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Knowing where to place your bets can be a gamble when you hit the floor in Las Vegas. Luckily, we’ve got the rundown on the hot tips to help you hedge your Vision Expo bets, limit your longshots and score big with these sure things.

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HIGH ROLLER SUITE

These products didn’t come to play, they came to win, and you can bet they pay off big.

All-In

Made with Japanese titanium, the Gardin from GÖTTI SWITZERLAND brings high style and character to a simple look with a ’90s vibe. The Suites

$498

gotti.ch/en

Overlay

Striking and double-take worthy, the angular model CL40105 from THéLIOS is an oversized square that includes the brand’s signature dots on the temples. The Suites

$550

Spinner

Fully automated, but also available in a standalone, manual version, the Velocity Spin Coater from COBURN TECHNOLOGIES is an industrial, hard coating system that gives ECPs a way to transport lenses from Point A to Point B. The process includes a multi-stage precleaning system, a secondary cleaning system, coating and curing, with the lens returned to the job tray. Booth #LP6075

Price upon request

coburntechnologies.com

House Edge

From Wizard mode for novices to Professional mode for the optical vets out there, the compact and multifunctional LEXCE Trend from SANTINELLI now features an on-board auto-clamping 3D tracer, high-definition CAD Blocker (for multi-function shape editing) and drill hole imaging (optical tracing with hole detection). Booth #LP11087

Price upon request

santinelli.com

Gold Standard

Designed by Shane Baum and featuring polarized CR-39 lenses with hydrophobic coating and a proprietary 12-layer anti-reflective UGR12 coating, the LEISURE SOCIETY model Oceanic (LS 121) in black with 24K gold will raise the bar for your offerings. The Suites

$1,200

leisure-society.com

 

POKER ROOM

No risk, no reward. With the eternal battle for the big pots becoming harder and harder, having these products in hand could mean doubling up on your buy-in fast.

Exotic Bet

CHRISTIAN ROTH’s Iconic Series-4001, in collaboration with Stephanie Pfriender Stylander, brings back the era-defining images of Kate Moss in Series-4001 from 1992. This style is handmade acetate with exclusive wire core. The Suites

$350

christianroth.com

A Dime

The model Studio 10.1, from MYKITA’s Studio 10 collection, flies like a butterfly with beveled edges and defined lenses. This combination frame is made from stainless steel and acetate. The Suites

$675

mykita.com

On the Lam

In keeping with the idea that Derek Lam designs reflect “luxury without formality,” the optical model 295 from the Fall/Winter 2019 collection is an 18K gold-plated, stainless steel and acetate frame with silicone covers on the nose pads. It is shown here in green mélange. Booth #19057

$450

modo.com

Payline

The ClearChart 4X Enhanced Digital Acuity System, shown here, and ClearChart 4P Polarized Digital Acuity System, both from REICHERT, now contain LEA SYMBOLS and LEA NUMBERS, which, as the standard in pediatric acuity testing, are easier for children to identify. With a software update, these are compatible with the company’s Phoroptor VRx Digital Refraction System and SightChek Digital Phoroptor. Booth #MS9043

Price upon request

reichert.com

G-Play

The official sunglass for Manchester United players and coaches, the MAUI JIM Compass is a modified aviator with dual mirror lenses. The left temple tip includes the Manchester United signature devil, and the left lens includes “MAN UTD” up top. The Palazzo, Suite #35-212

$349

mauijim.com

 

TABLE GAMES

This is where most of the action is; the bread and butter plays, if you will. These products are sure to grind out wows day after day. ECPs can crack the nut fast with these picks quickly becoming best sellers.

Color Up

The DJ5013 from Reese Witherspoon’s DRAPER JAMES is an acetate combination frame with an attention-getting stripe detail. The frame also includes the brand’s signature magnolia on the temple tip. Booth #16065

$187

altaireyewear.com

Jackpot

The square-shaped Floyd (6458/9) from GIGI BARCELONA is made with high-quality acetate and CR39 lenses.

