The Essential Laws of Businesses Explained

Selling Diabetic Test Strips

Are you a self-monitoring diabetic who uses those nifty test strips? Do you have excess supplies that you’re not sure what to do with? Do you want to make some extra cash?

Yes, you can easily make money with those extra diabetic test strips, provided they are unused and unexpired. There are more than 29 million diabetics today in the U.S. today and possibly up to 50% the total population has undiagnosed diabetes or is pre-diabetic. Not all of them have health insurance or have the money needed to manage their condition.

Being a diabetic yourself, you know the frustration that comes with managing this disease. You also know how costly it can be. What you probably haven’t thought about is that anything OTC you’ve bought at the pharmacy, is totally legal for you to sell. Of course, if you got your strips through Medicare or Medicaid, you won’t be able to sell them. Selling anything the government paid for is illegal.

Different Scenarios Where People May Have Leftover Strips

You may be wondering how people started selling pre-owned diabetic test strips. The following are various scenarios where you or any other diabetic may end up having more strips than necessary:

>> Diabetics may have unique experiences of the disease.Some people need more frequent blood sugar checks than others.

>> Diabetes goes away eventually. This isn’t very common but it does occur in some circumstances, such as in gestational diabetes, which normally disappears after childbirth.

>> You have a new health insurance policy. A policy switch often comes with new supplies coming in.

>> You buy a new machine. Usually, when you use a new machine, you need a new kind of strips, rendering those old strips useless for you.

>> A family member who had diabetes, passes away. We all come to an end, and when a diabetic does, he may leave behind unused diabetic test strips.

How Much for Diabetic Test Strips?

Different buyers will have different criteria when screening diabetic test strips, but usually, it boils down to three things: the brand, the number of strips in the box, and the number of boxes. Let’s say you have a box of 50 good-brand strips that neither used nor expired. That could mean some $18 straight into your pocket. There are even buyers that offer a referral fee of around $25 for each and every recommendation you make.

Where Do the Strips End Up?

Anything can happen to your strips the moment they are purchased,but the idea is that a cash-strapped diabetic sill buy them for a cheaper price. In other words, this whole business isn’t just a money-making activity but a cause in itself.

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