Referrals: A Critical Component to the Long Term Success of your Aesthetics Business
Referrals are a critical component to the long term success of your aesthetics business. You spend a certain amount of money to acquire every customer that walks in the door. A customer will spend an average amount per visit, which means your profit is the amount left over after deducting marketing expenses and the other amortized expenses that you can easily average out per client. In other words, you have a financial investment in each client. But, Referrals are freebies. You have not had to spend marketing dollars to acquire this client; they were sent to you by another client. They came in the door pre sold on using your services because a trusted friend recommended them to you. Business would be perfect in all clients came this way and had the same positive attitudes.
How do you start acquiring more referrals? Ask for them. Let your existing clients who are satisfied with your services know that you appreciate referrals. Offer each o them some sort of thank you gift for every referral they provide you with. This can be a coupon for a free visit, a discount on a next visit, or a sample of some product you are selling that you believe would benefit them. The added benefit here is that the sample product may result in more sales down the road. The discount will get the client back into your door quicker, spending more money. And the free visit will interest the client so much that they may become even more of a walking, talking advertisement for your business, sending you more and more referrals.
Referrals are often called word of mouth advertising, but in actuality they are not generated by advertising, but instead by publicity. The difference is that advertising is paid for and publicity is positive information provided about your business for free. The old saying in the marketing world is advertising is what you pay for, and publicity is what you pray for. Some studies show that word of mouth publicity referrals are the most effective promotional method as far as getting people to take the business seriously and give it a try. After all, the person making the referral is someone they trust, who has no financial state in the matter. This being the case, make sure that you are getting all the referrals that you can handle. Ask for the business and you will receive it.