$249

gigibarcelona.com

In on the Action

REVO returns to its roots with its double-layered, NASA-based lens technology and 1985-themed packaging. The Dexter is a large square wrap style with elastomeric nose pads, temple tips and lining. Booth #16087

$249

revo.com

Hot Streak

Named after the Florida beach town of the same name, the Flagler, from COSTA, is a masculine Monel frame with acetate temples. Booth #20065

Starting at $209

b2b.costadelmar.com

Eye in the Sky

Show patients what they need to know about the level of UV protection they’re actually getting with the C-UVProtect, from ZEISS. Lenses that offer a higher level of UV protection will appear dark if they block UV according to the World Health Organization standard of 400nm. However, lenses that offer less UV protection will have a clearer look. Booth #LP8065

$495 (VEW Special)

zeiss.com

 

PENNY SLOTS

Whether you’re a fish or a whale, you don’t need to make bank to get down with these business boosters.

Overlay

Keep those glasses in place with the model Brooks, from KOMONO (shown here on the frame model Jessie). This chunky acrylic cord has adjustable rubber grips.

$19

komono.com

Load Up

Help your patients protect their glasses while boosting your biz. The Buy the Glasses cases (item ST-BTG) from RON’S OPTICAL come in four color schemes and can be ordered in sets of eight or 24 pieces. Booth #21087

$6

ronsoptical.com

Natural

Offering protection from UV blue light, the DHA-rich formula of ProDHA Eye, from NORDIC NATURALS, encourages normal tear production as it preserves retinal and macular health. Booth #MS2059

$49.95

nordicnaturals.com

Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at editor@invisionmag.com.

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Jump In — the Water’s Fine!

With a salute to summer’s shimmery, mermaid colors and warm weather-loving shades, Kenmark Eyewear celebrates this summer’s Aloha spirit with eyewear from Vera Wang, Kensie, Zac Posen and the Original Penguin Collection!

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2020 Vision

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The coming year has “eyecare” written all over it. But what changes can we expect to see in eyecare and eyewear as we enter a new year and a new decade? We asked more than 20 industry experts which major trends they expect to make themselves felt in the coming year and beyond. Their responses can make for scary reading at times — few independent ECPs leap for joy when they hear talk of “retail homogenization,” “online refraction” and “eroding margins.” But the way we see it, the real takeaway here is about silver linings and crises turned into opportunities. They say to be forewarned is to be forearmed. Check out the eight currents in the optical and optometric industry discussed in the following pages, and arm yourself for a new year—and a new era—in eyecare.

1. VERTICAL INTEGRATION

Among the industry experts INVISION spoke to for this article, the consensus is clear; the vertical integration that has been evident at all levels of the optical and optometry industry in recent years, from the Essilor/Luxottica merger to the private equity-fueled acquisition of independent practices, will only accelerate in 2020.

According to Evan Engel, vice president for sales and marketing at EyeCarePro, a digital marketing firm for eyecare businesses, “The financial incentive for the Essilors and VSPs of the world to own practices and push their products through their own practices will change the landscape, much like private pharmacies are virtually gone, replaced with CVS/Walgreens.” Mark Hinton, founder of advisory firm eYeFacilitate, puts a hard figure on the financial incentive described above by Engel, saying acquisitions can only grow as “venture capital execs will continue to show investors a 20-plus-percent gain” on acquisitions of eyecare practices.

Matt DiBlasi, president of Abyde, a HIPAA-compliance software provider, named the emergence of private equity within optometry as his top trend to watch. “It’s here and it’s here to stay,” he told us. “Will the independent OD thrive or eventually cave to the more recent trend of offloading business functions through the process of acquisition?”
The most obvious effect of this process is homogenization; as small businesses sell out to join large groups, eyecare is at risk of looking the same everywhere, something that, according to Jennifer Lyerly, OD, co-founder of Defocus Media, “weakens our chance to personally connect optometry’s message with patients.” As the current generation of eyecare’s most prominent leaders sells to private equity, she says, “We need to find and embrace new leaders in the profession who are innovating independent paths forward.”

