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Increasing Repeat Client Retention Millennium Systems International
33

Repeat Client Retention

Apr 21, 2017

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Page 1: Repeat Client Retention

IncreasingRepeat Client

RetentionMillennium Systems International

Page 2: Repeat Client Retention

Hello!Meet Ruth Gonzalez.Ruth Gonzalez has a background in International Business and first-hand experience as Inventory Manager at a salon and medspa. As a Learning Specialist, Ruth helps clients make the most of their software to grow their business, and furthers the education of internal employees. She also assists our Spanish speaking clients. 

Page 3: Repeat Client Retention

GoToWebinar Overview• Have questions? Enter them into the

“Questions” box on the right-hand side of your screen.

• All attendees are placed on “listen only” mode.

• Please take some time to fill out the brief survey that will be sent to you via e-mail following today’s presentation.

Page 4: Repeat Client Retention

What is retention? What does it mean to you? Send your responses via question box.

Page 5: Repeat Client Retention

Customer Retention: The activity a company undertakes to prevent customers from defecting to alternative companies (competitors).

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Repeat Client Retention: A measure of how well you are at retaining your clients.

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The Six Growth Indicators (KPIs)

New Clients New Client Retention

Repeat Client

RetentionAverage Ticket

Frequency of Visit Productivity

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Did you know? Repeat customers spend 33% more than new ones.

On average, it is 7X more expensive to acquire a new customer than to retain an exisitng one.

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Step One Run the RIGHT Reports

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Step One The MA200: Growth Indicators Analysis

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Step One The MA040: Client Retention Summary

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Step One The MA045: Client Retention Detail

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Step One The MA205: Client Retention by

Department

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Step TwoMake Changes for the Future

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• What makes you stand out? • Companies that prioritize the customer experience

generate 60% higher profits than their competitors.• Utilize your software features!

Tip One Create a Distinct Experience

Page 16: Repeat Client Retention

Tip One Create a Distinct Experience

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Your clients should receive the same attention that was given to them on

their first visit.

Think: DISNEY WORLD

Tip OneCreate a Distinct Experience

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• Make this automated inside of your software. • Utilize MillennimGO for pre-booking at the

chair.• Reward ($$$) your clients. • This is a group effort!

Tip Two Focus on Pre-Booking

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Tip Two Focus on Pre-Booking

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“Michelle, your hair looks amazing! Chelsea has recommended you return in 6 weeks, which brings us to the first

week of January. Did you prefer the same time or earlier? Remember you

earn 1000 points with your loyalty program!”

Tip TwoFocus on Pre-Booking

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Tip TwoFocus on Pre-Booking

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Tip ThreeUtilize Segmented Marketing

• Create content that's specific to each demographic at your business. 

• Cater to your clients' needs/wants. • Get comfortable with the Client Selection feature. • Automated Marketing?

Page 23: Repeat Client Retention

Tip ThreeUtilize Segmented Marketing

Page 24: Repeat Client Retention

Tip ThreeUtilize Segmented Marketing

∙ Happy Birthday emails∙ Post-appointment (follow up) ∙ “We Miss You” ∙ Client referral thank you ∙ New product launches ∙ Gift cards about to expire∙ Memberships about to expire∙ & so much more…

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Tip ThreeUtilize Segmented Marketing

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Tip FourSell Pre-paid (Series/Packages/Memberships)   

• What is the difference between a series/package/membership?

• Less likely to leave after the purchase of pre-paid.• Offer larger loyalty promotions for members. • Book standing after purchase.• Custom packages/series?

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Tip FourSell Pre-paid (Series/Packages/Memberships)   

• As clients begin to try new services and service providers, they will become brand ambassadors for your business. 

• As you become their business of choice for all beauty/wellness needs, they are less likely to leave.

• They will become more likely to refer new clients.

Page 28: Repeat Client Retention

Tip FiveReward Your Loyal Clients

• Get them excited to earn points! • Market your loyalty programs to all of your

clients. • Double points for members? • Helps with all 6 growth indicators

Page 29: Repeat Client Retention

Tip FiveReward Your Loyal Clients

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Lets create an action plan. What is your next step?

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Milestone Actions Target Date

Discuss the Growth Indicators with Staff

Show them the growth indicators, what they do, and how they play a part.

Research Where You Currently Stand

Run the MA200 for the business and each

service provider. Take a look at your new client

retention.Set a Goal Set a SMART goal and

place inside of your software.

Follow-Through Check in periodically to see where your team

stands with goals.

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Empower Your Team!

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Any Questions? For questions about today’s presentation: [email protected]