I read the Pros/Cons with them vs GS1… What’s interesting is they, themselves, are buying their unique prefix from GS1. Yet, they compare themselves against them. Citing GS1’s renewal fee as a Con.
Anyhow… In my case, I went with a higher prices reseller. Bought my first UPC batch from them about ten years ago… And they’re still in business… Yay… Which means my original UPCs are still valid.
I’ve never bought a UPC label from eBay. Especially not 1000 for $2.
It definitely sounds too good to be true. And, chances are it is.
I purchase my UPC’s from EZUPC. But, I pay $20. per UPC. It’s a lifetime UPC, so, I don’t mind the price for a single unit. It’s baked into the first product run.
Now, I may be over paying. But, this goes back to my research from 10-years ago. It was the first time I had to purchase UPC codes in bulk.
UPC’s are managed by the GS1 US. Usually a UPC code is 12-digits. And the first few digits are unique to a company. A company’s unique pre-fix can consist of 6-digits all the way to 10-digits. The amount of prefix digits determine how many unique Barcodes a company is allowed to create.
Using your example of 1K units, this is how the GS1-US would price it:
1) Initial 1st Year Fee of $2,500. You have the freedom to create up to 1K barcodes. If you maximize the UPC codes and create 1K, each individual UPC code would cost you $2.50 for the first year.
2) Annual Renewal Fee. To keep/maintain the UPC’s, you’d have to pay a renewal fee of $500 every year for the life of your UPC’s. At 1K UPC’s, each code would cost you 0.50 per year.
Granted, that’s an intro sample. Even the GS1 offers Bulk UPC’s up to 100K. But, if we run the same scenario at even a higher discount ($10.5K set-up & $2,100 renewal) it would cost $0.10 and $0.02 respectively per UPC.
So, let’s just say the eBay seller is selling ‘expired’ UPC labels they no longer need. Even so, it would cost them $20 annually to renew; every year; for the life of that UPC.
Now thinking about it… there may be a legit business around here. Especially with so many of us doing PL.
If the GS1-US charges $10.5K for the set-up and a $2.1K Annual Renewal Fee, that means to maintain 100K UPC’s for 100-years, it would cost US $220,500. Selling at $20 a pop, like EZUPC (a legit business), it would gross $2M.
There’s money to be made… maybe our Group can buy our own Unique Barcode Prefix. Time to pitch in…
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