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Venus Concept is a leader in the global medical and aesthetic device market, pairing best-in-class technology with the first and only true subscription model in the industry.
Pricing is one of the most challenging aspects of business in any industry. But for aesthetic medicine in particular, understanding pricing is important if you want to distinguish yourself from the competition, maintain good customer relations, stay afloat, and ensure that your work is given the value it deserves.
Pricing is among the most important aspects of how you market your services as an aesthetics provider. Your prices communicate the value that your customers get from your services, and how much they should be willing to pay for them.
There are many methods available to help an aesthetic practice determine ideal pricing, but smart pricing starts by calculating base prices in line with factors specific to your practice. There are five important ones to consider:
How much does it cost you to conduct each procedure? Project the cost of your equipment per procedure based on acquisition cost, service and maintenance, lifespan, and capacity. Some device manufacturers might charge high upfront or hidden costs, or lock you into costly payment options, but subscription models are often better for the health of your business.
Running at full capacity, how many procedures could you expect to perform a week, including the time required for set-up and clean-up? This contributes to your overall expenses and income expectations, as does the available office space. It helps to know the potential number of treatments per day per room, revenue per room, and your total potential revenue from services for the entire practice per day, in order to assess the right price for different aesthetic services.
Consider the experience and skill levels of the staff who run the clinic and who will be performing the procedures. This includes licensed aestheticians, nurses, doctors, as well as staff for reception, office management, and other roles.
How much is the lease or mortgage, marketing expenses, debt service, training, cleaning, and other costs? You can factor in retail sales as an offset to these costs. Combine all these factors to determine the base costs for your services.
There’s a lot of price and profit diversity within the field of aesthetic medicine. It would be wise to see how your business measures up to others around you, or others of similar types or with similar services elsewhere. Prices are relative to the context of the business, so be conscious of how your practice fits into that landscape.
Once you have finalized your prices, you need to win customer acceptance. Though people researching aesthetics services are cost-conscious, they are not shopping for a commodity service. Understanding and educating your customer is essential. When potential customers inquire about price, don’t simply provide quotes for your services and end the discussion there. Use this exchange as an opportunity to build a relationship, inquire about their expectations, and encourage them to come for a consultation.
Helping clients understand the value they receive establishes aesthetic treatments as important personal investments when performed by the right provider, rather than something that can be bought anywhere. These conversations are key opportunities to subtly remind customers of your credentials, the quality of your services, your record of satisfied clients, awards, treatment benefits, and more.
Want to learn more about how to price your services, stand out from competitors, and build trust with new patients? Download our full report, Pricing 101: How to Price Your Aesthetic Services for Practice Health.
For more information call: (+62 21) 5890 1590 // info.id@venusconcept.com // Ruko Business Park Kebon Jeruk Blok B11 Jl. Meruya Ilir Raya No. 88 Kel. Meruya Utara, Kec. Kembangan West Jakarta 11620
REGULATORY CLEARANCES [ More ]
All devices have received Indonesian Health Ministry Approval for sale and use in Indonesia. (Izin Edar Alat Kesehatan)
Venus Versa™ is cleared by the FDA, licensed by Health Canada, and has CE Mark as a multi-application device intended to be used in aesthetic and cosmetic procedures. The SR515 and SR580 applicators are cleared by the FDA, licensed by Health Canada, and have CE Mark for the treatment of benign pigmented epidermal and cutaneous lesions and treatment of benign cutaneous vascular lesions. The HR650/HR650XL and HR690/HR690XL applicators are cleared by the FDA, licensed by Health Canada, and have CE Mark for the removal of unwanted hair and to effect stable long-term or permanent hair reduction for Fitzpatrick skin types I-IV. The AC Dual applicator is cleared by the FDA, licensed by Health Canada, and has CE Mark for the treatment of acne vulgaris. The DiamondPolar™ and OctiPolar™ applicators on the Venus Versa™ system are cleared by the FDA for non-invasive treatment of moderate to severe facial wrinkles and rhytides on females with Fitzpatrick skin types I-IV. The DiamondPolar™ applicator is licensed by Health Canada and has CE Mark for non-invasive treatment of moderate to severe facial wrinkles and rhytides on females with Fitzpatrick skin types I-IV. The OctiPolar™ applicator on the Venus Versa™ system is licensed by Health Canada and has CE Mark for temporary body contouring via skin tightening, circumferential reduction, and cellulite reduction. The NanoFractional RF™ (Viva) applicator is cleared by the FDA, licensed by Health Canada, and has CE Mark for dermatological procedures requiring ablation and resurfacing of the skin.
Venus Legacy™ is cleared by the FDA for the non-invasive treatment of moderate to severe facial wrinkles and rhytides in females with Fitzpatrick skin types I-IV with the OctiPolar™ and DiamondPolar™ applicators, and temporary reduction in the appearance of cellulite with the 4D Body (LB2) and 4D Face (LF2) applicators. It is licensed by Health Canada and has CE Mark for the temporary increase of skin tightening, temporary circumferential reduction, temporary cellulite reduction, and temporary wrinkle reduction.
Venus Viva™ is cleared by the FDA, licensed by Health Canada, and has CE Mark for dermatological procedures requiring ablation and resurfacing of the skin. The DiamondPolar™ applicator is licensed by Health Canada and has CE Mark for the treatment of moderate to severe wrinkles and rhytides in Fitzpatrick skin types I-IV.
Venus Freeze Plus™ is cleared by the FDA for the non-invasive treatment of moderate to severe facial wrinkles and rhytides in females with Fitzpatrick skin types I-IV. It is licensed by Health Canada for temporary skin tightening, and temporary reduction in the appearance of stretch marks at the abdomen and flanks, using the DiamondPolar™ and OctiPolar™ applicators. The DiamondPolar™ applicator on Venus Freeze Plus™ has CE Mark for the non-invasive treatment of moderate to severe facial wrinkles and rhytides, and the increase of skin tightening, temporary circumferential reduction, and cellulite reduction with the OctiPolar™ applicator.
Venus Glow™ is cleared by the FDA as a Class I motorized dermabrasion device. It provides a dermal rejuvenation treatment that works to open up and deep-clean pores. Venus Concept is the exclusive distributor for Venus Glow™.
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