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Optovision is a unique Buying Group collective for
independent optometrists that was founded and
established by StrategyCo in conjunction with a
number of independent optometrists – who were
dissatisfied with the current buying groups in their
market.
The
everyday purchase items for Optometrists are
spectacle frames, lenses and contact lenses – and
Optovision’s focus is on negotiating
industry-beating discounts with a range of frame
distributors and lens manufacturers.
Having
devised a model that rewarded each member for every
dollar spent, StrategyCo went about recruiting all
the members – and managed to bring together a
membership group of 350 practices over a six month
period via a well-targeted Direct Mail campaign.
In
addition, the model offered to optometrists allowed
those joining the group to earn shares in the
holding company based on their buying patterns and
amounts spent with suppliers. Thus Optovision works
as much as a loyalty program for suppliers as it
does a money saving vehicle for members – a genuine
win-win!
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