Boutique gyms are classified as small gyms offering group classes, they are growing in popularity due to the differentiated group experience it offers. Rather than having a plethora of machines and dumbbells like commercial gyms, boutique gyms specialize in one or two areas of fitness. Due to its nature of being small and specialized, boutique gym owners may find it hard to build their brand in a saturated fitness market. Amidst the encyclopedic list of marketing strategies, here are some strategies that are worth considering for your fitness business:
Acquiring new customers: Generating Cold Leads
Acquiring new customers refers to marketing targeted at new audiences to gain new clients. In this stage of marketing, businesses can focus on ways to generate cold leads. In the fitness industry, gyms can resort to common methods like content marketing on social media platforms. According to the 2021 Social Sprout Index, 90% of consumers will purchase from a brand they follow on social media. Hence, having a social media presence facilitates social selling and it is crucial for generating cold leads. Besides content creation, there are two other ways of acquiring new customers:- Search Engine Optimization
All customers change: Retaining your customers
All customers change because of factors like individual lifestyle change, change in culture and emerging new trends. To retain customers, businesses have to account for customer dynamics in their marketing strategy. Aside from loyalty programmes and having an exceptional customer service, gyms can consider optimizing these two elements:- Customer onboarding process
Building a sustainable competitive advantage
All competitors react. Hence, waging a price war or relying on first mover advantage is not sustainable. Gyms should focus on building a sustainable competitive advantage. This requires a few key ingredients:
Firstly, the competitive advantage presented must matter to the customers. For example, the availability of niche products like specialized equipment may not be an important competitive advantage for gyms targeting beginner lifters. Secondly, firms have to build a relative advantage by doing something better than their competitors. For example, gyms can focus on building a relationship with their customers as most customers utilize relational-based decision making in favor of environments which they feel well acquainted with. Building relationships can be facilitated through communication between instructors and customers as well as between customers. Having a platform to facilitate a meaningful exchange is a step closer to having a relative advantage over other similar businesses. Lastly, the competitive advantage should be hard to replicate. A sustainable way to differentiate from other businesses is to build a strong brand identity. Businesses can anchor their brand identity by being clear of their unique selling point, having a clear marketing direction and evoking the right emotions in their customers when conveying their brand story. The brand’s personality should be consistently communicated through the style of the businesses' content and marketing materials. In conclusion, Boutique gyms can adopt several methods to market their unique gyms. There is no one size fits all method to grow one’s business in today’s dynamic economy. Businesses have to strive to stay relevant and keep up with the times. This article was written by Kelly Low
