The fitness industry experienced a shift after Covid that many studios are still feeling. Memberships, which were once ubiquitous in the gym model, suddenly became much more challenging to sell and nearly impossible to enforce. Studios (mine included) that had once enjoyed easy annual membership sales were now struggling to convince clients who had held onto memberships they couldn't use during shutdowns. Even now, a few years out from the Covid pandemic, clients are still weary about contracts, so what do you do?
As a fitness studio owner, you know your clients are at the heart of your business- keeping them engaged and committed is central to your success. One of the most critical aspects of client retention is ensuring that they enthusiastically return and renew, but what if everyone is suddenly commitment-phobic? Here are some effective strategies to help you boost membership renewal rates and keep your clients committed to their fitness journey.
Harvard Business says it's 5-25x cheaper to keep a member than to find a new one, so focus on your retention strategies first to increase membership renewal rates and keep your clients committed to their fitness goals.
As Black Friday approaches, most shoppers prepare to take advantage of the best deals and discounts of the year. While retail giants often dominate this shopping event, 71% of surveyed U.S. shoppers are willing to pay more to support small businesses during Black Friday and the holiday season.
The fitness industry revolves around trust. Clients are coming to us with some of their most personal goals- to lose weight, feel confident, and live longer- these are heavy and intimate, which means if we don't have a client's trust, we won't have their membership.