In this episode, Dr. Barbara Hales interviews Bret Gregory, founder of DrTalks : Bret shares how his decade of running a marketing agency for doctors showed that virtual summits and podcasts are the strongest long-term patient-acquisition strategies, with summits often generating 20,000+ email leads and significant new-patient revenue. He recounts his entrepreneurial path, including selling a corporate wellness business after his brother’s terminal cancer diagnosis, attempting an eco-wellness community in Costa Rica, and learning online marketing to survive the 2008 downturn. Brett explains why doctors make in-demand podcast guests, how DrTalks helps doctors get booked for free using AI, and why nurturing an email list with a weekly newsletter is more valuable than social followers. Connect with Bret Gregory: sign in/up https://drtalks.com/ LinkedIn Bret Gregory Connect with Barbara Hales: Twitter: @DrBarbaraHales Facebook: facebook.com/theMedicalStrategist Business Website: TheMedicalStrategist.com Email: info@TheMedicalStrategist.com YouTube:@barbarahales LinkedIn: https://www.LinkedIn.com/in/barbarahales Books: Content Copy Made Easy 14 Tactics to Triple Sales Power to the Patient: The Medical Strategist TRANSCRIPT. (238) Dr. Barbara Hales 00:02 Welcome to another episode of marketing tips for doctors. I’m your host, Dr. Barbara Hales, and today we have a very interesting person with us by the name of Bret. Gregory Dr. Barbara Hales 00:19 Bret was giving that little pause there for excitement. What I wanted to tell you about him, which makes him so interesting, is that he is a healthcare investor and has invested in several health and wellness startups. So I’d like to say that over his 30-year career, he’s founded and built not one but four successful startups in the health and wellness sector, two of which empower doctors to build their brands and businesses through innovative approaches. His most recent one is called Doctor Talks. You can reach that through drtalks.com. Bret Gregory 01:11 Thanks so much. Barbara, I really appreciate you having me, and it’s wonderful to have a physician who is helping other doctors. It’s really exciting for me to have a conversation with you. I founded drtalks.com about six years ago, right when the pandemic started. And prior to that, I had a marketing agency for doctors for about a decade. And that entire time, while we were helping doctors, we were doing all sorts of marketing strategies, lots of social media. We were doing campaigns, emails, webinars, you name it. And then what I noticed is, over that decade, the marketing that worked the best, the long-term marketing that worked the best for doctors was very consistently virtual summits and podcasts and putting on a virtual summit where one doctor might interview 20 or 30 other doctors, and then we would launch that summit virtually. And every time we did that, they would grow a 20,000-plus-patient email list and convert it into a million dollars in new-patient revenue per year. And the only thing was, it was very hard. Took a lot of work. It was a lot of effort. And the same thing with podcasts. Podcasts took, they took a while to get going, but once they got going, they ended up being some of the best long term marketing strategies for doctors. Well over that decade, I was wondering, how come no one has ever created an entire platform dedicated to this? It’s kind of like YouTube for doctors. And after asking myself that for over five years, I finally said, Well, you know what? I’ll create it. And so I went out, maxed out my credit cards, borrowed $50,000, hired a few employees overseas, found my first 10 customers, and we launched in March of 2020, right when the pandemic started. I didn’t know what was going to happen. No one did, of course, but it turned out helping doctors with their online businesses was perfect timing. The pandemic gave us a tailwind, and now, six years later, we’ve grown into the world’s largest streaming platform for integrative and functional medicine doctors who want to reach our 11 million patient web visitors. And so we’re really on a mission now to democratize the Creator economy for doctors. What that means is we want to help you, doctors, make money off your information. I believe that doctors have been squeezed from so many different places, and now it’s time for doctors to monetize, to be able to get paid for their information while they’re helping people with their knowledge. So that’s the mission of doctor talks. Dr. Barbara Hales 04:04 That’s really great. But before we continue on this topic that you are clearly passionate about, what I would like to do is to turn the dial and go back to the beginning, because and you know other doctors and other you know, possible entrepreneurs here that you are an investor, that is something, I think, that you know, other