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increasing pharmacy sales
Every conversation in your pharmacy is an opportunity for helping patients further. The more you know about the patient, the better your service gets. This guide explores the best ways for better serving your patients and increasing your revenue in the process

Increasing pharmacy sales requires talking, exemplified no better than market traders whose dialogue with customers is paramount.

Increasing Pharmacy Sales with your existing patients

A question that’s on practically every pharmacy owner’s lips right now is, “How can I increase the revenue and profitability of my pharmacy?”

There are many ways of doing this, and you should browse around similar guides we’ve written on our blog. We usually focus on how digital marketing helps achieve more sales and improve your workflow.

However, in this article we’re going to examine the tactics you employ on the pharmacy floor. You don’t need any new patients for this, you simply need an open mind for a new approach to both cross-selling and upselling.

It’s important to note that at the heart of increasing revenue is great patient care, quality customer service and convenience. We never want to sell a patient anything unnecessary, and we wish to always remain ethical about what we sell.

The difference between Cross-Selling & Upselling

Cross-selling and upselling are both effective ways of increasing pharmacy sales, whether that’s through promoting services or recommending products.

An example of cross-selling is somebody visiting your pharmacy to collect their prescription and you or your pharmacy team recommending your ear health consultation or microsuction service.

Upselling is where somebody comes in to buy ibuprofen for their back pain, and they leave with a stronger, more effective painkiller or a heat pad for their back. These are more valuable, upgraded versions of the solution they’re already purchasing.

Balancing cross-selling with speedy service

Now, there are two natural enemies of uncovering patient’s problems: time and privacy.

Ideally, a patient isn’t in a rush and there’s no one behind them in the queue. The best time for these conversations would be during a consultation. Realistically however, the bulk of your interactions are at the counter.

So whilst it’s worth bearing in mind that, whilst someone is waiting alone in a pharmacy for their prescription, that’s a great opportunity to explore their other healthcare needs. You also need a tactic for when it’s busy.

6 Simple, Effective Questions for Counter Sales

Cross-selling and upselling in a pharmacy requires training and a good knowledge of your products and services. When our CEO, Saam, was at the coalface, he’d have a conversation with every single patient and customer that he possibly could, given how busy the pharmacy was at the time of course. It always started with a simple smile and:

“How are you doing today?” 

Which is a great way to instantly develop a bond, and shows that you care. Without this essential first step, you’re unlikely to get the best conversation out of the patient and provide the best care.

We’ll provide additional information below each question, but just a foreword that these are recommendations for individual questions, not a full list of questions to ask people at the pharmacy counter. Also, we need to be sure that we’ve asked the usual WWHAM questions for safe and effective supply.

Have you considered using X and Y?

Often, patients come in and go straight to the counter asking for a specific medicine e.g. Day Nurse or Beechams. They have a cold and are feeling under the weather. 80% of pharmacies will sell the product that the patient will ask for, and that’s it. The rest however, will have had a great conversation with the patient and talk to them about:

  • If they have any immune boosters, such as echinacea or Vitamin C with Zinc
  • How the separate ingredients in the branded product can be bought separately e.g. Paracetamol and Ibuprofen at larger quantities for the same price
  • How their sleep is right now that could be affecting their health
  • What their diet is like perhaps
  • If they’ve had the flu jab or not

With the right conversation and actively caring more about the patients’ health, you’ll be able to offer a more rounded, holistic approach to healthcare that will build trust in your patient. The side effect of this is more sales.

That’s why training your team on this is so important, as the pharmacist will be very busy in many circumstances. Every conversation or interaction is an opportunity to make more of a difference to someone’s health. What a great position to be in!

Would you like to book in for a free X whilst you’re here?

X can represent anything, but given that we’re offering it for free, it’s probably best sticking with things that are usually free anyway, such as Blood Pressure Checks or NHS Health Checks (if you’re in the UK). Whilst those checks themselves are useful for the patient, they also present opportunities for building the relationship further. As mentioned before, a consultation environment is a better environment than the counter for questions like the one below.

Is there anything else bothering you at the moment?

This question is ideal for cross-selling, and it also gives patients permission to talk about the things they often consider too insignificant for a doctor’s visit or put off getting advice about. Perhaps they’re stressed, perhaps they’re tired, but these are all openings for further questions and conversations, ultimately leading to you solving their problems.

