Imagine that for a moment, to investigate a crystal ball and with relative accuracy, determine the chances of whether your chiropractic marketing and practice will dominate your geographical area and niche or fall victim to competition. I’m sure you’re holding, which would be a pretty valuable chiropractic marketing crystal ball. Good, although no such ball exists, we have a set of simple but rarely understood chiropractic marketing tools, which gives us a similar level of anticipation of your future methods.
Most chiropractors rely on some report of the results to show prospective patients why they need chiropractic treatment. Most doctors are happy to have potential patients in their office for any employment. This way they can bring them through some report of results and hopefully convince them about the value of chiropractic treatment.
But, frankly, this way of trying to convert prospective patients to paying patients is incredibly ineffective, waste a lot of time, and burns out a lot of chiropractors.
If you are at all like most chiropractors, this is similar to how you feel the typical way chiropractors get to learn to meet prospective patients.
Two of your key chiropractic marketing measures, used in combination, is an incredible indication of how well your internship will do in the future, how competitive can you be in your market and what you can expect from your methods of economic growth. When you understand these two chiropractic marketing measures, how they work together, and what actions you can take to affect them, a dominant chiropractic practice grows relatively straightforward.
What are the two chiropractic marketing measures I should refer? I’m glad you asked. The combination, your cost of acquiring a new patient and lifetime value of the average active patient, tells you almost everything you need to know about you as a chiropractor 32256 has to offer.
To calculate this measure for a certain amount of time, only take the total income your course is generated during that period and share it with the total number of patients you had from the start of the period. The lifetime value of a patient is the Number you end up with after the calculation.
The top chiropractor who calculates and reviews these two chiropractic marketing metrics regularly has already given themselves an advantage over other chiropractors, although nothing else changes. Why? Well, For a story when used together, these statistics exactly how well your chiropractic marketing dollars work. Without understanding these two chiropractic marketing measures, a chiropractor has no way to know if they should add more or less to acquiring a new patient.
For example, is a cost of $500 to buy a single new patient right or wrong? Well, it depends. If the average patient is worth $700 for your internship (the lifetime patient value), $500 acquisition cost is not very good. However, if the average patient is worth $3000, the $500 acquisition cost is high. In fact, if your average patient is worth $3000, you will be willing to spend $500 to get a new patient as often as possible. But if a patient is worth only $500, you can see how you would quickly go into the cash flow continues with these types of costs. Therefore, our crystal ball refers.
But, believe it or not, it’s not even what makes this combination of chiropractic marketing statistics worth referenced as the two most prominent figures in practice. What does? It is easy. The doctor who has the lowest costs with the highest lifetime patient value is the one who has the biggest competitive advantage. Focusing on affecting these two chiropractic marketing talks, you can not only predict your internship future but for, but you can also control it.