5 Ways To Quickly Boost Cash Flow In Your Salon

Cash flows in, cash flows out.

That’s business.

And good business means more cash flows in than flows out.

Simple, right? Yet easy to overlook. Especially when your business is growing, and the income is increasing, there is, sometimes, a tendency to ignore the fact that outgoings may be increasing just as much—if not more.

That’s why understanding cash flow is a key element in helping grow your business

While watching your cash flow is vital to running a successful business it is just as important to be able to find new ways to increase the cash flowing in.

So, what are some ways to boost cash flow?

Good question. And one you might benefit from asking yourself today.

So, to help stimulate ideas for how you might give your business a quick boost of cash, we’ve come up with… 5 Ways To Quickly Boost Cash Flow In Your Salon

1. Add a new product with a nice mark-up.
One of the most simple ways to increase cash flow in is to add a new product. Selling retail items is a simple way to add to the cash flowing in. Wise up your staff to the new item and take every opportunity to mention or offer it to your customers. But be careful too. Offering new retail items will also add to the cash flowing out. Paying for wholesale goods must be taken into consideration when looking at your cash flow. Does your supplier offer friendly terms? Can your supplier work with you when needed, delaying payments due dates without penalising you? That kind of thing.

2. Offer gift vouchers.
Another great way to increase cash flow is to offer gift vouchers. Gift vouchers don’t require any extra ‘purchase’ on behalf of your business but they do bring immediate cash in. Users of Simple Salon benefit from the gift voucher features which include the ability to incorporate reward points—another booster for cash flow when customers come in to redeem their rewards and end up purchasing more retail or extra services.

3. Run a special.
A great way to get a cash boost can be to run a special. Winter Special? Wellness Wednesday Promo? Whatever you come up with to inject a bit of extra cash for a short period can be the difference between having a healthy cash flow and a bad night’s sleep—for a month.

4. Remind current customers with an SMS or email.
Making sure your customers keep coming back can be as simple as reminding them with an SMS or email. One of the excellent benefits of being in the health and beauty business: repeat customers. Repeat customers help predict future cash flow; you can have a very good idea about what to expect month-to-month, and what each season might look like. So, if a customer hasn’t been in for a while you can send them a friendly hello—Simple Salon helps you identify customers who haven’t been in for a while with this cool feature HERE. Or, maybe it’s simply a matter of making sure your bookings turn up; reminder texts are very efficient at making sure you reduce the dreaded ‘no-shows’.

5. Increase your prices.
One way to increase your cash flow is so obvious we often over look it: raise your prices. When was the last time you evaluated your pricing structure? A year? More? Maybe it is time to move with inflation? Unless your goal is to do the least and charge next to nothing you can send a clear communication about how your customers should expect better from you because you are worth it, and your prices reflect this. Increasing your prices can show your customers how confident you are in the value you bring to their lives.

Because bringing value is what business is all about. And the way to stay in business is to manage your cash flow. Having a few more ideas about how to boost cash flow is just another way you can help your business grow.

And you can keep bringing value to a growing base of happy customers.

Because bringing value is what business is all about. And the way to stay in business is to manage your cash flow. Having a few more ideas about how to boost cash flow is just another way you can help your business grow.

Why not let Simple Salon help you take action on implementing all of these ideas—and more—with our fully featured and highly competitively priced booking and POS software?

Get your cash flowing today with Simple Salon FREE for 30-days by signing up to a no-obligation trial HERE.

5 Ways To Quickly Boost Cash Flow In Your Salon

Cash flows in, cash flows out.

That’s business.

And good business means more cash flows in than flows out.

Simple, right? Yet easy to overlook. Especially when your business is growing, and the income is increasing, there is, sometimes, a tendency to ignore the fact that outgoings may be increasing just as much—if not more.

That’s why understanding cash flow is a key element in helping grow your business

While watching your cash flow is vital to running a successful business it is just as important to be able to find new ways to increase the cash flowing in.

