Hey there, fellow local business warriors!
If you're running a wellness center and dreaming of breaking past that $10,000 recurring monthly revenue mark, I've got some gold for you today. I'm here to share the lessons I've learned over a decade of grinding, tweaking, and sometimes, outright struggling to grow my local businesses. It's been a journey of discovering not just how to work in my business, but on it, aiming for that sweet spot of growth and freedom.
You've been at this for years, pouring everything into your business. Yet, it feels like you're running on a treadmill. You see others zooming past, and you can't help but wonder, "What's their secret?" It's maddening, right? The good news is, it doesn't have to be this way.
Just like keeping tabs on your health with regular check-ups, your business has vital signs too. And if you're doing under $10K a month, there are specific metrics you need to keep your eyes on. These aren't just numbers; they're the pulse of your business, telling you what's working and what's not.
First up, leads. These are potential customers who've shown interest in what you offer. Maybe they've dropped you a message on Facebook or signed up for your newsletter. If you're not tracking this, you're missing out big time. Your website should be more than a booking tool; it should be a lead-generating machine.
Next, we've got sets - those appointments you've locked in. This is where your leads start to take shape into real business opportunities. But remember, every set was a lead first so if you have 10 sets this past week, you also have 10 leads. This will help you to determine how many leads convert into sets.
Shows are crucial. They tell you how many of those appointments turn up. Your show rate may be fine right now, but as you push towards that $20K mark you'll likely lean on paid ads, which might bring in folks who are less committed. Keeping an eye on your show rate will help you gauge the quality of your leads and sets.
Finally, conversions. This is where the rubber meets the road. If people are coming in but not signing up for more sessions or memberships, it's time to reassess your sales approach. Remember, we're after long-term relationships, not one-off visits.
Weekly, without fail. Set goals, then review your progress. It's like setting a fitness goal; you need to track your progress to stay motivated and adjust your plan as needed.
Let's Say...
You're currently at 10 leads, 10 appointments, 9 shows, and 1 conversion. Pick one area to improve (My suggestion? Start with leads and see if everything down stream improves), and make a small change. Do this consistently week over week and you'll be amazed at the impact.
If this resonates with you, you're going to love our upcoming webinar on growing your wellness center to $20K. It's free, and it's packed with actionable insights. [Register here].
And hey, stick around for next week's post. We'll dive into what metrics to focus on as you climb from $10K to $20K. See you then!