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03 January 2019 / by Gareth Hill

 

How to Boost Profit with Online Bookings

It doesn’t matter what industry you work in, having the right tools for the job can make all the difference to the profitability of the business. Tools that help you deliver better service, increase efficiency or, of course, ensure that the job gets done to a higher standard, all of which feeds into the health of your bottom line. Your booking system is no exception.

When taking bookings or making appointments in your business, the way in which you handle these can have a major impact on your sustainable success. A poor booking journey, offering a user experience that’s below customer expectations, does little to encourage future bookings, for example.

Similarly, a booking process that’s admin heavy, laborious and inefficient can eat away at precious time and restrict opportunities for growth.  

booking system making profit

Encourage repeat business through exceptional Customer Experience (CX)

One of the main drivers of long-term profit in any business is the ability to maintain a strong and loyal customer base. Loyal customers have a tendency to spend more, are more inclined to try new products and services from you, and more likely to recommend you to others.

It cannot be understated how important delivering high-quality customer experience is to getting clients ‘on-board’ for the long-haul, with consumers 6 TIMES more likely to become repeat clients if you provide great CX.

Your booking system ought to be at the heart of this experience; ensuing that customers are not forced down annoying digital cul-de-sacs, or made to endure a long-winded and overly complicated process.

Because if they do, chances are, they won’t be back.

Customer experience booking system

Effective Booking Systems Increases Customer Spending

It’s stating the obvious to point out that profitability is intrinsically linked to increasing revenue streams.

By implementing an online booking system developed to deliver commercial benefits, then you have a platform ideally suited for maximising revenue opportunities in any number of ways.

  • Increased booking rates – a fast and user-friendly system encourages customers to make their booking with you rather than with those who offer more complicated or slow processes. More bookings means more transactions, meaning more revenue
  • Upsell Opportunities – An intelligently designed booking system provides opportunities for more profitable customer engagement throughout the entire booking journey. This can be through upselling of linked products and services, bundled into one easy transaction, offers a chance for opening up new revenue streams associated with your core products.
  • Personalised engagement – Offering easy-to-book consultation appointments, personalised to meet client wishes, is a proven way to deliver customer satisfaction and higher yielding transactions.

The Efficiency Factor

Your booking process, while important, shouldn’t be an all-pervasive element in the business. It makes no sense for your bookings to become a major burden on your time when that time invariably comes at a cost to your profits.

While a good booking system will automate those processes previously managed manually, a great booking system will also provide you with the tools to use that freed up admin time for more productive and business development purposes.

For example: rather than spending hours compiling booking reports, wouldn’t it be more productive using automatically collected data for tailored marketing and client engagement?

An efficient booking system is not just one that saves time, but is one that is actively allowing you maximise the potential of your time.

Conclusion

The simple maxim behind a profitable business is this:

Sell More – Spend Less.

Now, it’s true that you will have to invest more in a booking system that offers the requisite functionality, but it’s an investment made with a mind towards the long-term cost benefits.

A superior booking system is not just a neat little piece of software to grab a few new bookings. It’s an essential part of the business, providing the commercial and operational tools that help you deliver exceptional service and customer experience, improving revenue opportunities and client insight. A tool that inspires more efficient and customercentric ways of working, saving time, making money and boosting the profitability of the entire organisation.

Find out more about how thinkBooker can help solve the profit draining issues in your business, by getting in touch via our contact page.

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