Maximizing Your PiP Membership to Slash Shipping Costs
As a valued member of the Partners in Profit (PiP) community, you’re already ahead of the curve in revolutionizing your practice’s operations and profitability. But are you leveraging every facet of your membership to its fullest potential, especially when it comes to minimizing shipping costs? The Consignment Model Advantage: Transitioning from traditional frame buying to […]
Overcoming One of Owner ODs’ Biggest Barriers to Increasing Their Practice’s Net Income
Overcoming One of Owner ODs’ Biggest Barriers to Increasing Their Practice’s Net Income “It’s how we’ve always done it.” “That feels like it’s going to take a lot of time.” “My staff aren’t going to like it.” The Dual Role of the OD Owner Private practice owner ODs carry a heavy load, constantly balancing the […]
70 pairs sold: An optical success story
In one month, our optical department sold 70 pairs of glasses to cash-paying customers. This success story isn’t a fairy tale, it’s fact. Like a lot of small optometric offices, we believed we couldn’t make much of a profit on optical. We assumed that most patients who have managed vision plans would shop around and […]
Frame Board Management: A New Normal
The optical industry flourishes because it dictates the rules of how frames are sold. Opticians purchase large inventories of product and hope to sell it. If the product does not sell, then it is returned for other product. This method greatly favors the eyeglass vendor. The optical owner, whether optometrist or optician, bears the risk […]
Innovation Fueling 18% COGS
Innovators love ideas and innovative optometrist love metrics, especially metrics that prove creative endeavors rewarding. One doctor, a fellow member of Partners In Profit (PIP), recently said: “I looked at our numbers and I was shocked. Our COGS were at 18%. 18%! We’ve never seen those kinds of numbers.” Those kinds of numbers are only possible […]