Practice Advantage

Recession-Proof Your Profitability with Private Label with Doug Martin


Listen Later

In today's episode, I sit down with Doug Martin, founder of InD Eyewear, a private label frame line exclusive to PECAA members. Every day consumers purchase private label products and goods. Offering these types of products to your patients dramatically impacts your practices profitability while delivering a product your patients will love. 

Key Takeaways:

  1. 4/10 consumers embrace private label AND 9/10 consumers will purchase private label products and goods.
  2. Private label reduces cost by lowering the amount companies need to invest in marketing, merchandising, and branding. This means lower costs and higher margins to your patients.
  3. Private label no longer means low cost and low quality. Most patients are not brand conscious especially when it comes to eyewear.
  4. Private label is a proven success in other industries, it will work in optometry. It dramatically works to improve margins with managed vision care.
  5. The primary avenues for private label:
    1. Patients only want what their insurance covers
    2. Long margin play
    3. Saving walking Rx's by creating packages

What Doug is Reading:

  • The First Major by John Feinstein

Learn more about InD Eyewear and how to leverage the power of Private Label in your own practice!

...more
View all episodesView all episodes
Download on the App Store

Practice AdvantageBy Dr. Justin Manning

  • 5
  • 5
  • 5
  • 5
  • 5

5

13 ratings


More shows like Practice Advantage

View all
Power Hour Optometry by The Power Practice

Power Hour Optometry

77 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,712 Listeners

Defocus Media Eyecare and Optometry Podcast Network by Defocus Media Eyecare and Optometry Podcast Network

Defocus Media Eyecare and Optometry Podcast Network

57 Listeners

The Daily by The New York Times

The Daily

111,088 Listeners

Try Not To Blink by Roya Habibi OD & Sheila Morrison OD

Try Not To Blink

63 Listeners

20/20 MONEY by Adam Cmejla

20/20 MONEY

79 Listeners

EyeCode Media by Christopher Wolfe, OD, FAAO, Dipl. ABO

EyeCode Media

101 Listeners

The MOD Pod by Modern Optometry

The MOD Pod

5 Listeners

Optometry: The Ultimate O.D. by Optometry: The Ultimate O.D. Podcast

Optometry: The Ultimate O.D.

17 Listeners

Optometric Insights Media by Dr. Dave Kading & Dr. Mile Brujic

Optometric Insights Media

20 Listeners

The Weekly Show with Jon Stewart by Comedy Central

The Weekly Show with Jon Stewart

10,663 Listeners

The Optometry Money Podcast by Evon Mendrin CFP®, CSLP®

The Optometry Money Podcast

13 Listeners

EYE OWN A BUSINESS by IDOC

EYE OWN A BUSINESS

18 Listeners

Optometrists Building Empires by Ankit Patel

Optometrists Building Empires

5 Listeners