Post by asadul5585 on Feb 22, 2024 5:40:50 GMT
To decide how much to charge in payment plans for your studio, you need to know a list of factors and information that will define the value of each plan. The main ones are costs, operating capacity, competition, profit margin, target audience and billing methods. If you teach at a studio, you need to know how much it costs to operate, how many students it can support, and how many classes these students will take per week. Furthermore, it is necessary to define a profit margin that is not too far from what is practiced by other companies in the same sector. Also pay attention to your competitors: identifying strengths and weaknesses in the competition can put your business ahead of the market. Do you want to better understand how to calculate all this and leverage your profits? So, be sure to read this guide we prepared for you! How do I set up payment plans for my studio? A simple calculation to define the value of classes or plans is to divide the number of customers you have by the amount of revenue you want to achieve per month. But, to arrive at this calculation, we need to pay attention to a series of other factors that will influence the result.
Check out! 1. Costs Costs or expenses are all those amounts necessary to keep your studio running. We can separate them into two types, fixed and variable . Fixed costs are those that practically do not change from month to month, such as rent, employee salaries, energy, water, telephone and internet bills. Variable costs are those for which it is never possible to Kuwait Mobile Number List predict an exact value, as they can vary greatly from one month to the next. You can include here: equipment maintenance; cleaning products; general repairs; It is office supplies and the like. It is important to know how to organize accounts receivable and payable, even those minor expenses. This way, you will be able to clearly see where the money is going and can study a way to maximize your profits.
To make our reasoning easier, let's imagine that, after adding up all the costs, we arrive at a value of R$60,000 per month. This is the capital that your business needs every month to function. We will use it later. 2. Capacity The operating capacity will also directly influence the studio’s monthly fee. If you teach Pilates, for example, you need to answer the following questions: How many days a week is the studio open? How many hours per class? How many classes per day? How many students per class? But how to calculate capacity? Let's assume that your company is open 5 days a week, 20 days a month , offering 4 classes of 2 hours each every day . In each of these classes, your team can serve a maximum of 5 students.
Check out! 1. Costs Costs or expenses are all those amounts necessary to keep your studio running. We can separate them into two types, fixed and variable . Fixed costs are those that practically do not change from month to month, such as rent, employee salaries, energy, water, telephone and internet bills. Variable costs are those for which it is never possible to Kuwait Mobile Number List predict an exact value, as they can vary greatly from one month to the next. You can include here: equipment maintenance; cleaning products; general repairs; It is office supplies and the like. It is important to know how to organize accounts receivable and payable, even those minor expenses. This way, you will be able to clearly see where the money is going and can study a way to maximize your profits.
To make our reasoning easier, let's imagine that, after adding up all the costs, we arrive at a value of R$60,000 per month. This is the capital that your business needs every month to function. We will use it later. 2. Capacity The operating capacity will also directly influence the studio’s monthly fee. If you teach Pilates, for example, you need to answer the following questions: How many days a week is the studio open? How many hours per class? How many classes per day? How many students per class? But how to calculate capacity? Let's assume that your company is open 5 days a week, 20 days a month , offering 4 classes of 2 hours each every day . In each of these classes, your team can serve a maximum of 5 students.