As a dental practice owner or marketing manager, you live in a world of data that can be interrogated in order to improve your marketing ROI (return on investment).
Google Analytics can tell you how many people are visiting your web site, where from, with which device and exactly how they behave when they visit – what they look at and what they don’t.
It’s a free service.
Your own practice management software can tell you a lot about existing patient behaviour.
Your marketing manager and TCO can explain new patient behaviour.
When I ask clients whether they interrogate the data?
Usually the answer is “no”.
I was at Helens Bay Dental practice in Northern Ireland last Friday and interrogating the data on web site visits and new business.
We have seen a massive increase in the number of visits to their web site in the last 3 months (70% of which have been from mobile devices) and a corresponding increase in data capture numbers (more people getting their monthly ezine).
we interrogated the Google data and realised that their search terms for SEO were too vague – not treatment specific or location specific – that has now changed;
they have started to invest (with 7connections) in paid traffic – advertising on Facebook and other social platforms
The social advertising has created a marked increase in visits and white paper downloads. We now have to be patient and wait to see which of those people “trigger” into contacting the practice.
Simply by looking at the data and understanding what we were being told, we were able to make a difference.
This has me thinking about other data sets that are frequently ignored in dental practice marketing:
ROI from all forms of digital and direct marketing
number of new patient enquiries
conversion rate of enquiries to assessments an/or consults
conversion rate of consults to treatment plans presented
conversion of treatment plans to treatment delivered
average value of new patient treatment plans
split-testing of marketing campaigns and methods to determine best ROI
numbers of referrals from patients/GDP’s
Equally, the data sets in dental practice productivity:
Key Performance Indicators for lab and material costs
Average Daily Production (and profitability) of fee-earners
Gross and Net Profit
There seems to be a gap between the minority (who create data every month, interrogate the data and make course corrections) and the majority who prefer to keep working as hard as they can but seldom look at the data.
The best interrogators obsess on the data and make the time every month to collect, collate and analyse.
Part of my mission at the monthly management meetings I attend with clients is to:
demonstrate which data sets are the most important to watch
show them how to collect and collate the data
help them to read and interpret the data until they know how to do it themselves
encourage them to make the course corrections
remind them to keep doing it
There is loads of data out there to help you run a tighter ship – you simply need the desire and the knowledge to interrogate.