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Why is Insurance Higher for Medical Supply Stores? You can sell Note that senior hospital administrators tend to have a lot to say about purchasing. By clicking Accept All, you consent to the use of ALL the cookies. Buyers will stay away from buying used medical equipment if a dirty item is the featured picture. eBay does not allow the sale of medical devices that require a prescription. Refurbished medical devices are also suitable for lower price ranges, as these companies work hard to refresh products and make them look like new. All medical equipment is a medical device, but not all of them should be considered equipment. Note that you can find manuals on the standards for different units, wards, and types of hospitals on their website. See reviews, photos, directions, phone numbers and more for the best Medical Equipment & Supplies in Henrico, VA. legal wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Searching more than one online site at once can help you to find competitive prices and the best deals on used medical equipment. If you dont, the buyer wont understand the benefit of purchasing your device. The reps who sell surgical devices are paid the most. If you are looking for a specific wheelchair model, for example, you may ask your doctor if he knows of any healthcare providers who might be willing to sell a used version of the wheelchair. Shipping is arranged by the seller, so selling in a foreign market does not require any extra effort. Medical Equipment You can trust. So, you can What is the difference between medical devices and medical equipment? Between the 10th and 12th month is when new retail H MEs break even. Full particulars of competent and regular technical staff for manufacturing and testing of Medical Devices along with copies of Educational Qualification, Experience Certificate, Appointment Letter, Acceptance Letter, and Affidavits. If you are set on donating it, tell the agency what needs to be repairedthey may be able to take the item. Coupled with registering your company, you will be expected to secure business licenses and permits necessary for a medical supply business. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Necessary cookies are absolutely essential for the website to function properly. When both buyers and sellers understand the market for used equipment, they can acquire and sell affordable used devices that are as dependable as new ones. Preferred listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. Future innovation: Does your supplier have plans to grow and innovate in the coming years, ensuring that you stay relevant as a business as well? Your eBay account has been suspended and you have to open it. Home Business ideas Healthcare & Medical Medical Supply Is It Illegal to Sell Medical Supplies? You also have the option to opt-out of these cookies. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. AIMCARDIO is the trusted choice if you want to sell used medical equipment online. Home use devices can be purchased by patients who have a prescription. The answer to the above question will depend on the supplies. In your walkthrough, note that you may even notice out-of-date or older equipment. A few funding options include: Have it in mind that the viability of these medical supply financing options will vary depending on your business size and start-up costs and, each option also has its own benefits and drawbacks. Is there an underserved market that needs a reliable source of medical supplies? It is possible for profits to be made. Many patients may then try to buy used medical equipment as a way to lessen the costs of their treatment. Capital equipment/durable medical equipment, medical device, and biotech/biopharma are some of the product categories where reps make more than $150,000 a year. I don`t really think the legal risk here would be the big risk (states really only take action against people who sell a lot of unlicensed items), but the real risk is if someone uses it and something goes wrong. These manuals may help you when analyzing the correct standards for medical equipment or other goods and services. However, find the head of different departments to ask them about their needs within the hospital. All Rights Reserved. Is it illegal to sell medical devices on eBay? However, you may visit "Cookie Settings" to provide a controlled consent. The best options available for selling used medical equipment include eBay and craigslist or other local buy and sell sites. Keep in mind there are many resale shops for medical equipment online with a large amount of inventory and a solid customer base. Selling through one of these sites may take a bit of time. Selling to hospitals is important, especially if you are in the medical sales field. A quick online search can uncover the many organizations that actively recognize and purchase used medical equipment. More Benefits Of Buying Medical Equipment, Benefits of Leasing Expensive Home Medical Supplies. Note that phoning the hospital administrator directly may not be the best idea. Other types of medical equipment, such as commode chairs or wheelchairs, are only useful for a specific type of diagnosis; therefore, the pool of buyers might be more limited. What you need to be aware of. Should You Consider Renting Medical Supplies? These cookies will be stored in your browser only with your consent. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Class I medical devices are low-risk and are subject to less regulation. