5 Ways to Get Maximum Value for Extra Diabetic Supplies

Got extra diabetic supplies? Here's how to turn them into cash while helping others access affordable products. Focus on these key areas to maximize value:

• Expiration Dates: Supplies with over 10 months before expiration sell for more.

• Condition: Keep items factory-sealed and undamaged.

• Shipping: Use sturdy, padded packaging to prevent damage.

• Bonus Programs: Look for seller bonuses from buyers like "Two Moms Buy Test Strips."

• High-Demand Items: Glucose testing strips, Dexcom G7, and Libre 3 sensors are top sellers.

Quick Tip: Don’t resell supplies obtained through Medicaid or Medicare - it’s illegal. Follow these steps to earn more and ensure safety for buyers.

Avoid These Common Mistakes When Selling Diabetic Supplies

1. Long Expiration Dates Increase Value

Expiration dates play a big role in resale value - supplies with longer shelf lives tend to sell for more. Here's why expiration dates matter so much.

How Expiration Dates Affect Value

It’s simple: the longer a product lasts, the higher its resale price. Supplies that are expired or close to expiring can give inaccurate results, which poses safety risks.

"What's the risk in using an expired diabetic strip then? Well, your readings could be inaccurate and outright wrong."
– A Girl Worth Saving [1]

As the enzymes in these supplies degrade, their accuracy drops, which further reduces their value.

Tips for Managing Expiration Dates

To get the best returns, focus on supplies with more than 10 months of shelf life left. Products nearing their expiration date usually sell for far less.

Here are some practical tips to manage inventory effectively:

• Check expiration dates as soon as supplies arrive.

• Organize inventory by date to keep track of older stock.

• Rotate stock so that older supplies are sold first, ensuring they still have at least 10 months left.

• Store items in cool, dry places to preserve their quality.

Pharmaceutical companies are required to set conservative expiration dates to comply with regulations.

"Pharma companies happen to be legally bound to always be prudent in setting their product's expiration date. All that's needed is a single faulty strip for landing them in hot soup."
– A Girl Worth Saving [1]

2. Keep Supplies in Perfect Condition

Why Condition Matters

The condition of your diabetic supplies plays a big role in their resale value. Supplies that are factory-sealed and undamaged are more appealing to buyers and fetch higher prices. Even small damages, like a dented box or torn packaging, can lower their worth - or even make them unsellable.

For example, boxes with wear, writing, or tape damage can lose 25% to 75% of their value. In some cases, damaged supplies may be completely rejected without payment. To avoid this, it's important to store your supplies carefully.

Storage Guidelines

To keep your supplies in top shape and protect their value, follow these tips:

• Control Temperature: Store test strips and other items in a climate-controlled space, following the manufacturer's instructions. Avoid exposing them to extreme heat or cold, which can affect both the supplies and their packaging.

• Protect Packaging: Keep the original packaging intact, including prescription labels. Be careful when handling boxes to prevent creases, dents, moisture damage, or markings.

• Organize Properly: Use a dedicated storage area where supplies won’t get crushed or damaged. Store boxes flat instead of on their sides or edges to keep their shape intact.

• Out Of Reach: Keep them out of children’s reach, away from food preparation areas and direct sunlight.

Buyers prefer supplies that are factory-sealed, unopened, and in perfect condition. Following these storage practices will help you preserve their value and make them more appealing when it’s time to sell.

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3. Proper Shipping Methods

Shipping Damage Risks

Poor packaging can lead to damaged supplies or even rejection upon delivery. Even minor transit damage can render products unsellable, as buyers prioritize safety and quality. Some common shipping risks include:

• Boxes getting crushed or dented due to insufficient padding

• Moisture exposure from poor protective measures

• Internal damage from supplies shifting during transport

Taking these precautions, alongside proper storage practices, helps protect your supplies during shipment.

Packaging Instructions

To ensure your supplies arrive intact and retain their value, follow these packaging tips:

1. Choose the Right Box
   Use a sturdy, strong box designed to keep contents from damage. These provide better protection than standard cardboard boxes.

