So, the official one-year of professional practice mark has come and gone for me, with little fan fare. However, the one-year mark is a great time for me to re-assess where I am now and where I would like to be, professionally speaking, over the next while.

As I’ve mentioned before, my first RMT position was taking over the practice of another therapist who was moving out of town. This meant that I had the chance to retain some of her client list as my own clients. As is to be expected, some stuck with me, and some chose not to for a variety of reasons; any therapist taking over someone else’s client list will experience the same thing. I have also gained a good number of new clients who were not part of the other therapist’s practice, and the number of new clients on my list is growing by the week. All this adds up to mean that I have a good base to my practice. I never have a week with no bookings, and I have a decent stream of regulars in my schedule. For this I am very thankful, and I appreciate all the wonderful people I have met over the last year.

However, something didn’t seem quite right. I’d have a few weeks where I’d be booked quite solidly, and then several weeks where bookings dropped off to only 1 or 2 per day. I’ve always known that is the ebb and flow of a massage therapy business, and that it is to be expected. But something still didn’t add up for me. If I have a steady number of clients coming in, why are my bookings all over the place?

This past week I sat down with my client list and looked at how people are booking. I looked at two major things: how often people are booking, and what time of day they are booking.

With the time of day, I found what I had already known: I get a lot more bookings between 4 and 7 pm, although I do have a number who book when they have a day off or who work an irregular schedule. So I do have some who book in the morning or early afternoon, but they are certainly in the minority. Not surprising in a town where government and high tech are two key employers, which means there are a lot of ‘9-5′ workers.

As for how often people book, I found that the vast majority of my clients either book in to see me once per month or book when they feel like a massage, not with any regular pattern. Now, both of these situations are very typical of massage therapy clients. Many would like to come more often, but either they have no insurance coverage, or their coverage only allows for one ‘maintenance massage’ each month. Of course I completely understand that people need to do what is affordable for them, and I’m always happy to do my best to work my treatment plan around that. But what I didn’t realize is that I had very few bi-weekly or weekly client bookings!

I can now look at my books a bit more critically and look at ways to attract more people who can have massages more often, or people who are able to come during the day. For those of you wondering how to get more clients in the door, I recommend doing a client list assessment of your own practice. You will probably learn something you didn’t realize about your own clients’ pattern of rebooking, which will help you plan where to focus your marketing efforts. I know I did!

This entry was posted on Sunday, August 12th, 2007 at 8:43 pm and is filed under Massage. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

3 Responses to “The value of a client list assessment”

Jacqui Says:

Candice,

I read your posting with interest as I am currently starting my own massage practice and have the opportunity to purchase another therapists client list, or a portion of it, from them.

However, I have no idea how to value this list. How can I work out a price for this list? What was your experience and what would you recommend.

Thanks in advance for your reply.

Jacqui

Candice Says:

Hi Jacqui,

When I started out, I didn’t have to purchase the other therapist’s client list. The clinic I was working at simply provided it to me. This isn’t a unique situation; here in Ontario we don’t usually sell our client lists. We can sell entire practices, in that a business owner who has spent years building a business can certainly sell the practice (and the client list with it!). But selling just a client list is not usually seen, because as health care providers we are required to ‘pass on’ care of our clients to someone else when we become unable to continue to provide care.

I read one article a while ago, aimed at someone looking to sell his or her practice. Maybe the contents will help you determine the value of that client list.

http://www.mtcoach.com/E%20News%20June%202007.htm

Finally, I wanted to say that in my own experience, only about 50% of someone else’s (former) clients will stick with you. People may choose not to continue getting massages from you for a variety of reasons, ranging from preferring the touch and techniques of the other therapist to deciding not to continue with massage at all, since they were really only going because they really liked the therapist they were seeing. I’m sure that has crossed your mind, but keep it there when you are negotiating a price for that client list.

Good luck!

Donna Says:

I have owned a massage therapy office in an affluent town in Minnesota since 2003. I have literally hundreds or more clients. I would say that I’ve had 80% to 90% retention. I am moving out of state and have been grooming a fellow therapist to take over my clientele. I have prepared my clients for about a year. During this time as I am sure everyone knows there has been a severe downturn in business due to the economy. My clientele has dropped dramatically and I am not sure how to proceed with the sale of my clients. I have gone though my records listing my clients number of visits over the past 7 years, the amounts they have spent and the dependability of each client. I am stuck at what to charge for these valuable contacts. I don’t want to be referred to a service or business broker. Just a formula to calculate what the fair price for about 400 names would be. I am leaving in 2 months. Thanks in advance for any help.