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Buying & Selling

Ultimately, the degree to which an eyecare business can prosper is determined by making sure they’re offering what patients and customers are looking for. Here we look at how much ECPs are buying, where they’re buying it, and how fast it’s moving, as well as what services are in demand...

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Is your buying at tradeshows…

Increasing
19%
Declining
23%
Staying the same
30%
I never bought at trade shows
28%

As more regional buying events have popped up in recent years, have your trade show attendance habits changed?

No, we never attend these sorts of events.
24%
No, we still go to the same events we’ve always attended.
35%
Yes, we go to more now.
26%
Yes, now we only go to local events.
11%
Other.
5%

Notable “Other” responses included:

  • “We plan to go to these events in the future but haven’t yet.”
  • “Eliminated VEE since it’s in Florida, do mainly local events.”
  • “We’ve gone to one in the past five years. I hope to start going to one annually (and hopefully different ones).”
  • “We go to international shows.”
  • “Attendance has declined over the years since deals aren’t as good.”

How many frame brands (not manufacturers or vendors) does your optical carry?

The Big Survey 2024: Buying & Selling

How long do you give a new brand to perform in your optical before you start marking it down or sending it back?

The Big Survey 2024: Buying & Selling

Does it come as a surprise to learn that when we compared the number of brands carried with how long respondents give a brand to perform that those on either end of the spectrum were more likely to hold on to product? 50% of those who carry less than five brands give a new brand about a year or more; while 70% of those who carry 20 or more brands give it up to two years to perform and 15% give it as long as it takes. The sweet spot seemed to be those who carry between 5-9 brands; 80% of those respondents gave a new brand about a year or less to perform. While for those who carried 10-14 brands, 73% gave it a year or less.

If you could carry and sell only one single brand, what would it be and why?**

  • “Zeiss because of the consistent recognition of its product quality.”
  • “Gucci is an established name that attracts customers who value style, quality, and status. This is our biggest seller.”
  • “Ted Baker has a great frame variety for men, women and kids.”
  • “Modo.”
  • “Private label, best bang for the buck.”
  • “Essilor offers high quality lenses and innovative technology.”
  • “Tom Ford. Best profitability.”
  • “Acuvue. The lenses fit most people and the support is superb.”
  • “Ray-Ban, product recognition, good quality and price point.”
  • “Coopervision Avaira Vitality.”
  • “Uber.”
  • “ECO frames. Great product, using recyclable materials, planting trees, at an affordable price point.”
  • “Silhouette durable, different, brand loyalty.”
  • “Charmant quality, minimal repairs, styles.”
  • “SALT.”
  • “Lafont. In ten years of carrying the brand, I have had only one “warranty” replacement.”
  • “Kate Spade or Chanel. Various sizes and color and we are the only ones in [our state] to carry Chanel.”
  • “Lindberg. So many options and quality is superb.”
  • “l.a. Eyeworks our number one selling line right now.”
  • “Scott Harris! They truly have something for everyone and I love Europa.”
  • “Theo.”
  • “Maui Jim, I strongly believe in light protection.”
  • “Superflex by Westgroupe. The quality for the price is really incredible.”
  • “Tom Davies, color fit and the bespoke ability.”

**Each of the brands included was mentioned multiple times though we are only running one specific mention.

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If you could carry and sell only one type of product, what would it be and why?

  • “Silhouette because people who know this brand love it and it is easy to sell; it tells a good story.”
  • “Trivex. It works well for most Rxs and is an upgrade.”
  • “Accessories. Easy sell. Less risk of returns.”
  • “Quality higher end frames due to profit margins and perceived better value.”
  • “Probably titaniums, specifically a Lindberg type, because they have such a wide array of products available.”
  • “Premium progressives, good profit margin.”
  • “Contact lenses. Presbyopes are very loyal when you can give them freedom from glasses.”
  • “Contact lenses. Here are my reasons: 1. Predictable revenue streams through subscription models. 2. Lower returns and exchanges due to their disposable nature. 3. Opportunity for loyalty programs and customer retention. 4. Wide appeal to a diverse customer base (young, old, active, or casual wearers).”
  • “Zeiss lenses, excellent pricing and very high success with lenses and coatings.”
  • “Varilux XR lenses because they are amazing and everyone adapts easily to them.”
  • “Specialty fits, i.e. XXL /Petite/accommodative bridges, to be distinguished as a specialty fitting shop.”
  • “Dry eye treatments.”
  • “Contacts, most people buy a year supply and we educate patients on different types of contacts and why they are prescribed. We’d provide sclerals too. Orders can be done over text.”
  • “Luxury, independent frame lines because of the quality, service, uniqueness, and story.”

When a trend takes off, how quickly do you respond?

The Big Survey 2024: Buying & Selling

What’s the worst thing you’ve ever had to tell a patient/customer?

  • “That we had to fire them as a patient due to their behavior and attitude toward our staff.”
  • “Asking about stolen product goes in the worst topic category for me.”
  • “We can’t solve this problem.”
  • “You will never recover vision back in that eye.”
  • “The worst thing I’ve ever had to tell a patient was that their condition had progressed to a point where their treatment options were limited, and the outcome might not be as positive as we had initially hoped. Delivering difficult news like that is always challenging.”
  • “They still won’t be able to drive.”
  • “That they have a choroidal melanoma and will probably lose the eye.”
  • “No refund for a pair of eyeglasses purchased for someone who had passed away previously.”
  • “They have a macula off retinal detachment.”

Firing patients, and telling them about disease or vision loss, insurance not covering service/materials, and broken/lost frames topped the list.

Please check the following issues patients/customers regularly ask you about:

The Big Survey 2024: Buying & Selling

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