Week 4 Marketing Flashcards
(53 cards)
What should practice managers be able to track?
Before and after results, return on investment (ROI)
Tracking results helps identify effective marketing techniques.
What are some indirect forms of marketing?
Client education, clean facilities, superb team
These factors contribute to client perception and loyalty.
What does direct marketing include?
Webpages, social media, blogs, advertisements, direct mail
Direct marketing aims to reach potential clients directly.
Define internal marketing.
Marketing directed towards current clients, including reminders, postcards, recalls
Aims to maintain client engagement and retention.
What is external marketing focused on?
Potential clients and educating them about services
Helps attract new clients to the practice.
What is the average marketing budget for practices?
2%-3% of gross revenue
This applies to all types of marketing: internal, external, direct, and indirect.
What are the Ps of marketing?
Product, Price, Promotion
These elements help define how services are marketed.
What does SWOT stand for in SWOT analysis?
Strengths, Weaknesses, Opportunities, Threats
This framework assists practices in identifying areas for improvement and competitive advantage.
What should practices consider as strengths?
Accomplishments that set them apart from other clinics
Strengths can help develop effective marketing strategies.
Why is addressing weaknesses important?
To eliminate roadblocks that may inhibit growth and marketing effectiveness
Understanding weaknesses allows for better strategic planning.
What are opportunities in the context of SWOT analysis?
Creative ideas that promote innovative thinking and growth
Recognizing opportunities can lead to significant advancements for the practice.
What are threats in a SWOT analysis?
Internal and external factors that may negatively affect the clinic
Identifying threats helps in planning to mitigate risks.
How can practices differentiate themselves?
By gathering competitive intelligence and identifying unique offerings
Differentiation can enhance client attraction and retention.
What constitutes a practice’s brand?
The reputation and identification of the practice
A strong brand can lead to increased client trust and loyalty.
What is the most successful form of free marketing?
Positive word of mouth referrals
Referrals often lead to new client acquisitions.
What does indirect marketing focus on?
Strengthening client perceptions
It involves the overall experience clients have with the practice.
What is included in internal marketing?
Client education, recalls, reminders, staff enthusiasm
Internal marketing aims to enhance client relationships and satisfaction.
Why is client communication important?
It increases client compliance and retention
Lack of confidence can lead to decreased retention.
What are examples of internal marketing?
Recalls, reminders, client education, clean office, staff identification
These actions help maintain strong client relationships.
What are appointment reminders considered?
A tangible form of indirect marketing
They help keep clients engaged with the practice.
What is target marketing?
Marketing directed towards a specific demographic
It allows practices to tailor strategies to meet specific client needs.
What is the key to successful external marketing?
Determining prospective clients and using the best methods to attract them
Understanding the audience is crucial for effective outreach.
What does the AVMA code of ethics state about advertising?
Advertising must not include false, deceptive, or misleading statements
Ethical marketing is crucial for maintaining trust in the veterinary field.
What are some examples of external marketing?
Websites, social media, office tours, lectures, community service events
These methods help promote the practice to potential clients.