A dental membership plan can be a great way to generate passive income for your dental practice. This book provides strategies and tips to help you get the most out of your membership plan, and make it a success. By following the advice in this book, you can easily make $50,000 or more each month from your dental membership plan.
First, you need to understand how dental membership plans work. These plans are typically subscription-based, and allow patients to pay a monthly fee in exchange for access to discounted or free dental services. As the dentist, you will receive a percentage of the monthly fee, which can add up to a significant amount of money over time.
To make your dental membership plan successful, you need to offer services that patients value. This could include discounts on dental procedures, free teeth cleanings, or even access to exclusive events or products. Make sure to market your membership plan well, so that patients are aware of the benefits they can receive by signing up.
The Million Dollar membership Plan
If you want to make serious money from your dental membership plan, you need to sign up a large number of patients. To do this, you will need to offer an irresistible deal that encourages people to sign up. For example, you could offer unlimited teeth cleaning for every new patient who signs up for your dental membership plan.
Once you have a large number of patients on your plan, you will be able to generate a significant amount of passive income each month. This can easily add up to over $100,000 per year, which can be used to invest in new dental equipment or hire additional staff.
To make your dental membership plan even more successful, you should consider partnering with other businesses. For example, you could team up with a local spa to offer discounts on massages or facials for your patients. This will make your dental membership plan even more attractive, and help you to sign up even more patients.
Check out the image below. This practice is generating over a million dollars per year in predictable recurring revenue! They offer several membership plans to segments of their patient base and they utilize their membership program as a marketing strategy. The reason why this practice decided to grow their membership program was the dwindling profit margins of being in network with PPO plans. It is simply not worth it any more to be in network because insurance companies attack your profit margin, hurt your cash flow and jeopardize your patient experience.
Unlimited Whitening Membership Plans
By offering an unlimited tooth whitening subscription plan, you can provide your patients with a valuable service that they can use on a regular basis. This can help to attract new patients and keep existing ones coming back for more.
In order to make the most of this opportunity, it is important to promote your tooth whitening subscription plan widely. You can do this by placing flyers in local businesses and handing out business cards in high foot traffic areas. You can also promote your plan online through social media and your website.
When promoting your whitening subscription plan, be sure to highlight the many benefits that it offers. For instance, emphasize that patients can save money by signing up for the plan.
You can offer your whitening plan to insured and uninsured patients & generate passive income.
If you want to understand how to create & scale your own dental membership plan, I have written a book and recorded several courses and resources that will save you time and prevent your from making critical mistakes. Download The Million Dollar Membership Plan" E-book