According to business development expert Michael Karlsrud of the Karlsrud Company, the consolidation of the private ECP market will be focused on larger population areas, or where multiple office locations exist. This is significant, he says, as many frame and lens companies, along with their sales teams, are going to be at risk as decision-making and purchasing will become centralized to maximize purchasing power. “We may experience a loss of jobs in the overall market, and organizations will certainly have to regroup as their ‘A’ accounts are picked off.”

Other eyecare pundits are drawing similarly interesting conclusions. Richard Frankel, OD, of Atlantic Cape Eyecare in Wildwood, NJ, and founder of #emergingtrends on ODs on Facebook, says the acquisitions of VisionWorks by VSP, and FourEyes by Luxottica, point to “the growing segment of the eyecare market in the value-based segment as pioneered by America’s Best.” In addition, he says, “expect the VCPs [vision care plans] owned by those corporations to funnel more of their beneficiaries to them for added synergy.”

Louis Fullagar, creative director at SpexAddict, a digital marketing firm specializing in the eyewear industry, and founder of the online magazine Luxury Eyewear Forum, sees a lot of retirements on the horizon. This will in turn create a real opportunity for independents to separate themselves from the herd, he says. “I see growth in the area happening already but I think there will be more pressure to differentiate in the changing market profile over the next year. It will be ‘decision time’ for many owners to either sellout or step it up!”

Echoing this is Bart Foster, managing director of Colorado-based Sanitas Advisors, who says that while, sure, it can be a scary thing to see, the continued vertical integration of the industry can be an opportunity for those ECPs who recognize it, helping to open up space for smaller companies and niche brands.

James Armstrong of Alberta Eyecare in Portland, OR, made this bold call on an acquisition that’s barely three months old: “VSP abandons VisionWorks after massive revenue losses.”

2. TELE-OPTOMETRY HAS LANDED!

Industry observers have been warning for years that it’s just a matter of time until online refraction becomes something optometric practices will have to take seriously. Well, if our experts are to be believed, that time is upon us, with 2020, as Texas State Optical president John Marvin puts it, likely to be the year that “tele-optometry will go mainstream and be adopted by large groups.”

As far as telemedicine in general goes, Michael Kling, OD/owner at Invision Optometry in San Diego, CA, sees a familiar pattern. “It’s real and it’s coming. Not just to service the under-served, rural areas of the country, but also to meet the increasing demand for convenience and efficiency. Disruption occurs when a new market is created, first by appealing to a niche market, then by becoming mainstream. Just like we’ll soon be hailing driver-less automobiles to get to work, we’ll soon see a completely virtual healthcare delivery system emerge.” It’s an idea expressed succinctly by Peggy Gartin, founder/CEO of The Social Eye, a social media agency for optical businesses, who says that the pressure is on to make online exams a reality, “because some people just don’t want to go to the doctor.”

Foster of Sanitas Advisors not only agrees that the trend is real, he embraces it. “Telehealth — soon to be called just health — and online refractions will finally gain a foothold and enable eyecare providers to offer better access with fewer costs.

Karlsrud, while agreeing that acceptance of online exams is on the way, isn’t sold on the idea that 2020 will be the year US consumers fully buy in. “We are in the third inning of the ballgame. When online refraction becomes perfected and accepted overseas, it will be more accepted in the US. When that happens, look for the consumer to take more control of their healthcare and make decisions based on their own consumer ‘needs,’ i.e. fashion, flexibility, cost, utility measures, versus eye health and other benefits of a healthy eye exam.”

