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Tag Archives: Yield Management
4 Ways to Calculate Client Value and Grow your Business
Not all clients hold the same (potential) value when it comes to your business. So it’s important to consider why you might be handling a client you only see twice a year, the same way you are handling a client that comes in every week. Continue Reading…
Spa Business Analysis – FREE Webinar
Use Spa Metrics for Steady Business Gains
Webinar Length: 47 minutes
In this webinar, Leslie Lyon of Spas2b will uncover the most potent Key Performance Indicators (KPI’s) used in measuring a spa’s actual and potential levels of success.
These metrics are easily inserted into your business growth and goals plans, and when used constructively, can motivate staff to accelerated levels of performance, and provide you with better control over your business outcomes. Continue Reading…
Top 5 Business Inspirations
Now is the time that the “luxury” of spa, must become the “business” of spa
When I see any of these 5 items in practice inside a spa, I am impressed. The business of spa has to dominate the luxury of spa, now more than ever. Continue Reading…
Top Business Boosters – Part 1 of 3
1. Stay “Tapped in”
Being on top of whats trending is the jumping off point for anyone looking for deeper rewards and a more lucrative future. There are many ways to grow your business, most of which will build momentum gradually and prove themselves with time. Continue Reading…
Top 3 Business Boosters – Part 2 of 3
2. Analyze Client Profitability
Handle your Clients according to the value they bring to the business
“You will be most successful if you are a business who is diligent in gathering customer data and then providing initiatives that will encourage those customers to become even more profitable to the business.”
We know that our most valuable customers are those who have come in recently; who shop with us frequently; and who spend a lot of money when they visit. Continue Reading…
Top 3 Business Boosters – Part 3 of 3
3. Discover Passive Income
Passive income is creating a steady stream of cash flow with little or no effort and at the same time allowing you to keep your expenses down. The ultimate goal is to free up more of your time, so you can take on other tasks or projects. Continue Reading…
Revenue (Yield) Management
What is it?
Yield Management is zeroing in on the best mix of services and products to sell at given times to generate the highest revenue and profit.
It all about better managing your financial outcomes.
There are business measures that have been used for many years in the hotel and airline industries that help to maintain a consistent, somewhat controllable, even predictable bottom line during seasonal highs and lows and fluctuating supply and demand. Continue Reading…
