Practices can struggle with whitening profitability for a number of reasons: keeping prices too low, keeping prices too high, or thinking a good tooth whitening product alone is enough to attract patients. The list goes on and on.
But there is good news. Even if your practice isn't making a profit from tooth whitening now, turning this around is very easy when you know how. With a simple list of actionable tips, you can easily tap into the growing demand for teeth whitening.
To help you on your way to growing your practice with tooth whitening gels, here are 5 key elements you should focus on...
The aim of a thoughtful pricing structure is to help you achieve your business and marketing goals.
If you haven't considered yours—you're missing out.
While there's a lot that goes into deciding which pricing structure is best for your practice, here are some key strategies we recommend you consider:
Promotional pricing can be a powerful weapon (after all, everyone loves a deal!)
Experiment with different promotions and analyze which performs best for your practice.
Some areas to test:
Product bundling is nothing new. You may be most familiar with the BOGOF deal (also known as Buy One Get One Free). However, there are other product bundles you can experiment with. For example, bundling a complimentary whitening toothpaste with every purchase. Consider your profit margins and get creative!
It's important to understand your practice doesn't operate in a vacuum. Other practices in your area will also be selling whitening, and the prices you set need to be based on this competitive landscape.
Top Tip! Beating the competition doesn't necessarily mean reducing your pricing. Consider what you offer: do you provide a premium service? Could your prices reflect this?
Buying whitening stock can quickly add up, and (if you're not careful) easily take over your bottom line.
Costs can be lowered though—if you employ intelligent buying techniques.
Here are some of our top tips to get you started:
Why pay full price when you can shop for less?
Discounts and promotional offers are an excellent way to save money, often significantly reducing your overall cost.
When hunting for the best deals, it's important to be aware of the best times to buy.
We all know that Black Friday and January are often great times of the year for sales—but what about the rest of the year?
As the saying goes, "failing to plan is planning to fail."
This could not be truer when it comes to ordering your whitening supplies.
Make sure you have a clear budget in mind and stick to it. Buying in bulk can give you a great discount on a large purchase, but make sure this aligns with your budget and plan.
While shopping around may seem appealing, there is great value in building up a relationship with a distributor you know and trust.
With a valued distributor, you can count on quality teeth whitening products, a reliable service and (if you're lucky) a whole host of additional benefits.
Knowing your products is one of the most important factors when it comes to increasing whitening sales—or any sales for that matter. This is your opportunity to find the best fit for your patient, highlighting all the benefits and answering any questions.
To maximize potential profit, ensure all practice staff are trained on your whitening products.
Improve your chances of success by focusing on the following areas:
How do you market your whitening services?
While a poster in the practice is a good place to start, there are a whole host of ways you can market your whitening services to patients.
If you want to use whitening as a tool to grow your practice, you need to get patients excited about the possibilities of a whiter, brighter smile.
Maximize your chances of success and promote your whitening services with the following resources:
A point of sale display
At the end of the day, the primary purpose of a dental practice is to serve their patients.
While profit is the end goal, the sales process doesn't have to feel forced.
Here are three simple ways you can make whitening part of your practice's routine:
So, there you have it—5 easy ways to increase your profit with tooth whitening.
Read Next: The Ideal Waiting Room for Your Practice »
Download: [EBOOK] 8 Tips for Marketing Whitening in Your Practice
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This article is brought to you by White Dental Beauty, a worldwide leading tooth whitening brand exclusively distributed by Henry Schein Dental. Available in five choices of strength, including a mild concentration, White Dental Beauty can suit the needs of virtually every patient.