GYM Fee's

Col_Loki

Hey Guys, i know this might seem like a silly question but it would be great to get it clarified.

Can you tell me why Students get a discounted rate at GYM's?
Is it just the Gym saying, well they have less money and thus we charge them less so they will join....or.... do they get a tax break/government payment?

The reason i ask is because a mate of mine has just joined a Gym getting the Student Rate but he is no longer a student (he finished last year). Are there any checks etc or or did he just get lucky with the rate he got?

Thanks in advance.

Gillo

Your friend was lucky that they weren't asked for a student card, most places insist on proving you are a student.

Linoge

Col_Loki wrote: »

Is it just the Gym saying, well they have less money and thus we charge them less so they will join...

Thats exactly it, its called price discrimination.

hunnymonster

The theory with student discounts (across the board, not just gyms) is that although the average student doesn't have much money now, they are studying for a qualification that will put them into the higher earning brackets and they will have a higher disposable income for luxury items such as gym memberships, clothes, restaurants etc than an unqualified person. Consumer loyalty is a huge market so getting them as students means they are likely to stay with the same gym when the fees go up.

Malteaser!

Col_Loki wrote: »

The reason i ask is because a mate of mine has just joined a Gym getting the Student Rate but he is no longer a student (he finished last year). Are there any checks etc or or did he just get lucky with the rate he got?

He was lucky he got away with it.

When I joined my gym a student card wasn't enough. They wanted a transcript of my exams to show what year I was in (even though it had it on my card) and something that would show that I would be going back in September.

WHIP IT!

Malteaser! wrote: »

He was lucky he got away with it.

When I joined my gym a student card wasn't enough. They wanted a transcript of my exams to show what year I was in (even though it had it on my card) and something that would show that I would be going back in September.

Good Lord! Did they shine a bright light in your eyes, throw cold water over you and shout "Vot is yo name??" at you repeatedly as well??

Malteaser!

WHIP IT! wrote: »

Good Lord! Did they shine a bright light in your eyes, throw cold water over you and shout "Vot is yo name??" at you repeatedly as well??

It's funny actually, a friend of mine joined a few weeks after me and she didn't have a letter from her college so they let her join as a student on the promise that she'd get the letter as soon as she could but they put a stop on her card so she couldn't swipe in, each time she went up she'd have to go tell them she hadn't gotten the letter yet before she was able to get in!!

Jimmy Bottlehead

WHIP IT! wrote: »

Good Lord! Did they shine a bright light in your eyes, throw cold water over you and shout "Vot is yo name??" at you repeatedly as well??

Hahaha, classic, I LOL'd at work.

In fairness, students DO have less money, so I can understand it. Then again, thats coming from someone who wouldn't join a gym til he got the membership for 265....!

Col_Loki

Ahh so the Dodgy fecker got away with it then. If only we were all so lucky....

It's funny actually, a friend of mine joined a few weeks after me and she didn't have a letter from her college so they let her join as a student on the promise that she'd get the letter as soon as she could but they put a stop on her card so she couldn't swipe in, each time she went up she'd have to go tell them she hadn't gotten the letter yet before she was able to get in!!

That is insane!! Are you allowed to tell us the Gym? (for humor sake)

Malteaser!

Col_Loki wrote: »

That is insane!! Are you allowed to tell us the Gym? (for humor sake)

Total Fitness in Blanch!

RacoonQueen

My gym never asked me for proof of being a student.

jack90210

hunnymonster wrote: »

The theory with student discounts (across the board, not just gyms) is that although the average student doesn't have much money now, they are studying for a qualification that will put them into the higher earning brackets and they will have a higher disposable income for luxury items such as gym memberships, clothes, restaurants etc than an unqualified person. Consumer loyalty is a huge market so getting them as students means they are likely to stay with the same gym when the fees go up.

Your economics is wrong. Price discrimination is to do with revenue maximisation for the present time. Loyality is an additional feature external to the model.

javaboy

jack90210 wrote: »

Your economics is wrong. Price discrimination is to do with revenue maximisation for the present time. Loyality is an additional feature external to the model.

Not always. For example see fee free banking for students (before they were pushing credit cards in the big way they are now )

jack90210

javaboy wrote: »

Not always. For example see fee free banking for students (before they were pushing credit cards in the big way they are now )

Students are likely to take out loans where the banks make money on the interest.

Linoge

yawn... but here are the economics of it

http://tutor2u.net/economics/revision-notes/a2-micro-price-discrimination.html