Are your patients and customers leaving your office with hearing aids, but without hearing aid batteries? Or are you ignoring the marketing of your hearing aid batteries or giving batteries away? If so, increased sales are walking out the door right along with your customer.
Promoting and marketing hearing aid battery sales makes sense, both from a business and service perspective. Hearing instrument users need batteries, and where better to purchase those batteries then from the person they know and trust with their hearing health? When patients and customers can purchase their hearing aid batteries directly from a professional's office, it becomes a value-added service by saving them the time and trouble of another trip to a retail operation to purchase batteries. Additionally, hearing aid battery sales are an obvious source of additional revenue for your business.
This article looks at opportunities for increasing hearing aid battery sales, as well as the potential profits from ignoring this important profit center.
The Facts on Professional Battery Sales
Although MarkeTrak1 statistics indicate that hearing care professionals dispense virtually all (93%) of the hearing instruments on the market, they dispense only 49% of the hearing aid batteries. The additional sales are being lost to retail outlets.
In fact, trends show consumers are increasingly turning to retail outlets for their hearing aid battery purchases. Though the battery market is growing at a rate of two- to four-percent per year, sales in the professional market are flat or slightly down. That means lost sales and lost revenue for most hearing care businesses.
Bucking the Trend
Why give retail outlets the hearing aid battery sales that could be yours? Counteracting this trend requires only a slight change of mindset.
First and foremost, remember that the hearing care professional is in an excellent position to recommend batteries and essentially has a "captive audience." While it is important to inform clients of all their options, make sure that they have every opportunity to purchase both hearing aids and hearing aid batteries from you. Second, partner with a battery manufacturer who can help you implement a complete program for increasing battery sales. And third, provide incentives and value to customers who purchase from you.
Consider the following marketing initiatives to help build your hearing aid battery business:
Customized Battery Cards
Imprint or label battery cards with your name and contact information, so when it's time to refill, your business' name is front and center. This is an effective way to keep your services in front of your patients and customers—both for purchasing batteries and when repurchasing hearing instruments.
Multi-Packs
Offer batteries in larger pack sizes. This results in a number of benefits for the consumer and dispensing office. Larger pack sizes provide the best price per battery—a good selling point and loyalty-builder for customers. They also provide greater convenience; customers are less likely to run out of batteries, and therefore won't need to search for refills at a retail outlet.
Battery Clubs
Battery Clubs build customer loyalty, answer the convenience appeal of retail stores and satisfy customers. Satisfied customers, in turn, generate new customer referrals and come back to you for other services such as cleaning, adjustments and new hearing aids. Battery club elements can be as few or many as you care to implement. Some suggestions:
- Battery Club Booklet : Print your name on the cover of the booklet and pre-address mail-in postcards to you. Select a number of coupons that you want included in your personalized battery club booklet.
- Frequent Purchaser Punch Card : Build repeat business with a Frequent Purchaser Club. On your personalized club card, decide how many purchased cards qualify your customers for a free dial card.
- Frequent Purchaser Club Coupons : For customers who receive their batteries by mail, simply include a Frequent Purchaser Coupon along with the batteries. When your customer saves the prerequisite number of coupons specified, the coupons can be redeemed for a free dial card of batteries.
Consumer Materials
Some battery manufacturers and distributors offer additional consumer support materials, including:
- Battery ID cards for writing messages or future office appointments.
- Customized labels and mailing envelopes.
- Information booklets that offer informative and/or educational material.
- Direct mail options for keeping in touch with patients and customers by acknowledging birthdays, offering "Season's Greetings" during the holidays and providing information during Better Hearing Month.
- Office Signage such as posters, calendars and other signage for your office.
Advertising Support
National advertising support can also be an important component in your overall battery program. Determine if your manufacturer partner helps build brand awareness and loyalty among your patients and customers through national advertising and/or cooperative advertising programs.
On-Line Ordering
Increasingly, online ordering is becoming a useful option for re-ordering batteries. Some dispensing professionals may find it particularly useful to have a battery partner that offers online ordering for ease and convenience in supplying hearing aid battery needs.
So, you've sold your patient a hearing aid that will improve their quality of life. Why stop there? Offer all of your patients and customers the convenience and benefits of one-stop shopping and increase your profits at the same time. Harness the power of hearing aid battery sales and build a better business.
Sidebar Graphic:
Is a Lack of Battery Sales Draining Power from Your Revenues?
This table illustrates the potential lost profit from hearing aid battery sales based on both current and previous hearing aid customers.
*Based on A.C. Nielsen Panel Data and Rayovac estimates
Average retail dollar figure based on $1.25/battery. An average dispensing office/practice dispenses 250 hearing instruments per year, and that office could see battery revenues of over $40,000.
Correspondence can be addressed to HR or Julie Strasser, Rayovac Corp, 601 Rayovac Drive, Madison, WI 53711-2497; email: strasse@rayovac.com
Julie Strasser is brand manager and Tom Begley is director of sales for the North American hearing aid division of Rayovac Corp., Madison, Wis.
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