Morning and evening classes are packed with a waiting list! What more could you ask for? PLENTY! What about those quieter hours where there’s not much going on? This is prime time that needs to be optimized. We’ve come up with some ways to help you do this.
Exert: Have you ever scheduled a class that didn’t take off as you thought it would? What if we told you the secret to your success was data analytics? Unleashing the power of data through reports will help you make better decisions, boost sales and retention figures, give you a competitive edge and provide the best customer experience.
We’ve already explored how to monitor new and lost members in previous articles, and now we’re going to take the data one step further to net membership. With a lot of members coming and going during the month, you need to know what your current total membership is at any given time. You also need […]
We’ve come to our final metric in this series and we saved one of the most important for last. Lifetime value, or better known as LTV, is a metric that allows you to understand how much value each member provides your gym over the course of their time as a customer of yours. Let’s see […]
In the previous article, we covered staying on top of new memberships, but of course there will be members who leave your gym and monitoring that metric is no less important. Members are the lifeblood of your gym so we made it a priority to provide you multiple ways to stay on top of expiring […]
At Arbox, we talk a lot about growing and scaling your business, and adding new members is key to making that happen. In a previous article, we discussed how important it is to keep your current members engaged, but that doesn’t detract from the necessity of constantly looking to improve your overall numbers and client […]
At first glance, profit appears to be the golden metric for any business owner. You want to know how much money you’re really taking home every month and it’s a great indication of success. The issue generally is that not every platform allows you to accurately view your profit numbers. In order to accurately calculate […]
Revenue. A metric that’s pretty simple, but its simplicity shouldn’t overshadow its importance. Being aware of your total revenue is essential for monitoring the growth and success of your business. That’s why we’ve built some pretty robust data points into the Arbox platform to enable you to stay on top of your revenue in a […]
Without a doubt, one of the most important metrics to concentrate on when running a business is your monthly revenue. It’s obvious that your company has to make money every month or it won’t survive, but how many business owners are actually tracking their average revenue every month per client? Getting a handle on the […]
When you opened your fitness business, it’s likely that one of your top goals was maintaining that coach and mentor connection you’ve always felt with your clients. We’re here to tell you that even as you grow your gym or studio to new heights, it’s still possible to keep that intact. According to Chris Cooper […]