7 ways to save money_ebook_0914
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7 Ways to Save Moneyat the office
Savvy dentists know they can usually get their sales representative to help with
some free samples! Almost every manufacturer allots their sales reps a certain
amount of free supplies to distribute to their clients. If you aren’t getting the oc-
casional freebie, it might be time to look for a new sales representative!
Once per month, try opening a conversation with your sales rep by asking how
they can go the extra mile for you. Often, they’ll respond by sending a sample of
a new product to you free of charge. The only thing you’ll need is a willingness to
try new products! Your rep may not send you much and the deals might not be
available every time you speak with them. But with as often as you buy supplies,
it will happen often enough that the savings can accumulate into something big.
And when you’re trying to save money, there’s nothing better than getting nec-
essary supplies for free!
Free goods From manuFacturers1.at officite, we’re always working to make life easier
for dentists. nobody knows how to do that better
than our Web Presence advisors, so we decided to
put some of their best ideas on paper! Here are the
top tips from our experts about how you can save
money while running a dental practice!
1. Free goods From manuFacturers
2. don’t be aFraid to try less expensive alternatives
3. go paperless wherever possible
4. don’t dump money into the phonebook
5. consolidate vendors
6. equip patients to do your marketing For you
7. solid Financial planning
Before we go too far down this line,
it’s important to note that this doesn’t
mean “start buying shoddy prod-
ucts.” Always going with the cheap-
est options irrespective of quality is
a sure-fire way to downgrade your
practice. However, it’s important to
keep the law of diminishing returns
in the back of your mind: there is a
certain point at which a higher price
no longer guarantees an increase in
quality.
Ask yourself if you truly need to
spend $8 on a box of your favorite
gloves when alternatives are avail-
able at $4.50. Is the extra expense
necessary? That’s subjective, of
course. You, and only you, can at-
tempt to quantify the value of having
your favorite brand of vinyl wrapped
snugly around your fingers. If the dif-
ference is worth nearly double the
price tag, then by all means, keep
them. But if you aren’t wed to the
brand, switching could reduce your
expenses by almost 50%. Ask your
sales rep to help you find suitable
replacements for everyday supplies.
You might find that you like the less
expensive products just as much,
and perhaps even more.
don’t be aFraid to try less exPensive alternatives.2.
The best part about going paperless is pretty straightforward – you no longer
have to pay for paper. This is a plus in and of itself, but the difference becomes
even more pronounced when you consider that postage stamps now cost 49
cents apiece. If you mail two appointment reminder cards to each patient every
year, you’re probably spending thousands of dollars on stamps alone!
Whether you’re sending appointment reminders or billing statements, electronic
communications are a convenient way to save time and money. They offer two
key upsides: the ability to engage with your patients in a way that’s convenient
to them, and a sharp reduction in overall cost. And if you’re into being green,
electronic communications help save the environment too. Start researching
electronic appointment reminders and you’ll save in the long run.
go PaPerless WHerever Possible.3.
Helpful Hint: officite now offers automated appointment reminders!completely automated appointment reminders that keep your schedule full without the headache. increase appointment attendance, get advance notice of potential cancellations and save on mailed reminders.
consolidate vendors.5.
If time is money, then this one is a no-brainer. Don’t waste time talking to two or three com-
panies when you can get everything you need from one. This applies to every product and
every area of your practice – it doesn’t matter whether we’re talking about crowns, office
supplies, your website, or your marketing. The same idea applies across the board. For
example, instead of talking to a Web Developer and an online reputation tracking service,
use a company like Officite that offers both services as part of one platform. When it comes
to your bottom line, putting your eggs in one basket can actually be a good idea. It saves
time, and that means it can save you money and sanity, too.
don’t dumP money into tHe PHonebook.4.
That era of practice marketing is over. If you’re spending a premium to have your practice
advertised in the yellow pages, you’re dangerously close to throwing your money away, and
the reason why is simple: your patients don’t use the yellow pages anymore. If you want to
get new patients, you need to market your practice in the places where people are actively
looking for your services.
