Plan On 25% Cancellation Rate!
Business cancellations happen in all industries and party plan is no exception.
There are a few things you can do to reduce cancellations but they will always happen!
Do you incorporate a plan into your schedule that allows for the average 25% cancellation rate?
Over Schedule For 25% Cancellation Rate
I recommend that you overbook by 20 – 25% to allow for cancellations.
Restaurants, hotels, doctors, veterinarians, mechanics: everyone overbooks and so should you!
Is your goal to perform:
- 4 shows per month? Schedule 5!
- 8 shows per month? Schedule 10!
- 20 shows per month? Schedule 25!
Make a plan to reduce cancellations and overbook!
The worst that can happen is that you have too many shows and end up giving one or two to your downline!
That is a good thing!