How to instantly earn an extra $5760 a year or more.

Today we had our monthly team meeting. Our discussion had a very important focus for everyone to consider, is it easier to attract new clients or retain the ones you have? You guessed it, keep the ones you have, but have you ever considered the math behind it?

In any given geographical area there are only so many people. Of those people it’s generally accepted that 8-13% of the total population will possibly be looking or using a service like ours. For easy numbers use 10%. Now list out all of your competition, it’s easy to see these numbers dwindle.

Now consider how many people are left for you to draw from and attract as personal training clients. People are going to come and go but the question becomes can you keep them longer? It may not seem like much to lose 1-3 clients a month but when you start to do the mat it can be pretty staggering. Let’s use the average of 2 per month. On average the majority of our clients see us 3 times per week for 30 minute sessions, let’s assume your training rates are the national average of about a $1/min. So each client lost is costing you about $360/month or a grand total of $8640 over the course of the year! ($30X3X2X12)

Now you won’t prevent everyone from quitting but let me tell you, and we know this from tracking within our facility, that only about 1/3 of people quit for reasons other than they are not getting enough value. Sure they may tell they can’t afford it or they are just ready to work on their own but in truth all they are saying is that your services are no longer providing enough value for them to justify the cost. A classic example of this is that thing you want so bad you scrimp, save, cut corners and get it anyways. We all do it, and we will all do it again.

Simple steps to retaining clients:

• Recognize their successes more often. Not just during their sessions, make a point to give them a quick call, send them an email, congratulate them on Facebook or make some kind of simple silly little award.
• Ask yourself can you feel 100% sincere and comfortable and believe that you deserve to mention at the end of every session, “great job today! By the way I am never too busy for referrals, I’d really like to train more people like you.” You might think it weird to say this all the time but in truth you need to because your clients are talking about you or thinking about what they are doing but many won’t actively think to refer if you don’t remind them.
• Deliver over the top service, the next time a client cancels suddenly just take 1/3 of the time you had planned to be with them to call, email, or Facebook them and other clients to tell them how great they are and how much you appreciate them. If you just invested these few precious minutes all the time you will be the busiest trainer in your area in no time.
• As my buddy Steve Hochman says go “APE” shit in every session with your clients. Appreciate them, be Passionate and Enthusiastic.

It’s really that simple, we always make things harder than they are. I see the numbers and the math behind our business every day; I know if you just work on these things and make them habit you will retain more clients longer. After all wouldn’t you like to instantly increase your earnings by $5760 a year? ($8460 less the 1/3 of client cancels for reasons beyond your control.)