Benefits Of Displaying Price Of Products In A Community Pharmacy

Displaying products cost using price tag is a practice many community pharmacies have not adopted. They may not know the value of price tagging their products on the shelf. Some of them cite the cost of buying a price tagging machine and it's paper as the major reason for not adopting it.
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Price tag on medication benefits both the shop and it's buyers. The benefits are enormous. Here are some of the benefits.

Price tag

Benefits Of Price Tagging Products

New staff

With price tags on all products on the shelves, it is easy for new staff to join in sales as they can sell with little help from old staff. Without price tags, even those who have worked in other community pharmacy will find it difficult to blend. This is because the price of drugs varies from one community pharmacy to another.

Trust

Buyers trust shops with price tags on their products. They believe that the price on it have been confirmed by the owner and not a price by the sales assistant or anybody working there. They have the believe that sales assistant in shops without price tags can call a higher price on products and take the extra money. They want to buy from shops that sell at a flat rate to all buyers without favour.

Thief

With a price tag on, it becomes difficult for those in the shops to inflate price unnecessary with the mind to take the balance. Those that try may succeed for some time but cannot be for long. That is because they cannot make an attempt to change the price when a customer is about to buy and not raise suspicion. In other cases, some may try to use a pen to edit an old price. The new ink will stain the hands of the customers and send a bad signal that the product price was just edited. Such sharp practice can put the person at risk of getting caught.
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Fraud

Price tag can save you and your pharmacy from trouble. Some buyers are of the habit of returning items with different stories how the product is defective. Some can return a faulty product from another pharmacy claiming it was from the shop. The product may have every semblance with the one on the shelf. One of the distinguishing factors is the price tag. If you use customize price tag with your company name on it, it becomes difficult to fool you into accepting a faulty product from another shop. If not, you can use the handwriting of those in the shop to determine if the product is coming from the shop or elsewhere. A particular batch may even have a particular ink which can help to prevent issues like this. The only problem will be when you use machine price tag. If the other product contain same machine price tag, it will be difficult to determine which shop it is coming from. However, having a price tag at a particular place in each product can help to determine if the product is from the shop. For example, always price tagging syrups from the top can help to differentiate another product where maybe the product was tag at another place.

As a community pharmacy owner, the choice is yours to make. Watch out for the next post on how to organise new stock and price tag on them.

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