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DISPENSARY MARKETING

Optimisim for '09

When department store holiday hours start three weeks before Thanksgiving and not the day after it, when the music of Christmas fills some stores in early November to put any shopper within earshot into a buying mood, and when the Optical professionals I visit daily say how bad business has been – and mean it – I know that people are taking action to assure that their business will weather this economic storm.

EyeCare Professional Magazine prints pound for pound the best ideas for achieving practice profitability of any Optical publication out there. Read it cover to cover for confirmation of the wisdom of some of your own profitable practices, and use it as a source for other ideas to test how they might work for you.

In last month’s issue, Bob Fesmire advised how to differentiate your practice from those around you with specific suggestions of what to do, Anthony Record asked us to focus on the work place advantages that come with the territory of being one of the 3-O’s, Judy Canty suggested that ‘saying the same old things in a new way” can enhance our interest in our daily interactions, and Carrie Wilson advised specific ways of networking that improve practice profitability.

Bob Fesmire advises each of us to “work smarter,” and then rattles off suggestions, each of which is worth an article of its own:

  1. Changing our product mix to meet our target customers’ expectations. One of my customers is running a 50% off sale in an upscale location. Every frame worth looking at in her inventory that is not currently earning money for her, is on the right side of her store at 50% off. The other side is filled with the most exciting frame samples of the season. Whichever side a consumer chooses from, the practice will make a profit and also move current inventory, while conserving cash-flow dollars. Her business volume rose 70% as compared to October 2007.

  2. 9 to 5 may be a good title for a new musical, but more and more practices are changing scheduled hours for their personnel to avoid rush hours and save time and gas, and providing more early and late hours to capitalize on their patient’s available shopping time.

  3. Whether it is lab personnel or practice personnel, people training is the most cost-effective way of making your business shine in the eyes of your customers. Judy Canty’s article on controlling attitude and language is a case in point.

While the economics of the United States are grim, here is another idea to add to the ones Anthony Record suggested last month. We live in a part of the world considered “flat,” as we seek markets and supplies all over the globe. Just think of where the frames we sell come from, and the markets served by the frame and lens manufacturers whose products we dispense daily. For 90% of the world’s population, the world is very round indeed: most people earn daily and monthly salaries measured in dollars, not in hundreds or thousands of dollars. Many people live and die within miles of their home, while Americans travel the globe, and even in these recessionary times, the Tiffany catalog advertises solitaire diamond rings for millions of dollars.

As Carrie Wilson wrote in the November Issue, pick the brains of your sales reps. Each one of your reps has a vested interest in helping you grow your business. Listen to their ideas for practice development. Try the growth ideas that intrigue you. Then support those reps with your business. Reward them for helping you grow your volume, improve your cash flow, and increase your profits.

I read a post on www.ecpmag.com’s new blog feature about my October article, “Your Lab IQ.” The blogger wrote, “One lab after another fails to meet my needs, and my optical manager friends’ expectations.”

Who doesn’t want the Rx’s from the lab to be right the first time and every time? And what lab, since each is run by humans, can achieve that level of performance? Before you jump to yet another lab, find someone in your current lab who is interested in making each report of a problem into an opportunity to “make the problem go away by making you satisfied with the solution.” That has been my mantra for the past thirteen years with my lab, Optogenics. Our President, Eric Brion, says the same thing a little differently. “Every complaint is an opportunity to make a satisfied customer.” Complaints and observations from customers are the lifeblood of any well run business. Find a lab that acts on your observations, and stick with them.

Another optician, faced with a quandary of how to handle a difficult practice/patient interaction, was heartened by my observation: “If you ask others for advice, and the actions that are recommended ‘just don’t feel right,’ take another look before you act. Your gut feeling is probably the correct one.”

So I challenge each of us to “just do it.” Speak up and get the results you want, and then praise those who helped make what you wanted happen. Let’s take this season to be thankful for all the blessings derived from the work we do, and for our ability to learn from our successes and failures, to make 2009 a better year for ourselves, our families, and all members of our profession.

Ted Weinreich, MBA
Regional Sales Manager, Optogenics
editor@ECPmag.com

Ted Weinreich, Optogenics

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Fezz
Posted: 12/11/2008 7:01:13 PM

ANOTHER GREAT ARTICLE! KEEP THEM COMING!
Currently Viewing 1 of 1 Comments      
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