What Percent Of Collections Should You Be Spending On Marketing? | EP. 236

Path To A Million Podcast - A podcast by Dr. Nick Silveri

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I was always under the impression that you should spend 10% of your collections on marketing.ย  Weโ€™re all wrong once in a while, or in my case a long while. ๐Ÿ˜‰ ย  Recently I learned that we should be spending 8-12% of ๐‘พ๐‘ฏ๐‘ฌ๐‘น๐‘ฌ ๐‘พ๐‘ฌ ๐‘พ๐‘จ๐‘ต๐‘ป ๐‘ป๐‘ถ ๐‘ฉ๐‘ฌ with collections, not where we are.ย  We all have aggressive growth goals of where we want our practice to be, how many members of our community we want to be impacting on a daily basis.ย  That aggressive growth has to be matched by our marketing strategy.ย ย  ย  Thereโ€™s plenty of ways to spend 12%: ๐Ÿ‘ฉโ€๐Ÿ’ปMarketing Director ๐Ÿ‘€Ad spend for Facebook and Google ๐ŸคAn internal event: Patient Appreciation or Dinner w/The Doc โœ๏ธAgency Fee ย  All ways to generate business, build your brand, and expand your practice.ย ย  ย  ๐“๐ก๐ž ๐š๐ฏ๐ž๐ซ๐š๐ ๐ž ๐œ๐ก๐ข๐ซ๐จ๐ฉ๐ซ๐š๐œ๐ญ๐จ๐ซ ๐ฌ๐ฉ๐ž๐ง๐๐ฌ ๐Ÿ-๐Ÿ‘% ๐จ๐ง ๐š๐๐ฏ๐ž๐ซ๐ญ๐ข๐ฌ๐ข๐ง๐  ๐š๐ง๐ ๐ฆ๐š๐ซ๐ค๐ž๐ญ๐ข๐ง๐ . ๐Ÿ˜ฌ Does that surprise you?ย  It didnโ€™t surprise me.ย  Just ๐’Š๐’Ž๐’‚๐’ˆ๐’Š๐’๐’† ๐’•๐’‰๐’† ๐’Š๐’Ž๐’‘๐’‚๐’„๐’• ๐’๐’‡ ๐’”๐’‘๐’†๐’๐’…๐’Š๐’๐’ˆ 6๐‘ฟ what weโ€™re currently spending.ย  ๐–๐ก๐š๐ญ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ฒ๐จ๐ฎ๐ซ ๐œ๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ฅ๐จ๐จ๐ค ๐ฅ๐ข๐ค๐ž ๐ข๐Ÿ ๐ญ๐ก๐ž ๐ญ๐ซ๐ฎ๐ญ๐ก ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ก๐ž๐š๐ฅ๐ข๐ง๐  ๐ฉ๐จ๐ฐ๐ž๐ซ ๐จ๐Ÿ ๐œ๐ก๐ข๐ซ๐จ๐ฉ๐ซ๐š๐œ๐ญ๐ข๐œ ๐ฐ๐š๐ฌ ๐ข๐ง ๐ž๐ฏ๐ž๐ซ๐ฒ ๐ก๐จ๐ฆ๐ž ๐จ๐ง ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฅ๐จ๐œ๐ค? ๐Ÿ˜ ย  Making content that educates your patients and community is the best way to share the life-changing news about chiropractic and establish yourself as your neighborhoodโ€™s healthcare expert. ๐Ÿค“ If youโ€™d like me to personally go over your online presence with you go to: www.ContentIntoPatients.com to set up your one-on-one Strategy Session.

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