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FITNESS, HEALTH, WELLNESS

Product innovation

Solving the member churn challenge

The retention challenge isn’t something new, but we’ve certainly found ourselves having more conversations on it now than ever before
– Ivan Stevenson, director at DFC

Two in. One out. This is the gruelling reality for gyms up and down the country. Even though one in seven people in the UK possess a gym membership, gyms and health clubs lose around 50 per cent of their members each year.

Mired by an explosion of competition, retention is a nut than people can’t seem to crack. It costs between 5 and 25 times more to acquire a new member than retain one.

Leading revenue management solutions company, DFC, which manages payment collections for gyms up and down the country, believes the answer lies in better payment tracking and Direct Debits.

“The retention challenge isn’t something new, but we’ve certainly found ourselves having more conversations on it now than ever before,” said Ivan Stevenson, director at DFC.

“Direct Debits give everyone control. Fitness is a seasonal business. Spreading payments allows for peaks and troughs in income.

“We’ve worked tirelessly to develop cutting-edge Direct Debit technology that reduces churn.”

One such solution is DFCs online joining portal and 24-hour sales aid, FastDD.

“FastDD is about more than improving member acquisition. It’s about making the member journey simple in order to cement loyalty. The joining process takes just three-minutes end-to-end.”

Even credit control doesn’t have to be a manual process anymore. Another of their fantastic, state-of-the-art solutions is MyPayments - DFCs simple and secure way for customers to rectify defaulted payments online and track ongoing payments through their client’s website or app.

“46 per cent of customers across DFC’s service choose to pay through MyPayments due to its convenience and simplicity and approximately 50% have had success in stage one of the default process,” Stevenson added.

Company Details
Debit Finance Collections DFC
At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden extras. It’s our mission to help you improve your relationships with your customers so that they stay longer. We do this through a commitment to maximise income, streamline administration processes and reduce customer churn for their clients. In short, more time on your accounts hands means less of a hole in your company’s pocket. You can leave us to collect your Direct Debits whilst you concentrate on running – and growing – your business.
Address
16 Davy Avenue, Knowlhill, Milton Keynes, Buckinghamshire MK5 8PL
Telephone
+44 (0)1908 422000
Two in. One out. This is the gruelling reality for gyms up and down the country.
THUMB30018_121979.jpg

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Product innovation

Solving the member churn challenge

The retention challenge isn’t something new, but we’ve certainly found ourselves having more conversations on it now than ever before
– Ivan Stevenson, director at DFC

Two in. One out. This is the gruelling reality for gyms up and down the country. Even though one in seven people in the UK possess a gym membership, gyms and health clubs lose around 50 per cent of their members each year.

Mired by an explosion of competition, retention is a nut than people can’t seem to crack. It costs between 5 and 25 times more to acquire a new member than retain one.

Leading revenue management solutions company, DFC, which manages payment collections for gyms up and down the country, believes the answer lies in better payment tracking and Direct Debits.

“The retention challenge isn’t something new, but we’ve certainly found ourselves having more conversations on it now than ever before,” said Ivan Stevenson, director at DFC.

“Direct Debits give everyone control. Fitness is a seasonal business. Spreading payments allows for peaks and troughs in income.

“We’ve worked tirelessly to develop cutting-edge Direct Debit technology that reduces churn.”

One such solution is DFCs online joining portal and 24-hour sales aid, FastDD.

“FastDD is about more than improving member acquisition. It’s about making the member journey simple in order to cement loyalty. The joining process takes just three-minutes end-to-end.”

Even credit control doesn’t have to be a manual process anymore. Another of their fantastic, state-of-the-art solutions is MyPayments - DFCs simple and secure way for customers to rectify defaulted payments online and track ongoing payments through their client’s website or app.

“46 per cent of customers across DFC’s service choose to pay through MyPayments due to its convenience and simplicity and approximately 50% have had success in stage one of the default process,” Stevenson added.

Company Details
Debit Finance Collections DFC
At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden extras. It’s our mission to help you improve your relationships with your customers so that they stay longer. We do this through a commitment to maximise income, streamline administration processes and reduce customer churn for their clients. In short, more time on your accounts hands means less of a hole in your company’s pocket. You can leave us to collect your Direct Debits whilst you concentrate on running – and growing – your business.
Address
16 Davy Avenue, Knowlhill, Milton Keynes, Buckinghamshire MK5 8PL
Telephone
+44 (0)1908 422000
Two in. One out. This is the gruelling reality for gyms up and down the country.
THUMB30018_121979.jpg

Product innovation

"We summarise what we do in two words – functional art," says Gian Luca Innocenzi,
Cryotherapy supplier Art of Cryo has created a new 12-person walkthrough cryotherapy chamber at Cryo
Gibbon Slacklines has officially launched in the UK, introducing two flagship products: the Giboard and
Form has announced the launch of HeadCoach, in-goggle, real-time coaching for swimmers delivered via augmented
Egym has introduced Open Mode on its Smart Strength machines, enabling them to be used
Myzone has announced the launch of MZ-Open, an access function that enables Myzone gym users
Questex/McLean Events (Spatec/SIBEC)
Questex/McLean Events (Spatec/SIBEC)
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets
Introducing Sprung Gym-Flooring, where innovation meets excellence in the world of flooring and sports solutions.
PerformX Live, the premier business of fitness event, has announced Dr Jonathan Leary, founder and
Elevate, the premier event in the physical activity, fitness, sports therapy and performance sector, is
Cardiff-based gym design and installation company, Absolute Performance, has been awarded the contract to design,
As Third Space unveiled its latest club in Wimbledon at the end of 2023 as
Developed for the world of medicine, tailored to the needs of modern fitness studios. The
Elevate
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Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set
Precor made history in 2011 with the launch of the first connected fitness console. Since
Power Plate’s new VibeShift technology is now available on the Power Plate Rev bike. The
In response to the growth in strength training, Precor has launched its Resolute Multi-Stations. The
Ecore has launched Nada Rx, an ECOsurfaces PVC-free flooring line. Designed for commercial spaces where
Boxblitx, an interactive boxing fitness machine, has been designed to transform gym routines by gamifiying
Panatta’s Three Angles Bicep Machine is designed for training the main elbow flexor muscles; the
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
Tapping into the growing interest in cold water immersion, Emperor Ice Baths has created what
Fitness and recovery brands Hyperice and Escape Fitness have teamed up to create dedicated recovery
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Click on a catalogue to view it online
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Power Plate UK press release: Power plate + red light therapy: life-changing ‘biostacking’
“We combine Power Plate and red light therapy in all our small group classes,” says Natt Summers, founder and owner of Accomplish Fitness in Hungerford, Berkshire.
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