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Digg It - Wholesale Information: How to Buy at Real Wholesale Prices
Learn how you can buy merchandise at real wholesale prices. You have to learn how wholesale prices can vary so you can know when you are buying at real wholesale prices and not what the supplier wants you to believe are wholesale prices.
Is findi
Is findi
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ng products at wholesale prices difficult? The answer is no. It’s not difficult. The difficult part is getting them for “real” wholesale prices.
What do I mean by “real wholesale prices”? Well, most suppliers will know in the first 20 seconds
What do I mean by “real wholesale prices”? Well, most suppliers will know in the first 20 seconds
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
if you are a seasoned buyer or just starting out. They will price their merchandise accordingly.
If you are buying wholesale products to sell on eBay, to stores or out of your home it’s all the same to them. They will have up to 10 different “w
If you are buying wholesale products to sell on eBay, to stores or out of your home it’s all the same to them. They will have up to 10 different “w
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
holesale prices” for the same items.
Even experienced buyers and large established business pay too much on their wholesale products. So don’t expect to know more than them when it comes to buying at real bottom wholesale prices.
I got my first
Even experienced buyers and large established business pay too much on their wholesale products. So don’t expect to know more than them when it comes to buying at real bottom wholesale prices.
I got my first
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
introduction into the wholesale product pricing in one of my first wholesale consulting gigs. I was going over the prices of their best selling products to see the profit margins when I was impressed with just how low the price of merchandise was
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
Or so it seemed to me at the time.
As part of my job I visited all the wholesale trade shows around the country comparing prices. This is when I noticed large discrepancies in pricing for the same exact items.
Walking from booth to booth I was
As part of my job I visited all the wholesale trade shows around the country comparing prices. This is when I noticed large discrepancies in pricing for the same exact items.
Walking from booth to booth I was
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
looking for a list of about 500 items in just a few product categories including small electronics, sunglasses, house wares, tools and toys. We needed anywhere from 50 to 100 different products from each category.
After some walking and more wa
After some walking and more wa
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
king I found the exact same products with the same brands in different booths. The products were the same but the prices were much different, more than double, as much as 150% more in one booth compared to another, in the same trade show, sometim
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
es the booths no more than 100 feet apart.
This was a shock to me. I thought prices would only range by 3% or a few cents. I was very wrong. Later I found out that only a few people are really manufacturers or buy direct from manufacturers. F
This was a shock to me. I thought prices would only range by 3% or a few cents. I was very wrong. Later I found out that only a few people are really manufacturers or buy direct from manufacturers. F
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
wer suppliers are real importers of products. Most buy from wholesalers themselves and then resell the products to other wholesalers or retailers.
Later on, when I visited current suppliers of my customer I renegotiated prices and told him I kne
Later on, when I visited current suppliers of my customer I renegotiated prices and told him I kne
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
the “other” suppliers’ prices. After a few meetings I managed to lower prices by as much as 50%. Now, to give you a good perspective, my customer had been purchasing from these suppliers for 12 years and with these new prices his profit doubled
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
. Needless to say my customer was very happy and very surprised.
Here are some tips and techniques you can apply immediately to lower your wholesale purchasing prices.
Get to the source: What does this mean? It means you should know who the or
Here are some tips and techniques you can apply immediately to lower your wholesale purchasing prices.
Get to the source: What does this mean? It means you should know who the or
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ginal source is for the products you are buying, especially if those products are not name brand items. For example, if you are buying t-shirts you should know who makes the t-shirts and where, who imports them, who prints the design if they have
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
one, what is the material and who is selling it and where. Don’t just buy 1,000 t-shirts because they tell you they are “good sellers”. Make sure you know where they come from.
Even if you are buying closeouts you have to make sure who else se
Even if you are buying closeouts you have to make sure who else se
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ls them and who is the source. I’ve bought and sold a lot of closeouts in my time and let me tell you, they are closeouts for a reason. Even popular closeout websites that claim they are selling closeouts or liquidations are expensive. I check
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ut their prices often and they are usually wholesalers selling products for a good profit.
Knowledge will be the key to your products. If you know what you are buying and the real prices of production, transportation, warehousing you will be abl
Knowledge will be the key to your products. If you know what you are buying and the real prices of production, transportation, warehousing you will be abl
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
e to negotiate with your suppliers. If you don’t, you will usually pay up to 150% more for the same items that others are buying in the same quantities.
Here are 5 questions that you can ask your wholesale supplier that will help you determine t
Here are 5 questions that you can ask your wholesale supplier that will help you determine t
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
e right wholesale price:
1. What is the real retail price of the item and where does it sell for that price?
2. Who is selling it to those Retail Stores and how much profit does the store make and their supplier? This will give you an idea of ho
1. What is the real retail price of the item and where does it sell for that price?
2. Who is selling it to those Retail Stores and how much profit does the store make and their supplier? This will give you an idea of ho
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
w much the store pays and how much the store supplier pays.
3. What is the price per case, per pallet and per truckload? This will give you an idea of their best pricing.
4. Who is your best customer? How much do they buy per month? This will
3. What is the price per case, per pallet and per truckload? This will give you an idea of their best pricing.
4. Who is your best customer? How much do they buy per month? This will
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tell you who gets the best price for the product.
5. Do you manufacture or import this product? This will tell you if they are the original source for the product or, if, like you, they are a wholesaler or distributor.
Copyright 2006 Jorge Olso
5. Do you manufacture or import this product? This will tell you if they are the original source for the product or, if, like you, they are a wholesaler or distributor.
Copyright 2006 Jorge Olso
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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