tag:blogger.com,1999:blog-746324505322049940.post593086750503665480..comments2024-03-22T07:58:59.646-06:00Comments on Pewaukee Economics & Finance : New Years ResolutionsMrs. Straubhttp://www.blogger.com/profile/14927083996757427841noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-746324505322049940.post-88161172325646216942016-01-13T20:16:23.173-06:002016-01-13T20:16:23.173-06:00I found it very interesting that almost half the a...I found it very interesting that almost half the amount of gym memberships are purchased in January. I would not have thought it would have been so high. Another reason for the joining of members could be do to cold weather conditions people are less active and need to find a place to be more active in the colder months. The increase in gym memberships also help increase the revenue to the business and during this time the gym will be able to purchase more equipment or update items. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-15816192267784826022016-01-13T11:09:10.633-06:002016-01-13T11:09:10.633-06:00It's interesting to see so many people getting...It's interesting to see so many people getting gym memberships and willing to spend money each month, but then just end it right away. Gym memberships can be pricey however the people might just lose motivation to get up and go to gym everyday. And especially living in Wisconsin where winters here can get extremely cold, people aren't as willing to go out in the cold where as in the summer time the weather is always nice. Money plays a big factor when it comes to gym membership, but also the person willingness to commit to it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-58494018847596935362016-01-12T19:17:21.121-06:002016-01-12T19:17:21.121-06:00I think it's fascinating how gym the amount of...I think it's fascinating how gym the amount of gym memberships increases by as much as it does. One thing that concerns me. Because most likely a lot of people end up leaving their new years resolutions behind after a while. Once the amount of gym memberships decreases again is the money made enough to pay off the new equipment they bought.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-22499529627646206882016-01-11T12:35:52.697-06:002016-01-11T12:35:52.697-06:00The demand for gyms and other places to exercise d...The demand for gyms and other places to exercise definitely increases after the New Year as more people are motivated to change their lifestyles. It is appealing to lose weight and gyms have gotten better at advertising a fun, fitness experience that will have members losing weight in no time. Increased commercials for franchise gyms like Anytime Fitness have boosted this demand going into the New Year. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-73003442698895240342016-01-08T13:31:43.284-06:002016-01-08T13:31:43.284-06:00This is a very interesting topic because at first ...This is a very interesting topic because at first you don't pay much attentions or even really notice the number of people who actually join a gym. Joining a gym or getting fit is something that is very obvious that people would or want to do because its something that people think oh im going to do it this year im going to get buff or im gonna get super skinny or im going to be my goal weight by the end of this year. When in reality they go set up the gym membership and waste there money because that's what a majority of the people do. They go there at first oh this is nice or all pumped ready to work out but then you get to the first machine and its like i don't even want to do this but they do anyways. Many people waste the money because they think at first they like it then eventually end up quitting. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-3321498649695507172016-01-08T13:30:32.626-06:002016-01-08T13:30:32.626-06:00This trend is also reflected by holidays as people...This trend is also reflected by holidays as people plan to spend more money so the demand for goods and services goes up. This impacts gyms in a big way as people are determined at first to get fit but as shown in the picture there is still a large amount of people spending money at the gym compared to the time before New Years. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-32095435147665161132016-01-08T13:28:08.679-06:002016-01-08T13:28:08.679-06:00This is interesting and I had never thought about ...This is interesting and I had never thought about that fact. I generally don't make resolutions because I can never think of any that will greatly improve anything or that I really feel the need to follow through with.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-80091533451456835372016-01-08T13:28:00.415-06:002016-01-08T13:28:00.415-06:00Relevant topic considering New Years Resolutions i...Relevant topic considering New Years Resolutions is a very popular trend and will always be important as each year comes to a close. It is surprising that so many people do actually make a resolution to go to the gym more, personally I thought it was more of a joke and a stereotype of New Years Resolutions. However it is very believable that so many people don't uphold their resolutions to better their lives as one by one they begin to give into temptations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-45652464227520652252016-01-08T13:27:31.244-06:002016-01-08T13:27:31.244-06:00This is interesting and I had never thought about ...This is interesting and I had never thought about that fact. I generally don't make resolutions because I can never think of any that will greatly improve anything or that I really feel the need to follow through with.