Query: I am a veterinarian by profession. Have been going through your website from past 1 year and have planned now to give a start to my own pharma company. Please let me know what will be the first step I need to take. Answer: First Step you need to prepare yourself for Pharmaceutical Company: Preparation means Choose marketing type, Choose molecules want to launch, Location where you want to launch product, Choose Company, Products Name, Budget available... Choose marketing type: As number of marketing and selling types present in pharmaceutical market. i.e. Branded Marketing , Generic Marketing , OTC Marketing, Franchise Marketing etc. You need to select any one from above. Choose Molecule: Once you have selected which marketing type is best suitable for you then you need to select at which segment and molecules you want to work. Check out: How to choose products/service for business? Location: You can't launch your pharmaceutical company all over India or at broad area.
Question: My name is ------- from Kolkata. I just want to start an e pharmacy. Could you please be inform somewhat sales margin offline and online in local area?
Answer: Check out detail of starting e pharmacy business here
Profit margin in e pharmacy is also almost the same as of offline pharmacy. Offline pharmacy store have approx. 18-20% margin with few other benefits like free goods and other offers. Margin of pharmacies also vary based upon marketing of products like generic drugs, branded drugs, otc drugs etc.
Check out in detail: Profit margin in pharmaceutical industry
Answer: Check out detail of starting e pharmacy business here
Profit margin in e pharmacy is also almost the same as of offline pharmacy. Offline pharmacy store have approx. 18-20% margin with few other benefits like free goods and other offers. Margin of pharmacies also vary based upon marketing of products like generic drugs, branded drugs, otc drugs etc.
Check out in detail: Profit margin in pharmaceutical industry
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