than being envious, strike strikes the the question or fear in people. Well, isn’t it scary to start with something like that from the beginning, you know, and worry whether it’s going to fail and is going to lose all his money, or, you know, like, like, how that works. So take me back to the beginning and say, you know, most people would take the safe route. So, you know, they. Start a business, or they would, you know, work in a, you know, in a business that was either, you know, like, joint-vented with someone else. So let’s, let’s start from the beginning, because I know there are people here listening to this saying, like, what you know, like, how does this happen? So tell me how it happened. Like, why is it that you had all the confidence to, you know, be an investor and, you know, like, how that all came about? Bret Gregory 05:33 Sure. Well, I started out as an entrepreneur. Very early in college. I started my first business, started a painting company, and then right out of college, I went into the Employee Benefits business, and I started my own company there, and that was from about 1996 to 2006 I did corporate wellness programs, and I also started a radio show at that time. And what I accidentally discovered is that by interviewing real prospective customers, I was interviewing CEOs of companies in San Diego and interviewing people who could refer us prospective customers, we ended up building a really significant business in the corporate wellness sector over a 10 year period, and that was my my first business, sadly, in 2006 my 34 year old brother was diagnosed with terminal lung cancer, stage four non small cell carcino carcinoma, and he ended up passing away nine months after that, And that just changed the trajectory of my life completely. Bret Gregory 06:44 Thank you. I appreciate that. But I tore off my suit and tie. I sold my business. I had about $3 million I moved to Costa Rica. I purchased a 164-acre property to develop an eco-friendly wellness community that helps as many people as possible change their lifestyle habits and heal from within, to the best of their bodies’ abilities. Now, I’m not a doctor. I know nothing about I don’t pretend to be one. I do understand marketing and sales. That’s really where my experience lies, but I was really focused on helping as many people as I possibly could, and I wanted to use that as my brother’s legacy. Well, I went and purchased this great piece of property down in Costa Rica, right across the street from the beach, and a new hospital is under construction. Now it was a great time to sell my corporate wellness programs business, but it was a terrible time to invest in a speculative real estate development because we closed in 2007, right before the 2008 global financial crisis, and I was really worried. I thought I was going to go bankrupt. I very quickly learned online marketing. I learned how to build websites, drive traffic, build lead magnets, grow an email list, and in just about 12 months, we were able to do about $1.4 million in sales to customers we met on Facebook, and this was now in 2009 2010 it was just enough to avoid going bankrupt, but it wasn’t enough to raise the money that we needed to raise to develop a large eco friendly wellness community. So I had to put that project on hold, move back to San Diego, and that’s when I started. It was called “attract customers now,” where I helped doctors grow their practices. And I did that from 2010 to 2020, and that’s when I learned about the different techniques that can help doctors grow their practices and attract patients online. Dr. Barbara Hales 08:54 Did you use that property for wellness retreats? Bret Gregory 08:58 That was the goal. Unfortunately, we were never able to really recover from the global financial crisis, and that was the whole idea and goal. We wanted to build a wellness community for retreats. We just weren’t able to do it. Dr. Barbara Hales 09:14 And that’s unfortunate, because it seems like such an absolutely beautiful place. Bret Gregory 09:19 It is truly, truly beautiful. Feels very magical, feels very nurturing and healing, and that was the idea. Dr. Barbara Hales 09:29 So I understand that one of the ways you recommend physicians, you know, become visible to their prospective patients is by putting out podcasts. Do you recommend they guest-podcast on other sites before considering creating their own? Bret Gregory 09:51 Yeah, well, guesting on podcasts has become the hottest new way to attract patients online right now. Wow. And one thing: since I started drtalks.com about six years ago, I’ve worked with 1000s of doctors. There are probably 3000 doctors on the platform today. We’ve got lots and lots of Doctor-hosted podcasts, and I’ve coached. We’ve produced over 7500 podcast interviews on doctor talks. And one thing that I see ve