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-55559572592986548012016-01-08T13:26:26.441-06:002016-01-08T13:26:26.441-06:00This is a great time to be talking about this topi...This is a great time to be talking about this topic, as the new year has just begun. These new years resolutions to get in shape are definitely an economic benefit to gyms as more and more people are enrolling in them to attempt to get in better shape. It would be interesting to see how long people actually continue to workout consistently after joining the gym, if they continue to go or stop after a month or two. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-49752081641562231862016-01-08T13:25:35.488-06:002016-01-08T13:25:35.488-06:00I agree with this topic because a lot of people ma...I agree with this topic because a lot of people make a new years resolution to get fit but not a lot of people follow through with it. They still have that laziness in them and they don't have that motivation to become fit and go to the gym.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-9248496558836901072016-01-08T13:25:23.487-06:002016-01-08T13:25:23.487-06:00This is really an interesting topic since it's...This is really an interesting topic since it's so true. Every New Year, I know at least one person who's New Year resolution is to either lose weight or to just work out more, and every year they give up before March comes around. So I can definitely see why the memberships drop in February. I do wonder just how much gyms spend on equipment versus how much money they get from the memberships in January. Are they losing money?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-64978969440493166492016-01-08T13:25:21.475-06:002016-01-08T13:25:21.475-06:00I like your topic Jen! I would think that a lot of...I like your topic Jen! I would think that a lot of people joined gyms in the beginning of the year but never knew how quick it dropped off like shown in your picture. I am not surprised that a lot of people do drop out but not to the extent that they do. Your picture was a great representation to go along with your claim. Nicely done. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-50057260485722236462016-01-08T12:57:05.552-06:002016-01-08T12:57:05.552-06:00I find this very interesting because I didn't ...I find this very interesting because I didn't realize how many people actually joined the gym. I knew that it was a very popular resolution for people to join the gym, but I didn't know that many people actually followed through on it. Although many people do get a membership in the beginning of January, I am not surprised by the fact that so many people end up leaving the gym in February. In order to show this better, you could have looked at specific gyms and shown their decrease in clients from January to February. Overall, I thought you chose a topic very relevant to the time period as well as including economic terms into the post. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-47975795984530483972016-01-08T11:10:55.394-06:002016-01-08T11:10:55.394-06:00Colin Marks
This topic was well timed with the ne...Colin Marks<br /><br />This topic was well timed with the new year just beginning, I was already aware of the gym membership spike, coinciding with new years resolutions. I was surprised by how much. It would be interesting to see if different gyms have different trends, for example maybe people who get memberships at Golds Gym usually end their membership after 2 months but maybe people who get memberships at Westwood keep their memberships longer. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-25854444936920760512016-01-08T11:07:22.260-06:002016-01-08T11:07:22.260-06:00It is interesting to see the dramatic increase of ...It is interesting to see the dramatic increase of gym memberships during this time. I knew it was increased but I had no idea the extremity of it. I wonder if businesses like these make people commit to contracts for a minimum amount of time? It would be interesting to compare the amount of business that companies like that get versus the ones that only make a monthly commitment. Overall great post!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-52321661603936300452016-01-08T11:06:37.936-06:002016-01-08T11:06:37.936-06:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-3974990499682685812016-01-07T19:36:01.202-06:002016-01-07T19:36:01.202-06:00This topic is completely relevant considering how ...This topic is completely relevant considering how in just the past few weeks the amount of flyers I've received in the mail from various different gyms has dramatically increased. I think that gyms lower prices at the beginning of the year along with peoples' hopeful resolutions drives up demand for memberships. On that note, I wonder if there are any trends with what types of gyms people are joining? Are they places like Gold's and Planet Fitness, or more deluxe places like Westwood? Regardless, the gym will be cleared out within a month from now so the revenue increase will be short but sweet. