Selling weight loss medicines online

[daggerbackstage]

Hi, I would like to sell generic versions of weight loss drugs including semaglutide and tirzepatde. These are shipped from China.
How would the online store work? Can it be done legally? Is it possible to accept card payments?

 

[Martin Everson]

I don't know where you will be selling from or where your customers will be based but you may want to work this out first. Then you will need a high risk payment processor if you do work out it is legal to do what you plan on doing.

You can find a list of high risk merchant account providers below in Mentor Group Gold.

https://www.offshorecorptalk.com/th...-risk-payment-processor-check-the-list.39138/

 

[alley]

Requires Mentor Group Gold access, but even though I’ve had access for a long time, I hadn’t seen that thread before.
There are a lot of payment processors listed there, looks like a lot of work went into it.

 

[Eurocash]

Hi, I would like to sell generic versions of weight loss drugs including semaglutide and tirzepatde. These are shipped from China.
How would the online store work? Can it be done legally? Is it possible to accept card payments?

I was involved in this back when there was money to be made in compounding.

If you want to stand a chance, you'd need LegitScript certification, 500,000 USD to burn on ad spend until you (might) become profitable, among other things.

The legal market is now not possible for new entrants.

What you're describing is the illegal market.

How this is done is the sales reps for Chinese manufacturers sell the compounds directly to end users via Telegram and Discord.

They get paid via bank transfer, usually into Wise accounts in the names of totally unrelated businesses "ABC Digital Makerting" type of vibe.

Unless you are a Chinese manufacturer, you won't be able to compete with them on price.

And you could go to jail.

Pick another niche.

 

[daggerbackstage]

I was involved in this back when there was money to be made in compounding.

If you want to stand a chance, you'd need LegitScript certification, 500,000 USD to burn on ad spend until you (might) become profitable, among other things.

The legal market is now not possible for new entrants.

What you're describing is the illegal market.

How this is done is the sales reps for Chinese manufacturers sell the compounds directly to end users via Telegram and Discord.

They get paid via bank transfer, usually into Wise accounts in the names of totally unrelated businesses "ABC Digital Makerting" type of vibe.

Unless you are a Chinese manufacturer, you won't be able to compete with them on price.

And you could go to jail.

Pick another niche.

my source is very competitive already. what other niches do you suggest?

 

[Eurocash]

my source is very competitive already. what other niches do you suggest?

The problem with what you're planning to get into is that it's illegal.

It can be quite hard to market illegal products/services.

You'd have to use a lot of burner meta ad accounts and stuff like that, plus run the discord/telegram groups.

It's quite intense from what I can see.

Up to you but I feel as though you're going to be seriously up against it trying to compete with the Chinese, and, of course, you do all of this at reasonably high personal risk

 

[daggerbackstage]

The problem with what you're planning to get into is that it's illegal.

It can be quite hard to market illegal products/services.

You'd have to use a lot of burner meta ad accounts and stuff like that, plus run the discord/telegram groups.

It's quite intense from what I can see.

Up to you but I feel as though you're going to be seriously up against it trying to compete with the Chinese, and, of course, you do all of this at reasonably high personal risk

you're right. can you pm me?

 

[dany]

That’s a solid analysis and very well spotted, you clearly know what you’re talking about. I honestly didn’t think it would be that hard to make a couple million in that niche in a short time, especially before the window closes.
As long as you’ve got some starting capital, pharma has always been a highly lucrative business.