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Queries on starting Pharma Marketing company

Query: Sir, we are 4 friends willing to start a Pharma marketing company . We initially planned a budget of total 4 Lakh. We chosen 5 tablet items and 3 IV products which run on regular basis.  Following of the queries I wanted to share- 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). 2) How do we introduce general IV products into Private hospitals and nursing homes? 3) How long it will take a time to run this business smoothly and grow? Response: 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). Best way to know about this is that, you can take rates of your proposed products from manufacturers and calculate your costing. You would have better idea about your budget then. 2) How do we introduce general IV products into Pvt hospitals and nursing homes? We hope you have experience and knowledge in those molecules. You just conduct a market survey about prices at what these products are sold in market and you can sell those at what rates t
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First step need to take For Starting a Pharmaceutical Company

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. You need to define which location you want to launch first your pharmaceutical company. Location and area covered will depend at marketing type you choose... 

Choose Company Name: If all above steps are completed then you can forward to finalize company name for your start-up. Name should be unique and not resemble to any existing names in pharma. You should get trademark your company name after finalizing. Check out: How to find unique name for your business?

Products Name: You will also need to fix product name for the molecules you have chosen above.

Budget Availability: After finalizing all above steps. You need to check how much investment you can investment at your pharmaceutical company. As next steps depend at your budget.

लेबल:

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