Med Spa Marketing Tip: The Very Un-sexy Plan

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Planning… boring, unsophisticated, nerdy, so yesterday - right? . . . Wrong! Without a plan how do you know where you’re going. Without a plan you are very likely to waste valuable time, energy and money.

It’s almost 2009 and if you don’t have a marketing and promotions plan yet - WAKE UP! Get going, because this is no time for snoozing on the job. Speaking of jobs, with the economy still in a tenuous situation, this is no time to be asleep while your competition sneaks up and whispers in your client’s ears. Work harder than you ever have - if not, there’s someone else ready to take your place; actually there are probably 2 or 3 people ready and able to take your place.

Back to the planning — if you need some guidance, then follow these steps for medical spa / aesthetic practice marketing success:

  1. Vision & Mission - Why, What, Who, How and Where?
  2. Brand - What do your stakeholders say, think and believe about your med spa or practice?
  3. Customer - Who Your Primary Target Audience? Age, Sex, Geography, Income, etc…
  4. Competition - Perform a Competitive Analysis and Secret Shop Your Top Competitors
  5. Trends - Uncover Service and Product Trends and Decide what to Incorporate and what to Drop.
  6. SWOT - Understand your Strengths, Weaknesses, Opportunities & Threats
  7. USP - Unique Selling Position - What makes you better than your competition? If you only work on one thing - this would be it! You have to know why your med spa or aesthetic practice over your competitors.
  8. Marketing Strategy - Positioning, Pricing, Promotions and Advertising
  9. Marketing Budget - Determine what you need to accomplish your sales goals

This is a lot of work - but it’s worth it. It may be the difference between ringing in 2010 or not.

– Deb

P.S. If you need help - give me a shout!

Gift Card Opportunities for MedSpas

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With Black Friday around the corner, I thought it would be appropriate for me to provide everyone my thoughts on gift card sales in MedSpas.

I speak from a voice of experience when it comes to gift cards. Back in 1989 I started selling gift certificates in my two Boston spas. At the time we were very excited when we did a $50K season in each location. By 1993 we were doing $50K days in each of the spas. In addition, in the earlier part of this decade I consolidated over 20 of the best Day Spas in the country. That entity did over $10M a year in gift card sales.

Before I go any further, I want to make it clear that due to the higher price point and the fact that many Medspas are more clinical in nature, gift card sales will never be as high as is typical in a day or resort spa.

But needless to say there are still gift card opportunities in a Medical Spa environment. Here are my top 5 Rules when selling gift cards:

1. Always sell services, series of services or packages not dollar amounts. This provides much greater up-selling opportunities.

2. Always recommend that a 15% gratuity be included. Here is my standard script, “For the convenience of the recipient would you care to include the gratuity?”

3. Have a gift guide setup in dollar ranges that lists services, series and packages available for the clients to peruse at point of sale.

4. Provide your team a gift card sales goal with incentive. Typically the incentive could be anywhere from 1 – 5% of the gift cards sales split pro-rata amongst the front desk team. Keep it fun and track the goal daily.

5. Don’t be too aggressive on your promotion. People buy gift cards for convenience, reputation, and credibility; not because it’s cheap. I like the give and you shall receive approach. For every $100 in gift cards purchased the client receives $15 of gift cards for themselves.

Hopefully you will be able to implement this program by Black Friday. Good luck with your gift card season. Keep me posted how you do.

FXA

Marketing Tip: Scratching Backs to Save Money

swap2Tight economic times require creativity to stay ahead of your competition and wallet. There once was a time when businesses scratched each other’s backs - They helped one another out, because if your neighborhood is thriving, then so can you. Bartering is the exchange of goods and services of equal value - without the exchange of money. What’s not to love about that!

When it makes financial sense, look locally to have your business needs fulfilled and offer your valuable services in exchange. For example, if you normally have your location cleaned - then seek out a cleaning company to barter with. Printing, Advertising, Cleaning Services, etc…

  • Barter for business supplies and services that your business needs
  • Agree, in writing, on the value of each others services prior to swapping services
  • Keep track for your IRS records. It’s best to swap services for services. Deduct as a business expense. Learn more about IRS bartering rules here: http://www.irs.gov/taxtopics/tc420.html

How are you stretching your budget?

–Deb

Acara Reaches Over 1,000 Professionals with Complimentary Medical Spa Webinars

Acara, the leading business team in the Med Spa industry announces its upcoming Webinar Series featuring industry expert Francis X. Acunzo. Register for any of the five complimentary webinars and learn how the Acara Team of top medical spa business leaders strategize and implement Medspa development, management, marketing, and sales.

Branford, CT November 11, 2008 - Acara, the leading business team in the Medical Spa industry announced today its upcoming lineup of complimentary Webinars for industry professionals. Many of these Webinars are back by popular demand and include topics on development, management, marketing and sales. They offer insight into how Acara’s Team of Medspa business experts strategize and implement successful Med Spa programs.

