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  • TGIF Edition

    TGIF Edition

    Your Resources

    Canva Template

    Your starter template has done most of the design work for you around the topic of each post. Simply adjust the copy as needed, add your logo and switch the colors to match your brand.

    Your BONUS Resources

    12 month planner spreadsheet

    Your 12 month marketing planner spreadsheet will help you plan, create and execute an annual marketing plan for building your Pilates business.

    12 month planner

    Google drive folder organization

    Download this Google drive folder organizations that file for premade folder structure that will keep track of all your Get Social Done assets and resources. Note these are meant as an example, and work great but you have to change the names of the folder to match the campaigns that you use.

    Zip File Download

    Campaign Creation Checklist

    Download this spreadsheet to help you track the progress of your  Get Social Done campaign assets creation.

    Get the spreadsheet

    Campaign Automation Spreadsheet

    Download this spreadsheet to when you’re ready to begin streamlining your process by uploading and automating a years worth of Evergreen campaign content that can be reused year after year.

    This spreadsheet is formatted for our own social media automation product. If you use another solution like HootSuite, you can download an automation template from your account.

    Get the spreadsheet

    Production & Automation Accounts

    Tutorials

    Where to Find Your Get Social Done Purchases

    The tutorial videos below will show you where to find the get social done campaigns that you have purchased.

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    getting organized

    The tutorial videos below will guide you step-by-step through the process of getting organized and will drive. As well as downloading the assets in your getting social done membership into the file organization that you create or download..

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    Your GSD Images And Captions In Canva

    The tutorial videos below will guide you should do the process of accessing, editing, downloading and organizing your Canva templates.

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    Get A Canva Account

    CAnva is a trusted PBP partner.

    Downloading Your Design Images From Canva

    The tutorial video below will show you how to prepare your posts for scheduling or automation.

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    Organizing Your Design Images From Canva

    The tutorial videos below will show you how to download your prepared post automation spreadsheet, and then schedule them using our social media automation workspace.

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    Uploading Designs To Your Content Library, add captions, categorize and schedule posts

    The tutorial videos below will show you how to upload designs to your content library, add captions, categorize and schedule posts in minutes/

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    Fitness Expert Club Benefits

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    • access to our private Facebook group Pilates professionals if you’re not already a member.
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      •  Go through the ” Pathway to the “Truly Hybrid Fitness Business” course, to indicate your interest in participation in these exciting conversations.

    Free Courses – Instant Access

    Guide

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    1 Lessons

     

    Future Proof Your Fitness Business Selling Videos To Clients Beyond Your Neighborhood

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    12 Lessons

     

    Pathway To The Truly Hybrid Fitness Business

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    Video/Text

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    2 Lessons

     

    MINDBODY Bold 2021: Increase Your Intro Offer Sales With 10x Retargeting Funnels

    __CONFIG_colors_palette__{“active_palette”:0,”config”:{“colors”:{“89b00”:{“name”:”Main Accent”,”parent”:-1},”f4f63″:{“name”:”Accent Dark”,”parent”:”89b00″,”lock”:{“saturation”:1}}},”gradients”:[]},”palettes”:[{“name”:”Default”,”value”:{“colors”:{“89b00”:{“val”:”var(–tcb-skin-color-0)”},”f4f63″:{“val”:”rgb(24, 33, 42)”,”hsl_parent_dependency”:{“h”:210,”l”:0.13,”s”:0.27}}},”gradients”:[]},”original”:{“colors”:{“89b00”:{“val”:”rgb(19, 114, 211)”,”hsl”:{“h”:210,”s”:0.83,”l”:0.45,”a”:1}},”f4f63″:{“val”:”rgb(12, 17, 21)”,”hsl_parent_dependency”:{“h”:206,”s”:0.27,”l”:0.06,”a”:1}}},”gradients”:[]}}]}__CONFIG_colors_palette__ Continue course

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  • The Unseen Trap: Why Your Fitness Business Can’t Be Your Community

    The Unseen Trap: Why Your Fitness Business Can’t Be Your Community

    Introduction (The Tragic Mistake)

    As a consultant and operator in the boutique fitness space, I’ve witnessed a heartbreaking scenario unfold time and again. It’s the story of the idealist business owner, whether young and eager or seasoned with a corporate past, who makes a critical error: believing their business can also serve as their community. While younger operators often have the resilience to learn from this mistake and adapt, for older entrepreneurs, the consequences can be particularly devastating, leading to profound disappointment at a time when they seek meaning and success.

    The Core Conflict (Business vs. Community)

    The heart of the issue lies in a fundamental misunderstanding of how businesses and communities function. Businesses operate on clear, measurable metrics: client retention, lifetime value, profit and loss, and the return on investment from advertising. These are the guideposts for informed decisions that drive success.

    Community, however, thrives on a different set of values: trust, loyalty, mutual benefit, safety, and comfort – all deeply rooted in emotion and connection.

    The Downward Spiral (Consequences of Mixing)

    When we blur these lines, convincing ourselves that clients can also be community members, especially when we are both the landlord and service provider, we set ourselves up for a tragic downfall. The moment you need to make tough business decisions – like adjusting pricing to ensure sustainability and reasonable profit (because, let’s be honest, businesses need to make money to survive!) – those clients you’ve embraced as community members will often resist. Their personal connection can make them feel entitled to influence decisions that, while necessary for your business, might negatively impact them.

    A Real-World Example (The Pilates Studio)

    Consider the example of our own Pilates studio. Two well-meaning, idealistic owners inherited a business they advertised as “your Pilates community.” They treated staff and clients like close friends. The result? The business consistently struggled, never turning a profit, and the owners frequently sacrificed their own paychecks to make payroll. Years passed, and the core problem persisted. Then COVID hit, and with clients and employees gone, it presented a stark opportunity for a fresh start.

    The Turning Point (The Solution)

    I helped them see the crucial need to separate the business from the concept of community. The clients could certainly form a community among themselves, but the owners, as business leaders, could not actively participate in that dynamic without compromising their ability to make essential decisions.

    The Transformation (The Success Story)

    Five years later, the transformation is remarkable. The business is thriving beyond their wildest dreams, all because of that single, pivotal decision to distinguish business from community. To put it in perspective, before this change, annual revenue never exceeded $400,000. Today, it’s closer to $900,000 and projected to hit a million next year.

    Key Takeaway/Call to Action

    If you aspire to both business success and a rich community life, that’s a commendable goal. But the key to achieving both is to build them separately. Your business needs clear boundaries and strategic decisions to flourish, while your community thrives on authentic, unburdened connection. Seek both, but build them separately according to the principles the govern each, and you’ll likely find success in each.

  • Reviving Relationships: Unleashing the Power of Win-Back Marketing Strategies

    Reviving Relationships: Unleashing the Power of Win-Back Marketing Strategies

    Unlocking The Potential Of Win-Back Marketing

    In the competitive market of the boutique fitness business, attracting new clients is crucial for long-term success, but so is retaining clients. It’s not uncommon for people to drift away for various reasons.

    This is where win-back marketing comes into play. 

    Win-back marketing refers to the strategies and actions taken by fitpreneurs to re-engage and regain the trust and loyalty of former clients. In this blog post we will explore several win-back marketing strategies and decipher possible pros and cons for each strategy, and then lay out the actions underneath each strategy.

    win-back marketing

    First, what exactly is win-back marketing?

    It’s a targeted approach that aims to reignite the interest of lapsed clients who have previously engaged with your business, but have not made a purchase or interacted for a certain period.

    win-back marketing

    By identifying these dormant clients and implementing specific strategies, businesses can reconnect with them and encourage repeat purchases or renewed engagement.

    Before we get to specific strategies let’s outline the goals for win-back marketing.

    The Goals of Win-Back Marketing

    There are several potential advantages to implementing win-back marketing strategies:

    Rebuilding Customer Relationships:

    The primary advantage of win-back marketing is the opportunity to rebuild relationships with former client. By reaching out to them and addressing their concerns, you have a chance to rectify any issues and demonstrate your commitment to their satisfaction. Learning what went wrong, means adjustments can be made to avoid the same problem in the future.

