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Dental Practice Management: Specializing in the High-End Market

Thursday, September 10th, 2009

Note: It is important to target the right market for your medical or dental practice. Finding new patients is necessary for your practice to prosper and practicing new patient marketing skills in the right market will help you find the right kind of patients in the market you wish to focus on.

Targeting to the type of patients you want is a lot simpler than it looks – even though it does require some effort and some understanding of how to accomplish this exactly.

Simple – yes; easy – not necessarily; but much more rewarding than only going after the masses with advertising eating up your profits, if there is even anything left over worth calling profits!

Choosing the right market can and usually does break or make you business.

Also the personal branding, meaning the way your targeted market sees you, is equally as important.

When you target a certain market you simply refuse to believe that in order to have patients you must hit every man and woman under the sun and hope that they will have an interest and/or the money to buy your service.

This is a very crude way to make a living, indeed.

No – go to the people who most likely have the money, the desire and the education to value your service. And make them your clients for life!

Those people with the wherewithal and education to value your service also are in communication with many more people during the day than the rest of the masses.

Thus your name has a chance to be heard more often and when it gets heard it is more believed because it comes from a somewhat influential source.

Can you see that?

Higher quality patients:
Instead of chasing every Johnny-come-lately you target the exact people who fit your most desirable patients, and they will provide you with more income simply because they can.

More effective spending:
Marketing to the ‘desirable’ costs the same (if not less) than to the ‘not-so-desirable’. So you save money on marketing and you can use that money for more marketing to the desirable group and thus snow-ball your return on investment.

More focused message:
An unfocused message, promoting everything to everyone, must be one of the biggest marketing mistakes. The belief that appealing to more people is better does not work – it does the exact opposite. It appeals to nobody.

When you have a targeted market you can focus your message and be heard!! Oh yes!

Less time selling:
Instead of spending time to convince the unqualified patient to use your service (or at least some part of it by doing at least some patch-up work) you will sit in front of able and willing patients, patients who, because of your personal branding from ‘Un-advertising’, are actually pre-sold already. What a difference that will make!

Greater profitability:
The above together simply makes for better profitability. It is a great synergy.

Stronger referral base:
Does it make sense to you that those able and willing patients, who are usually also influential in the community, will have better and more referrals? Maybe, maybe not, but the chances are high that they will! After all, it is a cinch that the same type of people usually hang out with the same type of people. Thus you have the added benefit of referrals from similar strata of people.

The moral of the story:
Would you rather be doing surgery or receiving surgery with a knife made in the stone-age or with the newest laser technology?

And that my friend is the difference between advertising to the masses with no particular focus and creating a high-quality patient base that is willing to give you cash for your services!

Remember: In order to get new patients in your medical practice you must establish a successful new patient marketing campaign. The successful marketing campaign will be a success whenever it is received by the right market.

Helmut Flasch
Author and Founder
Un-Advertising Marketing Strategies

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Category: Healthcare Marketing.

One Response to “Dental Practice Management: Specializing in the High-End Market”

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