Partner Blogs, Retention
How to Get Your Fitness Studio a Sky-High Retention Rate
When you invest in marketing and work hard to grow your fitness studio, it’s critical that you benefit from the time, money, and sweat you put in through a high retention rate.
If members are leaving as fast as you can sign them, your fitness studio will never be able to hit your growth goals.
To avoid a revolving door of people in your fitness studio, take a good look at the experience you’re providing. Just like your marketing, the experience your fitness members have after they join needs to be strategically planned to give you the best retention rate results.
So let’s dive in…
Focus on Member Retention Rates for Your Fitness Studio
One of the most important metrics every fitness studio should track is their retention rate. It’s non-negotiable.
If you can’t retain fitness members, there’s a problem with your business. It’s cheaper and easier to keep a current client than it is to find a new one.
Plus, if you’re great at marketing and use the closing strategies Loud Rumor teaches, it’s like compounding interest for your business.
Each new client you retain provides your business with more and more revenue each month. Every time someone pays their membership dues, you collect a return on your acquisition investment. Or, the amount you originally paid to bring them into your fitness studio.
This return only increases as time goes on. The most successful fitness studios offer an incentive for current members to refer friends and family, like a small discount for the month that a new customer signs up.
So now, your current members have a double benefit of being able to work out with their friends AND, enjoying that for less money. Plus, you have a new fitness member who came in at a low investment… dramatically increasing your retention rate.
Creating a Great Experience For A Higher Retention Rate
The best way to create a great experience is to start with the end in mind.
What is the outcome you want from your member’s visit? For most fitness studio owners, the goal is to give people a studio and staff that they simply can’t live without—so they sign up for a membership.
Using the first 180 days as our benchmark for success, here’s how you can create a great experience to increase your retention rate:
If a person attends a workshop you co-host with a strategic partner to cover the top 5 mistakes people make when trying to lose fat, make sure they sign up to get more information from you.
Using this template, you can create your own unique client experience. The experiences and touch points should be specific to your Ideal Client. When creating your experience, ask a simple question:
“Will this lead to a thrilled member, and will this make them refer my studio?”
Get Them to Like Your Fitness Studio
After attending your workshop, they visit your landing page for your transformation challenge. They apply to join the challenge after reading through your blog and seeing your success stories online.
Feel the retention rate growing?
Participating in Your Trial or Special Offer
During a potential member’s initial experience, make sure to offer the opportunity to sit down with someone on your team to discuss their future goals and set up a success plan. During this time, you will want to make them an offer to join your program.
Immediately Upon Joining
Ensure that you take care of all the loose ends for your new member. Schedule their first week, ensure they have all the gym’s contact info, and confirm they know what to expect at the first session.
It’s good practice to have the coach for the first session call them to introduce themselves as well!
A gift package for joining makes your new student feel welcome as well. You can get branded gift packages, which will really boost your retention rate, through Wenning Branding.
This could include important items you want them to have such as a foam roller, a band, any home training resources, a nutrition guide or cookbook, a t-shirt, or other swag.
It’ll go a long way when they tell their family and friends how cool the swag is… and there’s your first referral.
The Retention Rate Cycle Begins
Ensure the coach for the session knows the new member is attending, they have a background, and they are prepared to welcome them to the program.
Have them meet the new member at the front desk for their first session and give a tour of the facilities before getting started.
7 Days after Joining
Send a welcome letter to your new member’s home with referral cards and an offer to bring their friends in for a workout.
Included in this letter or package can be a success story booklet where you share your member success stories, or even a culture book you’ve created for your gym.
14 Days after Joining
Complete a personal check-in call to make sure the experience has been satisfactory for your new member and make sure all their questions have been answered.
30 Days after Joining
Schedule a “First 30 Days” check-in with your member to sit down, review their progress, and troubleshoot any issues. This is a good chance to upgrade their membership for free or at a low cost to enhance results.
60 Days after Joining
Schedule a sit-down with the member to review their progress toward their goal and discuss the experience so far in the program.
Troubleshoot any issues that they might have and give a free gift like a supplement or book. You can also get them to commit to their new upgraded membership offered on day 30.
90 Days after Joining
Take your awesome member to lunch or coffee as a special treat. Let them know how much you value them. This is a great chance to interview them on their experience and find ways to make it better.
180 Days after Joining
3 months into their membership, your member may begin to experience a drop-off in motivation. You can combat this by sending a “swag bag” in the mail along with a special offer to join an exclusive VIP program that’ll enhance their results.
This could be a basic enrollment in your gym’s private training services or even a discounted membership in a nutritional program.
It should be something that will bring an added benefit to the overall experience as a member while also encouraging them to go beyond the 3-month mark.
Final Thought On Boosting Your Retention Rate
Putting in a scripted, planned client experience will give you more opportunities to sell, wow clients, and get referrals. All of these things, in addition to selling more retail, will dramatically boost your retention rate.