I want to sell my diabetic test strips business, can you give me ideas?

38 replies
Hi there,

I had this diabetic test strips business for several years now and I want to change into another field and I come to a decision to sell it. can you give me an idea on what sites can I post my concern?

Thanks and God bless,

Clint
#business #diabetic #give #ideas #sell #strips
  • Profile picture of the author mjarel
    This person deals in the same domain,Contact him,maybe he would be interested.:rolleyes:
    carrier539(at the rate of )gmail(dot)com
    www(dot)teststripsearch(dot)com
    Signature
    Maria Jarel
    Brand Partnership Manager| Logoinn.com | The Art for Business
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    • Profile picture of the author HJMAX33
      Hello Clint.................I have an interest in your business and you can contact me at bayintercable (At) gmail (dot) com

      Thanks!
      Hugh
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  • Profile picture of the author 70chevelleSS
    Have you tried contacting a business broker? I hear them advertised on the radio all the time. You can also try posting it in craigslist, as well as taking out an an ad in your local newspaper.
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    • Profile picture of the author phanio
      Originally Posted by 70chevelleSS View Post

      Have you tried contacting a business broker?
      Google business brokers. Check with your local chamber of commerce or your local SCORE office.
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  • Profile picture of the author D111
    Have you tried any of the websites that come up when you search for buy and sell businesses like

    bizquest or bizbuysell

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  • Profile picture of the author honcho
    I sell diabetic strips now. However I am trying to figure out where my buyers are selling them. This is one business that has me stumped since I can not seem to find any information on the internet to let me know where the real money is being made at. Any information would be much appreciated
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    • Profile picture of the author Huskerdarren
      Originally Posted by honcho View Post

      I sell diabetic strips now. However I am trying to figure out where my buyers are selling them. This is one business that has me stumped since I can not seem to find any information on the internet to let me know where the real money is being made at. Any information would be much appreciated
      Wholesalers buy them on Ebay and wherever else they can find them. They turn around and sell them to pharmacies. I can't imagine there is a lot of margin there. I make 300% markup selling to the wholesalers. I can't imagine they are making more than 10 or 15 percent, but then some of them deal in massive volume. I've had a couple of people approach me and ask to sell to them exclusively. I just put mine up on Ebay and they're gone within an hour and usually within a few minutes.
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      • Profile picture of the author honcho
        Thanks for the info.
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    • Profile picture of the author chajulavis
      Have you had any luck in finding people to purchase your test strips? I am really stumped on it as well, and I haven't been able to find anyone to do so. Any help that anyone can provide would be greatly appreciated! Thanks!


      Originally Posted by honcho View Post

      I sell diabetic strips now. However I am trying to figure out where my buyers are selling them. This is one business that has me stumped since I can not seem to find any information on the internet to let me know where the real money is being made at. Any information would be much appreciated
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      • Profile picture of the author surfernc
        Hi guys, I buy and sell diabetic test strips. Please send me an email if you are interested and mention the Warrior Forum - I can be reached at pcmproducts at gmail. thanks!
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        • Profile picture of the author OneTouch
          Originally Posted by surfernc View Post

          Hi guys, I buy and sell diabetic test strips. Please send me an email if you are interested and mention the Warrior Forum - I can be reached at pcmproducts at gmail. thanks!
          Hi, I am a wholesaler of Diabetic test strips, glucose meters lancing/lancet devices. I sell only factory sealed full case straight from manufacturer such as Abbott, Roche and Nipro. I don't know what kind of volume you are doing, but if you are looking for reliable large volume branded test strips and other supplies, I can help. Let me know please.

          thanks
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  • Profile picture of the author gmtdad
    cherman,
    Since I see that you are selling your test strip business I'm hoping that you won't mind answering a quick question for me. I have been trying to get started in the buying/selling of diabetic test strips but my results have been very disappointing. I had set up a website and did some facebook and backpage ads but have had very few sales. I live in a city with over 1 million people and wondered if maybe offline marketing was a better idea. Was just wondering where you had the most luck with your advertising to purchase test strips. Was it online ads, seo, newspaper ads, flyers, or something else. Thank you for your time.
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    • Profile picture of the author Cloudtechsys
      Hey are you still buying test strips? Did you figure out any marketing methods that work? I just started doing it and I guess if you think about most people that use test strips are older and probably not computer savvy so off line marketing would be the best. What city are you in? I would like to share marketing ideas for this. I have made around $800 in the first 3 weeks I have been doing this so not a lot of money but a good start.
      Look forward to hearing from you.
      -Joe
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  • Profile picture of the author Bruce NewMedia
    Being a diabetic myself, I'm kinda curious what would be the reason a diabetic would buy from an online source?

    Are yours significantly lower in price than a Walmart or similar retailer?...just seems like such a commodity product to try and make money with online?
    _____
    Bruce
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  • Profile picture of the author laurencewins
    You would have no luck here in Australia because we don't have to pay for them. The government does it for us.
    Signature

    Cheers, Laurence.
    Writer/Editor/Proofreader.

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    • Profile picture of the author Huskerdarren
      Cloudtechsys,

      You need to consider your audience. The people selling these are poor. Very poor. They're not on the Internet much. Most of them can barely keep their prepaid cell phone turned on month to month.

