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dental marketing ROI

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Is Your Dental Practice Marketing a Waste of Money?

by Naomi Cooper January 28, 2015

Is Your Dental Practice Marketing a Waste of Money?Dental marketing is not limited solely to bringing new patients into the practice. In fact, it encompasses the entire patient experience from the moment they begin their online research, to their first appointment through follow up and beyond.

Many dentists initially fail to see a positive return on their marketing investment and over time begin to wonder if their marketing is a waste of time and money. So, before spending any more cash, it is worthwhile to take the time to review the following internal processes, which can ultimately make or break a practice’s marketing efforts.

  1. Verbal Skills Training – Every staff member who interacts with patients is part of the marketing effort in that they are all contributing to the overall patient experience.
  1. Appointing New Patients – A phone ringing off the hook is a good sign that the external marketing is working well. Keep that momentum moving by prioritizing new patient phone calls. Aim to schedule new patients within 1-3 days of their initial call.
  1. New Patient Communication – New patients do not yet have loyalty to the practice. Help establish a relationship with them by tailoring communication with them. Welcome new patients to the practice with an introductory letter or new patient package, avoid using too much clinical language when speaking with them, and start a two-way conversation to build trust.
  1. Tracking Results – It’s impossible to know if a marketing tactic is effective or not if no one is measuring its ROI, or return on investment. The front desk team should always ask every new caller how he or she heard about the practice, and record that information in order to find out what marketing efforts result in both phone calls and first appointments.

External marketing is important for practice growth, but don’t forget about the internal processes that support it!

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Dental Marketing and the Law of Diminishing Returns

by Naomi Cooper November 18, 2014

Dental Marketing and the Law of Diminishing ReturnsWhen you spend money on marketing, you should expect to get a certain return on your investment (ROI).

At a certain level of spending, however, the return on investment for any particular tactic will start to level off. It’s different for every doctor and for every marketing effort, but once you’ve maxed out the frequency or reach of a campaign, spending more money on that given tactic beyond this point of diminishing return can eventually lead to a decrease in ROI. This illustrates the law of diminishing returns  and it’s at this point when you know you’ve reached the maximum expenditure on a certain marketing effort.

So how does the law of diminishing returns affect your dental practice marketing?

  • It reinforces the need for tracking the ROI on each of your marketing efforts. Measuring the ROI gives you hard data to help you make informed decisions about the course of your marketing strategy. You no longer have to cross your fingers and hope that your marketing dollars are well spent.
  • When you track your ROI, you start to notice trends. Say you double your investment in search engine advertising, but after a few months notice that it is not bringing in the same level of response you were expecting based on past expenditures. By noticing this trend, you can make adjustments as needed, saving the practice time and money, while keeping your marketing moving forward.

Consistently monitoring and reviewing the ROI of your marketing efforts is essential to build a successful long-term successful marketing strategy for your practice. Staying on top of the trends of your marketing investment will ensure steady growth fueled by smart decisions based on fact, not feelings, and will result in the best bang for your hard-earned marketing bucks.