We love to hear from subscribers.
Need a sounding-board? Want to bounce an idea off someone? If
you take the time to ask, we take the time to answer.
Send
us your question.
Here's the latest round of
questions we've tackled, some edited to fit:
1) Marketing a kid-oriented speech therapy practice
2) Marketing a baby-boomer/retiree fitness business
3) Business challenges for chiropractors
4) New gym needs name
5) Specialty medical practice looking for health fairs
6) How to market a pain management medical practice
7) Projecting market growth
8) AEDs and equipment distributors
9) More to come...questions we'll cover in future newsletters
1) Marketing a
kid-oriented speech therapy practice
Our speech therapy clinic
works with kids and
needs a tagline for a small newspaper ad, maybe something about helping
kids communicate or grow or bloom and a nature picture. Is that too
sappy?
Radial/Leslie Nolen: Sure, all of
those ideas have potential, although we think you should definitely include
the communication concept - growth alone is too generic. Good taglines are a snapshot of your business.
You need emotional power that captures the concerns that keep
parents (who write the checks) up at night. Avoid puns and cute slogans -
speech is terribly serious to parents and cutesy slogans will devalue your
professional expertise.
Also: Avoid ads in newspapers - they generally are extremely ineffective in
this market unless there's a specialty local publication that targets
parents especially effectively.
Our advice for marketing
health-related services: focus on building word-of-mouth from happy parents
and referral business from pediatricians and others likely to be consulted
on how to develop speech and address speech concerns. Develop simple
marketing materials that speak to the concerns and hot buttons of both
customers (aka parents) and referral sources (MDs, teachers, audiologists,
etc.).
2) Marketing a
baby-boomer/retiree fitness business
We are launching a new fitness
company, starting with personal training and planning to open a full gym
within 2 years, then grow geographically. Our target market is retired baby
boomers and we are emphasizing individualized programs. What should we
think about as we develop our marketing plans?
Radial/Leslie Nolen:
The physical condition of most people in their 30s and 40s is relatively
similar, but enormous variation develops among people as they age. Some
people in their 60s and 70s are bedridden even though they have no acute illness,
while others are still going strong.
It's the product of many lifestyle choices over a lifetime + genetics +
environment, not so much a product of chronological age. So with this
segment it's even more important to market to them based on their
capabilities/goals, not just on age.
But: as a practical matter, in most communities adults in their 50s and
beyond are unfit and overweight and starting to experience health problems
related to their inactivity.
Key concerns: fear that increased activity will harm or kill
them; intimidation by equipment they don't understand, a sense of
hopelessness that they're too old to succeed, fear of early disability
leading to nursing home.
As a group, they tend to be much more motivated/loyal than younger
customers. Designing your services to "meet them where they are"
capability-wise and ensure small, early successes will be huge in
attracting/retaining them.
3) Business
challenges for chiropractors
Whats the biggest challenge
for a new chiropractor? We've been told that we should
advertise heavily and offer extensive free "try us out" services.
Radial/Leslie Nolen: Giving away free services isn't really an effective business development
tactic.
In fact, traditional advertising and marketing approaches usually fail in
the health/wellness sector, primarily because most clients won't choose a
chiropractor, for example, based on an ad. And even if they did, what are the odds
that they'll see your ad at the exact time that they need a chiropractor?
Most chiropractic clients choose chiropractors based on word-of-mouth
referral from family, friends and coworkers. Don't assume that clients know
you want referrals - plant the seeds for referrals early in the
relationship. Check our website for articles on referrals and marketing
through organizations.
Bottom-line - the key success factors are 1) select an appropriate location;
2) take the initiative to build referral networks; 3) proactively build
word-of-mouth business; 4) make yourself visible to your target audience and
5) give yourself quantitative goals for all of these.
4) New gym needs
name
We are opening a boxing and fitness gym in the next 6 months and need a strong name. We'll
also have self-defense classes and cardio. We are targeting everyone,
not just boxers. Any suggestions?
Radial/Don Muchow: 1) Couple of thoughts
as you evaluate names: You said
"The gym will service anyone...not just the aspiring boxer." If you
refer to boxing in the name, you'll turn off people who aren't
interested in boxing or have a negative view of it. For example, you
probably won't attract women interested in general fitness (unless your
focus is kickboxing, and even then...). You also probably won't attract
anyone who's relatively unfit. Not saying that's good or bad - depends on
your business goals.
