There are three key actions you must take to achieve a successful martial arts business. Being a master of the arts is an enormous and impressive accomplishment, but to run a thriving dojo you must also be a master of the business of running a dojo.
This doesn’t mean you have to get your MBA, but it does mean that you must focus the business details along with the details of your art. The keys to having a successful martial arts business can be summarized with three main points:
* Getting new students
* Retaining your existing students
* Selling new products or services to your students (often referred to as “up selling”)
Getting New Students in the Door
Attracting new students to your dojo is all about marketing. This is how any business attracts new customers and that is what your students are – customers. Your dojo may showcase your martial arts skills, but your business office better be figuring out where and how to most efficiently spend those scarce marketing dollars.
Your target customers, meaning students, may be children or adults or both. Focus in on where your potential customers receive their information on recreational or educational activities. Possibilities could include schools, libraries, and community centers.
Once you know “where” your potential customers are, you can then decide on the “how”. Mailers, print advertising, posted flyers, free demonstrations – these can all be effective ways to get the word out about your school.
Retaining Existing Students Month After Month
That first month of martial arts is exciting for a new student. But once that student gets over the initial rush of a new activity, the student may become distracted, bored, or overwhelmed by the immensity of what they want to accomplish in the martial arts.
A successful martial arts teacher will pay attention to how to keep the students inspired and engaged. This can involve both the personal touch of one-on-one attention and encouragement along with varying drills and activities specifically designed for new students.
Structuring attainable goals and making sure your new students not only reach them but are recognized for reaching them is another important component of a student retention plan.
Selling New Products or Services to Your Students
Developing new products and services does not mean just thinking up ways to make more money for your martial arts business. The creative dojo master will regularly review his products and services to determine if there is a need that is not being met.
Do some students need private lessons for a more personalized learning experience or to prepare for advancement? Would printed learning material assist some students? Would T-shirts, sweatshirts, and equipment bags printed with the name and logo of your school inspire your students and market your business?
Will students benefit from a more advanced program? Which students show signs of becoming leaders in the school and thus be good candidates for your leadership programs?
A Business Master
Someone who has mastered the martial arts already has proven their commitment and passion to their art. The master of successful dojo is proof of their commitment and passion to their school and their students.
This master will always pay attention to the business aspects of his or her martial arts business as well as the art, both for their own financial benefit and also for the sake of their students. You must successfully recruit, retain, and meet the needs of your students if you are to achieve a successful martial arts business.