    Cost-Effective: 

    There’s an old saying, “It’s cheaper to retain existing customers than it is to acquire new ones.” Win-back marketing is a cost-effective strategy because you already have a relationship with your disengaged clients. For little or no cost you can launch targeted campaigns using Email and SMS Marketing channels to deliver personalized invitations, offers and promotions designed to win them back.

    Gain Customer Insights:

    WIn-back marketing campaigns present the perfect opportunity to learn why a client might have left. To know the truth, no matter what the reason, gives you valuable insights about client preferences, overlooked pain points, and any lapses in customer service. In short, the boutique fitness business that understands why a client becomes inactive, can take responsibility for making adjustments to their services that can prevent losing a customer for the same reason in the future.

    Competitive advantage:

    Actively pursuing win-back strategies can set a fitness studio apart from competitors who focus solely on acquiring new clients. The business that demonstrates a commitment to re-establishing relationships and addressing client concerns, Is the business that creates a competitive advantage for itself in the market.

    win-back marketing

    The Best Win-Back Marketing Strategies for Boutique Fitness Businesses

    Win-back marketing strategies are aimed at re-engaging with clients who have stopped using your services. Here are some win-back marketing strategies specifically tailored for a boutique fitness business:

    win-back marketing

    Win-back marketing Via Personalized Email Campaigns:

    Send personalized emails to previous customers, addressing them by their names and highlighting the benefits of returning to your fitness business.

    These emails can offer:

    •  Incentives
    • Discounted memberships
    • Exclusive classes
    • Personalized sessions

    The benefits of personalized email campaigns are easy to decipher and include

    • Showing your clients that you are thinking about them (who doesn’t love that).
    • Bringing your fitness studio to the top of their mind, so that when they have that “I need to get in shape” thought. Your business is the first place they think of.
    • Reminds clients of a time when they felt great.
    • Shows your clients that they are special!

    win-back marketing

    Win-back marketing Via Personalized Re-engagement Calls:

    Identify a segment of previous clients who were once highly engaged or long-term members, and reach out to them with personalized phone calls. Ask them questions that show you care about their fitness and their health.

    In this conversation remember to:

    • Discuss their fitness goals
    • Where they may be succeeding in fitness today. Be sure to congratulate them if they have found a new way to keep moving.
    • Ask about any past injuries that might be leading to pain points in the present
    • Be frank. Make sure that they didn’t leave because of dissatisfaction with a part of your business, and if you find that they did, let them know that you really appreciate the feedback and will make appropriate changes.
    • Be conversational. We all learn to love our clients and the relationship that is built over the years is special and catching up with a client like an old friend will make them feel special too.

    This personal touch can make a significant impact and remind them of the positive experiences they had with your business. And If they become long term clients once again they will be sure to increase your average client value

    win-back marketing

    Win-back marketing Via Feedback and Surveys:

    Send out surveys to former customers to gather feedback and understand why they stopped using your services.

    Use this information to address:

    • Address discovered Issues and concerns
    • Improve your offerings
    • Create new classes or services based on suggestions

    This will show former clients that you value their opinions. And it will provide a platform for them to voice their feedback and suggestions directly. If they are able to communicate their dissatisfaction with you then they are less likely to tell the community at large.

    Remember, consistency and personalization are key in win-back marketing strategies. Tailor your approach based on your target audience’s preferences, communicate the value you offer, and make it easy for them to return.

    win-back marketing

    Win-back marketing Via Social Media Engagement:

    Leverage your social media platforms to influence previous customers.

    You can share information about other customers that have returned to your fitness business. This helps the client you want to win-back see themselves in your social media.

    These posts can include:

    • Share success stories
    • Before-and-after transformations
    • Testimonials
    • You can use TBT and flashback Fridays to highlight the clients you want to win-back

    win-back marketing

    Win-back marketing Via Special Promotions and Offers:

    Create special promotions and offers exclusively for returning customers.

    You could offer:

    • A “Welcome Back” package
    • Discounted membership rate for a limited time
    • Offer a free welcome back class to individual people

    win-back marketing

    The goal of these offers is to make your clients feel valued and missed, and you show this with your actions by providing an enticing reason to return.

    win-back marketing

    Actions For Successful Win-Back Marketing

    Now, let’s examine some of the actions that can be taken if you’ve decided to go ahead with win-back marketing.

    1. 1Personalization: Always address a client’s concern or pain point, when you learn of it, by responding to them personally. This demonstrates that you value their individual needs and are committed to rectifying any previous shortcomings.
    2. 2Incentives and Benefits: Offer exclusive incentives, discounts or benefits to entice former clients back. Highlight any improvements or new features you have implemented since their departure to showcase your commitment to continuous growth and enhancement.
    3. 3Multi-Channel Approach: Utilize various marketing channels to reach out to former clients. This can include personalized emails, a personal phone call or even direct mail.
    4. 4Feedback and Customer Support: Provide avenues for clients to voice their concerns or feedback. Promptly address any issues showing your dedication to their satisfaction and resolving any past grievances.

    win-back marketing

    In A Nutshell

    win-back marketing

    Win-back marketing can be a powerful strategy for fitness businesses looking to revitalize relationships with lapsed customers. By implementing personalized and targeted actions, leveraging client data and maintaining a client-centric approach, businesses can increase their chances of successfully reconnecting with lapsed clients, fostering loyalty, and driving growth in the long run.

  • 3 Reports For Bookkeeping Essential To Running A Business

    3 Reports For Bookkeeping Essential To Running A Business

    The “WHY” Behind Needing To Know The 3 Reports For Bookkeeping

    You’re Not The Only Business Owner Struggling To Manage Your Finances.

    3 Reports For Bookkeeping

    If you are a small business owner who is struggling with managing your finances and keeping track of your business’s financial health, we have 4 words for you: you are not alone!!

    Staying on top of your finances is crucial for sustainable growth and success. This article is meant to help end the struggle of managing your business finances by setting the path to success firmly on a foundation of effective bookkeeping.

    One of the most important benefits of effective bookkeeping is being able to generate the financial reports that can give you a clear and accurate picture of your business’s financial health.

    There are 3 reports for bookkeeping that set your foundation for success:

    1. 1Balance Sheet
    2. 2Profit & Loss Statement
    3. 3Cash Flow Statement 

    The Problem With Not Understanding Your Business’s Finances

    It’s simple, without accuracy in those 3 Reports For Bookkeeping, you will not have the ability to:

    1. 1Make informed business decisions
    2. 2Assess profitability

    In this blog post, we’ll discuss the importance of these 3 reports in bookkeeping, and how to ensure the reports that your bookkeeping software gives you are an accurate picture of your business’s finances.

    We will include a few tips with each report on how to ensure accuracy.

    The 3 Reports For Bookkeeping Solution

    The Balance Sheet: Assessing Financial Position

    3 Reports For Bookkeeping

    The balance sheet provides a snapshot of your business’s financial position at a specific point in time.

    It provides an overview of your assets, liabilities, and equity, giving you a clear understanding of your financial position.

    assets include

    • cash
    • inventory
    • Accounts Receivable

    liabilities include

    • loans
    • Accounts Payable
    • taxes owed

    equity represents

    • owner’s stake in the business

    assets include

    • cash
    • inventory
    • Accounts Receivable

    liabilities include

    • loans
    • Accounts Payable
    • taxes owed

    equity represents

    • owner’s stake in the business

    The 1 of 3 reports for bookkeeping IS the balance sheet is essential because it allows you to see how much your business is worth and how much debt you owe. It also enables you to identify potential financial risks, such as excessive debt or slow-paying customers. 

    Here are 2 essential tips to ensure accuracy on a balance sheet:

    Double-Check Data Entry: Accuracy starts with inputting the correct information into the balance sheet. Double-check all the data including numbers, names and accounts to minimize the chances of errors. Ensure that the information is entered accurately on source documents such as:

    • financial statements
    • invoices
    • bank statements
    • supporting schedules

    Reconcile Accounts: Regularly reconcile all accounts mentioned in the balance sheet to ensure that the recorded balances match the actual balances.  This includes:

    • bank accounts
    • Accounts Receivable
    • Accounts Payable
    • inventory
    • Any other relevant accounts

    Reconciliation involves comparing the balances in the financial records with the corresponding external documents or statements, such as bank statements or supplier statements.

