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Is there a set of reasons why some practices are highly successful, while others are just plain mediocre? In my opinion, there are. I would go as far as to say the incorrect use of marketing and advertising is the key reason why many practices fall far short of their potential. Marketing is not advertising. According to Webster’s online dictionary, advertising is the “the action of calling something to the attention of the public, especially by paid announcements.” Marketing is an overall process of deciding who is in your target market, what their needs are, how your service fulfills those needs and how to best orchestrate the process. Ads send a specific message. Marketing calibrates the message and delivers it to the intended target. Said differently, the way your receptionist answers the phone is not necessarily part of your advertising, but it is part of your marketing. But advertising isn’t bad, if it is done strategically and in the context of a larger marketing plan. So why does advertising frequently fail? Reason #1: People don’t want to be sold. Reason #2: Being boring. The message has to be interesting to the prospect, not necessarily what interests you. One of the easiest ways to be boring is to be egocentric. The “I’m the biggest, I’m the best” message convinces no one and often has a negative effect when broadcasted to your market. These ads might actually drive patients away from your practice. Reason #3: Lacking credibility Consider the difference between these two headlines: (1) “ABC Physician Clinic”, and (2) “73% of patients with severe pain get complete relief using new treatment”. The second headline paves the way to discuss something of relevance to the target market, patients with severe pain. The use of a specific measure—73% of patients get relief—increases credibility and believability. Testimonials, third party and celebrity endorsements, and guarantees all greatly increase credibility. An enormous amount of credibility is implied if you are the official physician for a local sports team, for example. Reason #4: The ‘Me-Too’ Approach. Reason #5: Being tacky. Admittedly, very few medical professionals are guilty of being too tacky in their advertisements. More often the fear of seeming too tacky or salesy pushes the ads into a boring monotonous gravitas. Reason #6: Not Keeping Track of Your Success When Goodyear flies a blimp over a sporting event, they don’t expect everyone to run out of the stadium at halftime and buy tires for their car. But Goodyear knows that fans at a sporting event are usually excited and happy and Goodyear wants to be associated with those positive feelings. Image advertising is expensive. Fortune 500 companies budget between $50 million and $100 million and about 5 years to build their brand via image ads. As private practitioners, we can’t afford that and we shouldn’t try to copy the image advertising formula, yet so many physicians do. Direct response advertising is a better way to go. A direct response ad might feature a headline like,
“Simple Blood Test Reveals the 47% of Diabetics Who Are Likely
To Have a Heart Attack Within a Year.” That headline garners interest,
which is all that the headline is supposed to do. The body of the ad
explains a recent study that identifies a high incidence of unaddressed
hyperlipidemia in diabetic patients. Then it offers a free report (on
paper, website, CD, or DVD) that explains the problem and its solution
in more depth. That report offers a free or low cost in-person interaction.
The offer is limited in quantity or time. Reason #7: Expecting Too Much From Your Ads I would rather help you send a targeted repetitive message to a much smaller group than a one-shot, undifferentiated message to the masses. Reason #8: Not Segmenting Your Market If you ask your current patients to come in for a checkup, most will without complaining about it. They already trust you. Ask the same of people who don’t know and trust you and see how much more noncompliance, no-show visits, and fee resistance you encounter. It’s no coincidence that the Fortune 500 spends about 85% of their marketing budget on the first three groups. Consider apportioning your marketing budget accordingly. Reason #9: Being Tactical vs. Strategic Strategic practice thinking challenges most clinicians because we’re focused on patient care. But we all need it, whether we recognize that or not. If you get help in only one area of your practice, this would be the area I would most recommend. A practice that does not know where it is going will never get there. Reason #10: Taking Your Eye Off The Ball 1. How can I/we see more patients? 2. How can I/we collect more revenue per encounter? Marketing works when it supports these two aims, it fails when it doesn’t. Every practice should have a marketing plan that describes measurable outcome(s) to be achieved within a realistic time frame. Failing to develop and follow through on a practice-building plan prevents a lot of physicians from having the successful practice that they truly deserve. Practice building is as logical and tangible as any other scientific study. It is only a mystery to those who don’t understand its principles and practice. David Zahaluk, MD, is a DCMS member, practicing physician, and founder of “Maximum Income for Physicians,” a coaching and consulting group for physicians only, offering innovative solutions to practice marketing and staff development. Visit the MIP website at www.UltimatePracticeBuilder.com for free practice-building tips, a free practice diagnostic and a free “Make My Practice Work Harder Than I Do” individual practice consultation. Look for Dr Zahaluk’s new book, “The Ultimate Practice Building Book” on Amazon.com and BarnesandNoble.com and Borders.com. |
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