Tips on How to Sell Diabetic Test Strips
One of the benefits of diabetes patients in the US is that their test strips are free or they get a good discounts when they have a health insurance. Some patient-recipients of this benefit make use of their extra test strips to sell to interested companies, which resell them to patients who do not have health insurance or are under-insured at a price which is lower than the retail price in the market.
The most surprising thing about doing business on either selling directly or reselling diabetic test strips is that it is a 100% legal transaction and even online. When your health insurance like Medicaid or Medicare pays for your diabetic supplies, then it is illegal to sell these supplies.
Market costs of diabetic test strip could range from 40 cents to over than $1.00 apiece. Considering in the following contributory factors in establishing the cost price of a diabetic test strip such as kind of enzymes, kind of precious metals, chemicals, the test strip materials, manufacturing cost in designing and processing, will justify the range of prices for these test strips.
On Strips: My Thoughts Explained
When you are in the business situation of selling diabetic test strips, whether you’re a patient or not, a prime importance is to consider carefully on whether these supplies are expired or not. It may be tricky to sell an expired diabetic test strip, but the truth of the matter is that the real expiration starts after six months of the indicated expiration date.
The Essentials of Tests – The Basics
Fueling a black market on diabetic test strips is attributable to the free supply of test strips to qualified patients and that it is 100% legal to sell. In view of this, a FDA permit is required by the US government to the potential retailers.
Always check the kind of brand before selling the test strips because quality brands can command a good price and they sell better than the low brands. Longer expiry dates can also command better chances for a quick sale. The condition of the boxes is such that it is well-sealed, no tears, and no dents; in that way, you can easily sell them without any problem.
Selling these test strips online is the easiest and most accessible rather than commuting to a nearby hospital or clinic and peddling your goods. When you try online, do a thorough research first for reputable companies who buy test strips. There are two entities which page reviews from consumers who have tried brands and products of business companies and they are the Test Strip Partners and The Business Bureau. From the reviews you can get a better perspective of which companies are performing well.
As soon as you get hold of the potential online companies, check further on their customer service, their manner of transaction and payment, and their kind of communication flow.