Business Products & Services

Study: My Understanding of Tests

An Overview of Selling Diabetic Test Strips for Cash

Are you a self-monitoring diabetic who uses those nifty test strips? Do you have so many that you may not use them all before they expire? Do you want to make some extra cash?

Yes, it’s possible to make money from those extra diabetic test strips, as long as they are unused and unexpired. At least 29 million people in the U.S.have diabetes today, and around half of the total population is dealing with undiagnosed diabetes or pre-diabetes. 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’re also aware of its high cost. What you may not have thought about is that anything you buy OTC at a drug store or pharmacy is perfectly fine for you to sell. Of course, selling strips you got from Medicaid or Medicare Would be illegal. You can’t sell anything the government bought.

Different Reasons People Have Leftover Strips

You may be wondering how people started selling pre-owned diabetic test strips. Below are different scenarios where you or any diabetic may end up with an oversupply of these strips:

>> Diabetes can be a unique experience for different people.Some people have to measure their sugar levels more frequently 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 switch health insurance policies. Switching policies usually means you’ll get new supplies.

>> You have 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 with diabetes passes on. We all have our time to go, and when diabetics do, they may leave behind some unused diabetic test strips.

How Much for Diabetic Test Strips?

When a buyer decides to accept or reject a seller’s diabetic test strips, it usually depends on many factors, but the three most common criteria used are number of strips, number of boxes and brand. For example, you have a box of 50 good-brand unused and unexpired strips. That may be around $16 going straight into your pocket. And with some companies, you can even get a referral fee of around $25 for every seller you bring in.

Where Do the Strips End Up?

Many things can happen to your strips once somebody buys them, but the general picture is that they go to diabetics whose budget is only good for second-hand strips. In other words, this whole business isn’t just a money-making activity but a cause in itself.

Where To Start with Businesses and More

Interesting Research on Businesses – What You Didn’t Know