The greatest attrition is when a student is new to a business.
For most yoga studio owners, a focus on attracting and retaining new yoga students is paramount. Once you get them in the door, the trick is to keep them coming back. However, industry-wide statistics paint a startling picture. Fifty percent of new students will not return to your business after the first visit. You must create a retention plan that motivates new students to return and become loyal members.
Here are five marketing strategies to attract and retain new yoga students.
With attracting and retaining new yoga students, it’s necessary to price an irresistible 30-day introduction offer. What does that mean? It should be more attractive than comparable offers and motivate them to buy. A 30-day offer has the best retention of any intro in the marketplace for yoga because it gives students plenty of time to practice multiple times. Thirty days also gives you time to encourage their new yoga practice—long after the first month. Attending one yoga class does not convert anyone to anything!
Using high-quality, close-up photos of actual students and instructors is the most effective marketing tool for yoga studios. People are drawn to realistic men and women who look happy and engaged in the practice. To increase engagement, be sure to take photos where you can see the faces of your models.
Lastly, the golden rule of marketing is to include the intro offer on all of your materials—the bigger the writing and the bolder the font, the more you will attract and sell.
In one-twentieth of a second, consumers make an opinion about your business based on your yoga website. The top one-third of your website should be optimized to sell the intro offer. The best practices include using high-quality, close-up images of instructors and students coupled with large, bold, colorful call-to-action buttons with the intro offer.
What is a call-to-action button? It is a button on your website that encourages your visitors to respond to the ad and purchase your offer. It should stand out from the rest of the page, be clear, and link directly to your intro offer on your online store.
Selling an auto-pay membership is the key to long-term commitment and student retention. The key to pricing an auto-pay membership that students will buy is to ensure the best deal for the medium user.
A medium user is a student who practices a certain number of times per month. Industry statistics place a medium user at four to six times per month depending on how active or vigorous the yoga practice.
Most business owners price their auto-pay membership too high, so only the students practicing 10 or more times per month would buy it. The goal is to get as many students as you can on your membership—boosting revenue, increasing retention, and driving higher attendance.
Without an intentional path to take students from new to loyal members, the average purchasing retention statistics are as low as five to 10 percent conversion to auto-pay membership. You can improve conversion drastically by implementing a sales process that incorporates multiple forms of contact with your students during the time of the intro offer. Contact can be a combination of email, text, phone call, handwritten note, or face-to-face communication.
A discount can be offered just before the offer expires. When these strategies are implemented effectively, auto-pay membership conversion can increase 50 percent or more.
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