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-71027504390611951432016-01-07T16:42:03.533-06:002016-01-07T16:42:03.533-06:00I recently witnessed the sudden increase of people...I recently witnessed the sudden increase of people in my cycling class on the 2nd of January. The sudden increase of people wanting to get in shape could potentially increase the amount of members at a gym, which would increase their revenue because of the demand. But, with the decrease of motivation for the New Year's Revolution I believe that gyms find more people canceling their memberships a few months into the new year. Although some people may stick with their gym memberships, I believe that the change in demand for the gym is very inconsistent throughout the year, but also repeat a cycle that the owners can prepare for in order to maintain profitable. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-45596496321925669722016-01-07T13:09:56.731-06:002016-01-07T13:09:56.731-06:00It is very interesting to realize how many people ...It is very interesting to realize how many people sign up for gym memberships in January in comparison to other months. The resolution probably occurs after the holidays, and thus it is interesting that many people do not follow through with their resolutions. I think that a further analysis of gym memberships in other months would have been insightful to figure if certain holidays correlate with fluctuations in gym memberships. I think that this would have added to your analysis of demand for gym memberships. Overall, however, I thought that your post was very interesting and that your economic terminology was sound. Nice job!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-21060658177250088662016-01-07T13:08:57.833-06:002016-01-07T13:08:57.833-06:00It's interesting to see just how many people j...It's interesting to see just how many people join a gym only for the first few months of the year. It seems that new years resolutions are destined to fail because if they truly wanted to get fit, they would do it without waiting for a new year as motivation. It may be worth while to see exactly how many people make the same mistake and join the gym again the next year, only to drop out once again after the first few months. Maybe after a while they will find a program that they like and continue with, but it seems that the thing that accomplishes these type of goals is discipline, not new years motivation. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-30304648875617410202016-01-07T13:08:56.815-06:002016-01-07T13:08:56.815-06:00You bring up an interesting point that is very evi...You bring up an interesting point that is very evident, especially in a society where getting in shape is "in". You definitely convince us that demand spikes because of the New Year and resolutions but why do people stop going to the gym when February rolls around? This is where an analysis of costs and benefits come in. At the beginning of the year people see getting in shape as a main priority and the best use of their time. However, as the year goes on and schedules become more filled people prioritize differently. They begin to think that an extra hour of free time or in the office is worth more than the hour spent at the gym. This cycle continues until next year's wake up call arrives and everyone heads back to the gym.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-34878791942863763342016-01-07T11:28:19.090-06:002016-01-07T11:28:19.090-06:00New years resolutions are a great way to get peopl...New years resolutions are a great way to get people back on track or to remind people of goals that they want to achieve. Although I think that writing down the resolution somewhere you would come across everyday and think about it, until it becomes second nature.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-58987539764772597192016-01-07T11:26:39.537-06:002016-01-07T11:26:39.537-06:00Was just discussing this with a friend actually, a...Was just discussing this with a friend actually, and how she got a new gym membership for this year. It's funny to know after a month people will soon cancel their membership. I feel working out and getting in shape for a "new year" is the most ridiculous and false thing I ever heard. No one is going to stick with that resolution for awhile. I bounce back and forth to Golds Gym and I have been with them since they opened in waukesha. They had a much smaller room to start off with. It was about the size of Anytime Fitness and now has a row all the way down full of different exercise machines. It evaluated and has become very popular, but they won't go bigger I feel because the amount of people always differs. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-51711112389070352092016-01-07T11:25:07.741-06:002016-01-07T11:25:07.741-06:00I think that this is an interesting topic coming i...I think that this is an interesting topic coming into the New Year. It is very common for people to want to become more fit and healthy with the start of the year however I never realized how dramatic the demand shifted in the month of January. Making the demand of work out clothes and shoes to increase along with the purchase of healthier foods. However this leads to the question of what month has the biggest decline of memberships, when do people give up?Anonymousnoreply@blogger.com