Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Misc

 

Warby Parker Prescription Eyeglasses Online Retailer Profiled

Mar 27 2014, 5:13am CDT | by

6 Updates
Warby Parker Prescription Eyeglasses Online Retailer Profiled
Warby Parker
 
 

YouTube Videos Tweets Comments

Full Story

Warby Parker Prescription Eyeglasses Online Retailer Profiled

Warby Parker sells prescription eyeglasses online. And they’re widely considered a successful startup. But why, exactly?

What’s the secret to Warby Parker’s positive public image and rapid growth?

Despite a general feeling that they’re an innovative company, their products don’t seem to embody invention. And despite a public sense that they’re a design-oriented company, most of their product designs are based on classic styles.

Warby Parker’s secret is that they’re very good at something that most companies—probably yours—should try harder to master: Removing barriers to purchase.

Sometimes the key to driving sales and growth isn’t inventing a better mousetrap. It’s figuring out why some people don’t buy your mousetrap and removing those barriers.

How Warby Parker Removes Barriers
Here’s how to drive sales—the Warby Parker way.

Barrier: Getting glasses is a hassle.

Sell glasses over the Internet. Create an online store with plenty of options—but not an overwhelming selection—and let people order them as conveniently as ordering a book on Amazon. (Although online glasses sales is something of a novelty in the United States, companies such as Glasses Direct have been doing it in the UK for a decade.)

Barrier: You can’t try on glasses over the Internet.

Let people pick five pairs to try on, then ship them free. At home, customers can try them on, then ship them all back—again, with free shipping. If they like a pair, they simply select them on the Web site.

Barrier: Glasses require a prescription.

Have the customer get an eye exam at a local optometrist’s office, then scan the prescription. If customers don’t have a scanner, they can hand-enter the information. If they don’t want to do that, they can provide the name of the optometrist and Warby Parker will contact them.

Barrier: Prescriptions can be incomplete.

Build online ways to get around the problem. For example, if an optometrist office forgets to include pupillary distance, the company sends email linking to this page , which lets customers use a webcam to take the measurement themselves, using a standard-size credit card for scale. (This happened to me when I ordered glasses from Warby Parker.)

Barrier: Designer glasses are too expensive. The main reason is a shocking lack of competition in the space. A single company owns nearly all major glasses companies in the United States, from manufacturing to distribution to retail. These include Lenscrafters, Pearle Vision, Oliver Peoples, and Sunglass Hut. It owns Ray Bans and Oakley. And it manufactures glasses for many major luxury brands, including Burbury, Chanel, Prada, Prada, Ralph Lauren, and Tiffany.

Sell glasses at very low cost by competing with Luxottica at every level—manufacturing, distribution and retail—then pass the savings on to customers.

Barrier: Glasses aren’t given as gifts.

Offer gift cards that equal the price of a pair of glasses.

Barrier: Designer glasses are seen as an extravagant luxury item.

Give away one pair to a needy person for each pair purchases by a customer.

Barrier: Online stores lack an urban brick-and-mortar retail presence.

Open brick-and-mortar stores in select locations.

Barrier: The glasses business is highly complex, characterized by hundreds of designs and sometimes highly complex prescriptions.

Keep it simple, with only a few dozen designs. Make them cool, and don’t offer the most complex prescriptions. Try to satisfy most customers, but keep it simple by not trying to satisfy everyone.

The Bottom Line
Ultimately, the company tries to simplify every action that’s hard—requires a lot of time, work, thought or effort by prospective customers.

The point is that you don’t need to invent a better mousetrap in order to innovate in the mousetrap business. It’s more important to figure out why people don’t buy mousetraps, then remove the barriers that prevent them from doing so.

At least, it works for Warby Parker. And it will work for just about any company.

Do you see? Weigh in with a comment below, and follow Mike Elgan (Google+) @MikeElgan (Twitter).


Full disclosure: As well as writing for Forbes NetAppVoice and other publications, I also host the daily Tech News Today show on the TWiT Network. Warby Parker is an advertiser on some TWiT shows, but I was not compensated monetarily or in kind for writing this article by WP or TWiT.

Image credit: Warby Parker

The Cloud Changes Everything: Challenger-Selling In A Consumption-Economics World
Mutually Assured Drone Destruction [100 Words Into The Future]
Semantic Technologies And The Enterprise (4 Ways To Win)
Only 2 Kinds Of Innovation Matter
Read more from our talented writers

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Top Tweet


Sponsored Update

Update: 6

Tweets

 

Advertisement


Update: 5

How A Blue-Footed Boobie And A Mood Board Helped Create The Warby Parker Brand

Source: Business Insider

When you open a case of Warby Parker glasses, there's a pop of bright blue. It's an allusion to a rare bird called the blue-footed boobie, explains co-CEO and cofounder Neil Blumenthal in his new Skillshare class. It's not just a fun fact. Long before Warby Parker had sold 1 million pairs of glasses, the bird actually helped Blumenthal and his cofounders David Gilboa, Andrew Hunt, and Jeffrey Raider develop the ...
Source: Business Insider   Full article at: Business Insider Jun 27 2014, 2:35pm CDT
 

More From the Web

Update: 4

Warby Parker Has Now Sold--And Given Away--More Than 1 Million Pairs Of Glasses

Source: Fast Company

"Our business model is designed to make people happy," says cofounder Neil Blumenthal. And people, apparently, like to be happy.Warby Parker announced today that it has given away 1 million pairs of glasses to people in need, meaning it has sold more than 1 million pairs of glasses. (There's a few-month lag between sales and donations for its buy one, give one program.) That's double the 500,000 figure Wa ...
Source: Fast Company   Full article at: Fast Company Jun 25 2014, 7:58am CDT
 

Update: 2

Why Warby Parker Admires Tesla's Disruptive Drive

Source: Forbes

Warby Parker has used tech tools to shake up the eyewear industry, making high quality glasses available to consumers for a fraction of what they used to pay. Meanwhile, insurgent carmaker Tesla is changing the way people think about driving, but has run into regulatory roadblocks in its attempt to subvert traditional distribution models. At the recent Venture for America Summer Celebration, we asked Warby Parker co-founder David Gilboa for his th ...
Source: Forbes   Full article at: Forbes Jun 23 2014, 10:53am CDT
 

Update: 1

Top Coast Festival: Neil Blumenthal on philanthropic capitalism

Source: MPR

The co-founder of the Warby Parker eyeglass company speaks with MPR's Chris Farrell about doing business and doing good. Blumenthal says businesses can't be "shareholder-centric," they must consider ALL of their stakeholders-- customers, wo ...
Source: MPR   Full article at: MPR Jun 11 2014, 2:04pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

GMA’s Robin Roberts to christen Goodyear’s newest blimp
GMA’s Robin Roberts to christen Goodyear’s newest blimp
If the weather allows for such activity then Roberts will be among the first passengers to fly on Wingfoot One.
 
 
Kim Kardashian Attacks Khloe
Kim Kardashian Attacks Khloe
The sisters get into an ugly argument while on vacation in Thailand
 
 
Kendall Jenner or Kylie Jenner: Which One is Marriage Material?
Kendall Jenner or Kylie Jenner: Which One is Marriage Material?
The question is a quintessential one. Which one of the two is marriage material: Kendall Jenner or Kylie Jenner?
 
 
Safest Used Cars for Risk-Free Driving
Safest Used Cars
Among the safest used cars for risk-free driving pleasure come several varieties of vehicles. Pick one and road-test it before shelling out some greenbacks.
 
 
 

About the Geek Mind


Read more about The Geek Mind.