2. Add Protective Layers
   Line the box with bubble wrap, individually wrap each item, fill empty spaces with packing material, and add a final layer of bubble wrap before sealing the box to insure no supplies shift or move during transit.

4. Buyer Bonus Programs

Bonus programs can be a great way to increase your earnings when selling diabetic supplies. These programs reward sellers for meeting certain criteria, such as quality standards and shipment volume.

Types of Bonuses

There are two main types of bonus programs to look out for:

• New Seller Bonuses: For first-time sellers, companies like Two Moms Buy Test Strips offer new customer bonuses if your supplies and submission amount meet their requirements and offer existing sellers between 3-6 additional bonuses as well. Reach out to them on their Facebook page or check their newsletter after you submit your first quote to get it regularly and lists updates, tips and monthly bonuses [2].

• Loyalty Incentives: Diabetic Buy Back encourages repeat sellers with a monthly bonus system. The more you ship, and the higher the quality, the better the rewards [2].

How to Maximize Your Bonuses

To make the most of these programs:

• Compare Offers: Check the bonus programs from Two Moms Buy Test Strips and Diabetic Buy Back to see which one has the best current deals.

• Meet Requirements: Ensure your supplies meet the following:

  • Minimum payment thresholds

  • Good condition

  • Valid expiration dates

• Watch for Promotions: Two Moms Buy Test Strips frequently updates their bonus offers, often with multiple opportunities each month [2]. Plan your shipments to align with these promotions for the best returns.

Keep in mind, only supplies that meet quality and expiration standards will qualify for these bonuses. By maintaining proper storage and shipping practices and taking advantage of bonus opportunities, you can get the most value from your diabetic supplies.

5. High-Demand Supply Types

Knowing which diabetic supplies are in demand can help you get the most value when selling your extras. Different supplies command different prices, so understanding market trends is key.

How Demand Affects Value

Market demand has a direct impact on resale prices. For example, glucose testing strips make up 37% of listings but generate over 80% of revenue in the diabetes care category [3].

Brand recognition also plays a major role in pricing:

• Accu-Chek leads the glucose testing strip market, earning 45% more revenue than Abbot [3].

• Dexcom has seen a surge in demand after the FDA approved the Dexcom G7 Continuous Glucose Monitoring System in December 2022 [4].

• Medtronic devices, like the Simplera continuous glucose monitor, are gaining traction following European approval in October 2023 [4].

The global diabetes devices market, valued at USD 30.31 billion in 2023, continues to expand [4]. Understanding these trends can help you focus on supplies that offer the best returns.

Identifying High-Value Supplies

Certain supplies consistently offer better resale value. Here's what to look for:

Selling glucose testing strips in bulk is especially lucrative, as buyers often pay more for convenience. Recent top listings have shown strong revenue performance [3].

Tips to maximize your earnings:

• Keep an eye on FDA approvals and new product launches, as these often signal upcoming demand spikes.

• Prioritize high-value brands like Accu-Chek, Dexcom, and Medtronic.

• Bundle similar items to attract bulk buyers.

• Pay attention to regional trends, especially in North America, which holds 38.66% of the market share [4].

Integrated systems that combine glucose monitoring and insulin delivery are also driving increased interest in the market.

Summary

To get the most out of your extra diabetic supplies, focus on these five factors:

To maximize returns, sell your supplies well before they expire, store them carefully to maintain their condition, and use sturdy, padded boxes for shipping. Avoid shipping envelopes and Amazon boxes. Shipments received in bubble envelopes arrive in damaged condition 90% of the time, and Amazon boxes are specially made to be lighter so are not sturdy and are easy to damage in transit.

Here’s a reminder from TwoMomsBuyTestStrips.com:

"After ten years of dedicated service, we are known for paying the highest cash prices for diabetic test strips and supplies."

Timing is everything. Sell when demand is strong, and take advantage of bonus programs to boost your earnings. Glucose testing strips, for example, account for over 80% of revenue in the diabetes care market.

Lastly, make sure your supplies follow all safety regulations:

Safety Checklist:

• All items should be sealed and unopened.

• Supplies must not have orange labels indicating government aid.

• Ensure your supplies meet buyer eligibility rules.