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It Is the (Good,
Better, Best) of Times |
It’s all about choices in the marketplace today. Our
patient’s disposable income has been affected by the
downturn in the economy and the savviest of us will craft a
proper response. That response should, rather must, contain
choices for those patients, not only in frames and in
lenses, but also in add-ons and multiple pair or contact
lens/eyewear package options.
The latest data compiled by Jobson Research for The
Vision Council indicates a 2.5% drop in the total vision
care market in the U.S., excluding contact lens sales. The
data reflects the marketplace during 12 months ending in
September 2008. So, if you’re feeling a little pinch,
there it is. The bigger question, bigger even than how much
more it will drop, will be how do we react to these numbers?
Still, the same report shows that of the respondents,
24.8% were either very likely or extremely likely to
purchase a complete new pair of eyeglasses within the next 6
months. That’s very good news for us all. But there is
another statistic that represents even greater potential for
increasing sales…lenses only purchases.
During the 6 months ending September 2005, 17.5% of
respondents were very likely or extremely likely to purchase
lenses only for their eyeglasses. In the 6 months ending
September 2008, that number had increased to 21.7%. That’s
a pretty healthy jump in “lenses only” and a big
opportunity to offer an expanded menu of lens options to our
cautious patients.
Every lens manufacturer offers a good, better, best
product line, either utilizing lens materials or lens
designs or a combination of both. This is the time to
carefully evaluate the choices you have and can offer your
patients. Don’t shy away from offering your patients the
best in design, material and treatments, but do be ready
with options that you and your patients can live with
comfortably. By and large, your patients will appreciate
your honesty and consideration.
So, how do you begin to make these decisions?
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If your practice is committed to a single lens
manufacturer, work with the manufacturer’s rep to compare
the features and benefits of individual designs, their
availability and their compatibility with lens treatments.
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If your practice is committed to a single laboratory,
work with your lab rep to design a menu of lens designs,
materials and treatments that will give you and your
patients enough choices.
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If your practice uses a number of labs based on lens
prices then you’re probably already getting the best
price, but you may be sacrificing the in-depth knowledge
that either a manufacturer or lab rep can provide. As some
of your returning patients may have discovered, there is a
risk associated with shopping for price alone.
Choose the lens that will populate your “best” tier
and build a series of packages around that lens, including
materials and treatments. This is the top end of the
price/value scale and where all your sales conversations
should begin. Create a script for yourself and your staff
that describes the features and benefits of this choice. In
a tight economy, this level can be a tough sell, so you and
your staff need to be prepared to describe the package in
specific detail to reinforce its value.
Next, choose the lens that will populate your “good”
tier. This lens should not be the least expensive lens you
can find, but should be the best value lens in terms of
material, availability and compatibility with lens
treatments. You and your patient should be confident that it
meets more than just a basic need. You should be confident
enough in the lens to offer it to your very best customer if
and when it addresses a need. Most labs have a “go to”
or a “house brand” lens. It’s usually one that
provides good quality at a very good price with a wide
availability in materials.
You have now determined the top and bottom end of your
packages. The most difficult tier to populate is the “better”
one. There are an astounding number of excellent lens
manufacturers with mid-range products to choose from. These
are the lenses that you may have relied on as your top tier
just a few years ago. You should be prepared to explain why
this lens is no longer on the top of the stack. You and your
patient can be confident in the performance of this tier
since it already has a good track record with many, if not
most, of your patients. Build some attractive packages
around this middle tier and make it the bread and butter of
your dispensary.
Pricing the “good, better, best” tiers is a critical
decision. You should know what percentage of your patients
purchased which lenses and lens treatments. The tiers should
be designed, described and priced so that your patient can
see and understand the value in each step up.
You should know what combinations were most attractive or
popular and how frequently your patients returned for
additional eyewear purchases. For instance, if they are
returning within 30 to 60 days, is a multiple pair package a
viable idea, even if it means new lenses for an old frame
and a new pair? Or, in these tight times is a “family
package” going to keep a family of patients from looking
elsewhere for more affordable options? These times require
creative thinking and a willingness to push some boundaries
that have become untenable.
Every practice has a style or manner in which lenses and
frames are presented to the patient. Most agree that the “lenses
first” approach is the most efficient and effective. Some
prefer to use a patient questionnaire to determine lens
needs and wants. Others prefer open-ended questions and
active listening. Still others use a combination of both,
but the end result is still the same…providing the right
lens for the right need while addressing the want.
“It was the best of times, it was the worst of times…it
was the spring of hope…”
Charles Dickens, A Tale of Two Cities |