    Profit & Loss Statement: Assessing Financial Performance

    3 Reports For Bookkeeping

    The Profit & Loss provides a summary (over a specific period) of your company’s

    • revenue
    • expenses
    • net income

    The 2 of 3 reports for bookkeeping is the P&L statement which provides an overview of your business’s profitability, showing how much money you’ve made and how much you’ve spent.

    Your Profit & Loss statement is crucial because it enables you to see whether your business is making a profit, or taking a loss. It also enables you to identify areas where you can reduce expenses or increase revenue. 

    Here are 2 essential tips to ensure accuracy on a P&L statement:

    Categorize Expenses Correctly: Accurately categorizing expenses is crucial for a reliable P&L statement. Create well-defined and appropriate expense categories that align with your business operations. Ensure that expenses are correctly allocated to the appropriate categories. Misclassifying expenses can distort the financial picture and hinder accurate analysis and decision-making.

    Thoroughly Review and Verify Data: Carefully review all the financial data and information that goes into preparing the P&L statement. Verify the accuracy of the figures, such as revenue, expenses and costs by cross-referencing them with supporting documents like

    • invoices
    • receipts
    • bank statements

    Pay close attention to any potential errors or inconsistencies and rectify them before finalizing the statement. 

    Cash Flow Statement: Assessing Cash Management

    3 Reports For Bookkeeping

    The cash flow statement tracks the flow of cash in and out of your business over a specific period of time in categories like:

    • cash
    • accounts receivable
    • accounts payable

    Those three help you understand how changes in the company’s balance sheet accounts affect its cash position. 

     Your cash flow statement the 3rd of the 3 reports for bookkeeping is important because it allows you to see whether your business is generating enough cash to pay its bills. It also enables you to identify potential cash flow problems such as slow-paying customers or excessive inventory.

    Here are 2 essential tips to ensure accuracy on a cash flow statement:

    Accurate Recording of Cash Transactions: Ensure that all cash transactions are recorded accurately and promptly. This includes inflows (income received) and outflows (expenses paid) from various activities such as operating, investing and financing activities.Thoroughly review source documents such as

    • bank statements
    • invoices
    • receipts
    • payment records

    Ensure the correct amounts and dates are recorded.

    Reconciliation of Cash Balances: Regularly reconcile the cash balances between your financial records, bank statements, and other supporting documents. This process helps identify any discrepancies or errors in recording cash transactions. Reconciliation involves comparing the ending cash balance in your statement with the corresponding bank balance, and investigating and resolving any differences.

    3 Reports For Bookkeeping – The Bottom Line

    In conclusion, the most essential 3 reports for bookkeeping are the 

    1. 1Balance Sheet
    2. 2Profit & Loss Statement
    3. 3Cash Flow Statement 

    Their accuracy is crucial to managing your business’s financial health. They provide a clear understanding of your business assets, liabilities, revenue and expenses, allowing you to make informed decisions, set realistic goals and attract investors.

    Once the accuracy of your 3 reports for bookkeeping is insured by following the sound accounting practices outlined above, you have set the stage for success. Then, regular review will allow you to identify potential financial risks and opportunities, solve financial problems, and ensure the long-term success of your business. 

    Resources

  • 4 Reasons It’s Beneficial To Know: What Is Retargeting In Digital Marketing?

    4 Reasons It’s Beneficial To Know: What Is Retargeting In Digital Marketing?

    The 4-1-1 On What Is Retargeting In Digital Marketing

    If you’ve ever browsed a website for a product, only to see an ad for that same product on a different site, you’ve experienced retargeting in action. In this blog post, we’ll explore:

    • What is retargeting and digital marketing
    • How retargeting works
    • Why retargeting is such a important tactic for marketing Boutique fitness businesses

    what is retargeting in digital marketing

    A simple answer to the question “what is retargeting and digital marketing?” is this:

    Retargeting is a form of online advertising that only shows ads to people who’ve interacted with your website.

     Any interaction can trigger the showing of retargeting ads to a website visitor. Interactions like:

    • A visit to your website
    • A visit followed by creating an account without purchasing an intro package or scheduling a first visit
    • A visit where someone added an intro package to the shopping cart, but then abandoned the cart

    what is retargeting in digital marketing

    The idea behind retargeting is to keep your potential clients’ desire to try your services top of their mind and encourage them to take the next step, such as buying an intro package or scheduling their first appointment. 

    Now that we have a better understanding of the answer to the question “What Is Retargeting in Digital Marketing?”, let’s move on and talk about the benefits of using it.

    Why You Should Use Retargeting In Digital Marketing

    Retargeting is a highly effective digital marketing technique that can help you reach potential clients who have already researched your service.

    Here are 4 benefits of using retargeting in your digital marketing campaigns:

    what is retargeting in digital marketing

    Increased Conversion Rates: Retargeting helps to keep your service in front of potential clients, reminding them of their initial interest in your skills. This consistent exposure can lead to more purchases because people are more likely to convert after being exposed to the possibilities of your service multiple times.

    what is retargeting in digital marketing

    Better ROI: Retargeting ads typically have a higher ROI than other forms of online advertising because they are only shown to people who have already shown an interest in your business. The ads are shown to fewer people that are more likely to convert. As a result, you will have a smaller investment that leads to a higher return. 

    what is retargeting in digital marketing

    Improved Awareness: Retargeting ads can help to improve the awareness of your boutique fitness business within your community. By keeping your brand in front of potential customers that don’t convert immediately, you are helping them remember that they want the fitness transformation that your service provides. And they may even tell their friends about it.

    what is retargeting in digital marketing

    Customized Messaging: Retargeting allows you to create customized messaging for people that are at different points in your sales process.

    For example, you could create retargeting ads for people who registered but didn’t buy an introductory package, and then create different ads for people that simply were perusing your website.

    This customization can help to make your ads more relevant and appealing to your potential clients.

    How Does Retargeting Work?

    Here’s how retargeting typically works:

    what is retargeting in digital marketing

    1. 1A user visits a website: When a user visits a website, a cookie (a small piece of data) is stored in their browser.
    2. 2The user leaves the website: If the user leaves the website without making a purchase or completing a desired action, the cookie signals the website’s retargeting provider to add the user to a retargeting audience made up only of your website visitors.
    3. 3The user is targeted with ads: The retargeting provider uses the retargeting list to serve ads to the user on other websites they visit, social media platforms, or through email campaigns. The ads usually promote products or services related to the user’s previous interactions with the website.
    4. 4The user returns to the website: If the user clicks on the retargeted ad and returns to the website, the retargeting provider can measure the success of the retargeting campaign and even remove them from a retargeting audience when a conversion event occurs. 

    The Bottom Line: What Is Retargeting In Digital Marketing?

    Retargeting is a powerful digital marketing technique that can help you increase conversion rates, improve ROI, and increase brand awareness.

    what is retargeting in digital marketing

    By reminding customers about your boutique fitness business and encouraging them to take action, you can see significant improvements in your digital marketing campaigns. So if you haven’t tried retargeting yet, it’s definitely worth considering!

     So if you haven’t tried retargeting yet, it’s definitely worth considering!

    Mindbody BOLD Replay: Increase Intro Offer Sales with Retargeting 

    Free resource showing how it’s done right and wrong for a fitness business!

  • What Is Branding? 5 Essential Elements For Building A Successful Boutique Fitness Brand

    What Is Branding? 5 Essential Elements For Building A Successful Boutique Fitness Brand

    What IS Branding And Why You Need To Know

    When I first bought my Pilates studio, I remember being so excited to have my logo and website designed. I didn’t ask myself, “what is branding?” I just knew I wanted it to be beautiful.

    I hired a graphic designer, paid for an hour-long design consultation, and slogged through 3 rounds of revisions before we finally arrived at the finished, very pricey logo.

    what is branding

    Looking back, I realize that the process was arduous and expensive. I thought that the measure of a perfectly branded business was me loving it. Since then, I’ve learned that what’s perfect about branding isn’t just the logo or website.

    I’m going to share with you 5 key elements you must consider when asking yourself, “what is branding?”

