As the startup culture becomes mainstream, many enterprising and enthusiastic individuals are actively looking for various industries where they can create wealth. And due to Thailand’s closely knit relationship with Muay Thai, it’s a no-brainer that it’s the natural direction for thousands of Thais.
Starting any business is tough – and a Muay Thai business is no exception. However, with the right strategy, tools, and execution, you can take your Muay Thai business to the stratosphere. In this post, we explore the art of starting a Muay Thai small business in Thailand and Phuket city. Phuket is a good location for Muay Thai training camp.
- Develop a Unique Idea
Every startup business starts with an idea. What do you want to achieve with your Muay Thai camp? What’s your motivation? What are your goals? It’s important that you thoroughly think through your decision because it requires grit to succeed.
But running a Mau Thai camp comes with lots of benefits. As a combat sport, training Muay Thai has been found to enhance flexibility, increase strength, agility, and mental alertness, and promote self-discipline, among many benefits.
- Find a Niche
There are multiple facets of Muay Thai. That’s why it’s important to choose your niche carefully as a small business. Most Muay Thai camps focus on fitness because tourists, as well as locals, prefer to attend outdoor activities in pursuit of health goals. Tapping into this niche will open you up to an influx of clients, especially during tourist peak seasons.
Like in any other business, you need money to start a Muay Thai business. There are lots of costs to put into consideration, some of which include the cost of the gym, equipment, payment of trainers, and more. The amount you’ll spend is highly dependent on how big you want to go!
Ensure you have enough to run the business for the first few months. Most startups do not see a profit until after the first year of operation. But if you can hang on, tides will eventually turn.
Most small businesses are self-funded. So you might have to save for it. Also, consider sourcing out funds from friends and family. If you’re lucky, you can get investment from potential investors. But you’ll have to prepare a comprehensive business plan and convince them how your Muay Than business can make them lots of money!
- Create a Modern Marketing Campaign
There are lots of Muay Thai camps for people to choose from. Asides from distinguishing yourself as a special fitness camp, you need to get the word out there that you exist! This is accomplished through marketing.
In the last decade, online marketing has become the norm. Make sure your social media campaigns are optimized for search engines. With the right advertisement, you can get clients flocking down your camp. To get the best result, you should consider getting the services of a professional marketing company.
Muay Thai is a popular sport that has become a fitness craze globally. Little wonder locals and tourists are flocking to Muay Thai training camps in unprecedented numbers. Phuket Island is good for tourist and muaythai-thailand.com is a Muay Thai training camp at Phuket. Now is the perfect time to start your Muay Thai business in Thailand and tap into this immense opportunity.