The Importance of your Marketing Strategy

Preview:

Citation preview

1

2

For Best Webinar Results

Print workbook Put cell phone awayJot down questionsMake decisions and write them down

3

Marketing Strategy 2016

“If you fail to plan, you are planning to fail!”

Benjamin Franklin

4

Plan Your Marketing Year Everyone is Busy!

Put a Plan In Place to Get Their Attention

5

Planning Your Marketing Year

What is Marketing?

What is Promotion?

Why do you need it to grow your practice?

6

What To Consider

What are your goals?

How much are you looking to grow?

How fast do you need to grow?

7

Who are you looking to attract?

Who is your ideal prospect?

What To Consider

8

How Much Should I Spend on Promotion?

How much is a new patient worth to you?

ROI = value of patient / cost of acquisition

If they are worth $40,000, the ROI on attracting that patient would be_________

9

Planning Your Marketing Budget

To effectively market your company or practice you should have 10% of income allocated to Marketing & Promotion.

10

Planning Your Marketing Budget

Flat amount based on how quickly you are looking to grow?

Or it can be a tiered budget; as you increase your business you re-invest to increase your marketing budget.

11

Existing Scene vs. Ideal Scene

Definition of existing scene – how things actually are.

Definition of ideal scene – how things would be in a perfect world.

12

Existing Scene vs. Ideal Scene

When looking at a marketing plan first look at your ideal scene and figure out what you need to do to get to your ideal scene.

13

Time vs. Money

If you don’t have a big initial budget then you have to invest more time.

As you grow and as your budget increases you can leverage your money to reduce your time.

14

Example

Let’s say I am a dental practice and I’m getting 10 new patients a month; by the end of the year my goal is to have 50 new patients a month.

Initially my budget is $1,000 I need to utilize my time and limited resources to get to 20 new patients a month. From there I reinvest some of my additional income and reduce my time.

15

Imagine Your Strategy…

Increasing New Patients

Increasing Current Patient Activation

We can help!

16

17

Recommended