    When you need the answer to “What Is Branding?”

    It’s critical that you know the answer to the question “What Is Branding?” before you do the branding work.

    what is branding

    That’s because branding is so much more than just a logo or a tagline. It’s a strategic approach that helps individuals build a successful boutique fitness brand. In today’s competitive market, effective service business branding plays a crucial role in

    • Differentiating your business
    • Building trust and credibility
    • Connecting with your potential clients
    • Increasing awareness of the possibility that your service meets their needs

    When you’re looking to build a boutique fitness brand, you will end up having created the 5 essential elements branding experts say you need, your:

    1. 1Brand Identity
    2. 2Brand Messaging
    3. 3Brand Personality
    4. 4Brand Consistency
    5. 5Brand Engagement

    what is branding

    Creating Your 5 Key Elements Is Not As Simple As Answering The Question “What Is Branding?”

    There are lots of choices that can be made to produce these 5 elements. Which means that

    1. 1An infinite number of outcome variations are possible
    2. 2Some variations will be more effective than others

    The way to ensure your variations lean toward the more effective side is to be conscious of what informs your choices.

    Here is the most important thing to know about branding!

    If you only take 1 lesson learned with you from this article – let this be it!

    1. 1All human beings have an “ego”. Not just the customer, the marketer has one too!
    2. 2The ego’s role is to maintain the drive toward “pleasure and satisfaction” and away from “pain and dissatisfaction”.

    what is branding

    The ego is constantly ask questions like 

    • “What’s in this for me?”
    • “Will this help me meet my present needs, desires, wishes, goals, whatever they are?

    With that profound and simple truth in mind, which of these choices regarding the best answer to the question “What is branding?” is likely to be successful?

    A

    “YOUR brand should reflect YOUR unique personality, YOUR values, and what sets YOU apart from others in your industry.”

    or

    B

    Your brand should reflect the unique personality and values of your CLIENTS, and effectively communicate that YOUR brand exists to fulfill THEIR needs.

    [theme music from Jeopardy playing as you consider your answer}

    The choice you make will mean the difference between becoming an average brand or an extraordinary brand!

    Hopefully you chose B as your answer.

    what is branding

    Because developing the 5 elements of YOUR boutique fitness brand, while holding the unique personality and value of YOUR clients in your mind, will help you craft the content variation that effectively communicates that YOUR brand exists to fulfill THEIR needs!

    The 5 Elements

    1

    IDENTITY

    The visual, verbal, and sensory elements that represent a brand:

    • Brand name
    • Logo
    • Colors
    • Fonts
    • Visual style

     

    2

    MESSAGING

    The language, tone, and style that a brand uses to communicate with its audience:

    • Brand story
    • Tagline
    • Elevator pitch
    • Overall tone of voice

     

    3

    PERSONALITY

    The human-like characteristics associated with a brand to make it more relatable to consumers.

    EXAMPLES:

    • Exciting: Bold, adventurous, and daring. 
      • Example: Red Bull.
    • Sincere: Honest, genuine, and down-to-earth.
      • Example: Dove.
    • Innovative: Creative, cutting-edge, and visionary. 
      • Example: Apple.
    • Authentic: Genuine, transparent, and real. 
      • Example: Patagonia.
    • Friendly: Approachable, welcoming, and warm.
      • Example: AIRBNB.

     

    4

    CONSISTENCY

    The need for a brand to be uniform and recognizable across all channels and touchpoints.

    • Visuals: 
      • colors, typography, and design images
    • Tone of Voice:
      • emails, social posts, and ads
    • Customer Experience:
      • service standards, quality, and customer support across in-store, online, and on social media.

    5

    ENGAGEMENT

    The act of creating emotional connections with customers through interactions and experiences with the brand

    • Social media interactions
    • Customer service interactions
    • Providing valuable content
    • Creating a community around the brand

     

    The Bottom Line on the question “What Is Branding?”

    The bottom line is this: effective branding is essential for building a successful boutique fitness brand. This is accomplished by starting with a client-centric point of view to craft the 5 essential elements of branding.

    1. 1Consistent brand identity (colors, fonts, etc) 
    2. 2Brand messaging that highlights potential client transformation
    3. 3Transparent and honest brand personality
    4. 4Brand consistency across all channels
    5. 5Client-centered brand engagement

    You can create a strong and memorable boutique fitness brand that really resonates with your potential clients.

    By helping others achieve their personal goals you will build trust and achieve your personal and professional goals.

    what is branding

    Investing time and effort into understanding and implementing these branding elements will put you well on your way to crafting a boutique fitness brand that will thrive in today’s competitive market.

  • 51% Of Business Owners Skip Their Own Paycheck Have you?

    51% Of Business Owners Skip Their Own Paycheck Have you?

    Overhead Costs Are More Than Just Rent & Utilities

    As a boutique fitness business owner, the many facets of cash flow were always mysterious.  I had underestimated the plethora of overhead costs.  The overhead of a boutique fitness studio is so much more than just rent and utilities.  I hadn’t taken into account:

    • Liability insurance
    • Workman’s comp insurance
    • Payroll taxes
    • Property taxes
    • Office and studio supplies
    • Loan payments
    • Health insurance
    • Networking memberships
    • Equipment maintenance
    • Oh, and of course, a host of unexpected surprises

    It wasn’t until I struggled with my own cash flow that I realized how little I understood about this fundamental aspect of running a business. And while this didn’t take down my business, it was quite a disadvantage in my personal bank account.

    Small Business Owners Skip Their Own Paycheck.

    When You Underestimate The Cost It Takes To Run A Business

    When I first started my business, I was focused on two things:

    • Providing quality classes and sessions
    • Building a community

    Small Business Owners Skip Their Own Paycheck.

    But…I didn’t pay enough attention to the financial side of things.

    I didn’t understand how much my overhead costs were, but I wanted to show how much I value my employees. I set teacher pay WAY too high which resulted in me not making any money.

    Too often I was skipping my own paycheck. For years, I just thought that this was the price I paid for the freedom of owning my own business. I’ve come to realize – this is NOT ok!!

    Small Business Owners Skip Their Own Paycheck.

    It wasn’t until I realized I was paying my teachers more than I could afford that I knew I had to make a change. But that change was terrifying! I was scared of losing some of my best teachers and risking the future of my business.

    Putting The Right Plan In Action

    Fortunately, I asked for help and was exposed to the 30-30-30-10 formula. This formula breaks down cash flow into four main categories:

    Small Business Owners Skip Their Own Paycheck.

    • 30% for teacher payroll
    • 30% for administrative payroll
    • 30% for operating expenses
    • 10% for profit

    When I compared my profit and loss reports to this formula, it became clear that I was paying my teachers more than I could afford, which was the root of my cash flow problems.

    Making the necessary changes was scary, but it was also liberating. Yes, I lost some of my teachers, but the new formula allowed me room in my budget to shoot for this balance:

    Small Business Owners Skip Their Own Paycheck.

    • Hire a full-time administrative assistant who made all of my teachers’ working lives easier.
    • Set aside money to pay for continuing education.
    • Create a profit-sharing model that incentivized my teachers to work together as a team rather than as individual entities.

    Management became easier, and I could once again focus on my true expertise and doing what I loved. When everyone was incentivized to be a part of the solution, the community created by my teachers modeled the community I had dreamed about when first thinking about my business.

    It was a valuable lesson to learn that understanding overhead costs and the 30-30-30-10 formula is critical to running a successful business.

    Since then, this formula has helped me understand my business in other ways. When the business’s profit rose beyond 10%, I knew that I could afford to give my teachers a raise and that the business would be safe. And I got a raise too!

    Small Business Owners Skip Their Own Paycheck.

    There was one quarter when my operating costs rose more than 30%. This was the catalyst for me to dig deep into an analysis of studio capacity. I was able to ask the question, how can I maximize the use of my brick-and-mortar space? I was paying for it after all. This led to an analysis of marketing tactics and beyond. And yes, this led to a revenue increase and then more profit and then another raise. YIPPEE!

    The 30-30-30-10 formula was a lifesaver! It continues to provide guidance in all of my business decisions.