The question ECPs should be asking themselves, according to Lauretta Justin, OD, owner of Millennium Eye Center and founder of Optometry Divas in Orlando, FL, is no longer really about whether telemedicine is coming, or even how to incorporate it into their practices, but how to ensure it best serves eye health. “If we get involved and find ways to incorporate its use in our practices, I believe we can help steer it in the right direction,” she says. Lyerly takes a similar view. “We have to find a way to use it ethically or risk being left behind,” she says. “Primary care doctors are already using telemedicine to prescribe antibiotics for ‘pinkeye’ — even though we know most acute conjunctivitis is viral and doesn’t need antibiotics. Can we ethically employ telemedicine to meet the convenience our patients want, without sacrificing proper care and contributing to antibiotic resistances? If optometry can find the path forward that balances these concerns, our profession will be stronger for it. The pioneers that will bring us into the future are out there right now embracing the challenge.”

3. DECLINING ENROLLMENT, CORPORATE RECRUITMENT

One topic that our experts will be looking carefully at over the next year is the perhaps too-seldom discussed subject of the state of education for aspiring optometrists and opticians.

Sadly, Hinton expects opticianry colleges will continue to see a drop in enrollment as optical salaries present a lower income opportunity than other trades. As for ODs, graduates will flock towards corporate stores instead of private practice, says Karlsrud. “Their debt load will be very high and the risk too great not to seek the shelter of a larger organization — particularly in a market that is shifting rapidly,” he says, with the end result being less options for retiring doctors in smaller markets to have an exit strategy. “In the end, this could mean few choices for care in small markets, forcing the patients to drive to larger communities, or for the younger demographic to hit online options,” he adds.

EyeCoach’s Bell offered the glum prediction that schools and colleges of optometry “will continue to do a disservice to their students by not offering any classes in how to run/manage a profitable practice/business or making the following classes mandatory in undergraduate studies as a criteria in being accepted into optometry school: Entrepreneurship, Business Finance/Accounting, Sales & Marketing, Human Resources, Inventory Control, etc., etc., all the while as students accumulate crushing debt from their student loans which average around $200,000.” Because of this, he warns, independent optometry will see a further drop in capture rates and big box stores and online retailers will continue to see growth “as independent optometry continues its death knell.”

4. MYOPIA AND EYE HEALTH AWARENESS

An increase in myopia cases, heightened public awareness of the importance of eye exams, growing government regulations, gene therapy and more are all on our experts’ radar for 2020.

Look for eyecare practices to expand their scope of practice, predicts Foster, “speeding up new treatments and product opportunities — for example auditory, cognition, genetic testing and eye health.”

American Optometric Association president Barbara Horn, OD, says 2020 will be the year of the eye exam, thanks in no small part to AOA’s #2020EyeExam campaign to drive awareness of the importance of making a comprehensive eye exam part of every American’s annual health care routine. “We are reaching out to employers across the country, enlisting their support and commitment to foster awareness of the importance of eye health and vision care and the overall health benefits of in-person, comprehensive eye examinations,” she told INVISION.

Kristan Gross, global executive director of the Vision Impact Institute, agrees that vision health will become part of the wider public health conversation. With the release of two new reports on the state of vision around the world, the topic of vision is already being elevated to the public health stage, she says, citing the World Health Organization’s World Report on Vision, which highlights the magnitude of the problem of poor vision, and a study by Essilor International on the global scale of uncorrected poor vision. Gross also expects the link between children’s vision and learning to continue to be on the radar of policymakers, adding that in several states this conversation has already resulted in policy change when it comes to children’s vision exam policies. She predicts that more states will introduce legislation in 2020.
The topics of children’s vision and eyecare-related legislation are also on the mind of Armstrong at Alberta Eyecare, who expects the coming year to bring both growth in pediatric-specific optometry practices and new laws in almost all 50 states regulating online eye exams.

Frankel expects 2020 will show us even more evidence of optometry’s potential to integrate with mainstream medicine. “The future of optometry lies in providing professional services and integrating within the tapestry of medicine,” he says. “We are no longer going to be isolated but have the ability to coordinate with a patient’s total healthcare.”

