Crisis Education Strategy
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TRX pivoted their B2B education model during COVID-19 by converting paid certification courses to free digital delivery, using market disruption as an opportunity to build relationships and grow their community.
Core Business Model:
- Multiple Revenue Streams:
- Physical Products (70% pre-COVID): Suspension trainers and gym equipment ecosystem
- Education (30% pre-COVID): B2B certification courses
- Digital Subscription: $4.95/month app for end users
Education Strategy:
- Traditional Model:
- $295 for 8-hour in-person qualification courses
- 10 different course types
- Provides continuing education credits for fitness professionals
- Targets trainers, coaches, and gym owners
Crisis Pivot:
- Converted paid courses to free delivery via Zoom
- Temporary removal of app paywall
- Goals:
- Support professionals who are out of work
- Build goodwill with existing customers
- Attract new customers into ecosystem
- Grow TRX community during downtime
- Convert free users to paid after crisis
Distribution:
- Omnichannel approach:
- Direct sales force (inside and outside)
- Paid advertising to commercial landscape
- Account development
- Traditional B2B marketing to reach gym owners and trainers
The strategy leverages temporary market disruption to build long-term customer relationships, with plans to monetize expanded user base post-crisis.
18:32 - 19:31
Full video: 01:13:19RH
Randy Hetrick
Former Navy SEAL who founded TRX, revolutionizing suspension training equipment and programs. Launched OutFit during the COVID-19 pandemic, providing innovative fitness solutions. Combines military discipline with entrepreneurial spirit to promote health and fitness worldwide.