"The Successful Man is the One Who Finds Out What Is the Matter with His Business Before His Competitors Do." Roy L. Smith
4/28/2017 0 Comments
“Wellness” has never been practiced properly in a chain pharmacy. Not yet. Perhaps not ever.
Yet, you can practice it to your hearts content in your own pharmacy. If you have the passion and the drive to create the pharmacy of your dreams, it can happen now. And you can make your family a lot wealthier by so doing.
Yes, there are pitfalls. Nevertheless, there is a proven path to financial freedom that a select group of your colleagues have pursued with great success.
You can discover and embrace that very same prolific business model that has created millionaire pharmacy owners in recent years.
It’s all about:
“Wellness” Helps Patients and Fattens Your Bank Account
“Wellness” is alive and prospering for those who use it properly. Helps more patients feel better, live longer, and enjoy those extra years. Also, puts significantly more money in your bank account, because your patients trust you more, and accept your recommendations. And those recommendations are decidedly different from what they will hear anywhere else. Causes them to spend more money on your products and services.
You can easily get started by putting a few higher quality nutraceuticals in your front-end and systematically advertising them from the standpoint of the benefits they deliver to your patients. That is an entry level model.
In my best model, NO insurance companies to deal with.
Yes, indeed, wellness is the wave of the future for you as an owner. Even if it’s not a part of your name or your logo, it should become part and parcel of your thinking. Your approach is to enable people to enjoy good health, and you become known as the community’s premier purveyor of it. And it’s paramount to your success. Builds your brand as it puts money in your bank account. Also enables you to leave a powerful legacy.
Yes, wellness, as the foundation for the new independent pharmacy, is marching ahead. So should you.
If you’re not yet truly acquainted with this business model, you’ll want to find out more. Learn more by clicking below...
6 Elements of a Clear Passion
It’s All About “Wellness”
This wellness concept is the reason you went to pharmacy school, isn’t it? And, when it comes to dispensing that information, if you work for a chain store you do not have the resources. Neither do you have the total time to spend with your patients. Not really. Not to help them feel better, live longer, and enjoy those golden years.
On the other hand, as an owner, you can. Also, you can address this serious question: what about all those individuals who are not yet your patients, but could be, and should be?
How Great Marketing Maximizes Bottom Line Results
Your marketing should share some specific information and education with them. Written and verbal. Will help obtain them as patients, if not now, then in the near future. Information is powerful. Conveys knowledge and authority.
Your pharmacy cannot achieve its maximum potential until you create a total marketing machine. Marketing is the key to your success because marketing is the only element that creates significant results. In fact, marketing has the following mission.
To be successful, marketing has to have a totally balanced approached.
Now, you can get marketing leadership results others only dream of. More information is available in a very proprietary report, which has not been available for the past several months. It’s entitled “Game Changer: 7 Reports Designed to Reshape the Destiny of Your Pharmacy.” Provides you with significantly important information you need in order to get your pharmacy from where it is to where you want it go.
When you leave your pharmacy entirely in the hands of third parties, you lose.
Such is the essence of your destiny now, more than ever before. And it’s true in two different ways.
Both of those are true and both of them will eventually destroy your pharmacy as a business, unless you…
Increase Gross Profits by Taking the Following Actions
If you own a pharmacy that buys $250,000 or more in drugs every month, you can put upwards of $10,000 in your pockets each and every month. I can’t go into exact detail on how this operates, other than a proprietary software accompanied by a disciplined protocol of application.
Recently, while speaking with a pharmacy owner, I mentioned that, in addition to helping him to create a new income stream that will bring dozens of new patients into his store each week, he could also be saving 5%-8% on his drug costs. His response? “This is a no-brainer!”
Nothing Else Will Work as Fast
Nothing else can quickly reboot your pharmacy. Nothing else can reinvent your profits as rapidly as buying your drugs at these low chain store prices. How is it done? With the use of proprietary software. Also, your dedication.
Remember what is was like when you were in elementary school and you discovered how a magnifying glass could focus the rays of the light with such intensity, it could ignite a fire? Well now you can ignite your focus and your dedication and see some good, positive money-in-the-bank results.
What Worked Before Won’t Work Today
Until about 10 years ago, filling traditional prescriptions was a profitable venture. Over 12% of them were cash, and Medicare had yet to commence dictating lower and lower compensation rates.
However, to some savvy pharmacy owners, the handwriting was on the wall. The rest failed to see it.
Once Medicare stepped in and created an iron-grip control over the compensation issue, the other insurance companies fell into line. And so, the final nail was placed in the coffin of those who continued to embrace that business model without keeping an open mind to other possibilities.
Thus, the domination of the third-party payer system for independent pharmacies was born. So, too, was the continuing downward spiral of compensation for the independent pharmacy owner who relies on these scripts for income.
Change Your Business Model, and Further Change Your Results
The third-party payment fiasco may be the problem; however, the solution lies in changing your business model, your strategies, and your marketing.
And so, over a decade ago I postulated the first of my Eternal Business Truths: “never, ever leave your destiny in the hands of a third party. When you do, you lose.”
Other sources of income with higher margins exist. Most bring you cash, not insurance cards. And, those margins are 42% to 87%.
Meanwhile, join the new high-performing pharmacy owners who are increasing their margins by 5% to 8% on their tradition scripts.
4/14/2017 0 Comments
So valuable is this “secret sauce” to increasing your total profitability that you should drop anything and everything you are doing right now to further investigate the details by clicking here...
Nothing else you can do today, tomorrow, or any day in the near future can rival this opportunity to increase your cash flow and the money you put in your pockets. In fact, you can put as much as $10,000 or more into your personal bank account each and every month, starting in 3 months, simply by making this one quick discovery, evaluating it, and determining how much more can be yours if you’re doing more than $250,000 a month in drug purchases.
So don’t delay, don’t procrastinate. Make your decision now and act now.
For more information, learn more about all my programs here.
Your time, that is. You have NO OTHER resource as scarce.
So, let’s examine how you are using your time.
Your time needs to be placed where it produces the most money!
Indeed, how you prioritize every hour of your time, is critical. Every hour of your time at work is precious. If you can’t control the use of your time, you cannot control money. It’s that simple.
A few community pharmacy owners are creating massive amounts of riches in their pharmacy today, in spite of third party payers and the recession. The key is this: They do not spend any time at all on tasks that do not produce important amounts of money. Indeed, they devote all their time to those things that create much bigger margins and the most cash flow. Thus, they focus with laser-like intensity on where the BIG MONEY is!
Your time is the most valuable asset you have— it needs to be protected and controlled. You should be making money from each activity to which you devote time— and your return on each should be proportionate to the amount of time that you devote to it.
Where Should You Spend Your Time?
There is absolutely no sense in spending one minute on anything that does not produce maximum profits and maximum cash flow.
Let me give you some examples of where you SHOULD be spending your time:
If you can’t control your time, you can’t control money. It’s that simple.
For more information, send for my free report “Game Changer: 7 Chapters Designed to Reshape the Destiny of Your Pharmacy.”
Make a Big Difference by Being a Provider of This One Thing