Continuing the pediatric theme, Foster predicts that the massive increase in myopia, especially in children, will change the standard of care and open opportunities for new treatments and service models. He expects genetic testing and gene therapy will be used for early detection and diagnosis of eyecare diseases and, intriguingly, that contact lenses will be used for drug delivery.

Jaclyn Garlich, OD, founder of the 20/20 Glance weekly email for optometrists, is keeping her fingers crossed for possible FDA approval for myopia control. “Eyenovia is working on a drop called Micropine. If approved, Eyenovia will have the first microdosed treatment for progressive myopia in the US. Plus their eyedropper bottle is innovative and is designed to have better drug delivery to the eye. This could be the eyedropper of the future,” she says. Also on her radar are developments in meibography. “As the number of dry eye disease patients continues to increase, so do our diagnostic and treatment options. I think meibographers are going to become one piece of equipment primary care optometrists can’t live without,” she predicts.

 

OUR EXPERTS

 

5. THE RISE (AND RISE) OF MANAGED CARE

In a process inextricably linked to the vertical integration of the industry, managed care is taking over a large portion of the vision plan sector. None of our experts expects this to change any time soon.

You might be thinking this is one trend you can sit out as in independent. Not so, says Karlsrud. “Not only will [managed care] become closer to the consumer by completing the vertical integration of the supply chain, [it] will put pressure on independent ECPs to accept less reimbursements for customary charges and services,” he says. The result will be more patients being driven to corporate owned practices where benefits can be maximized, with the remaining independents forced to either change their business model, or move into a “cash only” practice. “Count on more direct marketing to patients to move them to online stores owned by the larger consolidators,” he says.

“The era of fee for service,” says Atlantic Cape Eyecare’s Frankel, “is drawing to a close.” With the Department of Health and Human Services having declared that 90 percent of Medicare beneficiaries be covered under programs that have quality based outcomes, MSSPs and Medicare Advantage programs are increasing in popularity. “ACOs will continue to become more popular with commercial carriers as a means to control costs. The panels that have been proven to reduce Medicare costs are being used for the commercial plans. Optometry cannot be closed out of providing medical eyecare as a result. Nor can routine eyecare be subcontracted out to VCPs.”

Foster warns ECPs that they should expect to see a dramatic shift in the control of managed vision care in the direction of employers and consumers.
Robert Bell, sales strategist and founder of EyeCoach, a sales and marketing practice, offers this frank assessment: “Optometrists will continue to bitch and moan about new policies of vision care plan companies that are only beneficial to these companies but not to the ODs who accept the plans. Yet, most ODs will not formulate any strategies to leave these plans and the profitability of their practices will continue to dwindle.”

6. THE SEARCH FOR A NEW BUSINESS MODEL GOES ON

Hand in glove with changing consumption patterns comes the eternal quest for the perfect business model. The complexity of the optical and optometric industry makes the challenge posed by online retail especially formidable for ECPs.

Louis Fullagar at SpexAddict, a social media, brand building and digital marketing company working in the eyewear industry, foresees a growth in practices getting their game on in terms of marketing, social media and branding in 2020. “There is a massive opportunity for every independent to at least take a step into that space,” he says. “We are now past the point of the blinkered approach to attracting customers. I am starting to see more practices and owners who are willing to at least try new ways and budget their marketing activity accordingly.”

The goal of such efforts, according to Kling, should be to reduce “retail friction”. “It’s important for businesses to challenge their processes of delivering goods and services, and to find ways to lessen any barrier to the consumer to complete the transaction. Any step in the purchasing process that requires cognitive hesitation creates doubt, and lessens the likelihood of the transaction being completed.” In other words, if you have to stop and think about a purchase, you’re less likely to follow through with it. “Poor customer service, delays in shipping/delivery, a poor shopping environment and poor reviews are all examples of retail friction.”

The most interesting emerging model, according to The Social Eye’s Gartin, is what she calls “DIY optical.” In her view, eyewear customers are unhappy with the price, complexity and restricted selection of the current buying experience. “This is why Warby Parker got so big. Customers are going to source their frames from wherever they can… As long as they bring those frames in to get their prescription lenses from an optometrist/optician, we should support this freedom to choose.”