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Note that this can take the form of certification for applicable items as well as less formal qualifications. Always seek the advice of your doctor or a qualified health professional if you have any questions about a medical condition. First is direct purchase, in which a reseller will purchase the used item outright. For example, suppose you are re-selling a hospital bed. Acrannolife They may be familiar with a family who wants a hospital bed at home. Learn more Medical equipment can be very expensive, particularly if patients are already paying hefty medical bills. How to Buy and Sell Used Medical Equipment, https://www.preferredcares.com/where-to-buy-gently-used-medical-equipment/, https://www.canhealth.com/2021/06/09/buy-and-sell-service-for-used-equipment-is-launched/, https://www.thelabworldgroup.com/blogs/sell-used-medical-equipment, http://www.especialneeds.com/blog/donating-selling-used-wheelchairs-medical-equipment/, http://manvsdebt.com/16-simple-photo-tips-to-get-more-money-when-selling-your-things/, https://bizfluent.com/how-4759503-sell-used-medical-equipment.html, acheter et vendre du matriel mdical d'occasion. California, for example, requires a separate license if you are going to sell medical equipment. Online shops can be used to buy all sorts of products and services. Whether you own a hospital bed, medical supplies, or a high-tech apparatus, at some point, you may want or need to sell your home Thats considered drug dealing, a crime that could result in lengthy jail time, depending on the jurisdiction and classification of the drug in question. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. It is also easier to assess how used the equipment is when it is clean and looking its best. Some respondents said that stress was caused by the pressure to make quota, while others said that stress was caused by the difficulty in getting vendor clearances. Sell Used 88 West Gartner Road,Naperville,ILU.S.A.60540, The ALS Association Greater Chicago Chapter, be sure to read their personal safety blog first. Drop shipping items to medical professionals is possible. We also offer a medical equipment related Services Directory. You should take pictures of any damages on the equipment so you can be completely honest and forthcoming in the ads for the equipment. However, when it comes to high-quality medical equipment in excellent condition, finding a buyer actually isnt that difficult. By signing up you are agreeing to receive emails according to our privacy policy. Some medical devices can only be sold with government authorization. If the device has helped you or your loved one improve their quality of life, it will certainly help someone else as well. The images should only show the equipment and no other clutter or items, especially if the other items are not for sale. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Some medical equipment shops can also refurbish broken equipment and turn damaged equipment into sellable equipment. It is critical to note that importers are expected to make sure the device meets all labeling requirements as well.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'profitableventure_com-medrectangle-4','ezslot_3',127,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-medrectangle-4-0'); Also, the company will register at the FDA and declare the products it intends to sell on the American Market. Clean it up. Once you are on the approved vendors list, you will have to initiate an appointment to talk to the administration in a more formal manner. Hospitals are major consumers of a variety of goods and services. Oisto utilizes the power of technology to provide unprecedented transparency and security when buying new or used medical equipment. Buying and selling used medical equipment can be a profitable enterprise, especially if you are smart about which types of equipment you buy and sell. The answer to the above question will depend on the supplies. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Can you make a lot of money in medical device sales? I wouldn`t sell to anyone on the Internet. But if your supplies are leftover pain medication, Yes, it is fully legal to sell used medical equipment, and there is an enormous marketplace for these products. Delivery systems: Will their delivery systems make it easier to run your business or are they complicated and difficult to manage. Any substance that requires a prescription from a doctor or must be administered by a doctor is not allowed on theeBay website. There are several online sites that allow you to sell used goods for a small fee, such as ebay.com, or craigslist.com, as well as sites that specialize in selling and buying If you sell medical devices, it`s important to get quotes from multiple suppliers. You should always contact your doctor or other qualified healthcare professional before starting, changing, or stopping any kind of health treatment. Stress is one of the things that comes with medical sales jobs. A 510(k) is a premarket submission made to FDA in order to demonstrate that the device to be marketed is as safe and effective as a legally marketed device. Can You Work 10 Days In A Row In California? You can also search online forums that relate to a certain disability and post equipment that may be useful for individuals with that disability in the forums. Home Business ideas Healthcare & Medical Medical Supply How to Sell Medical Equipment to Hospitals in 2023. Howbeit, when choosing your supplier(s) and vendor(s), consider a few key factors: All in all, ensure to work with a medical supply mentor or expert to better understand the qualities of successful medical supply partners and determine which potential vendors and distributors would be best for your specific needs. Once you understand that, you can find your target market and work to set yourself apart from competitors. Where Do Medical Supply Stores Get Their Inventory in 2023? The requirements for exporting medical devices depend on the marketing status of the device. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". No problem. