Muay Thai, or traditional Thai boxing, is the national sport of Thailand. It is one of the most popular sports among people of all age groups. Even children under 15 years of age follow and practice this sport religiously. It is estimated that there are more than 200000 children under the age of 15 who have registered with the Thai Boxing Board. International sports associations have also supported the development of the sport inside and outside Thailand. Today, Muay Thai is practised in multiple countries and the number of people wanting to train is growing day by day.
Building a Muay Thai training business in Thailand can be highly profitable if you can market well and provide a good training experience. Before you set out to build a training business or buy an existing small business for sale, you must consider the following things.
- Well Designed Training Facility
A well-designed training facility is very important for the success of a Muay Thai training business. Since Muay Thai takes place inside a ring, make sure there are enough of these to accommodate parallel sessions. Likewise, Muay Thai fighters need strength and agility training. Therefore, you must make sure there is enough equipment that suffices these types of activities. The most common equipment consists of gym equipment, punching bags, and skipping ropes. Furthermore, Muay Thai training also incorporates running sessions, warm-ups, and cooldowns. If your training facility is near a running park, it can be easier to carry out these sessions.
- Experienced Trainers and Staff
Having experienced trainers and staff is crucial for customer satisfaction. Since people of different competitive levels will train in your facility, it is necessary to provide a personalized scheme. Likewise, you might have participants both from inside and outside Thailand. Therefore, English speaking trainers might be necessary to train foreigners. Furthermore, keeping a friendly environment for all types of participants is extremely important. This will also help transfer a positive message of your brand from your customers.
- Marketing and Promotion
Marketing and promotion is a continuous process that is very much essential for your growth and expansion. There are several training programs offered by several providers across the country. Therefore, to stand out and reach many people, your promotion strategies and efforts will be very crucial. First of all, you must immediately invest in making an online presence. Having a website and digital marketing infrastructure will bring in customers more effectively than other processes. Similarly, for offline marketing, you might have to advertise during local events and competitions.
- Licenses and Insurance
If there are any licensing requirements, make sure you do not miss out on any of them. If possible, talk to a legal advisor before you start your operations. Similarly, having insurance will protect your business in case of accidents and losses. Combat sport can sometimes turn deadly and having such issues on your facility can bring lawsuits. Therefore, to protect your business in such circumstances, select a suitable insurance plan.
Buy and Sell Muay Thai Business With a Reliable Platform
If you want to buy and sell business related to sports in Thailand, we advise you to consult with a specialist business buy and sell firm. Easy Buy Sell Business Thailand is a highly reputed business for sales platform with unmatched experience in buying and selling multiple types of sports businesses. This includes sports retails, marketing agencies, blogs and media, sporting facilities, and gyms. They have a close understanding of the small business for sale across Thailand and hence can provide the best deals in a shorter period of time.