You won’t open many doors for anything too personal at the counter with this question, but it’s great in a private consultation setting.

Are you going anywhere on holiday this year?

Depending on the answer, recommending various vaccines and travel necessities pharmacies offer becomes the natural next step.

Did you know you can get your flu jab here?

A simple question in the run-up to flu season, with an obvious cross-sell.

Utilising leaflets

Many pharmacies utilise leaflet-drops, delivering thousands of leaflets to their catchment area, and people might become aware of the service the pharmacy is promoting.

A more effective use of the leaflets (which you can use additionally if you’re still tied to leaflet drops) is having a small pile of them displayed in a stand on your counter.

Incorporating a leaflet into your conversation about the new service you’re cross-selling helps the patient digest (and perhaps later, remember) what you’re talking about.

P.S. Need a leaflet designing? Check out the Pain-Free Pharmacy Poster & Leaflet Designs in our shop.

Increasing Pharmacy Sales through incentivising employees

It’s amazing how money incentivises people. And this type of incentive works wonders in the pharmacy.

We’ve seen service sales skyrocket in pharmacies by those who have employed such tactic. One such pharmacy incentivised their team to earn:

  • £5 for every patient that they got to leave a review for a pharmacy online
  • £10 for every patient that they got to sign up to the weight management service

We couldn’t believe the numbers of Google reviews rolling in and their sales on weight management medicines i.e. Saxenda, steadily rose.

The more you incentivise your pharmacy team, the more they’ll work for the results you want. From your perspective, getting 50% of an increase in profit is better than 100% of no increase.

A real-world pharmacy application

Let’s take a classic example. A patient comes in for some sunscreen.

This is a great chance to spark a conversation:

HCA – “Are you going anywhere nice?” 

Customer – “We’re off to Morocco”

HCA“Oh lovely! Where about are you going? Have you considered…”

  • Travel Vaccinations, such as Hep A, Tetanus, Rabies
  • Diarrhoea capsules and hydration sachets
  • Antihistamines
  • Moquito repellant
  • First aid kit

Every conversation can lead to better care for our patients and more revenue.

Your Attitude Matters

There’s a big difference between an insightful observation of someone’s needs and a generic recommendation that they probably overheard you giving the person before them in the queue.

One has a far higher likelihood of increasing pharmacy sales, and the other is arguably more damaging than it is useful.

Don’t diminish your reputation for profit

Telling everyone there’s a bar of Dairy Milk on offer for a pound might fly in WHSmith’s. But as a pharmacy, your word is your bond and requires nurturing. We’re healthcare professionals, not a general shop. Save your recommendations and advice for healthcare topics.

What should I cross-sell?

Whilst the answer to this question is generally, “whatever is relevant for the patient”, we think it’s important for Community Pharmacies to focus on healthcare.

It’s also largely situational for your specific services, the advantages your pharmacy holds, and where your focus is at any one time.

Think Prescription Collection Points, Late Night Pharmacies, clinics, whatever you’re currently under-subscribed for.

Have a focus, but remain flexible

At restaurants, waiting staff recommendations are usually the food where they’ve got loads of stock running out of date.

Now, I’m definitely not suggesting you start pushing nearly expired medicines on people! But it is worth thinking about what your next big push is. Is it shifting people onto EPS, is it filling up your Flu Clinic? Your larger business strategy should guide your upselling approach.

Just remember, remaining flexible, open and inquisitive ensures you’re always helping the patient.

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There are lots of guides for all the processes and procedures of selling your pharmacy. This is not one of them. In this guide, we’ll focus entirely on how digitisation can raise your sale price.

Selling Your Pharmacy 101

When it comes to selling your pharmacy, you obviously want the best price possible. But for every person selling a pharmacy, there’s someone buying. They want the best price too. So how do you go about convincing that buyer to spend more money on your pharmacy business?

It starts by thinking like a buyer.

Do pharmacy buyers know how valuable their digital asset is worth?

What do buyers want when buying a pharmacy?

