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Increasing
Repeat Client Retention
Millennium Systems International
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.
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.
What is retention? What does it mean to you?
Send your responses via question box.
Customer Retention:
The activity a company undertakes to prevent customers from
defecting to alternative companies (competitors).
Repeat Client Retention:
A measure of how well you are at retaining your clients.
The Six Growth Indicators (KPIs)
New Clients
New Client
Retention
Repeat Client
Retention
Average
Ticket
Frequency of
Visit
Productivity
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.
Step One
Run the RIGHT Reports
Step One
The MA200: Growth Indicators Analysis
Step One
The MA040: Client Retention Summary
Step One
The MA045: Client Retention Detail
Step One
The MA205: Client Retention by Department
Step Two
Make Changes for the Future
• 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
Tip One
Create a Distinct Experience
Your clients should receive the same attention
that was given to them on their first visit.
Think: DISNEY WORLD
Tip One
Create a Distinct Experience
• 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
Tip Two
Focus on Pre-Booking
“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 Two
Focus on Pre-Booking
Tip Two
Focus on Pre-Booking
Tip Three
Utilize 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?
Tip Three
Utilize Segmented Marketing
Tip Three
Utilize 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…
Tip Three
Utilize Segmented Marketing
Tip Four
Sell 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?
Tip Four
Sell 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.
Tip Five
Reward 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
Tip Five
Reward Your Loyal Clients
Lets create an action plan.
What is your next step?
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.
Empower Your Team!
Any Questions?
For questions about today’s presentation:
education@millenniumsi.com

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Repeat Client Retention

  • 2. 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.
  • 3. 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.
  • 4. What is retention? What does it mean to you? Send your responses via question box.
  • 5. Customer Retention: The activity a company undertakes to prevent customers from defecting to alternative companies (competitors).
  • 6. Repeat Client Retention: A measure of how well you are at retaining your clients.
  • 7. The Six Growth Indicators (KPIs) New Clients New Client Retention Repeat Client Retention Average Ticket Frequency of Visit Productivity
  • 8. 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.
  • 9. Step One Run the RIGHT Reports
  • 10. Step One The MA200: Growth Indicators Analysis
  • 11. Step One The MA040: Client Retention Summary
  • 12. Step One The MA045: Client Retention Detail
  • 13. Step One The MA205: Client Retention by Department
  • 14. Step Two Make Changes for the Future
  • 15. • 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
  • 16. Tip One Create a Distinct Experience
  • 17. Your clients should receive the same attention that was given to them on their first visit. Think: DISNEY WORLD Tip One Create a Distinct Experience
  • 18. • 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
  • 19. Tip Two Focus on Pre-Booking
  • 20. “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 Two Focus on Pre-Booking
  • 21. Tip Two Focus on Pre-Booking
  • 22. Tip Three Utilize 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?
  • 24. Tip Three Utilize 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…
  • 26. Tip Four Sell 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?
  • 27. Tip Four Sell 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.
  • 28. Tip Five Reward 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
  • 29. Tip Five Reward Your Loyal Clients
  • 30. Lets create an action plan. What is your next step?
  • 31. 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.
  • 33. Any Questions? For questions about today’s presentation: education@millenniumsi.com

Notas del editor

  1. Include MA040