Last Updated: 24 December, 2024
The online sports coaching industry has seen tremendous growth in the last few years. According to the reports, the global online sports coaching platforms market size is anticipated to reach $1.24 billion from 2024 to 2028, growing at a CAGR of 14.07%. Driven by technological advancements, increasing interest in fitness & wellness, and the inclination of sports enthusiasts toward virtual training, the demand for online sports coaching platforms is on the rise.
Launching an online sports coaching platform offers lucrative business opportunities for entrepreneurs interested in entering this domain of coaching. However, building an online sports coaching platform from the ground up can be a challenging task. Therefore, in this blog, we provide a comprehensive step-by-step guide on how to build an online sports coaching platform.
CoachUp is an online sports coaching platform that connects sports learners with private coaches. They have a network of more than fifteen thousand qualified and experienced coaches across the country. Hundreds of online sessions happen every day on this platform in 30+ sports fields. CoachUp’s estimated annual revenue is currently $110.5 million per year.
Launched in: 2011
Headquarters: US
CoachList is a leading sports coaching platform that connects athletes, and fitness enthusiasts with experienced coaches. They offer a variety of sessions ranging from individual training, and team coaching to sports camps, health clubs, and more. The estimated revenue generated by this platform is around $4 million per year.
Launched in: 2017
Headquarters: UK and US
TrainingPeaks is a comprehensive sports coaching platform that connects sports enthusiasts, athletes, and sports training seekers with qualified coaches. They offer training in a variety of courses ranging from swimming, cycling, rowing, running, and many more. Clients can plan, track, and analyze their training all in one place. TrainingPeaks estimated revenue was $7.7 million in 2022. More than 500,000 athletes come monthly for their sports training needs on this platform.
Launched in: 2003
Headquarters: US
CoachNow is a popular online sports coaching platform serving 140 countries around the world. They offer programs in 60+ sports categories where the world’s best coaches provide training. They provide personalized workout guidance and workout plans to clients. The annual revenue of CoachNow was approximately $6.8 million.
Launched in: 2014
Headquarters: US
The tremendous success of these online sports coaching platforms must have sparked your interest to establish a similar platform to kick-start your business. However, before embarking on this endeavor, it is crucial to gain understanding of how such a platform operates.
Therefore, in the next section, we thoroughly explain how a sports coaching platform works.
The working of an online sports coaching platform is quite simple. Other than admin, it has two more types of users – coaches, and athletes. With details like coach experience, expertise, reviews, ratings, organization tie-ups, etc., it becomes easy for the athletes to find the right coach as per their specific needs. Below is discussed the detailed workflow of all users of the online sports coaching platform.
Simply put, online coaching marketplaces connect athletes with private coaches. The process is as simple as ‘search, schedule, and get trained’. Depending on the target market and popularity of sports, different sports are included in the sports coaching marketplace.
Now that you have become familiar with popular players and the workflow of an online sports coaching platform, let’s dive into the steps to build an online sports coaching platform.
Follow the steps mentioned below to build and launch your online sports coaching platform hassle-free:
The foremost step before starting with the online sports coaching platform is to identify the niche for your sports coaching platform. Choosing the right business niche is important to stand out in this crowded industry. Decide upon a niche that best suits your business by analyzing your strengths, interests & passions, and researching the sports coaching market. Here are the top sports coaching niche ideas for your online sports coaching business:
After finalizing the niche, the next important step is to gain insights about the industry and your competitors. Thoroughly analyze key player’s weaknesses and strengths and apply that knowledge in improving your business strategy. Additionally, obtain information about your target audience, understand their pain points, and cater to those pain points through your sports coaching platform.
For the sustainable growth of your sports coaching business, it is important to incorporate a robust revenue model on your platform. Consider the following revenue streams for a profit-making business venture.
Features play a crucial role in making or breaking the success of an online sports coaching platform. Let’s discuss the essential features required for a sports coaching marketplace.
Multilingual for Global Reach: An online sports coaching platform has users from all over the world. Therefore, a platform that supports foreign languages is an important feature, which allows you to connect coaches with sports enthusiasts without worrying about the language barrier.
Collaboration Tools: Coaches and athletes should be able to communicate in real-time via audio/video in order to have an efficient coaching session. In addition to that, collaboration via various other means is also considered essential for online sports coaching. Some of them are:
Easy to Use Interface: An online sports coaching platform should be easy to use. The navigation through the whole system should be smooth and coaches, as well as athletes, should be comfortable while using the platform.
Search Functionality: The search bar with the sports categories and filters within the platform allows athletes to filter out all the irrelevant and non-matching coaches, saving their time and efforts.