Acara, spa industry solutions

 If you are a Medical Spa Owner or Operator seeking to develop a medical spa or increase your current medical spa’s revenue and profit then you cannot miss these upcoming complimentary Med Spa Business Webinars.

“It is fulfilling to know that we have been able to reach so many industry professionals with our Medspa Educational Webinar Series. Over 1,000 Medical Spa Professionals have attended Acara Webinars since the inception of the program, many from countries throughout the world.” states Mr. Acunzo, Founder & CEO of Acara Partners. “I believe by offering our complimentary Webinars we help build and grow our industry, especially during these trying economic times.” Read more »

New Medical Data: Consumers Look to Minimally–Invasive Procedures

The American Society for Plastic Surgeons (ASPS) has released the results of their recent poll that doctor-with-steshecopeidentifies a drop off in consumers purchasing cosmetic surgery but clearly points to the fact that consumers still remain bullish on minimally invasive procedures that are customary at most Medspas.

I believe the results of this survey point to my position that the market for Medical Spa services continues to expand and the better medical spas with a strong focus on consistent marketing and effective management will succeed even during this tough economic times.

Read more about the results of the ASPS poll.

Please feel free to provide comments.

FXA

Marketing and Sales Seminar Success

Acara held its first Marketing and Sales Seminar this past Monday, October 27th in Branford, CT.  The event was a great success with over 40 people in attendance.  Deb Roberts, Acara’s VP Marketing presented the morning session on Marketing your Medical Spa.  I presented the afternoon session which focused on Selling Medical Spa Services supported by Sandi Unkrur our Medspa Operations Director and Sales Guru.

Each attendee received a 100 page workbook including numerous handouts and worksheets to help them seminar_crowdorganize and coordinate their Medspa Marketing and Sales program once back at their spa or practice.  In addition, our gold sponsors filled everyone’s duffle bag (Acara’s gift to each attendee) with Benev skin care products and a New Beauty Magazine.  Our Platinum Sponsors: Sciton Laser, Robard Corporation and Canfield Imaging Systems presented to the group during lunch and had their technology and products on display throughout the event at their presentation tables.  The education sponsors were the Medical Spa Society and the International Medical Spa Association.

We spent over 7 hours sharing our knowledge and expertise.  The group had numerous questions that added to the discussion and provided a great networking environment where attendees learned from each other as well as the Acara experts.

 

FXA

FXA Comments on the NYC Luxury Spa Market

Recently, I was interviewed by New York Times writer Natasha Singer for an article focused on the number of over-the-top luxury urban spas open or about to open in New York City, “Keeping Up Appearances, No Matter the Dow“.  These are spas that will charge you anywhere from $250 up to $500 for a single service, many of which are located within the best hotels in Manhattan.

I’ve been in the spa industry for over 25 years and during that time have owned or operated over 75 spas and medical spas of which 10 or more were in the luxury category.  So this is a topic I’m fairly comfortable speaking about and though there is a definite market for this level of spa (especially in Manhattan) I’m not sure if there is sufficient market share to go around to fill 6 over-the-top luxury spas.  And depending upon what occurs over the next year or two with the current recession, it might be a long hard road for  many of these newer or about to open spa operators.

I will add, that in a recession, today’s female consumer is much more likely to cut out the $500 spa treatment that no one ever sees, long before she cuts out her $500 Botox treatment that everyone sees.

FXA

Samuel Culbert’s view on Performance Reviews in the Wall Street Journal

Samuel Culbert is a noted business consultant, author and professor of management at the UCLA Anderson School of Management in Los Angeles and he recently wrote an article in the Wall Street Journal, “Get Rid of the Performance Review!”. After reading his article, I must say that I agree with him on how the standard annual performance review system that most companies used today is very flawed. My only wish is that he would actually provide a better solution or a more thought out solution to the problem.

I highly recommend you read his article, Get Rid of the Performance Review. Let me know your thoughts.

FXA

Medspas Going Green

While there are very few green spas in the United States, there are even fewer Green Medical Spas.  As with the spa industry, the medical spa industry is beginning to realize the impact it has on the environment due to the high use of energy, water and waste.  It makes sense that medical spa operators are now concerned about taking care of the environment as well as their client’s bodies.

But what is green? 

As defined by Wikipedia ~ Green building is the practice of increasing the efficiency with which buildings use resources — energy, water, and materials — while reducing building impacts on human health and the environment during the building’s lifecycle, through better , design, construction, operation, maintenance, and removal.

Read more »

Cosmetic Medical Procedures: The New Lipstick?

As I have mentioned before, the most common question I am asked by the press, medical spa owners, physicians, medical spa staff and our clients is “how is the economic downturn impacting our industry”?

I have been in the recent past, and continue to be cautiously optimistic about the the impact of a recession on our industry.  In Acara’s experience, specifically over the past few months, we have seen absolutely no negative impact at the locations that we support with our management and marketing services.  Actually, we’ve seen the opposite, sales are up in the past few months over last year’s sales for the same period.  (I hope it has something to do with our ability to provide expert advice).  But, I also speak to locations that tell me their sales are down and they blame the economy. Read more »