In today's podcast, we cover the subject of how Salon Memberships can benefit your business, chatting with Tara Shaw from Payleadr. 

Put simply, a salon membership is similar to a gym membership model. You receive a certain level of membership with various inclusions, and you pay for it weekly or monthly.

A salon membership may be for a 12 month period and also  be paid for weekly, annually or monthly. You can design bespoke memberships for clients, however most usually provide members with discounts and deals for various types of treatments and services as a reward for signing up to the package program. Members might also receive special offers, prizes, and perks not offered to non-members.

There are many advantages of implementing a Salon Membership program model:

Predictability

When you have a recurring direct debit business model, your ability to accurately predict future income is significantly enhanced.

Visibility

Because of the nature of recurring revenue models, you have clear visibility into what is coming in the next week, month, quarter and year. You know where you stand well in advance.

Expense Management

Predictability and visibility means you can manage your expenses more precisely relative to your revenue.

Valuation

Because of the predictability and visibility factors, valuation multiples are radically different for recurring revenue businesses than any other revenue model.

If you'd like to know more about Salon Memberships, head over to the Payleadr website and get in touch with the team at this link: https://payleadr.com/hair-beauty/