Business
In January 1887, Fulford registered G. T. Fulford & Co. in the Leeds County Registrar, as a vendor and manufacturer of patent medicines. In 1890, a local McGill-trained physician, Dr. William Jackson, sold him the rights to Pink Pills for Pale People for $53.01. This patent medicine would make him a millionaire.
Dr. Williams' Pink Pills for Pale People were marketed in 87 countries worldwide, including Canada, Britain, France, Belgium, South Africa, Singapore, Australia and China. Fulford was an innovative advertiser. He relied heavily on testimonials, submitted by customers, of miraculous recoveries. He would have these printed in newspapers in a way that it was difficult to differentiate news articles from the advertisements, so readers would see headlines proclaiming these miraculous recoveries, and read on to learn that they were saved by Pink Pills. By 1900, he was spending £200,000 yearly in Britain alone on advertising.
Dr William’s Pink Pills for Pale People were sold in Canada for fifty cents per box, or $2.50 for six boxes. Essentially, they were an iron supplement, containing mostly sugar, starch and an iron sulphate. While not the cure-all they were marketed to be, in an age where anaemia was common, the pills truly did make people feel better.
After Fulford’s death, G. T. Fulford & Co. was managed by different associates, and only went into receivership in 1989. He is a telling example of successful entrepreneur, and illustrates the profitability of patent medicines during that period.
Read more about this topic: George Taylor Fulford
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