    Summary:

    If you’re a business owner struggling with cash flow, I encourage you to closely examine your overhead costs and compare them to the 30-30-30-10 formula. It may be scary to make changes, but it’s worth it in the end when you’re able to create a profitable and sustainable business that allows you to do what you love.

    Article of Interest

    Two learn more about effective bookkeeping for your fitness business, take a look at the article “3 Reports For Bookkeeping Essential To Running A Business”

  • 2 Tips On How To Increase Conversion Rate Of Intro Offers

    2 Tips On How To Increase Conversion Rate Of Intro Offers

    When Increasing Conversion Rates Doesn’t Go As Planned 

    I will never forget when my studio put out a couple of different intro offers. It was January, and the sales were going crazy!

    I had calculated the average client value for the next year and had dollar signs in my eyes. I couldn’t wait to see the February numbers.

    how to increase conversion rate

    But when February rolled around, the number of intro packages that had actually converted was very low. 

    I was shocked and was committed to figuring out what went wrong.

    Why Increased Conversion Rates Hadn’t Occurred

    After dealing with my disappointment that nothing happens magically, I analyzed the problem. I wanted to make sure that:

    • I offered the best intro packages
    • That my team was doing their best to help convert our newest clients to regulars

    When I looked at my intro offers, a distant memory popped into my head. Years ago, a consultant said, 

    “if you want to understand how to increase conversion rates remember, your intro offers should create an experience that makes the next purchase inevitable.” 

    Were my intro offers doing this?

    Answering that question would turn out to be the key to learning how to increase conversion rates for our studio.

    I had 6 different offers running to ensure people could find the best option.

    That was my first mistake: Too many options.

    I offered:

    1. 1A single discounted private session
    2. 24 Reformer classes at a discounted price
    3. 33 private sessions for clients coming back from injury
    4. 4A semi-private package discounted (for couples and friends)
    5. 52 private sessions and a Reformer class
    6. 6A “one of each” package, 1 mat class, 1 Reformer class, 1 private, and 1 semi-private session

    how to increase conversion rate

    In this analysis, I needed to weed out the number of purchase options. To do that, I needed to look at 2 data points:

    1. 1Which intro offers were purchased the most?
    2. 2Which intro offers, once purchased, had the most conversions?

    Once I had looked at these data points, I found some common threads for successful intro offers.

    The intro offers with the most conversions:

    • Were offered at a discount, but not so discounted that the next purchase felt out of reach.
    • Had multiple sessions to give the client a compelling experience – one session just wasn’t enough.
    • Provided consistency in the experience. (The packages with varied sessions led to a confused purchaser.)
    • Provided a chance for client/instructor to get to know each other.

    This made my next decision easy; I only needed 2 intro offers

    • 3 private sessions at a discounted rate
    • 4 Reformer classes at a discounted rate

    how to increase conversion rate

    But wait! We still hadn’t completely learned how to increase conversion rates of our intro offers!

    how to increase conversion rate

    At my next staff meeting another very important tactic that we were missing became clear.

    After talking with my teachers, I realized we hadn’t followed the best practices to get the clients to return. 

     We had neglected to make sure everyone who’d purchased an intro offer:

    • Had a specific intake procedure that outlined the client’s needs 
    • Had an opportunity to experience a win in their own body
    • Could experience the studio culture to its fullest extent

    It wasn’t enough to meet them for the first time, teach them a class or session, say “see you soon” and trust that they would come back.

    It became clear that I hadn’t given my teachers the sales training they needed. (BTW: IT DOES NOT HAVE TO SOUND SALES-Y!)

    how to increase conversion rate

    There were some simple things my teachers could have done to ensure the new clients kept coming back.  What were they?

    How To Increase Your Conversion Rate With These 2 Tips:

    • One-liners at the end of a class or session that lead to the next registration

    Just a quick, one-line follow-up at the end of a class or session puts you in the right direction to having the client come back.

    For instance,

    • Have you scheduled your next class/session?
    • I think the bone-building class would be perfect for you.
    • What about a weekly schedule?
    • I really think you could benefit from class twice a week.
    • “Let me introduce you to our studio manager, and she can get you set up!”

    Any of these (adjust them to fit your clients/studio) can easily guide into a conversation as people prepare to go. It’s even better if you follow up with, 

    It is also important when making suggestions that they fit the client that you have just gotten to know.

    Not everyone needs to come twice a week; some people do. 

    What’s that you’re thinking? You don’t want to sound salesy!

    The key  to making sure that your end-of-session one-liners are not sales-y is to personalize your suggestions to make them accurate and appropriate for the specific client. 

    We train our teachers to remember to see a path forward for the new client and help them understand what it is. In this way our teachers have learned that these questions are part of their expertise and a benefit of our services. 

    • Ensure someone is Responsible for lead management

    An office lead-management system that is communicated to all the staff makes sure that the team is working together to increase conversions.

    Example: Say you get a notification that someone new has registered with your studio. Don’t just let the notification go by.

    • Have a template entitled “A Quick Welcome” and email the person directly.
    • It doesn’t have to be long or complicated.
    • Just a short welcome letting them know who you are (owner, manager, instructor, etc.) and that you’re happy to answer any questions they might have, help with scheduling, etc
    • Or better yet, pick up the phone, give them a call and do the same thing. 

    how to increase conversion rate

     That quick reach out will make them feel welcome, showing they’re not just a random new person. Short, sweet, and to the point.

    What if a client completes the intro package and doesn’t convert? 

    • Check with the teacher for any extenuating circumstances.
    • if not, make a call to the client see if you can help them take the next steps.

    Summary of How to Increase Conversion Rates.

    Helping my teachers understand exactly how important these one-liners at the end of class were and keeping on top of lead management have been the keys to conversion for our studio. 

    Try it, you won’t be disappointed. 

    Please drop a comment below and share any tips you might have on how to increase conversion rates.

  • Why Not Knowing Your Marketing Return On Investment Can Be Disastrous

    Why Not Knowing Your Marketing Return On Investment Can Be Disastrous

    When I Knew Nothing About Marketing Return On Investment – A True Story

    marketing return on investment

    I want to tell you how not knowing my marketing return on investment almost got the best of me. I’m hoping that by putting my story out there, it will help other business owners save time and energy when it comes to marketing.

    When I finally opened the doors to my Pilates studio, I was elated. I had put so much hard work into opening my own place, and it had finally come to fruition. I had a great network of colleagues and friends who spread the word about my studio which landed me a bunch of wonderful clients. 

    marketing return on investment

    After a successful year, I knew that I wanted to grow my studio even more. I decided to try all of the different strategies that I’d seen in similar businesses. The plethora of strategies included:

    • Social Media Posts
    • Blogging
    • Opening a retail store in the studio itself
    • Ebook for email list building
    • Email Marketing
    • Various Intro offers
    • Internet ads
    • Facebook ads
    • Studio events
    • Radio ads
    • Newspaper ads

    As you might imagine, after about six months of this extensive yet disorganized marketing plan, the exhaustion set in.

    I was working so hard and knew that if I continued at the rate I was going, burnout was coming. 

    Creating the content, organizing inventory and planning events was taking so much time and energy. Not to mention the fulfillment side of the business; I still had to teach Pilates!

    marketing return on investment

    On top of all this, I had no idea what was working. Something had to give. But what? I didn’t want to take the chance of eliminating the wrong things.

    But I had no idea what the right things were.

    What You Don’t Know CAN Hurt You

    The problem was that I had no idea what was working (and what wasn’t working) when it came to getting (and keeping) clients. I didn’t know :

    marketing return on investment

    1. 1What tactics were bringing clients in
    2. 2What tactics were helping clients make the first purchase
    3. 3What tactics were keeping the clients interested
    4. 4What tactics were leading directly to increased income

    I couldn’t tell if all of my efforts were worth it. I was working harder but not smarter.

