Eye Focus December 2017 | Page 16

SUCCESSFULLY COMPETING AGAINST THE ‘DREADED’ ONLINE RETAILERS By Kevin Wilhelm Our industry is changing fast. Consumer loyalty is at an all-time low, while access to information is at an alltime high. Power has shifted to the consumer and without truly understanding the new purchase funnel, it’ll be impossible to fully capitalize on the opportunity that lies ahead for us. Yes, people are more comfortable to shop online than ever before but how can you fight this erosion of in-store sales? In order to build a competitive offer, the first step is to understand the consumer process for an online purchase and determine where this process falls short. The second step is to build an experience that exceeds in these areas; create a true alternative to online shopping. To understand how you can compete against online purchases, you’ll first need to understand more about the buying process. Let’s first look at the top three reasons why someone would turn to buying their eyewear online: >> Perceived lower price >> Perceived convenience >> Perceived higher selection 16 EYE FOCUS | December Digital 2016