What do dentists spend monthly on dental marketing?
It all depends on the dentist you ask.
54% of the dentists who responded to this question in The Wealthy Dentist survey spend over $1,000 a month on marketing, while a mere 7% spend nothing at all.
“We budget 6 percent of collections at approximately $18,000 per month,” revealed a California dentist.
Here are the survey results —
7% — No marketing expenses.
6% — Under $200.
9% — $200-500.
25% — $500-1,000.
20% — $1,000-2,000.
12% — $2,000-5,000.
22% — Over $5,000.
What dentists had to say about their monthly marketing expenses —
“We spend $80,000.00 + a month.” (Texas prosthodontist/orthodontist practice)
“In this rural area, it is difficult to reach a large number of people.” (Rural general dentist)
“Internal marketing is clearly the best form of marketing and the least costly. We’ve focused a lot on that the past 2 years and have seen significant benefits and practice growth!” (Texas prosthodontist)
“Our business is less than 2-years-old. We are now over 50% internal referral. I may cut some of the marketing budget for external next year.” (Missouri dentist)
“It seems every year it costs more and more to get a descent ROI.” (California orthodontist)
“Our practice is over 50% dental implant related and we could not do the volume we do without extensive external marketing.” (General dentist)
“$500 – $1,000 and growing.” (South Carolina periodontist)
“We get over 30 new patients a month every month by great “word of mouth” in our community. No amount of “marketing” is better than treating your patients like you would want to be treated!” (California dentist)
“$2,000 – $5,000 and looking to increase.” (Michigan dentist)
What does your practice spend on dental marketing each month?