Posts Tagged ‘yoga-marketing’

Why FREE is key…

Monday, June 22nd, 2009

free-stuff
Everyone loves free stuff. In any form. Whether it’s free food samples at the grocery store or promo items like pens and magnets. So, what does this have to do with your yoga business?

Well, almost every yoga studio has some sort of promotion targeted at new students - $10 discounted price for your first class, 20% off if you buy a series of classes, etc. But why not go that extra step and give away that first class for free?

Yes …FREE!

Why?

There are already so many hurdles a potential client goes through before they finally land into one of your classes. Maybe they’ve finally found the time, maybe they were unsure of what practicing yoga can do for them, maybe they felt intimidated, maybe they thought they’re too old, too young, too physically weak, too busy and all those other excuses to finally decide to give yoga a shot.

Now what? They have to find a studio or teacher. They look through the phonebook, do searches online, talk to friends, co-workers. Then comes all the other decision factors. Do they choose your studio? Is it the closest? Are they catered to beginners, is this the right style of yoga and one of the primary decision criteria potential students use…how much does it cost?

So why not remove this barrier altogether and make their first class for free? Or even the first week free?!

Like the old adage – it’s better to give than to receive. With the recession, you may have noticed many large corporate companies all running free programs – McDonalds free coffee, Starbucks free lattes, and KFC free chicken combos (which got a mention from Oprah!).

This gets them in the door and without any guilt in spending their hard-earned money on trialing an activity they’re not sure they would enjoy. If they paid $10 for their first class, their perception of the benefit and value from that first class is judged against the fee they paid.

Think about if you were at a restaurant, see an item on the menu that you’ve never tried before and ordered it. Say it cost $30, your review of the meal will now be based against the cost and you might not have enjoyed this new dish as much (too cold, too hot, too bland)…now imagined if the waiter came by and said your meal was free, all of a sudden, you’re now glad you tried something new, and pleasantly surprised to learn that you actually really like eggplant!

In general, people are more likely to buy when they feel they have received something initially for free.

And what does free get you?? A lot! You will get more potential students to trial your studio that could turn around and be regular members. If they don’t convert right away, you’d have their name and email address that you can use for future opportunities. Maybe they’ll even bring a friend for their first time, now you have 2 potential new students. They’ll get a chance to see what your studio is like, the atmosphere, the teachers, the other students. You will also get you word-of-mouth opportunities that people will pass on.

Try it out at your yoga studio for a month or so and see if this brings in more trial students.

6 Marketing Tips to Boost Profits at Your Yoga Studio

Sunday, March 29th, 2009

Let’s get straight down to it. Here are 6 marketing tips that are sure to boost profits at your yoga studio.

1. Systematize! Systematize! Systematize! When starting a small business, it can be overwhelming to figure out all the systems and software out there that can make your life easier. The single most important activity you must implement is to systematize and put all the information of your members into a database or spreadsheet. This includes their activity, class attendance and any purchases they’ve made with you. You can then turn this gold-mine of information into increasing the value of each member over their time with you.

2. You might already know that personalizing emails to your students is a key ingredient to forming a lasting relationship with your readers. But it is not enough to just insert a name into the Dear Sir/Madam greeting. You’ve probably subscribed to many email subscriptions yourself that attempt to personalize their communications to you. How personal are they really? Yoga students feel a connection to their studio and want to feel part of a community. You can learn what more you can do to make your email communications more effective by reading the 7 Essential Business Strategies of Successful Yoga Studios.

3. Follow-up! Ask yourself how often you follow up with potential customers? Do you contact them by phone or email to see how things are going during or after their initial trial period? This follow-up could be the final push they need to go ahead and become permanent members of your studio.

4. Know your customers. If someone asked you, who and what are your members like…would you be able to give a definitive answer? Knowing your members, from demographics to psychographics and motivations will not only help you acquire new students but to come up with innovative ways to keep the members you do have.

5. Retention is King! Did you know that keeping your current students happy and around longer is cheaper, takes less work and costs less than attracting new students? Most studios tend to put all their advertising dollars into getting more clients. But effort is best spent focusing on promotions and offers catered to their current members. Learn easy and low-cost methods in our guide that are guaranteed to keep your clients for life!

6. Why are referrals the most valuable new students you can get? Because they tend to stay around longer and are more likely to join. Friends are likely to refer someone who is interested in trying yoga and this also gives them a partner that will motivate them to attend classes. Learn the ins and outs of how to formalize a refer-a-friend program that brings instant results!

There you have it - the 6 marketing tips any yoga studio can use that if done correctly, will bring you more revenue and fill up your yoga classes. For more step-by-step directions and essential marketing strategies to boost profits, check out the Boost Your Yoga Business! Toolkit today..

MudraMarketing.com™ is committed to provide effective marketing solutions for the yoga industry and its community. Please contact us with any questions or feedback you may have at info@MudraMarketing.com