      Marketing that works for them is an ad in the Pennysaver, bandit signs everywhere (hundreds) and flyers. Get some business cards and hand them out to people that sell to you. Offer a referral bonus of $5 to $10. Good luck.
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    • Profile picture of the author Colm Whelan
      Originally Posted by laurencewins View Post

      You would have no luck here in Australia because we don't have to pay for them. The government does it for us.
      Yeah same here - only it's our money they're using to pay for them.
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  • Profile picture of the author veejay27
    Hi,
    I am a distributors, looking forward to buy diabetic test strips in large quantity in good condition only, please let me whom should I contact.
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    • Profile picture of the author OneTouch
      Originally Posted by veejay27 View Post

      Hi,
      I am a distributors, looking forward to buy diabetic test strips in large quantity in good condition only, please let me whom should I contact.
      Hi Veejay,

      I am very new to this forum but not new at all to the business of Diabetic test strips. I have been running this business now for over 2 years. We do on average about 70,000 boxes of all major brands. If you are serious about your inquiry, please feel free to contact me. We are currently distributing nation wide in USA as well as overseas. Again, only serious inquiry.
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  • Profile picture of the author cherman
    Hello to anyone who might still be following this thread! I'm sorry to say that I had my assistant post this and apparently she forgot to check it! I'm also not receiving any notifications when there is a reply to this, so either this is not an option on WF or I don't have the right setting set.

    So I plan on getting back to all who posted asking questions by the end of next week. I never did sell my business. I've had conversations with 4 people, but nothing yet. However, we are still working it. We will pass the $40K purchase mark this month for the 1st time. That's not profit, but the profit will be good.

    Thanks to all who have answered here. I will look into your suggestions, as I am still interested in selling.

    Sorry again for giving NO responses.

    To our success,
    Clint
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    • Profile picture of the author OneTouch
      Hi Clint,

      can you tell me what brands you are currently doing and I can send you an offer. I specialize in large volume orders on branded diabetic test strips/ lancets/ and meters.
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      • Profile picture of the author evergreendiabetic
        Hey OneTouch,
        Looking for bulk pricing on One Touch Ultra/Contour/Freestyle Lite. Contact me at your earliest convenience. I tried to message you but I don't have enough posts yet. My email is evergreendiabetic[at]gmail[dot]com.
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        • Profile picture of the author evergreendiabetic
          I can move a few hundred boxes a month if the prices are right. Keep me updated.
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  • Profile picture of the author swilliams09
    Have you looked into posting it on Flippa.com? There may be some takers there.
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    Learn how to make videos that sell. Special $1 Offer for Warriors Only.

    http://www.warriorforum.com/warrior-...ml?view=modern

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  • Profile picture of the author cherman
    mjarel:

    Thanks for your contact. I know its been almost a year, but I'll reach out to this person. You never know.


    70chevelleSS, phanio, D111 & swilliams09:

    Thanks for the suggestions. I'll check into these things.


    HJMAX33, honcho & veejay27:

    I'll try to send you a PM.
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  • Profile picture of the author cherman
    gmtdad:

    Just wondering how things have been going with your biz, since it's been so long. We're still plugging away here.

    I will say that the bulk of our purchases come from people who responded to our newspaper ads. We've had 4 running for a long time now. We've gotten hundreds and hundreds of customers from the ads, but we have found sellers in other ways too.

    To our success,
    Clint
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    • Profile picture of the author DerrickRose1
      If you are still looking to sell I might be interested..
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  • Profile picture of the author LukeJustin
    You can go for adwords, affiliate marketing and classified ads to sell your prodcuts.
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  • Profile picture of the author surfernc
    Hi - I am interested in buying test strips in bulk or even your entire business. Shoot me a message if you are interested. Thanks
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    • Profile picture of the author 1nquizitor
      I might be interested. Please email me at my address listed in the forum.
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  • Profile picture of the author billcars123
    You can hire freelancers that specializes in SEO , you can find at freelancer sites. Try it, it would be of great help
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  • Profile picture of the author amulektwo
    try selling them on international market. they will haggle with price, but if you are decided to sell them right away then that is one option
    Hope this helps!
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    • Profile picture of the author Delimit1100
      I would like to sell My Diabetic Test Strip business as well. If your interested, please contact me at dsdiabeticsupplies at gmail dot com with any questions you may have.
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  • Profile picture of the author jolisharma
    There are many sites where you can post and advertise yout business. Many sites also provide various types of offer on advertisemant. Some sites allow free advertisement services.
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  • Profile picture of the author agkfl
    Interesting product market.
    If anyone willing to take a moment to let me know about the sucess rate of selling on e-bay, vero, and suppliers, pop me a pm..
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  • Profile picture of the author Delimit1100
    Hello agkfl hit me up via email. I would be happy to give you some information regarding. dsdiabeticsupplies (at) (gmail) (dot) (com).
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  • Profile picture of the author Luffy
    In case you have a doubt about
    Search local business owner in your area, especially health related product, try contact them
    use yellow pages or some like that

    sometimes the related ones is easy to convince
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  • Profile picture of the author brik2500
    I know people that make great money buying and selling diabetic strips...let me know what you've got.

    BEST

    Brik
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