    And then a friend and fellow business owner told me how to figure out my average client value, or ACV. More importantly she showed me how to use it to make critical decisions.

    marketing return on investment

    I had heard about lifetime client value (LCV) but ACV was new to me. It turns out that in the fitness business industry, we can’t really go by LCV as an average. It’s too hard to figure out when you have so many different relationships with your clients. For instance:

    • A 10-year relationship with a client vs. a 6-month relationship
    • If a client has an injury that takes them out of commission for a while
    • Maybe a client wants a home program and will only be coming for a few sessions
    • If a client only comes in sporadically for check-ins

    All of these inconsistencies in the boutique fitness industry make the LCV less helpful when making marketing decisions.

    Checking the ACV for a consistent rolling time period paints a clearer picture of the habits of your clientele.

    This customer data allows you to assess your marketing return on investment and client retention. 

    The ACV can also help analyze strategies that maximize customer value and aid in pricing decisions. But how do you do that? It’s actually pretty simple and I’ve narrowed it down to 4 steps. Keep reading

    How To Figure Out Your Average Client Value

    1. 1Time Frame – While you can do this calculation for any time frame, you’ll definitely want to know your ACV over the past 365 days.
    2. 2Number of Active Clients – How many active clients and members do you currently have? Most scheduling softwares will have a report that tells you this. (If you use Mindbody, see the end of the article for specific steps to pull up this report.)
    3. 3Total Revenue – Next, get your total revenue for the same time period.
    4. 4Calculate – Total Revenue divided by Total Active Unique Clients will equal your average client value.

    How ACV Can Measure Marketing Return on Investment and Help Maximize Customer Value

    If you’re investing in internet advertising

    • Calculate your rolling 365 ACV.
    • Create your first ad budget. (Remember this is an investment and not an expense.)
    • Make sure that in your intake process new leads have a way to tell you how they found you.
    • After a period of time see how many people who clicked on the ads became clients.
    • Multiply that number by your ACV and then subtract your ad spend budget to find your projected return on investment.

    If you want to increase existing customer value

    • Calculate your rolling ACV.
    • Create a special that you will promote through social media and email marketing to your current clients. Possibilities include a retail sale, class special, and anything else you might like to try. (Click this link for some of the promotions that have worked for clients of FBP.)
    • Run the special for a period of time.
    • Calculate your rolling ACV again for the special’s time period.
    • Compare that ACV to the previous period.
    • Is it higher?

    What about Retention?

    The ACV is a fantastic tool to calculate retention success. If you calculate your Rolling ACV on a monthly basis you can learn so much about your studio’s retention performance.

    • If your ACV is increasing, look further. If the number of clients increased and your income increased you can be confident that your retention strategies are working.
    • If your ACV decreases because your income is stagnant. This means you have more clients making initial purchases, but they are not purchasing as many services or services of the same price as previous months. In this situation, you can ask yourself what you can do to maximize the value of each and every client.
    • If your ACV decreases because the number of clients decreases and the income is stagnant or decreases. You can deduce that there are problems with retention and look at your systems for retention after the first visit. Do you need more email nurture sequences, or do you need to speak with staff about making sure that clients are scheduling their next appointment?

    Choices About Pricing

    • Calculate your ACV.
    • Recalculate your ACV with a 5% increase.
    • Use this information to make decisions and create budgets around infrastructure and ad expenditure.

    By knowing your ACV, you’ll have data that will tell you what is adding income to your bottom line.

    marketing return on investment

    Work Smarter, Not Harder

    The bottom line is this. You don’t need to do all the things to try get a marketing return on your investment. Use the data. Use your ACV and let it tell you what specific marketing endeavors are profitable, and focus on those.

    Our own Results

    Data analysts tell us that at the end of Q4 2022

    • The Pilates market had recovered to 100% of pre-pandemic revenue levels.
    • That the Yoga market had recovered to 80% of pre-pandemic revenue levels.

    By following the very advice in this article, our Pilates Studio, in a tiny market in Massachusetts, had recovered to 

    • 122% of pre-pandemic revenue levels
    • With 40% fewer instructors.   

    You’ll have the same results by following time proven business practices like these.   

  • The Monumental Importance Of Online Reviews For Businesses

    The Monumental Importance Of Online Reviews For Businesses

    If You Think Online Reviews For Businesses Don’t Matter – Think Again

    I have a confession to make. I used to be someone who NEVER read online reviews for businesses. I was young and silly and figured, “Eh, how bad could it be?” Well, let me tell you. I ended up experiencing some pretty terrible unpleasantries, all of which could have been avoided had I taken the time to read the reviews. It wasn’t until I started working for a boutique fitness studio that I realized the massive importance of online reviews for businesses. 

    We, as a studio, had spent all of this money on hiring a search engine optimization (SEO) company. The goal we had in mind was simple- to have our website appear when people search for what we do. 

    online reviews for businesses

    It sounded easy enough, yet despite utilizing the SEO company, the number of clicks to our website didn’t increase.

    online reviews for businesses

    The owners expressed their frustration in a meeting when another employee said something that suddenly made everything crystal clear. 

    He said that when he searches for local businesses, he always starts with the one with the best reviews. It was like a light went on.

    online reviews for businesses

    After doing a little research, we discovered that we had only a fraction of the reviews that our competitors had.

    It would have been nice if our SEO provider had pointed out that being “found” by a search engine is only half of the equation. Being chosen is the other half. Instead, our SEO investment was pointing people to the competition because they already had reviews! 

    Why Online Reviews For Businesses Are Crucial

    online reviews for businesses

    For any business offering services or products to the public, customer satisfaction is essential for success. Demonstrating to potential customers that your company is committed to providing the best service possible is another great way to set yourself apart from the competition and build trust.

    One of the most powerful tools for demonstrating customer satisfaction is customer reviews.

    Reviews from existing customers provide potential customers with an insight into the experiences of using your company and can be a competitive advantage for businesses.  Understandably, potential customers want to see genuine customer reviews before using a company. 

    Here are some ways in which online reviews for businesses can be beneficial:

    online reviews for businesses

    • They validate your expertise – Online reviews show potential customers that you know what you’re doing. They show that you’ve helped people before and achieved the results people want. They validate your expertise – Online reviews show potential customers that you know what you’re doing. They show that you’ve helped people before and achieved the results people want. 

    online reviews for businesses

    • They give you an open line to consumers – Reviews and personalized responses are the ultimate way to put a friendly face to your brand. Showing you’re open to feedback will give your brand a major boost!

    online reviews for businesses

    • They make you visible – Online reviews boost your website in search engine rankings. With a higher rank, algorithms and people will see you as a trusted source in your industry, resulting in greater visibility.They expand your reach – Online reviews boost your brand’s online presence beyond your website and social media channels. Customers can discover more about your brand on well-known third-party sites like Google, Angi and Yelp.

    online reviews for businesses

    Those online reviews for businesses sound pretty worthwhile, right? It is imperative to have online reviews so potential customers can find you, see what you’re about, and know they’ll be in good hands.

    online reviews for businesses

    But how, as a business, do you go about getting these reviews from your clients? Keep reading to discover some easy-peasy ways to boost your business’s online reviews.

    The Trick To Getting Online Reviews For Business

    Now that you know the why behind online reviews for your business, it’s time to learn how.

    Here are 4 ways that have been tested by us that have garnered a ton of new reviews.

    1. 1Ask – Often getting a review is as simple as asking. As long as the process is clear and you make it fast and easy to do, you’re likely to get warm responses to your request. (P.S. We discovered that a lot of our clients were super happy to leave a review, even though we assumed it might be a bother to them!)
    2. 2Get specific – Ask a specific question instead of asking for a general review. Something like;a. What have you achieved since using [your product or service]?b. What’s the #1 reason you’d recommend [your product or service] to a friend?c. What would you tell someone who is considering [your product or service]? 
    3. 3Make it easy – Make the process of leaving a review as easy as possible for your customers. Ideally you should provide them with a link that brings them directly to where they write their review.
    4. 4Be prompt – Encourage your customers to share their thoughts soon after their experience while the details are still top of mind! (BTW, we have some awesome email templates you can use!)

    So there you have it- a better understanding about why online reviews for businesses are so monumentally important. This is especially true if you are a business owner yourself! 

    online reviews for businesses

    You have your beloved clientele who know how wonderful your business is – now let them go and tell everyone else just how awesome you are! It will really make a huge difference in how your business is viewed. 