Hinton at eYeFacilitate says capture from handoff to optical will continue to fall as consumers are influenced by advertised lower cost pricing. “The opportunity is to obtain lower cost, high quality progressive lenses from lab partners and stock SV lenses, both with AR included and frame included; the PAL with frame will cost the consumer between $350 and $389 depending on market saturation.” He advises ODs to write prescriptions for SV and PAL and send opticians to the low-cost providers to mystery shop the average cost of each.

In general, says Todd Berberian, owner of Todd Rogers Eyewear in Andover, MA — the winner of INVISION’s 2018 America’s Finest Optical Retailers competition — too many owners feel obliged to follow industry rules when, after all, “The rules don’t follow us. The only competition that exists should be within your practice’s own four walls; don’t worry about the choices being made by the practice across the street.”

7. CHANGING CONSUMER BEHAVIORS

What separates the future of optical retail from its past? Choice. The consumer/patient seemingly has a world of options available online. As prices stagnate and margins vanish, business owners need to adjust.

Explains Foster: “Online sales will continue to grow with new subscription models taking hold and improvements in virtual try-on technology.” The result? “Downward pressure on pricing will force margin erosion.” Karlsrud agrees, pointing out that there is already a perception in the consumer market that glasses cost as much as 10-15 times higher in a private practice versus online stores. “This will continue to drive the perception that glasses are commodities and can be bought anywhere for the price they want to pay,” he says. “We’ll see this more with the younger generations moving through our offices. The older generations will continue to pay for peace of mind and a relationship with their doctors. We’re all getting older, so now is the time to be preparing for the next generation’s expectations of price, value and convenience.”

Michael Vitale, ABOM, senior technical director at The Vision Council, stresses the opportunity this trend creates. For the discerning patient, he says, the interest you create online can be used to drive the consumer to a brick and mortar location.

“Retail bifurcation” is the term Kling from Invision Optometry uses. “We will continue to see a bifurcation in consumer behavior with, on one extreme, the low-cost-driven providers, and on the other, further expansion of luxury brands and a focus on delivering a unique experience. What will contract is the middle; that is, those that try to be all things to all people, delivering tired eyewear in uninspired environments.”

8. A WOMAN’S WORLD

Here’s an area where we at INVISION think we may even be a step ahead of our own experts. According to our “Big Survey” (check it out at invisionmag.com or in our November/December print issue) 56 percent of responding ODs were women. So while the trend of women gravitating to optometry is well and truly established, a number of the industry observers we spoke to singled it out as one that will continue to be felt in the coming years, with significant numbers of young women seeing a future for themselves in the industry.

In particular, Dr. Lauretta Justin told us to look out for an increase in the number of young women ODs going into private practice, not as solo owners but as partners or groups, which she said will increase the likelihood of success and work-life satisfaction for this new generation of ODs. She also expects an increase in the number of women ODs forming startups with innovative products, and founding companies and networks “to disrupt the status quo and usher in a new era in optometry.” Says Justin, “Many of my colleagues have already launched startup companies that are changing the way we practice. Their companies have various unique offerings such as competitive profitable frame lines, more efficient ways to order contact lenses and capital funding for optometrists by optometrists. It’s an exciting time.”

Marvin of Texas State Optical agrees: “Optometry, as a profession will grow in appeal to females who see practicing as an employment opportunity.”

