Posts Tagged ‘advertising’

Marketing: 8 Strategies to Accomplish More with Less

Tuesday, January 12th, 2010

This is a distilled version of “Healthcare Marketing: 8 Strategies to Accomplish More with Less“. This is for those of you who don’t think Healthcare Marketing applies to you….

On everybody’s radar today is dollars generated versus dollars spent. The question everybody is asking is how we can do more of the former with less of the latter. If there were one magic answer, everybody would be doing it. Well, there are answers, they’re not magic, they may not be easy, but they work.

  1. The single most important and most obvious way to do more with less is to make sure you have a marketing plan in place. Trying “this” today and “that” tomorrow will only work if message and your target audience happen to intersect by accident. Targeting a specific audience through a specific medium or media with a specific message with a specific plan to track results and a specific measurement of success is the key. Yes it can be a lot of work, but it’s the only way to determine what works and what doesn’t. Not everything will be successful, but the only way to know is to target, to communicate and to track as best you can.
  1. Consider client sources. Marketing directly to clients helps but going directly to referral sources is even better? I’m pretty sure clients aren’t lining up like the day after Thanksgiving at the front desk of your facility to buy your holiday bargains. They seek you out in hopes that you can solve their problem. Answer this question: “Where do they get the information which leads them to you?” If you have the answer to this question, then you have the target you should be directing your messages toward.
  1. Look at your farm system. As a slightly fanatical Steelers and Penguins fan, I can’t help but consider what successful sports franchises are doing. Today’s younger employees are tomorrow’s mid level management and somewhere down the road will be executives. Different stages of a career are target audiences, but also guaranteed to grow to the next target audience. Do you have a plan in place to carry your clients through the changes in theirs careers? Conversely, do you have a plan in place to bring the best up and coming talent to you organization?  Better talent will bring fans to your stadium. How are you attracting that future talent?
  1. Better customer relations leads to word-of-mouth marketing, which is the least expensive but most powerful form of marketing. In a climate where many clients feel like the next person in line, the provider/client relationship is more critical than ever. Take care of the details with your clients. Do you really know anything about their families, or birthdays, or anniversaries, or alma mater? There is great CRM tool out there. If you need help in that area, contact me today!
  1. Look at the structure your message and how it’s being delivered. It’s great that you just spent a pile of cash on the latest technology, but the harsh truth is that nobody cares. Clients cannot develop a relationship with a machine (although there are times when my wife thinks my laptop and I have something special going). Instead of bragging about your latest equipment, focus on its benefit to your clients. “We will increase your annual productivity by 230 house by helping you accomplish in five minutes what currently takes you an hour.” That sounds better doesn’t it? You haven’t mentioned the equipment and have already solved the problem. Don’t forget to throw in something to convince them that they can believe what you are telling them. Finally, convince them why their experience with you will be much better than their experience with the next facility that may be making the same claim.
  1. Leverage the knowledge bases of your most trusted vendors. Your relationship with your vendors is just as important as your relationships with clients. I am one of those vendors, but there are several out there like me (well, not just like me because I am The Solutionist). With years of experience under our belts, a good vendor can be a good consultant and a good insurance policy by steering you around the rocks that lie beneath the surface. The key is to leverage a vendor you trust and can bring multiple solutions to the table The better your relationship with your vendor, the more your vendor will want to help.
  1. Billboards are effective, but the way you are buying may be a way to do more with less. Billboards consist of two distinctly separate items. One is the rental of the board space itself and the second is the poster or vinyl. Many advertisers don’t know that they two are separate. The companies that show up in your office own the board itself, but also, in most cases, they will subcontract the visual to the same place as a vinyl broker would, but with a higher markup. Ask your billboard company to break out the vinyl printing from the contract.

 

  1. Social Media Marketing or Web 2.0 is new to a lot of marketing departments. You hear about it, you understand a little, but you can’t wrap your brain around it. Do not discount its effectiveness because you don’t understand it. It can be fairly inexpensive or fairly elaborate. One thing is for sure; it’s not going away. Effectively combining the reach of your website, your blog, and social media sites such as Facebook, Twitter, and LinkedIn and a strategy to utilize the above is becoming increasingly effective. Throw in the power of relationship marketing direct mail and PURLs (Personal URLs), you can create an information stream which can turn target marketing into bull’s-eye marketing.

The bottom line is that effective marketing is an investment and not an expense. There are forms of marketing that will allow you to do more with less. Effective marketing is not to be confused with cheaper marketing. If your marketing strategy is effective and you can prove that with tracking, then there isn’t any reason you wouldn’t want to do more.

Healthcare Marketing: 8 Strategies to Accomplish More with Less

Saturday, January 2nd, 2010

As published in the December 2009 issue of Hospital News www.wpahospitalnews.com 

 

On everybody’s radar today is dollars generated versus dollars spent. The question everybody is asking is how we can do more of the former with less of the latter. If there were one magic answer, everybody would be doing it. Well, there are answers, they’re not magic, they may not be easy, but they work.

 

  1. The single most important and most obvious way to do more with less is to make sure you have a marketing plan in place. Trying “this” today and “that” tomorrow will only work if message and your target audience happen to intersect by accident. Targeting a specific audience through a specific medium or media with a specific message with a specific plan to track results and a specific measurement of success is the key. Yes it can be a lot of work, but it’s the only way to determine what works and what doesn’t. Not everything will be successful, but the only way to know is to target, to communicate and to track as best you can.

 

  1. Consider patient sources. Marketing directly to patients helps but going directly to referral sources is even better? I’m pretty sure patients aren’t lining up like the day after Thanksgiving at the front desk of your facility to get the holiday treatment bargains. Nobody wants to go to the doctor or the hospital, but they go because they have to or are urged. Answer this question: “Who does the urging?”. If you have the answer to this question, then you have the target you should be directing your messages toward.

