fbpx

Optical Business Plan: From Vision to Profits with Membership Magic

December 21, 2024
Written by: Jordon Comstock

So, you’re dreaming of an optical business plan that doesn’t just survive but thrives? Great news: It’s totally doable! The secret lies in building a killer optical business plan that combines amazing patient experiences, quality products, and a smart approach to marketing and recurring revenue. Spoiler alert: Membership plans, ICP (ideal customer profile) mastery, and tech tools like BoomCloud™ and Weave™ are about to become your best friends.


Step 1: Deliver a Patient Experience That Wows

Imagine walking into a business where you’re greeted by name, treated like a VIP, and leave with something you actually love. That’s the kind of experience your patients need. Think about it—happy patients don’t just come back; they tell their friends, leave glowing reviews, and basically market your practice for free.

Here’s the playbook:

  • Personalized Care: Get to know your patients’ preferences. Love cats? Mention it.
  • Seamless Scheduling: Integrate tools like Weave™ to text appointment reminders and confirmations.
  • Post-Purchase Love: Follow up with patients after they pick up their glasses. A simple “How are they working for you?” goes a long way.

Step 2: Offer Quality Products Patients Brag About

Let’s face it—no one wants flimsy frames or lenses that feel like sandpaper on their eyes. Stock your shelves with products that make people feel good about what they’re wearing. Bonus points if they snap a selfie with your logo in the background!

Pro tip: Educate your patients on what sets your products apart. Think of yourself as the optical sommelier. (“These lenses reduce blue light, and they pair wonderfully with late-night Netflix binges.”)


Step 3: Understand Your ICP (Ideal Customer Profile)

Not every patient is your patient, and that’s okay! Focus on your ICP—those loyal, high-value customers who keep your practice thriving. Are they busy professionals? Retirees? Style-savvy teens? Whoever they are, cater to their specific needs with targeted marketing and tailored service.


Step 4: Launch and Scale a Patient Membership Plan

Now we’re getting to the good stuff. Membership plans are the secret sauce of a rock-solid optical business. Here’s why:

  • Recurring Revenue: Patients pay a monthly or annual fee, creating predictable cash flow.
  • Loyalty on Lock: Members are less likely to shop around and more likely to invest in upgrades.
  • Higher Spend: Membership patients spend 2-3x more than non-members.

Why BoomCloud™ Is the MVP

Managing a membership program sounds like a lot of work—until you meet BoomCloud™. With this tech marvel, you can:

  • Automate Billing: Say goodbye to chasing payments.
  • Track Metrics: MRR (monthly recurring revenue), ARR (annual recurring revenue), and patient churn are all in one dashboard.
  • Offer Seamless Signup: Patients can enroll online, in-office, or via text (thanks to BoomCloud + Weave integration).

Step 5: Tech Tools That Transform: BoomCloud™ + Weave™

When you pair BoomCloud™ with Weave™, it’s like peanut butter meeting jelly—a match made in heaven. Here’s why:

  • Weave’s Communication Power: Text reminders, patient reviews, and follow-ups all in one place.
  • BoomCloud’s Membership Muscle: Streamline your membership plan, automate renewals, and focus on growth.

Together, these tools free up your time so you can focus on what really matters: your patients and your profits.


Case Study: Pioneer Vision Group’s Membership Success

Let’s talk about Pioneer Vision Group, a practice that was tired of the rollercoaster revenue from insurance patients. They partnered with BoomCloud™ and built a thriving membership program. Here’s how it went down:

  • Active Members: 1,024 patients paying $45/month.
  • Monthly Recurring Revenue (MRR): $46,080.
  • Annual Recurring Revenue (ARR): $552,960.
  • Patient Spend: Membership patients outspent others by 3x, averaging $1,200/year.

How did they do it?

  • Tech Integration: BoomCloud™ handled the membership program, while Weave™ managed patient communications.
  • Targeted Marketing: They focused on their ICP—patients aged 35-65 who needed routine eye care and loved discounts on premium eyewear.
  • Exceptional Experience: From frame styling sessions to speedy follow-ups, they created an experience that patients couldn’t stop raving about.

Step 6: Market Like a Boss

Your marketing plan is the megaphone for your optical business. Here’s how to use it:

  1. SEO: Optimize your website for keywords like “affordable eye exams” or “designer frames near me.”
  2. PPC Ads: Target your ICP with Facebook and Google ads offering membership perks.
  3. Social Media: Post before-and-after shots of patients rocking their new frames.
  4. Direct Mail: Send membership offers to your local community.

Efficiency, Profitability, and Smiles All Around

By creating an optical business plan that prioritizes patient experience, quality products, and membership programs, you’ll not only improve efficiency but also skyrocket your revenue. With tools like BoomCloud™ and Weave™ in your corner, you’ll transform your practice into a recurring revenue powerhouse.

So, what are you waiting for? It’s time to ditch the inefficiencies, embrace the future, and build an optical business that’s the talk of the town. Let’s do this!

My Top Podcasts

Download "The Million Dollar Dental Membership Plan" E-book!

Learn tactics and strategies from practices that have built a million dollars in recurring revenue from their membership subscriptions alone! Creating a patient membership plan is the smartest strategy to implment in your practice. You will increase patient satisfaction & loyalty, Increase predictable recurring revenue & improve your case acceptence by 3X with members. Download the book Now!

Membership Plans For Optometrists

vision-membership-plan-ebook Learn tactics and strategies from practices that have built a million dollars in recurring revenue from their membership subscriptions alone! Creating a patient membership plan is the smartest strategy to implement in your practice. You will increase patient satisfaction & loyalty, Increase predictable recurring revenue & improve your case acceptence by 3X with members. Download the book Now!

What is BoomCloud™?

BoomCloud is a software platform that allows you to create, manage & grow your own membership program. Build unlimited plans, track recurring revenue, active members metrics. Integrate your online membership enrollment with your website & start growing recurring revenue. Schedule a demo!

Fire The PPOs With These Proven Strategies!

Discover how to break free from the grip of PPOs and transform your practice into a thriving, profitable business. Imagine better cash flow, higher profits, and stronger patient relationships. It’s not a dream – it’s a reality waiting for you.

Say goodbye to PPOs and hello to a thriving, independent dental practice. Don’t miss out – your journey to financial freedom starts here!

Watch a BoomCloud™ Demo

Power your patient membership program, Create recurring revenue, improve patient loyalty & maximize patient spend. 

Subscribe to Our Podcasts!

Jordon Comstock

Author Bio

Jordon Comstock is the Founder & CEO of BoomCloud™, a software that allows practice, clinic & spa owners to build, manage and scale a membership program. This helps practice & clinic owners to create recurring revenue & improve loyalty via membership programs. Jordon is passionate about Music, Hawaii, Healthcare businesses like: dentistry, optometry, med spas and massage spas. Schedule a demo of BoomCloud™ and learn how membership programs can improve your business. Here are more dental books to improve your practice

Calculate Your Potential

with BoomCloud™

Recurring Revenue Growth Calculator

Discover the revenue potential of your practice’s membership plans. This calculator helps you project growth by analyzing key factors like patient volume, plan pricing, and service utilization. See how implementing a custom plan can boost your bottom line.

Revenue Calculator

 PPO Loss Calculator – How Much are YOU Losing?

Calculate the hidden costs of relying on traditional PPO plans. Our PPO Loss Calculator reveals the revenue you could be missing out on and helps you strategize for greater profitability with a membership-based model.

PPO Loss Calculator