  • If Your Profit and Loss Statements Are Traumatizing You – Do 3 Things

    If Your Profit and Loss Statements Are Traumatizing You – Do 3 Things

    When You’re An Expert At What You Do, But Not In Running A Business

    profits and loss statements

    I’m going to tell you a secret I haven’t told many people. I Googled examples of what to put in the business plan section on my loan application for the bank. I had no idea what I was doing- I was lost in a world of 

    • Profit and loss statements (or P&L) 
    • Balance sheets
    • Cash flow statements

    My expertise is in Pilates, not things like profit and loss statements.

    profits and loss statements

     I knew I wanted to own my own studio, and that I’d be good at it! But I had absolutely no idea about the business side of it. I knew I needed a business loan, but also knew that I needed a business plan to get a loan. 

    profits and loss statements

    Google became my best friend and teacher. I remember throughout the loan process our loan officer would ask for more projections and more spreadsheets, and it felt like I was just making it all up.

    Finally, we got a call from the bank and our loan officer said, “Guess what? Your loan has gone to underwriting. You’ve done great, now go get some rest.”

    profits and loss statements

    I could tell from the sound of his voice that this was good news. I turned to Google and searched for the key words, “What is underwriting?” Thankfully, the bank saw the big picture through the weeds of my naivete and I was able to open my business! 

    profits and loss statementsprofits and loss statements

    During the first year, I struggled with understanding my cash flow. I couldn’t understand why there were times when I was so super busy yet there was no money in the bank. But then times when business was slower, I had plenty of money in the bank. It made no sense to me. Thankfully, a close friend heard my (somewhat desperate) cries for help and worked with me to figure it out.

    profits and loss statements

    Why Messy Bookkeeping Makes Things 10 Times Harder.

    1. 1Identify the areas where you could be saving money, as well as opportunities for generating more revenue
    2. 2It tells you whether your company’s financial performance is positive or negative
    3. 3Reveals trends in your financial performance over time.
    4. 4If you stay on top of your profit and loss statements on a monthly basis, it makes your bookkeeping accurate in real time. (This will save you big time when you go to do your taxes!)
    5. 5It helps you figure out which activities are helping you make a return on investments, and which ones are resulting in losses.

    This was all very eye-opening and helpful to me. But I still wasn’t organized when it came to all of my financial stuff. That’s when I learned about the 3-step cleanup.

    Easily Manage Your Profit and Loss Statements With This 3-Step Cleanup

    profits and loss statementsprofits and loss statements

    In order to ensure the reviewing of your profit and loss statements is as easy as possible, it’s highly recommended to utilize these 3 organizational steps.

    1. 1Delete Irrelevant Categories – oftentimes bookkeeping software comes preloaded with default categories you may not use. Go to your Chart of Accounts and delete the categories you aren’t using or that don’t apply to your business. (You won’t mess anything up as long as you’ve never assigned a transaction to them!)
    2. 2Condense – comb through your categories and see what you can condense. For instance, you may have one category for supplies and one for materials. You’ll have to change the transactions to the new category, which can be time consuming if your software does not allow for a bulk operation. (QuickBooks does) But it will save you a lot of time and frustration in the future!
    3. 3Rename Categories and Be Specific – A category named “supplies” is too vague. Rename it so you’re clear on what is supposed to go in that category. For example, a boutique fitness studio may have one category called “office supplies” and one called “studio supplies.” 

    Being as organized and specific as possible will be quite beneficial in reviewing your profit and loss statements each month.

    The Bottom Line 

    profits and loss statements

    So there you have it. You now know that you’re definitely not the only one who has difficulty with understanding their profit and loss statements, cash flow, or any of the other business-related bookkeeping activities. Organization of your categories and checking the profit and loss statements monthly will go a long way in keeping things running smoothly. 

  • 3 Tips and Using Google My Business to Measure Local Online Marketing Success

    3 Tips and Using Google My Business to Measure Local Online Marketing Success

    Local online marketing success in today’s marketplace requires taking responsibility for meeting the requirements necessary to compete against others seeking the same customers. 

    One of the very foundations for success for local businesses begins with your Google my business profile. Later on in this article, you’ll find a case study video that demonstrates how to use Google my business data to set a baseline and measure your local online marketing success moving forward.

    Gaining new customers from the Internet requires 2 things to happen;

    • being found
    • being chosen

    Tip 1 For Local Online Marketing Success

    Local Directory Submission Services

    This first tip gives your business a boost in being found. Claim and optimize the top 50+ local listings for your business. The smartest way to do this, is to use a Local Directory Submission Service that programmatically submits to all of the top 50 local listings at once.

    This makes it easy to guarantee that a single source of information, your Google my business listing for example, is then duplicated in all locations.

    Local online marketing

    Our local directory submission service is the perfect example.

    Doing it yourself Is not a practical choice because it would require the set up, and management of;

    • More than 50, directory services
    • 5 or more data aggregators
    • Connection to more than 80 GPS Mapping accelerators.

    Your time is valuable so use the service since getting set up with one only takes about 15 min.

    Local online marketing

    If you’re curious about the state of your online visibility, enter your business name and zip code in this form to get a full report.

    Fitness Business Pros

    Get Found Online!

    Enter a Business Name and Zip Code

    Tip 2 for Local Online Marketing Success

    Cultivate the best online reputation with a focus on Google reviews

    This tip supports the “being chosen” part of the equation. For most of this century, online reviews have been a key deciding factor for consumers, looking to make a choice in a competitive marketplace. Businesses are almost never the only provider in the average market. That’s why taking necessary steps to ask your satisfied customers for online reviews is the key.

    make your goal having more reviews of the highest score 

    Local online marketing

    To be chosen more often than your competitors, you can’t skip this step. 

    The good news is that It’s not difficult to get there.  Once you do get there, you will need to keep your foot on the gas and don’t allow any competitor the opportunity to overtake you!.

    You can use services for this, but I recommend not overthinking it. 

    Start by taking the link, from your Google my business portal that allows your customer to go right to the place where they start writing their review in a single click. 

    Google My Business Makes it easy to get reviews 

    Google my business makes it easier to ask for reviiews.

    Add that to your e-mail signature, and any ongoing e-mail communications that you have with your customers, and in no time at all you’re likely to have the best online reputation in the marketplace.

    Tip 3 For Local Online Marketing Success

    Impress search engines, with lightning fast web hosting

    Local online marketing

    In 2010 Google confirmed that their search algorithm would start taking speed into account when racking in search results. Here’s a quote from that announcement.

    “Like us, our users place a lot of value and speed – that’s why we decided to take site speed into account in our search rankings.”

    That change focused only computer page load speeds. Google followed up In early 2018 and added mobile page speed as a ranking signal in ttheir mobile search results as well.

    speed is king for local online marketing success

    You get what you pay for in web hosting. That means that budget web hosting is a big mistake if you want search engines to take your website seriously.

    I recently rescued a clients website from really bad hosting at Site5, after their site went down and the engineers at the data center we’re unresponsive in requests for a recovery support.

    I had been advising this client for years that they should move, and this was the event that help them finally make the decision. Less than a day later, the site was live and after expressing extreme gratitude, the senior director from the company said to me, 

    ”Is it possible that our site is 10 times faster than it used to be?” I said, “yes it was hard not to notice wasn’t it!”

    Just do it people. Here’s the one I recommend, especially if your website uses WordPress as its content management system.

     WPX.NET

    Full disclosure: We are an affiliate, but not just because they give us a small commission. Most of our client sites are hosted there and all but 1 of ours are, including the one you’re on now.

    They are the best of the best, with the fastest support in the world.

    How to Use Google My Business to Measure Your Success

    This is a must watch video, there’s a transcript below if you want to skip around. The case study in this video, does all three things mentioned above, and in less than five months they experienced significant gains in all 7 Measurable categories. Take a look.

    The bottom line is that, for local businesses these things always work, no matter what business you’re in.

    Below the video and the transcript are 2 more case studies, 1 for a Pilates studio, the other for an Acupuncture practice. 

    A Case Study following those 3 tips

    00:00:07

    One of the most important aspects of digital marketing is developing the ability tomeasure results. That’s truly the key to managing expectations, your own, your teams as well as your clients expectations.

