+91 9824382041The pharma wholesale business is growing at a tremendous speed. It is because of the increasing demand for healthcare products and medicines.
This business will never disappoint you as there will be no shortage of customers or profit. Rather, it will open up new opportunities of earning for you.
Are you a budding entrepreneur who wants to make it your future by starting the best pcd pharma franchise in India?
If yes, then it is crucial to know about the steps involved in launching wholesale pharma business in India.
How to launch a wholesale pharmacy business?
You must know about wholesale pharmacy business companies that are operating in the market where you want to start the business.
With an experience of at least one year in any pharma company, you can start this business.
These are 6 steps to launch a wholesale pharmacy business:
First, you should arrange space for business
First, you need to arrange a vacant shop or space. You will not be selling the stock in retail or not selling to medical stores; therefore, location does not matter. Typically, a space of two hundred to three hundred square feet.
You can operate from any secluded place also. The only condition is that you should have fundamental amenities, such as electricity, road, and water.
When you rent the space, make sure you sign a rent agreement.
Registration and licenses
As per government rules, it is mandatory to have a drug license to launch a wholesale pharma business.
For that, you will have to visit the local office, or you can do it online.
You should have scanned copies of your documents and other details ready.
As per regulation, you should have to get GST Registration.
Whether you want to run pcd pharma franchise in Arunachal Pradesh or Kerala, the rules are similar.
Now it is time to contact pharma companies
The next and critical step is to approach pharmaceutical companies to buy the medicine.
Before that you should also find out medicines from which company are usually prescribed by doctors of that particular geographical region. You should remember that people often choose to buy exactly the same medicines that are written on their prescriptions.
Therefore, it is essential to spend time on research and to have a business plan. That will help greatly.
Contact pharma stores
Since it is a wholesale business, you should ask pharma stores in the locality. Therefore, employees appointed by the entrepreneur should be given the task of contacting the pharmacy in that area. You can also attract pharmacies through special offers by cutting your profit margin.
Apart from these steps, there is another important fact. You should try to reduce the operating expenses as much as possible. Then only you can increase your profits and be able to establish yourself in the market.
As mentioned in the beginning, pharmaceutical business is a profitable business. The only thing you need is systematic planning and meticulous implementation. The business of wholesale pharmacy will take your career to new heights.
Also read: How to Start Pharmaceutical Manufacturing Unit in India?