“Actively” is the key word there. Generally speaking, it’s wise to avoid outdated mediums
like the phone book, or wide-net approaches like billboards and little league team sponsor-
ships. These methods are too passive; they scatter your practice’s name into the wind in
the hopes it will somehow fall on someone with a toothache. Instead, start marketing your
practice where the consumer’s intent to visit a dentist is high.
The best modern target for that is search engines. A patient won’t Google “Dentist near
me” if they don’t want to find a dentist, and that means intent is high. A searching patient
actively wants to find your practice. Take the money you spend on unfocused and outdated
methods and invest in SEO and PPC programs instead.
equiP Patients to do your marketing For you.6.
Every time a patient leaves your office happy, your practice gains a small marketing op-
portunity. How, you ask? There are two main ways this works, both of which involve using
technology to harness the age-old phenomenon of word-of-mouth advertising.
1. Online reviews
According to Local Consumer Review, 72% of consumers trust online reviews as much as
personal recommendations. That number is too high to ignore, especially if you consider
that a further 52% of respondents said positive online reviews make them more likely to use
a local business. So, like it or not, your online reviews are a powerful decision-influencing
factor for new patients.
If you have negative reviews, it’s almost always impossible to remove them. However,
enough positive reviews will make them look insignificant in comparison. Utilize a reputation
tracking service in order to stay on top of your online reviews, and when a patient leaves
your practice, give then am online review card thanking them for their business and politely
asking them to submit a review on a site of your choosing.
2. Social media referrals
Your patients discuss everything on social media, and it’s not uncommon for people to ask
their friends for doctor recommendations. If your practice is active on services like Face-
book, pleased patients can link their curious friends directly to your page, and voila, you
have a new referral. Even though social media is the least direct method on this list, it’s
worth mentioning because so many dentists find it effective. Many even think it’s fun!Helpful Hint: reputation tracker review cardsofficite’s reputation tracker program comes with complementary
cards to hand out to patients encouraging them to give a review. they
even double as appointment reminder cards.
solid Financial Planning.7.
There is absolutely no substitute for
smart planning. Sure, that’s easi-
er said than done. But the old say-
ing remains true – if you fail to plan,
you plan to fail. That makes solid
financial planning the most import-
ant point on this list, even if it’s one
of the least glamorous. It’s best to
find professional help, but there’s a
lot you can do to make sure your fi-
nances are doing the most they can
to help you succeed.
1. Sign up for daily alerts inform-
ing you of your account balances.
Debt doesn’t usually come scream-
ing up out of nowhere. Instead, it
slowly and steadily accumulates
over time. Daily alerts provide vigi-
lance so that if you start drifting to-
ward the red, it won’t ever come as
a surprise.
2. Set up an account exclusively
for major purchases.
It’s a fact of every practice – at some
point in the future, you are going to
incur a particularly large expense.
Whether that’s a new piece of equip-
ment or (heaven forbid) something
like a lawsuit, having a “rainy day”
fund to pad those costs is one of
the easiest ways to…
3. Avoid debt.
Ironically enough, debt is expensive.
So if you have loans, pay them reg-
ularly, and never borrow more than
you can actually afford. It’s much
cheaper to plan ahead and borrow
money from yourself than it is to
borrow from the bank.
and there you have it – our Web Presence advisors’ 7 best tips that will help you save money while managing your practice. Want more? Here’s a big one. officite can help you.
visit us at www.officite.comor view our packages and website designsby clicking here.
we offer web presence solutions for dental practices.
Reputation Tracker. Online and offline programs to protect and enhance your online reputation.
Patient Education. Enhance your site with a variety of trusted and proven online educational options.
NEW! Appointment Reminders. Completely automated appointment reminders that keep your schedule full without the headache.
Premium Websites. We’ll give you a personalized website made to attract new and returning patients.
SEO & PPC. Our search specialists make sure patients can find you on Google, Yahoo and Bing.
Doctor Portal. Our exclusive Web Presence tool allows you to easily manage your entire online presence.
Mobile Responsive Design. Connect with new and existing patients from their smartphone or tablet.
Social Media. Expose your practice to new patients through this all-important referral generation channel.
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