Location-Based Session Scheduling: Users (coaches and athletes) should be able to select their respective time zones which makes it easy to mark availability and book sessions. Having this feature eliminates the confusion among the coaches and athletes residing in different time zones.
Multiple Payment Methods: Offering multiple payment methods on the sports coaching platform like a credit card, debit card, net banking, etc. which are faster and more convenient for the athletes is essential for increasing sales and conversions. Also, make sure you offer popular payment gateways that athletes know are secure.
Matching Algorithm: A well-organized sports coaching platform should have an algorithm to help match athletes with coaches specific to their requirements. The platform should leverage the information provided by both the users and suggest recommendations to the coaches as well as athletes.
Review and Rating: Allowing athletes to rate and review coaches after the completion of the session makes the complete system more transparent. The ratings displayed on the profile of coaches make it less time-consuming for future athletes to select the coach as per their requirements.
Multi-Currency: It helps users to set the currency as per their preference which enables the athletes to pay the cost of the sessions in their own currency which is then converted into coaches’ currency by the admin before transferring.
Online Booking, Offline Session Functionality: Sports coaching involves a lot of interaction between the coaches and athletes. To make students understand the right technique and form of a particular sport, the coaches may have to conduct offline sessions. By leveraging online booking with offline session functionality, this need can be catered efficiently. Moreover, opting for software that comes pre-integrated with this functionality can further streamline the process of conducting offline sessions for coaches.
PWA: Due to the undeniable significance of mobile devices in today’s world, having a mobile app is essential to enable the users to access the platform on the go. Having a PWA of the sports coaching platform combines the best of both website and mobile apps and is the best approach to enhance online presence. One can obtain enormous benefits over competitors utilizing this trending technology.
Now the final step includes building your sports coaching platform. There are primarily two development approaches: Custom development and opting for a ready-made software.
Custom Development: This development method involves building your sports coaching platform from scratch. To implement your business idea successfully you need to hire a team of experienced web developers and designers. Custom development requires a high financial investment and the time taken to launch your online sports coaching platform may vary from a few months to even years.
Readymade Software: Another convenient and cost-effective option is to opt for readymade software. This software solution comes pre-integrated with all essential features and functionalities to successfully build and launch your online sports coaching platform. Moreover, readymade software solutions take less time to market and help in quickly launching your platform in the market.
Yo!Coach is one such advanced readymade software to launch your online sports coaching platform hassle-free. Yo!Coach offers best-in-class online tutoring specific features that make it easy for entrepreneurs to build and run their online sports coaching platform.
Key Highlights Of Yo!Coach
With all the basic and advanced features packed into the software, Yo!Coach minimizes the time-to-market and helps entrepreneurs to cater to the needs of athletes and coaches.
In view of the growth of digitalization, the online sports coaching industry will continue to remain unscathed and show promising growth opportunities for investors. However, with the increasing competition, it is essential to choose a reliable solution to launch a feature-rich online sports coaching platform. Packed with all the features mentioned above, Yo!Coach is a robust software to build a successful sports coaching platform. It will not only help accomplish your business goals but also establish you as a pioneer in the sports coaching industry.
Also Read: How to Launch Online Coaching and Mentoring Platform
All innovation starts with an idea to solve real-world problems. At FATbit Technologies we are passionate about driving digital transformation to prepare businesses for a digital-first tomorrow. Let’s discuss your BIG idea NOW.
Disclaimer: The Blog has been created with consideration and care. We strive to ensure that all information is as complete, correct, comprehensible, accurate and up-to-date as possible. Despite our continuing efforts, we cannot guarantee that the information made available is complete, correct, accurate or up-to-date. We advise - the readers should not take decisions completely based on the information and views shared by FATbit on its blog, readers should do their own research to further assure themselves before taking any commercial decision. The 3rd party trademarks, logos and screenshots of the websites and mobile applications are property of their respective owners, we are not directly associated with most of them.
Sapna Sharma is a Content Writer at FATbit Technologies. Through her blogs, she brings insightful information to help entrepreneurs and startup owners know about recent market trends and developments in the eCommerce industry. In her spare time, she likes to paint and read books.
Comments (2)
Michael Reddy
FATbit Chef
Hi, please could you provide more information on the cost of this coaching platform and the timescale from start to finish.
We already have a website similar to the one discussed but our design team has let us down in a number of areas. Can you come in and pick it up from where we are currently at or would you need to start from scratch again?
Many thanks,
Michael Reddy
Hello Micheal,
We would surely like to help you with your coaching platform. To serve you better we would require more info about your business. Please share your website’s Demo URL,requirements and budget with us via https://www.fatbit.com/website-design-company/requestaquote.html
And our startup expert will get back to you 🙂
Regards,
FATbit Team