Leaving Money On The Table
The cost to acquire new clients varies (drastically). According to google the average CAC is around $500 for the average boutique HIT studio. Most of us know that it's easier to keep old clients than to get new ones. But one strategy I almost never see HIT studios doing is probably the most basic, effective, and easiest way to boost revenue without costing you a single dollar. It's simply... offer more frequent workouts ๐คฏ. I too was once a superslow HIT purest. I'm certified in SS and cut my teeth in the beginning of my career educating clients on the minimum effective dose for exercise. While this is a fantastic strategy for clients with busy lifestyles and will give you a plethora of health benefits, the reality is that while more isn't always better, a little bit more doesn't hurt either, and usually can do wonders for growing your business. If you're shaking your head at changing your marketing strategy from "15 minutes a week", don't worry. Not all your clients will be interested. But the reality is... some will. In the market of busy professionals, which I have spent the better part of a decade training, we often underestimate clients' capacity and enjoyment of exercise. True many of your clients, especially if you run a pure SS studio, are just there for their "medicine", many others will feel the urge to do more. If you don't offer more as an option, you may keep them, but in time they may go somewhere else that doesn't make them feel silly for doing just a little extra. Let's do a little math problem. Assuming it costs you (on average) $500 to acquire a new client. Let's say you do 40 sessions/week (at $100/session) at the moment and you hope to grow to 60 sessions/week in the next few months. Going the traditional route of client acquisition, you will spend in the ball park of $10k to get those additional 20 sessions. Or... you could simply send an email and chat with clients in person inviting them to try training more frequently (say 2x/week instead of one). If you only got 50% of your clients to agree, you just added another $12k to your bottom line in one month ($2000 for the new sessions, and you saved the $10k on advertising).