MORE TRENDS TO LOOK OUT FOR…

• “Virtual reality visual field testing! A company called Virtual Field has a portable visual field tester with audio instructions in your patients’ native language. It’s a great option with a small footprint for patients that have trouble with conventional visual field testing.” Jaclyn Garlich, OD, founder 20/20Glance, Boston, MA
• “Women will continue to fight stigmas about glasses. In November, a story broke about the policies of some Japanese companies banning women from wearing glasses on the job. When poor vision and blindness affect a disproportionately larger portion of females this is clearly a problem. We predict more stories like this.” Kristan Gross, Global Executive Director, Vision Impact Institute, Dallas, TX
• “1. Metals, metals and metals. 2. Ingenuity. You don’t have to spend titanium prices to get first quality metal.” Todd Berberian, Todd Rogers, Andover, MA
• “Divas of an advanced age are starting to come into their own and they all wear glasses. Expect more silver sisters to push the boundaries of eyewear style.” Peggy Gartin, Founder & CEO The Social Eye, San Diego, CA
• “In lenses, the continued development of filters to block specific wavelengths. Be it for color blindness, HEV or enhanced color contrast. Also, developments in “freeform” designed lenses. Not just progressives but also to improve visual acuity for single vision wearers.” Michael Vitale, ABOM, Senior Technical Director & Lens Division Liaison, The Vision Council, Alexandria, VA
• “Private label contact lenses will become a sizable part of the market.” Bart Foster, Managing Director, Sanitas Advisors, Boulder, CO
• “Additive and micro manufacturing — specifically 3D printing of lenses and frames — will become mainstream. Bart Foster, Managing Director, Sanitas Advisors, Boulder, CO
• “Value-based care, a continued migration from pay-for-service to pay-for-outcomes.” Matt DiBlasi, president ABYDE, Clearwater, FL
• “Augmented and virtual reality powered smart glasses, change the way eyewear is used and worn.” Bart Foster, Managing Director, Sanitas Advisors, Boulder, CO
• “1. More gender fluidity. 2. Functional art pieces. 3. Flashbacks to fashions from popular eras.” Arian Fartash, OD, The GlamOptometrist, Orange County, CA
• “There’s a lot coming up for Think About Your Eyes. From new concepts to campaigns kicking off in conjunction with movie releases. Look out April 2020! It will be an exciting year.” Ashley Mills, CEO The Vision Council, Alexandria, VA
•  “Differentiate. Do everything different than your competition. In the optical, find frame lines that no one else has, offer speedy service or home delivery to set yourself apart. Dave Ziegler, OD, Ziegler Leffingwell Eyecare, New Berlin, WI

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Here’s How Eyecare Pros Are Spending Their Advertising Budgets

The pie is getting sliced ever more finely.

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IN INVISION’S FIRST annual Big Survey, we asked more than 500 ECPs which medium accounts for the biggest chunk of their ad and marketing spending. Print is still on top, but the marketing budget pie is getting sliced ever more finely — and nearly 1 in 5 ECPs claim to be passing on the plate all together.

Which gets the largest portion of your marketing budget?

Print
13%
Community events (including sponsorships)
12%
Direct mail
10%
Other social media marketing
8%
Paid search (PPC, Google Ads, etc.)
7%
Facebook
7%
Email marketing
7%
Radio
5%
SEO
5%
Television
2%
Billboards
2%
Other
3%
Don’t advertise
19%

 

Looking at the above results, it’s seems likely the 19 percent of ECPs who said they don’t advertise are relying on word of mouth to sustain their business. Still, it appears to pay to be more active: 25 percent of the ECPs who told the Big Survey the last two years had been their worst ever also don’t advertise. That compares to just 14 percent of those who said those years had been their best ever. Also worth considering: In a separate question, we asked ECPs to name the most significant thing they were doing to drive sales five years ago that they’ve stopped doing. The top answer? You guessed it—advertising in traditional media. Check out the survey to see how your spending fits in to this complex picture.

The 2019 Big Survey was conducted from August to October and attracted responses from more than 500 American ECPs. Look out for the full results in the November/December issue of INVISION.

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Best of Eyecare

The Big Survey 2019 – The Basics

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THE BIG SURVEY 2019

Who is the American ECP? How does he or she do business? What are the main challenges they face? Our inaugural Big Survey set out to find the answers and 505 owners and managers of American vision businesses answered our call. Here are the results.