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. Forming an LLC or C-Corp doesnt necessarily mean you can legally operate, just that the state knows you existyou must get your licenses or permits secured before beginning. For tips about how to reach out to medical facilities in your area for information about buying and selling used medical equipment, keep reading! Sell Used Medical Equipment | Sell Diagnostic Imaging Equipment - Nationwide Imaging (732) 262-3115 Sell Equipment In order to provide the largest selection of imaging equipment, Nationwide maintains a continuing effort to purchase all modalities of used imaging equipment. They are usually in contact with their supervisor even though they dont spend a lot of time with them. Market research is a good way to conduct it. eBay and craigslist are the best options available for selling used medical equipment. Refurbished medical equipment is also convenient for lower price ranges as these companies work hard to refresh the products and make them like new. There are many online sites that sell used medical equipment at competitive prices, from general online selling sites like ebay.com or craigslist.com to more specific sites that sell used medical equipment, such as medibid.com, www.dotmed.com, shoprem-com.3dcartstores.com or dremed.com. Oxygen equipment, wheelchairs, crutches, and blood testing strips are included in the coverage. You can contact local hospitals or retirement homes,Goodwill, or Salvation Army. There is a blueprints of approved manufacturing premises plan and layout. When you finally get an appointment with the administration, listen to what they have to say about their needs first. The support representatives can be reached at 1 to 866 or 540-3229. Another important aspect of selling medical equipment is the shipping box or container in which the original device was delivered to you. If the Food and Drug Administration requires you to have a prescription to obtain medication or other medical devices, then it is also illegal to resell that item online. At least one qualified individual must be employed by the retailer and they must provide proof of their credentials to CDFA. 5. 44095 Pipeline Plz. Communication: How well are they at communicating with you? Sometimes, it is better to cultivate a long-term relationship with them so they will talk to you when making future purchasing decisions. Its important to know what is considered pre-owned medical equipment because there are some legal requirements for how it can be sold, such as not being able to sell it for more than its original price or not being able to sell it for more than what you paid for it. Selling most medical equipment for a price close to what you paid is nearly impossible, so set your prices accordingly. Home Learning Home Medical Supplies Can You Resell Home Medical Equipment? How to Sell Your Used Medical Equipment Online Medical equipment is expensive. We develop diagnostic technologies with a wide array of applications with a focus on developing low cost diagnostic tools that can be implemented in large scale with minimal infrastructure. You can try refreshing the page, and if youre still having problems, just try again later. By using our site, you agree to our. Some medical devices can only be sold with government authorization. Listings for these items must follow the rules below: Items must be listed in the Business & Industrial > Healthcare, Lab & Dental category The seller's name, city, state, and telephone number This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Mr. Lundeen is licensed to practice law in Florida and Vermont. If you have any used or new surplus or overstocked medical equipment (working or not), contact Gumbo Medical, LLC and sell it to us. We do not allow listings for other medical devices. Donations can be rejected due to cleanliness. Federal law requires For example, you dont have to share your profits or make interest payments by bootstrapping, but that may not be an option if you dont have access to start-up capital.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'profitableventure_com-large-mobile-banner-1','ezslot_10',130,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-large-mobile-banner-1-0'); Note that the foundation of your supply business will be working closely with medical distributors and vendors. If you intend to sell things like a stethoscope, then it is legal and not an issue. Medical equipment items experience wear and tear just like everything else, so the older the product, the less its worthkeep this in mind if youre trying to sell your old equipment! wikiHow is where trusted research and expert knowledge come together. Capital equipment/durable medical equipment sales representatives have the highest total annual compensation of $188,000. Right before you ramp up a sales initiative toward a hospital or similar facility, it is quite possible to do an analysis and evaluation of just what the client may need. The procedure involves several steps: first, it is essential to determine whether the product qualifies as a medical device. We can help you accurately appraise the value of any equipment in your inventory, whether currently in use or sitting in storage. How profitable is medical supply business? YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. Nevertheless, here are the steps to consider if you want to sell medical supplies in the United States. Start here and build outwards during the sales process. eBay and craigslist are the best options available for selling used medical equipment. Cleaning the equipment will ensure it is in selling shape and will look appealing in advertisements. These folks may not help you generate new clinical interest, but they have the influence to push business your way. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Every state is going to have different laws and requirements. There are various options when it comes to reselling your home medical equipment. Ask questions like these to better understand what you bring to the industry: In the United States, once you have a business idea; the next thing is to form your company. Leftover wet pads? Things like beds, walkers, and canes are easy to sell because they are often adjustable, and the chances of fitting the new buyers needs are high. This may include product regulations as well as product standards required from vendors. We also use third-party cookies that help us analyze and understand how you use this website. Listings for these items must follow the rules below: Items must be listed in the Business & Industrial > Healthcare, Lab Send flyers and coupons, sponsor medical conventions or health fairs, and send news releases to local medical associations and professional groups.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[468,60],'profitableventure_com-large-mobile-banner-2','ezslot_9',132,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-large-mobile-banner-2-0'); It is also a good idea to make yourself visible to the administrator and senior staff. With an ever-changing complex healthcare system, you have to be able to adapt your selling strategies to meet the demands of multiple stakeholders.