), renting space, filing tax returns, and so on. This is one of the most popular business options for yoga instructors, but it’s also the most complicated. According to a Yoga Alliance survey, these costs can consume up to half of your earnings. As your boss, however, you can set your own salary. If your yoga business is successful, you will profit from the revenues.
4. Start a Home Yoga Studio
You can open a home-based yoga studio. It is the easiest option since it reduces both initial and ongoing costs. But you’ll need a large enough space to hold at least eight students per class. Consider the impact of opening your home to a wide range of people.
5. Rent a Studio
Renting a yoga studio could be the best option for you if you decide that a home studio just isn’t right for you. Renting a yoga studio is an expensive and long-term commitment. However, it opens up more revenue opportunities. You can offer classes all day, every day, and with more teachers. You’ll want your space to be maximized by having as many classes as you can. You can make your studio generate income even when you are not there.
6. Offer Outdoor Classes
You may also want to teach outdoor yoga classes. The drawback of running an outdoor class is the unpredictable weather in some cities. It can be too hot or cold for most of the time. But if you live in an area with a temperate climate, teaching outdoor yoga is a great way to have fun. It’s also a good option for practitioners, who love the element of nature. Yoga and fresh air are a winning combination! If you are teaching your class free of charge (perhaps to reward loyal customers or draw in new faces), then you don’t need a permit. You may need to contact your local Parks and Recreation Department if you plan on charging for your class.
7. Teach Yoga Retreats and Holidays
You can also explore the idea of starting a business in yoga retreats. You can, for example, start your own retreats, choose the location, hire the staff, sell rooms, and arrange the food. You can also join forces with a travel agent or health and wellness company to offer yoga holidays and share the burden of booking the rooms and handling the logistics. Yoga retreats and holidays offer many benefits, including a few solid days of guaranteed work, and the chance to connect with people and add new dimensions to your business. Whatever yoga business you choose, there will be competition. To succeed in running a yoga business, you’ll have to be persistent, market yourself, and build your clientele.