    Now, there’s an old saying that you have to know where you started and whereyou want to go if you have any hope of measuring your progress between those two points getting where you want to be. Now for local businesses Google my business insights represent the very front lines of the if, the when and the where people are finding that business when searching for services.

    And of course, the point of marketing is o make those numbers go up steadily over time and the only way to know that is to track it. So before doing any marketing at all,  it’s really important to create a record of that baseline that represents where the business was before you did anything.00:00:58

    Watch how easy that is to do using Google my business insights.Step one is to log into your Google my business panel and to do that just make sure you’re signed into the Google account you use to manage your Google my business location or locations. Once you do that and you can verify that by hovering over the icon and I see I’m in my business account and now I click on the 9 squares where all the Google apps are all the time. It is 1 stop shopping for anything Google.

    00:01:30

    So I go in there I scroll down and I look for the my business tent.  It may not be in the same location for you. Sometimes it’s up here sometimes down here, but wherever itis, it’s gonna look exactly like that. Click on that icon.00:01:44And whether you have one location or many locations, the next thing you’re going to do is simply put a checkbox in the location you want the insights for. Watch what happens click and the actions menu comes up. I open the actions menu and I choose insights. I’m gonna just leave it at Discovery insight because I want all the information. So I click next. Now it defaults to 7 days, but I want to do a last year to this year comparison. So for this client, I’m gonna go to customize range and I’m gonna start in January 1 and go through the 14th. And I click.00:02:23Download the report. Now I’m going to go ahead and choose the same period of time from the prior year so I can see the difference for the same, term. So January 1 18 to May the 14th 2018. Change the 8. Oh, yeah, right. I just changed the year. So yes the same term five months ish the year before. I download that report.00:02:49So here’s my downloads folder and the two files we just downloaded.there’s CSV files. Now. I’m gonna really quickly just upload these into Google Drive and convert them to Google Sheets so I can show you what to do with this data in the next step. All right,00:03:04

    So here we are in Google Drive. There’s the original CSV files and they’ve been converted into sheets. So I’m just going to get rid of the CSV files real quick. We don’t need those anymore. All right. So now we’re gonna do something real special. We’ve got a spreadsheet that automatically graphs out the percentage of change. So what we’re going to do is open up the first term which is January 1 through 5 14 2018, and I’m just going to copy the values. Just the numbers themselves right there and I’m gonna paste them into the 2018 row. Okay, so there’s a graphic representation of 2018. I go to the 2019 file and I do the same thing.00:03:54Copy and then paste the 2019 numbers and we get our percentages of change. And as we can see this client, I’ll just zoom in a little bit, has significant gains in all 10 data points from the Google my business insights. 00:04:11Here’s what I’m gonna do. I’m gonna download this as a PDF file and I’m gonna have the team very quickly turn that into a case study just check the page breaks and annotate it a little bit so that it’s easier to tell at a glance what this data represents for ach of the data points. That’s only gonna take a minute. So while we’re working on that I’ll just pop over here with you and take a couple of minutes to explain what this client actually did to achieve those gains.00:04:35Believe it or not, there were only 3 things and all of them any business can do without hiring an agency.

    Tip 100:04:44They optimized their local directories to make sure that their business was represented in a uniform and consistent way wherever a prospect could possibly find them.

    Tip 2

    They upgraded their web hosting because their page speed load timeswere way too slow. They went from about three and a half seconds of load time,  meaning, that’s how long you wait to see the page. To a second and a quarter or less depending on the time of the day. That’s critical to the visitor and Google makes note of that as well because their concern is user experience.

    Tip 3

    So the third thing that they did was they very quickly worked on building an onlinereputation so that they have the best review scores and the highest number of current reviews of any of the competing tree services in their market.

    That’s it, those three things produce these results now, I do see the case00:05:35Study is in my folder. So let’s take a look at the data again. Now that you have some context of what they did to achieve them.Okay. So total searches in Google my business insights represents. The number of times customer found the business by searching in Google search or Google Maps up 16.82% Just a year later.

    00:05:58Direct searches. That’s the number of times customers found the listing searchingfor the business name or their address in search or Maps. And up 4.82 percent on the heels of their efforts.00:06:12Discovery searches. That is the number of times a customer found the listing bysearching by keyword a product a category or a service in Google search. Up 18.41% heels of their effort.00:06:29Total views represents the number of times the listing was viewed on Google search or Maps. It’s an aggregate of two numbers and that’s up 1.55% for the following year.00:06:41Search views that is the number of times customers found the listing by searching for the business name in search. And that increase is 0.15%. A small amount ofincrease there but still increased nonetheless. 00:06:54Here’s what really matters, the maps views. Local businesses live and die getting into the maps more often. And that’s the number of times that this business was viewed in that 3 pack and that increase for the term is 19.68% almost 20% increase on the heels of those efforts that we talked about.00:07:13So total actions. It’s an aggregate of website visits, directions and calls. Increase for the period is 51.08%. And let’s see website actions share of total actions, increase for the period was 43.66% That’s how many more times people visited the websitefrom that Google listing instead of 536 in 2018, for five months it was 770. There’s where that experience of the increased hosting really made a difference right there. 00:07:48 

    Directions, how many people asked for directions from the Google my business listing. It went from 69 to 71. It’s only 2.9% increase but when you think about this business, they come to the customer. People don’t typically go there. They might go there and get some mulch in the back of the truck. But for the most part a tree service goes to the customer, so there’s a gain here, but it’s not significant because it doesn’t really apply to this kind of business.00:08:16Phone call actions. This is the one that makes your mind blow up given the kind of effort that they put in. They went a 118,8% percent increase in the number of calls during the same period a year later 133 calls in 2018 January through April turned into 291 calls the same term the following year.

    Additional Case Studies

  • 3 Groups Are Emerging In The Boutique Fitness Industry. Which Are You In?

    3 Groups Are Emerging In The Boutique Fitness Industry. Which Are You In?

    Let me preface this article with this:

    • These are only words and they are from someone in the same boat as you.
    • This is a prediction based upon the past, I might be wrong!
    • I apologize in advance, if you feel strong disagreement at some point.
    • Before you leave though, please consider adding your point of view to the conversation ongoing each week at Pilates Business Pros Facebook

    The boutique fitness business mid-2022 looks very different from before February 2020. We’ve learned a lot. We’ve known small disruptions of our businesses before. Uncomfortable and inconvenient, yes, but not game-ending before 2020. From a business point of view, pandemics are just larger scale disruptions of revenue. Caught off guard and unprepared meant game over for over 12,000 facilities in the USA alone between 2020 and 2022.

    That was then. Now that we know about the threat, and can prepare for next time, it doesn’t have to mean game over. We simply have to get strategic and plan for it. The best news is that if we NEVER get another major disruption, we’ll be even more successful because we’re running our businesses in a way that compensates for our known vulnerabilities. We become more resilient by operating our businesses strategically and thoughtfully.

    This article is Win-Win-Win thinking For the Boutique Fitness Industry

    1. 1You, your family and your business wins
    2. 2Your clients win
    3. 3Our shared industry wins

    Who In the boutique fitness industry doesn’t want to win?

    Predictions of How the Boutique Fitness Industry Will Look

    Some will survive, others won’t. Then there will be those that thrive. What do you suppose will be the difference between them? That’s simple. Business is really much like a game. There are rules. You break them, you are penalized. There are playbooks with strategies and tactics. Practice them and start winning more. There are big plays like the Hail Mary pass in football or the 3-pointer in basketball. Mastering them takes practice. Do that, score more. Knowing when to use them takes understanding either through experience, or by thoughtful analysis of the wins and losses of the past. Mastery comes with knowledge and practice.

    The next generation of boutique fitness industry champions will be;

    • Those that master the game of business.
    • Understand the defensive and offensive positions they can take, and when to take them.

    In business, it’s the smartest that actually thrive under any conditions, and the boutique fitness industry like every other is a competition.

    <p “=”” style=””The boutique fitness industry is also uniquely suited to evolve under these new realities. There is an opportunity right now to do what independents rarely do -/pp “=”” style=”text-align: center;”> embrace cooperation.