Keep in mind that the already-active folks out there have plenty of gyms to
choose from. The underserved part of this market is unfit people of all
ages/both genders.
2) Customers tend to respond best to straightforward names that clearly
explain what your business is about. They don't respond as well to
"cute" names or plays on words.
Google your name ideas to see if anyone else is already using it. Find out
if it's available as a domain name. You can do a free search
yourself at the US Patent & Trademark Office (www.uspto.gov) to
see if it's already registered.
Sadly, any name that's especially catchy is probably already taken, and even
very small businesses can get cease-and-desist letters when they use names
that are already registered...better to check it out upfront and consult an
attorney, in our opinion.
We've got guidelines and examples of what to do/not do on choosing names
specifically for wellness businesses;
drop us an e-mail if you'd like a copy.
5) Specialty
medical practice looking for health fairs
We want to expand our patient
base by participating in health fairs but can't find any in our area.
Any ideas on how to find out where health fairs are being held?
Radial/Leslie Nolen: A couple of suggestions:
1) Talk to large local hospitals, specifically the wellness department or
wellness center staff. They often host and staff health fairs.
2) Check the events calendar with large local indoor malls. They often host health fairs.
3) Fewer and fewer employers host traditional fairs, for a variety of
reasons. However, depending on your clinic's specialties,
contacting nearby employers and offering to sponsor a day of
screening might be well-received.
4) Ask your current patients for information about whether
their employers currently sponsor health fairs. Keep in mind that if you do
contact a patient's employer you need to be careful to observe HIPAA privacy
requirements.
5) We see fewer health professionals participating in health fairs,
primarily because they don't get enough future clients to
justify the time and cost. A structured approach to getting referrals (staying clear of any
Stark conflicts, of course) + increasing visibility of the
practice & its professionals (not just the docs) in the community is usually
much more effective. Just a thought...
6) How to market a pain management medical practice
My clinic provides pain
management without surgery or drugs through a board-certified MD. I need a tagline
that explains what I do, because potential patients are often confused
about whether I am a chiropractor, a doctor, or a physical
therapist.
Radial/Don Muchow:
When you're trying to develop a tagline, start by writing down the way your
patients (clients) describe your clinic's benefits to their friends, family,
coworkers.
If you're not sure what they say, we suggest that you actually ask a handful
of them for their input. They'll be incredibly flattered. Don't ask them for
a tagline, though - just ask them how they have described the services and
(very important) the benefits to other people they know.
Then, to come up with your tagline, boil down the most promising comments
into a very short phrase. Something simple and clear, like "no drugs,
no surgery...no pain" is best.
Remember that taglines alone don't win customers. In your line of work (which sounds
similar to PM&R physicians), your best source of
clients will be referrals from other professionals and happy patients, and
networking in your community - for example, addressing parents of school-age
athletes on non-surgical options, addressing women's groups, etc.
Not saying you shouldn't have a tagline - merely that it's a "nice to have",
not a "got to have" for a successful strategy for your particular situation.
7) Projecting
market growth
Is there a way to predict
market and population growth in a community?
Radial/Leslie Nolen: You bet.
If you have more time than money, you can get free census projections in
Excel spreadsheets at www.census.gov.
It'll include gender, race/ethnicity, different age groups, and more.
If you have more money than time,
you can subscribe to a service like DemographicsNow for a month (about
$130/month & up) and run a
huge variety of reports that show detailed historical, current, and
projected demographic data down to an extremely granular level (smaller than
a zip-code region). You can pay more and layer on additional data
(psychographics, for example).
It'll probably take a first-time user most
of a week to review the reports, customize as needed, create and print them,
and analyze them. You can then use this data to feed your revenue
forecast. If you need help, call us at 877-851-0098 and ask about
target market analysis.
8) AEDs and
equipment distributors
I would like to see an article
on AEDs. My company distributes fitness equipment and I've been trying
to convince it to carry AEDs for 3 years and it is still not offered in our
product line.
Radial/Lucy Miele: We're not
currently planning an article on AEDs, but if you search the IHRSA,
Fitness Business Pro (Club Industry), and Red Cross sites you'll find coverage.
9) More to
come...
Topics you've asked us to cover in upcoming newsletters:
overcoming common sales objections, approaching apartment
complexes to do health fairs, explaining features vs. benefits, tips for
branding your company, and the most effective way to market your
soon-to-open studio.