Some of the main considerations when purchasing a pharmacy are:

  • How profitable the business is
  • Whether revenue is trending up or down
  • The potential for growing the business
  • Spotting opportunities to save money where the existing business doesn’t
  • The volume and mix of prescriptions
  • The categorical mix of the pharmacy’s patients, e.g. clinical, prescription, retail
  • Status of contracts

But the main considerations we’ll explore in this article are the ones we’ve highlighted.

Whilst there are people who prefer buying struggling businesses and turning them around, most buyers want a healthy business. The majority of bets in a horse race are on the favourite. And higher profit margins equals a higher purchase price.

Stable. Replicable. Predictable.

But here’s the rub. What buyers really value is continuity in those high profits. The continuation of that upwards revenue trend. It’s great that you’re generating all those profits. But if you leave the business? Taking your extensive local knowledge, partnerships you’ve developed over years, and the understanding of your pharmacy team with you? Where’s the assurance that the healthy business they’ve bought won’t fall down around their ears?

What they want, with a healthy business, is business as usual. Stability in transition. Predictability for the future, which means replicable business practice. Savvy pharmacy buyers will poke holes in valuations that don’t have these characteristics, driving down the price. So in this instance, digitisation doesn’t necessarily raise the price of your pharmacy, but it does prevent it from being driven down.

The more systemised, the more automated, the more robust processes in place, the better. Digitisation is a major component in all three.

How do digital systems increase the value of your pharmacy?

Well, in the purest form, digital systems, (e.g. websites) are an asset. If your pharmacy is worth £980,000 and you spend £20k on a website, now your pharmacy is worth £1m. So if you’re planning on selling your pharmacy, a website is a reasonably risk-free investment, as you can build it into the value of your business.

Naturally, that only works if you own the website. Website rental software, the type you pay for year-on-year, doesn’t belong to you, nor does any data contained within it. Therefore, you cannot build it into the value of your business.

Another way digital systems increase the value of your pharmacy, is the opportunity for revenue growth, especially in the future.

An existing marketing list, a website where several of your services get found on Google, an engaged audience on Social Media…these are all things that take time to cultivate. And time = money. Especially time well spent.

Since pharmacy sales usually take a while to go through, provided you haven’t even begun the process yet, you’ve still got plenty of time to digitise your pharmacy.

Why ignoring data is a disaster

For a start, let’s make one thing clear. Data is the most valuable commodity in the world. That’s why companies like Google, Amazon and Meta are so big.

There are three important questions to answer before you can assuredly include data into the valuation of your business.

What data does your pharmacy business own? (Important distinction which I will clarify later)

How does your pharmacy collect data?

What does your pharmacy do with the data?

How valuable data appears throughout your Digital Ecosystem

  • A proper website provides digital infrastructure which both harvests and utilises useful data for your pharmacy business
  • A healthy social media presence helps transition a change of management with the pharmacy’s existing community
  • Email Marketing Lists retarget existing pharmacy users and drive repeat business
  • EPOS systems with key consumer insights both in-store and via eCommerce help with retail sales and promotions
  • Paid advertising accounts with data on previous campaigns aid future campaigns

There are always due diligence processes during the purchase of a pharmacy, ensuring a pharmacy is as it claims in the listing. Data is concrete. It can’t be questioned.

Google Analytics for Your Website

Let’s say you’re top of Google, and you get 1,000 clicks per month on that page. With a quick calculation on Google Ads, you can understand how much each click is worth for the keyword you’re ranking for.

If it costs £1/click for you to appear on Ads for “Yellow Fever Vaccine” and you’re getting 1k clicks per month? That’s £1k/month you can incorporate into the value of your business.

But you cannot do that without having the data. You cannot have that data without having a website. And this is why digitisation built into your business is a really quick way to increase the value of your business.

Don’t own your website? You don’t own the data within it either.

In the same way that if you owned a fleet of vans, you can incorporate the assets into the value of a business, but you can’t if they’re rentals, you can’t incorporate either a website or its data into your business valuation if you don’t own them.

Want some other quick ways to increase the value of your pharmacy?

A good yardstick for measuring the progress of your pharmacy by taking The Perfect Pharmacy Scorecard. 30 questions. 5 minutes. Tailored report, with advice for improvement in each area depending on how you score. Then a 5-day email action-plan diving into more detail on each major area of a pharmacy business (non-clinical).

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