The Basics

We find it’s always best to start at the beginning … the basic stuff that makes up so much of your business’ identity. The Who, What, How and Where are all here; we’ll get into the fun stuff — like how much and what’s selling ­— later on.

1. Need to swing on chandeliers? Head to Missouri: 60 percent of stores have these fixtures.
2. They don’t take kindly to strangers asking questions in South Dakota. It, along with Louisiana and New Mexico, were the only states not to be represented in our survey.
3. Michigan ECPs are some of the hardest working in the industry: 25 percent work more than 50 hours a week.
4. Eyewear trend capital? That might just be New York where 21 percent of ECPs thought of themselves as being primarily in the fashion business (as opposed to health or retail), the highest level in the land.
5. Move over Austin. Connecticut was tops for self-declared weirdness with ECPs there giving themselves an average score of 8.2 out of 10 on our oddball scale.
6. Ohio ECPs have been listening to our sales experts – 44 percent use role-playing in training staff.
7. Florida had the most male owners and managers in our survey at 76 percent. Washington state had the most female owners at 86 percent.
8. Is there something in the water in the Midwest? ECPs in a band of states from Illinois to Ohio to Missouri were the happiest vision professionals (along with their cousins in NJ), with half or more (50-57%) ranking themselves 9 or higher out of 10 for professional satisfaction.
9. North Carolina vision businesses have among the highest turnover rates in the country, with 72 percent saying their staff stay less than 4 years.
10. Californian ECPs were the least likely to own their places of business with 82 percent renting. Must have been those pesky legal limitations…
11. Kansans were most likely to be open on Sunday with one in four stores and practices open on this traditional “rest” day.

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1. How many locations does your business have?

One
74%
Two
13%
Three to five
8%
Six or more
5%

2. Please indicate the type of location that houses your store:

Free-standing building
43%
A strip mall
22%
Business park or office building
16%
Downtown storefront
9%
Lifestyle center
3%
In a hospital/medical wing/health center
3%
The Internet
1%
Mobile practice
1%
A mall
1%
Other
2%

3. Do you own or rent your business property?

Own
39%
Rent
62%
NA (For online and mobile only businesses)
2%
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4. How well are things going in your business this year?

COMMENT: As our heat map shows, there’s very little to be blue about for an ECP right now. Note that white indicates states with statistically invalid responses. Figures in parentheses represent the number of survey responses.

5. How would you describe the market where your store is located?

Large city
15%
Medium-sized city (250,000-1 million people)
24%
Small city (25,000 to 250,000)
29%
Country town (up to 25,000)
13%
Resort area
1%
Other
1%

6. How long has your business been in operation?

COMMENT: Businesses that have been in operation for 11-20 years seem to be this survey’s sweet spot. Not only did they slightly edge out other lengths of time in business, as seen above, but those in business for that long also reported the highest proportion of revenue between $500K-$1.5M (50%).
Wondering what the rest of this group’s demos looked like? Well, 59 percent classified themselves as a private practice with a strong focus on retail, 49 percent were in the South and 39 percent operated out of a freestanding building in a small city or suburb. Forty-five percent of owners in business for that long reported salaries over $100,000 and, best of all, the majority reported their satisfaction with their professional life at an 8 or higher (66%).

7. Which description of your business do you most closely identify with?

Hospital or VA setting
1%
Medical model private practice, no retail
1%
Medical model private practice, small dispensarybuilding
22%
Private practice, strong focus on retail
53%
Corporate optometry location
3%
Eyewear boutique, employed or leased OD
10%
Eyewear boutique, no OD
9%
Mobile optician
1%

8. How big is your (main) location?

Less than 500 sq. ft.
4%
500-999 sq. ft.
10%
1,000-1,499 sq. ft.
24%
1,500-1,999 sq. ft.
17%
2,000-2,499 sq. ft.
15%
2,500-2,999 sq. ft.
11%
3,000-3,999 sq. ft.
8%
4,000-5,000 sq. ft.
6%
More than 5,000 sq. ft.
5%

9. Check the paid services you offer:

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