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What is Pharma Franchise Model? A blog about how franchising works in pharma.

In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv

Am I eligible to apply for drug dealership license as Financial Analyst

Query: I am looking to start distributor business in Pharmaceutical so I need complete details from license procedure to apply for distributor ship. Can you please provide the details over email?
Also, I have question that Am I eligible to apply for drug dealership license if I don't have an experience in drug dealership? As I have done MBA in finance and have worked in finance company as Finance Analyst but now, I am interested to start distribution business in pharmaceutical at my place and also please suggest which pharma company's dealership I can apply for on the basis of profit, easy dealership process and formalities, etc. 

Response: For starting distribution in pharmaceutical sector, you require to have wholesale drug license and GST number.

Check out: Procedure and details for applying wholesale distribution license here

You are not eligible for applying for wholesale drug license on the basis of your experience as Finance Analyst. You must have either minimum of one year experience at drug agency or you must be a registered pharmacist.

If we talk about suggestion then this part is to be completed by yourself as we don’t recommend companies. You can search for pharma companies’ dealership on the our Business2Business Portal

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