The Internet Dental Alliance - 1stDDS Solution

Member Training

Part 6: How to maximize your dental marketing strategy with automatic ROI analysis & patient tracking!

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All dental marketing is based on ROI (Return-On-Investment)

“Marginal Profit” is what’s left over for you after the direct costs of providing the dentistry on each addition new patient generated from your Internet marketing efforts. To determine your ROI, or Return-On-Investment, you need only subtract your “Marketing Cost” from your “Marginal Profit”.

1stDDS.com will automatically calculate your Marketing Expense (Mkt. Exp.), Net Profit and ROI. We set up your 1stDDS.com account with Information Portal listings based on the high-value new patient markets and campaigns you selected. To calculate Marginal Profit, we used the estimated value of a new patient you supplied when you registered for the program (See Doctor / Practice Profile). You can adjust the calculation variables at any time using the “ROI Settings” tab.

You can even view the actual new patients generated by the system, just by clicking on the “Patients” tab.

Your Dental ROI report is available to you 24/7 – just login to 1stDDS.com using your user name and password that your will receive as part of your Account Activation meeting.

The following table is a guide to the average Marginal Profit per patient. Obviously, gross fees and lab fees will vary depending on your local demographics and clinical choices. However, you will find it to be an important tool you can use to customize your Internet marketing strategy.

Return-on-Investment - Dental Industry Norms

Focus Areas:

Gross
Production

Lab Fees 

Universal
Variables1

Collections
Rate2

Marginal
Profit %3

Marginal
Profit

General Dentistry:

Anxiety Free

 $3,000

  12%

 9%

 96%

 75%  $2,250

Children's Dentistry

 $   275

   1%

 9%

 96%

 86%  $   237

Cosmetic & Restorative 

 $5,500

 14%

 9%

 96% 

  73%  $4,015

Dental Implants

 $6,000

 14%

 9%

 96% 

  73%  $4,380

Dentures

 $3,500

 10%

 9%

 96%

 77%  $2,695

Family / General

 $   750

 10%

 9%

 96%

 77%  $   578

Gum Disease

 $1,600

   1%

 9%

 96%

 86%  $1,376

Invisalign for GPs

 $5,000

 15%

 9%

 96%

 72%  $3,600

Minimal Sedation

 $3,000

  12%

 9%

 96%

 75%  $2,250

Orthodontics -Invisalign for GPs

 $5,000

 15%

 9%

 96%

 72%  $3,600

Orthodontics for GPs

 $3,600

   2%

 9%

 96%

 85%  $3,060

Root Canal

 $   950

   0%

 9%

 96%

 87%  $   827

Sedation

 $3,000

  12%

 9%

 96%

 75%  $2,250

TMJ

 $5,000

   4%

 9%

 96%

 83%  $4,150

Tooth Whitening

 $   600

   8%

 9%

 96%

 79%  $   474

Wisdom Teeth

 $1,200

   0%

 9%

 96%

 87%  $1,044

Specialty Dentistry

Endodontist

 $   950

   0%

 9%

 96%

 87%  $   827

Oral Surgeon

 $1,200

   0%

 9%

 96%

 87%  $1,044

Orthodontist

 $3,600

   2%

 9%

 96%

 85%  $3,060

Orthodontist / Invisalign

 $5,000

 15%

 9%

 96%

 72%  $3,600

Pedodontist

 $   275

   1%

 9%

 96%

 86%  $   237

Periodontist

 $1,600

   1%

 9%

 96%

 86%  $1,376

Prosthodontics

 $4,000

 14%

 9%

 96%

 73%  $2,920

1 Universal Variables are those expenses that are the same (universal) for all types of production. These include office supplies, general dental supplies, telephone, credit card processing cost, etc. Historically, Universal Variables average about 9% of gross production.

2 We use the ADA standard for average Practice Collection Rate of 96%.

3 Marginal Profit Percent is calculated adding the Lab Fee, Universal Variable and Collection loss percents and subtracting from 100%.

A successful dental marketing strategy is defined as one that generates more net income than it costs to build and maintain. Remember to keep asking yourself: if you hand someone $1 and they give you back $3 - how long do you want to keep playing the game?

You’ve been watching our training video on how to get the maximum profit from your 1stDDS subscription.

If you would like access to all six of these dental marketing videos in a high quality video format with downloadable notes, visit www.InternetDentalAlliance.com/1stDDS.htm

You should also check this page for notification of any special trial offers we may be offering.

As you can probably tell, 1stDDS is just one part of our Internet marketing campaign solutions for dental practices.

Each of our campaign’s start with a one-on-one doctor consultation to target high-value new patients in your local market… Cosmetic, Implant, Sedation, Ortho. Up to 24 different patient types, based on your areas of training or specialization.

Then we build a multiple precision-targeted dental practice websites, each designed to capture those same high-value patient groups.

We use the 1stDDS directory program to register you on the Dental Information Portals that are targeted at your high-value patient types.

We also set you up with your own automated email newsletter program to build loyalty and drive more referrals from your current patient base.

We follow all these Internet solutions with a dental C.E. training program to Turn Your Team into a Front Desk Marketing Machine.

And finally, you’ve got ongoing expert dental marketing guidance and support from real live people 5 days a week form 8 AM to 5 PM CT.

On top of all that it’s guaranteed!

Call now! Toll-Free at 877-446-5466.

Or…

You can visit our website to schedule a dental marketing consultation on line at www.InternetDentalAlliance.com/contact.htm


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