 

  1. Look at your farm system. As a slightly fanatical Steelers and Penguins fan, I can’t help but consider what successful sports franchises are doing. Today’s younger and healthier crowd will be tomorrow’s parents and middle aged crowd and eventually grandparents and senior citizens. Different stages of life are target audiences, but also guaranteed to become the next target audience. Do you have a plan in place to carry your patients through the changes in theirs lives? Conversely, do you have a plan in place to bring the best up and coming talent to you organization as providers?  Better talent will bring fans to your stadium. How are you attracting that future talent?

 

  1. Better patient and family relations leads to word-of-mouth marketing, which is the least expensive but most powerful form of marketing. In a climate where many patients leave their provider feeling like #31, provider/patient relationship is more critical than ever. I remember the day when Dr. Mike would ask my mom about my dad, her parents, and my brothers and sisters. I could tell that he really cared about my family. When I leave your office, am I going to feel like you are really concerned about Dan or am I going to feel like #31 just did his small part to contribute to the success of your practice?

 

  1. Look at the structure your message and how it’s being delivered. It’s great that you just spent a pile of cash on the latest technology, but the harsh truth is that nobody cares. Patients cannot develop a relationship with a machine (although there are times when my wife thinks my laptop and I have something special going). Instead of bragging about your latest equipment, focus on its benefit to your patients. “You are a prime candidate for this problem. We are able to detect this problem earlier and stop it before it gets started.” That sounds better doesn’t it? Don’t forget to throw in something to convince them that they can believe what you are telling them. Finally, convince them why their experience with you will be much better than their experience with the next facility that may be making the same claim.

 

  1. Leverage the knowledge bases of your most trusted vendors. Your relationship with your vendors is just as important as your doctors’ relationships with their clients. I am one of those vendors, but there are several out there like me (well, not just like me because I am The Solutionist). With years of experience under our belts, a good vendor can be a good consultant and a good insurance policy. The key is to leverage a vendor you know you can trust and can bring multiple solutions to the table The better your relationship with your vendor, the more your vendor will want to help.

 

  1. Billboards are effective, but the way you are buying may be a way to do more with less. Billboards consist of two distinctly separate items. One is the rental of the board space itself and the second is the poster or vinyl. Many advertisers don’t know that they two are separate. The companies that show up in your office own the board itself, but in most cases, subcontract the visual to the same place as a vinyl broker would, but with a higher markup. Ask your billboard company to break out the vinyl printing from the contract.

 

  1. Social Media Marketing or Web 2.0 is new to a lot of marketing departments. You hear about it, you understand a little, but you can’t wrap your brain around it. Do not discount its effectiveness because you don’t understand it. It can be fairly inexpensive or fairly elaborate. One thing is for sure; it’s not going away. Effectively combining the reach of your website, your blog, and social media sites such as Facebook, Twitter, and LinkedIn and a strategy to utilize the above is becoming increasingly effective. Throw in the power of relationship marketing direct mail and PURLs (Personal URLs), you can create an information stream which can turn target marketing into bullseye marketing.

 

The bottom line is that effective marketing is an investment and not an expense. There are forms of marketing that will allow you to do more with less. Effective marketing is not to be confused with cheaper marketing. If your marketing strategy is effective and you can prove that with tracking, then there isn’t any reason you wouldn’t want to do more.

 

Dan Galbraith is the owner of Solutionist, providing real-time marketing support to marketing professionals. He can be reached at Ideas@Solutionist.biz or  www.Solutionist.biz. Follow Solutionist on Twitter at  http://twitter.com/TheSolutionist and on LinkedIn at htttp://www.linkedin.com/in/thesolutionist

Marketing: Expense or Investment? It depends on tracking results.

Monday, December 14th, 2009

Year end is the time when business have established or are finalizing budgets for the following year. This is also the time of year when businesses and owners analyze their investments from the previous year. Unnecessary expenses get a hard look and the budget for that expense is cut back or even eliminated. The marketing budget is one of the first items to be cut. I say NOT SO FAST!

In down times, the marketing budget is the first to go, but not because companies want to stop marketing, but because it is one item on the budget that can be controlled. The reality is that you are gaining, losing or maintaining market share. A reel-back of an offensive marketing strategy to a prevent-marketing strategy may create the opposite of the desired effect. (Not unlike some of our favorite football teams that lose football games in the fourth quarter.) Executives cut marketing budgets to save money. This works in the short term, but may create a long-term deficit as you lose market share to your competitor who is staying aggressive throughout the fourth quarter.

Wouldn’t it be nice if you could increase returns on your investments AND increase market share? Well you can, with effective marketing.

Ineffective marketing is an expense. Effective marketing is an investment. Marketing should be increasing sales and increasing market share. The challenge is in knowing what is effective and what is ineffective. Whatever marketing program you put into place, be sure to establish measurements of effectiveness. To guarantee whether a program is effective or not, you have to track results. Based on results, you stop the ineffective program (expense) or adjust the program and track the results once again. If you have a program that works, you will know by tracking results, and you would be crazy to eliminate that successful marketing program (investment) from your budget. On the contrary you will want to do more of it.

Systems to track marketing programs are key, but are often left out of the plan. Some programs are easy to track and some can become difficult. Tracking systems are the key. A system is easy to follow, simplifies the tracking process and, as a result, is conducive to staff buy-in. But you’re not done yet.

Establish what success looks like. Track your marketing results and measure those results against your definition of success. So the next time your CFO tells you that marketing expenses are too high and your budget is on the chopping block, you are able show her how successful marketing programs are. Once you’ve established that your expenses are actually investments, I’m sure she will be happy to increase your marketing budget and nominate you for Investor of the Year! …Good luck with that.