So, what are some ways to boost cash flow?

Good question. And one you might benefit from asking yourself today.

So, to help stimulate ideas for how you might give your business a quick boost of cash, we’ve come up with… 5 Ways To Quickly Boost Cash Flow In Your Salon

1. Add a new product with a nice mark-up.
One of the most simple ways to increase cash flow in is to add a new product. Selling retail items is a simple way to add to the cash flowing in. Wise up your staff to the new item and take every opportunity to mention or offer it to your customers. But be careful too. Offering new retail items will also add to the cash flowing out. Paying for wholesale goods must be taken into consideration when looking at your cash flow. Does your supplier offer friendly terms? Can your supplier work with you when needed, delaying payments due dates without penalising you? That kind of thing.

2. Offer gift vouchers.
Another great way to increase cash flow is to offer gift vouchers. Gift vouchers don’t require any extra ‘purchase’ on behalf of your business but they do bring immediate cash in. Users of Simple Salon benefit from the gift voucher features which include the ability to incorporate reward points—another booster for cash flow when customers come in to redeem their rewards and end up purchasing more retail or extra services.

3. Run a special.
A great way to get a cash boost can be to run a special. Winter Special? Wellness Wednesday Promo? Whatever you come up with to inject a bit of extra cash for a short period can be the difference between having a healthy cash flow and a bad night’s sleep—for a month.

4. Remind current customers with an SMS or email.
Making sure your customers keep coming back can be as simple as reminding them with an SMS or email. One of the excellent benefits of being in the health and beauty business: repeat customers. Repeat customers help predict future cash flow; you can have a very good idea about what to expect month-to-month, and what each season might look like. So, if a customer hasn’t been in for a while you can send them a friendly hello—Simple Salon helps you identify customers who haven’t been in for a while with this cool feature HERE. Or, maybe it’s simply a matter of making sure your bookings turn up; reminder texts are very efficient at making sure you reduce the dreaded ‘no-shows’.

5. Increase your prices.
One way to increase your cash flow is so obvious we often over look it: raise your prices. When was the last time you evaluated your pricing structure? A year? More? Maybe it is time to move with inflation? Unless your goal is to do the least and charge next to nothing you can send a clear communication about how your customers should expect better from you because you are worth it, and your prices reflect this. Increasing your prices can show your customers how confident you are in the value you bring to their lives.

Because bringing value is what business is all about. And the way to stay in business is to manage your cash flow. Having a few more ideas about how to boost cash flow is just another way you can help your business grow.

And you can keep bringing value to a growing base of happy customers.

Because bringing value is what business is all about. And the way to stay in business is to manage your cash flow. Having a few more ideas about how to boost cash flow is just another way you can help your business grow.

Why not let Simple Salon help you take action on implementing all of these ideas—and more—with our fully featured and highly competitively priced booking and POS software?

Get your cash flowing today with Simple Salon FREE for 30-days by signing up to a no-obligation trial HERE.

“I absolutely love Simple Salon and highly recommend it to other beauty professionals. I had a follow up phone call within a few weeks of signing up which made me feel fantastic! She explained the Help & Support which is super easy to work. Since using Simple Salon I have doubled my clientele, and even brought back past clients!”
Michelle J, Business Owner

“I absolutely love Simple Salon and highly recommend it to other beauty professionals. I had a follow up phone call within a few weeks of signing up which made me feel fantastic! She explained the Help & Support which is super easy to work. Since using Simple Salon I have doubled my clientele, and even brought back past clients!”
Michelle J, Business Owner

Make more of your story today

Try Simple Salon free for 30 days. Explore for yourself with no risk and everything to gain.

Make more of your story today

Try Simple Salon free for 30 days. Explore for yourself with no risk and everything to gain.

Make more of your story today

Try Simple Salon free for 30 days. Explore for yourself with no risk and everything to gain.