Now that you know what it takes to start teaching yoga, how exactly do you make a business out of it and set yourself up for success at the onset? That’s our point of focus here today. How exactly should you set up a yoga training business and what tools do you need?.
Yoga is an ancient Indian practice for optimum physical and mental well being. But when it comes to turning the practice into a thriving source of income, you’ll have to follow some time tested principles of business.
Yoga is a booming business with more entrepreneurs actively entering this field and a significant daily increase of customers.
1.) Create A Business Plan.
Draw out a solid business plan for your yoga studio. Find out the necessary details like how much working capital you need to successfully run the studio for at least a few months of its initial phase.
Do make sure that your business plan includes the current rates of yoga studios around you. The plan should also include how much you’ll be charging. If you’re starting your own yoga business as a brick and mortar establishment, the plan must include utility expenses and possible rent costs and you should also take account of finances for managing the staff.
2.) Get Your Payments and Scheduling in Order.
You should make it your business to figure out how to schedule your classes and collect your payments from students on time. Figure out when and where you’ll be holding classes for students and after determining your rates you should charge clients whether monthly or one time.
Students should be able to easily find out your schedule and when they can fit into it. You can either do all of this manually or you can use a tool like Favyogis that allows you to schedule your classes with students and easily collect monthly or one-time payments for your yoga business all in one place. Instead of having to go through the hassle of keeping track of students just to collect your fees you could just collect your payment whether monthly or one time automatically, streamlining your whole payment process.
You can set up your schedule and let students know and you can also put it on your website so anyone who comes to your page can easily get a hold of your schedule. Which leads us to the next part.
3.) Get A Website and Logo Made.
A crucial aspect of any business these days is your online presence and branding, namely your website and your logo. Both of these are very essential for getting new clients, a website enables potential customers to get prior information about your business before even contacting you and this can most convert customers from just viewing your web page.
A memorable logo will attract customers and increase your brand awareness which is great for business.
4.) Build A Customer Base.
A crucial step in building any business for success is building a loyal customer base. Explore your current network and start building your client list. Treat students in the best way possible and leave them with a memorable experience of your yoga business, the best way to build is through satisfied customer reviews and happy clients.
5.) Expand Your Reach
Expand your marketing efforts so you can keep getting a steady stream of clients because that’s the lifeline of any business. You should explore different client acquisition methods such as social media marketing and SEO. Keep track of current students and reach out to them via email to keep them updated on your schedule or any deals or discount you’re offering.
You can easily do this with a tool like Favyogis that allows you to notify students via push notifications and email and keep track of clients and keep them up to date all at once in one place through Favyogis.
Keeping yourself continuously updated about your practice and best business practices will ensure your continued success and using tools like Favyogis to automate different aspects of your business will not only ensure smooth business operations but also less work and more time saved.