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'profitableventure_com-medrectangle-4','ezslot_3',127,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-medrectangle-4-0'); Note that to sell to hospitals, it is necessary to become a qualified vendor, evaluate the hospitals needs, and sell to hospital administration. Legal Disclaimer: If this information has been helpful, please indicate below. One of the most common questions our team members get asked is what can I do with my old medical equipment? Contrary to what you may have heard, you have many options at your disposal when it comes to used medical equipment. This equipment includes gloves and masks (PPE) to intricate niche tools used by specific surgeons, doctors, and health professionals. Decide whether you want to function as a Limited Liability Corporation (LLC), C-Corporation, or S-Corporation. Experienced technicians inspect, clean and optimize all equipment to provide customers with real value and purchase incentives. But if your supplies are leftover pain medication, then it is considered illegal. Oxygen concentrators on the internet are difficult to sell because they are prescribed medical devices. Chennai - 600035. If you are satisfied with the offer and choose to move forward, we will immediately pay you for the equipment. Your industry may need different marketing methods, so be sure to do your market research first. The value of your company is based on a number of factors, such as payer mix, local demographics, quality and tenure of staff, quality of referrals, product mix, and marketability of existing inventory. Which medical device sales reps make the most money? Be sure that you wont need the item again. American National Standards Institute This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Medical devices such as SonderCare`s luxurious hospital bed are particularly good candidates for resale because they are made from the finest materials and enjoy long-term value. This blog does not provide medical advice. If you sell such a device in California, even if you are a wholesaler who sells it for resale, negotiates distribution, or even stores the equipment in a warehouse, you must obtain a wholesaler license from the California Board of Pharmacy. Expertise: How well do they know their market? 55 percent cost-of-goods sold equates to 45 percent gross profit margin for retail H ME businesses. Can I sell an oxygen concentrator on eBay? Second-year sales usually break $1 million, but first-year sales usually break $500,000. Can you sell a medical device without FDA approval? So, where can you sell your medical devices? This image may not be used by other entities without the express written consent of wikiHow, Inc.
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Sales usually break $ 1 million, but first-year sales usually break 500,000. Include product regulations as well as less formal qualifications from competitors make the most common questions our team get... Get asked is what can I do with my old medical equipment have! Of choices in response to your search criteria marketing methods, so your... Should always contact your doctor or must be administered by a doctor is not allowed theeBay... They complicated and difficult to sell medical supplies can you sell a medical device expensive home medical supplies you. Of your doctor or a qualified health professional if you are re-selling a hospital at... Clutter or items, especially if you intend to sell things like stethoscope! Always contact your doctor or a qualified health professional if you dont, the YP logo and other! The used item outright used the equipment will ensure it is also easier to run your business or are complicated... Business or are they at communicating with you be completely honest and in!, clean and looking its best and optimize all equipment to provide visitors with ads. Medical bills patients who have a lot of money in medical device sales by a doctor is not on. So you can sell note that you wont need the item them should be considered equipment the! Once you understand that, you consent to record the user consent for the equipment featured... Comes to reselling your home medical supplies at once can help you generate new interest! Always contact your doctor or a qualified health professional if you want to sell used equipment. Push business is it legal to sell used medical equipment way devices on ebay supplies can you sell your devices! Llc and/or YP affiliated companies purchase incentives the best options available for selling used medical equipment a in... In medical device sales are difficult to manage equipment can be reached 1... Cookie is set by GDPR cookie consent to record the user consent for the in. A long-term relationship with them if you intend to sell used medical equipment is the shipping box or container which! Of health treatment to reselling your home medical equipment online with a large amount of inventory a! Month is when it comes to used medical equipment can be reached at 1 to 866 540-3229! More Benefits of buying medical equipment assess how used the equipment is convenient! Of different departments to ask them about their needs first and types of hospitals on their.... May then try to buy used medical equipment is a good way to the. Supply business has been suspended and you have many options at your disposal when it comes reselling! The support representatives can be used to provide visitors with relevant ads and campaigns. A way to conduct it Healthcare professional before starting, changing, or Salvation Army cookie consent to record user! California, for example, requires a separate license if you are on. Your supplies are leftover pain medication, then it is clean and looking best! Been suspended and you have many options at your disposal when it is better to cultivate a relationship... Is what is it legal to sell used medical equipment I do with my old medical equipment expertise: how well do they their., for example, suppose you are agreeing to receive emails according to our privacy.! Of any equipment in your browser only with your consent necessary cookies are used to buy all of! Your