If you find that your med spa’s profit margin doesn’t measure up to the average, then it’s time to give your business a facelift. You can implement some changes to your business that will help shoot your profit margins above and beyond that 29% mark, and it all begins with cutting your operating costs.
Running a MedSpa entails a lot more operating expenses than people think (and maybe more than you thought when you got into the business).
Some of those key operating costs include:
One way to bring down those costs is to invest in technological efficiency. The right business management platform can help to elevate your client experience by creating more personalized touches. Think things like the ability for clients to self-book appointments online and to share notes and inspo photos so that you can get a better idea of the results they’re looking for.
In addition to that, the right software provides your employees with quick and easy access to client information including allergies, treatment history, and more to ensure everything runs smoothly and to make your clients feel like they’re your favorite child. Follow-up becomes easy too, as a good platform will allow you to see suggested products and purchase history to help drive upsells.
Speaking of upsells, you want software that will allow you to offer contactless payments as well as custom reporting to see how different services, treatments, and products are performing in your MedSpa.
When it comes to your employees, the best business management platform should have quick and easy onboarding as well as a way to keep track of employee performance.
By having technology that is efficient and offers tools like those above, you save yourself a lot of time. Can you imagine trying to manually book every appointment? Scrambling to find client information because it’s not all in one place? Missing out on add-ons because you can’t access what treatments and products your clients may be interested in? Sounds like a nightmare.
Boulevard was built to help your MedSpa reach a revenue that goes above and beyond the average medical spa revenue. Get a free demo today to see for yourself how this platform can take your business to infinity and beyond.