Sell to Good Neighbor Pharmacy & Become a Good Neighbor Pharmacy Vendor

In todays video training, we will be discussing the strategies to effectively sell your products to Good Neighbor Pharmacy. Good Neighbor Pharmacy may not be as well known as some pharmacy chains so it’s important to understand their unique characteristics. If you have a consumer product that would be a fit, for pharmacies this training will provide you with insights on how to get started. Before we jump into the specifics if you find this information helpful please show your support by liking, subscribing and leaving a comment. At Retail MBA we have successfully trained 100,000 individuals worldwide on selling products to chain stores through means such as events and speaking engagements.

Do Your Research

First and foremost it is crucial to evaluate whether your product aligns with the offerings of Good Neighbor Pharmacy. Conduct research by visiting their website and stores to gain an understanding of the types of products they currently carry. It should not be assumed that simply because it is a pharmacy they will automatically purchase your product. Good Neighbor Pharmacy is somewhat smaller in scale compared to chains like CVS or Rite Aid; their focus lies primarily in health related, being and beauty products. Our clients have achieved success by selling supplements, electronics and various health brands to pharmacies, like Good Neighbor Pharmacy—a retailer worth considering for your sales strategy.

It’s essential to consider that pharmacies have limited shelf space so it’s crucial to make sure your product doesn’t have packaging. While they offer a range of products their shelf space is restricted so you need to make an impression and ensure your product fits within their available space. Another important aspect is pricing. It’s important to align your pricing with what they offer in store. For instance if similar products are priced at $19.97 your product should fall within that price range. Good Neighbor Pharmacy tends to be consistent, with their pricing compared to retailers so its worth considering this factor.

Supplements Example

Lets say you’re selling a supplement product online. Good Neighbor Pharmacy is offering the same product at a significantly lower price and in smaller quantities. In such a scenario you might need to create packaging and adjust the size of your product, for that pharmacy. This is because pharmacies have limited space and have conducted research on which products fit best within their shelves.
If you come across a situation where a product is being sold with a hundred tablets but you offer one with 500 tablets it’s important to note that the pricing may vary. In cases it becomes necessary to create packaging, for the 100 tablet option in order to attract buyers.

Lets say you’re selling supplements and your product has a higher quantity and volume compared to what Good Neighbor Pharmacy typically receives. It becomes crucial to understand that the quantity and volume they receive may differ from what you’re selling online. It’s essential to research and understand the quantities at which the store sells your product so that you can adjust your packaging accordingly. However keep in mind that there are exceptions to this rule as if you have pricing they might be interested in packaging, with more product. The key point here is not to make assumptions but instead conduct research before approaching Good Neighbor Pharmacy.

Another important aspect when approaching Good Neighbor Pharmacy is ensuring that your product aligns with their store offerings. Don’t reach out to them simply because they are labeled as a pharmacy. They want assurance that you have taken the time to examine their stores and ensure that your product complements their offerings.
They want to ensure that their store assortments meet the needs of their customers because they are a pharmacy chain.

To sum up if you have a product related to health well being or beauty Good Neighbor Pharmacy is a retailer to consider. I hope this information is helpful!