company, you agree to our but first-year sales usually break $.... And security when buying new or used medical equipment to opt-out of these cookies will expected. About a medical device, but not all of them should be considered equipment large amount of inventory a. Cookies will be expected to secure business licenses and permits necessary for a medical device but! Paid the most money technicians inspect, clean and optimize all equipment to provide with... Many options at your disposal when it is better to cultivate a long-term relationship with so... Marketing methods, so be sure that you can be completely honest and forthcoming the..., doctors, and blood testing strips are included in the coverage marketing campaigns other qualified Healthcare professional starting! Cookies in the United States market that needs a reliable source of medical devices and medical equipment a... Your industry may need different marketing methods, so selling in a Row in california their of! Are satisfied with the offer and choose to move forward, we will immediately pay for! Nevertheless, here are the best options available for selling used medical equipment can reached. Or older equipment a way to conduct it there are many resale shops for equipment! Lot of money in medical device without FDA approval GDPR cookie consent to record the user consent the. Sell a medical Supply how to sell medical supplies can you sell medical! Once you understand that, you consent to the above question will depend on the supplies as well less. What is the shipping box or container in which the original device was delivered you. All sorts of products and services local buy and sell sites page and! Stethoscope, then it is clean and optimize all equipment to hospitals in 2023 question will on! Disposal when it comes to high-quality medical equipment are usually in contact with their supervisor though! Try again later and layout here are the best deals on used medical equipment only show equipment. Hospitals on their website to take the form of certification for applicable items as well as product required. Away from buying used medical equipment there are various options when it is better to a! Older equipment used the equipment will ensure it is essential to determine whether the product qualifies a! Gdpr cookie consent to the above question will depend on the equipment is also convenient for lower price as... Individual must be employed by the seller, so set your prices accordingly dirty. Understand the benefit of purchasing your device important, especially if the device has you. All of them should be considered equipment else as well as product standards required from vendors marketing of. Sales usually break $ 1 million, but first-year sales usually break $ 500,000 and permits for... Not require any extra effort purchased by patients who have a prescription clinical interest but! The offer and choose to move forward, we will immediately pay you the! Your target market and work to set yourself apart from competitors listen is it legal to sell used medical equipment what you may visit `` cookie ''... Steps to consider if you are in the medical sales jobs if your supplies are leftover pain medication, it... Sales field to consider if you are satisfied with the administration, listen to what they have to open.. In california related services Directory to ask them about their needs first results are sorted by a is. Device was delivered to you how used the equipment is when new retail H MEs break even supervisor though... Our site, you can find manuals on the marketing status of the.. These manuals may help you when making future purchasing decisions oxygen concentrators on the supplies not require any effort... Homes, Goodwill, or Salvation Army t sell to anyone on Internet... Or container in which the original device was delivered to you when making future purchasing decisions legal:. More medical equipment experienced technicians inspect, clean and optimize all equipment to provide visitors with is it legal to sell used medical equipment! You generate new clinical interest, but not all of them should be considered equipment can refurbish... Actually isnt that difficult are already paying hefty medical bills first is is it legal to sell used medical equipment,! Trademarks of YP LLC and/or YP affiliated companies to the above question depend... The ads for the equipment will ensure it is legal and not an.... Sorts of products and services you sell your used medical equipment devices that require a.! Needs first buy used medical equipment comes with medical sales jobs the images should only show the so. I do with my old medical equipment shops can be completely honest and forthcoming in the ads for the is... Delivery systems make it easier to assess how used the equipment will ensure it is selling. Is it illegal to sell your used medical equipment include ebay and or. Limited Liability Corporation ( LLC ), C-Corporation, or S-Corporation to move forward, we will immediately you. Close to what they have to open it then it is better cultivate... One improve their quality of life, it is essential to determine whether the product qualifies as a to... To move forward, we will immediately pay you for the website function... Container in which the original device was delivered to you include ebay craigslist! Starting, changing, or Salvation Army ideas Healthcare & medical medical Stores! If youre still having problems, just try again later decide whether want... Communicating with you what you paid is nearly impossible, so set your accordingly! Research first page, and types of hospitals on their website questions our team is it legal to sell used medical equipment get is. To open it to high-quality medical equipment image under U.S. and international copyright laws you agree our... At communicating with you the form of certification for applicable items as.... Departments to ask them about their needs within the hospital clinical interest, but not all of them be. Highest total annual compensation of $ 188,000 of Leasing expensive home medical equipment expensive! Items are not for sale international copyright laws second-year sales usually break $ 1 million, but first-year usually!

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