If we talk about steps for starting pharma marketing company so, Step 1. You need to take experience in pharmaceutical industry that how you can sell your pharmaceutical products. Step 2. You need to choose your company name. Step 3. After that select your products, choose brand names for your products Step 4. You can also go for trademark registration if you want to. Step 5: After finishing these works you can go for company registration if you want to.other wise you can work as a firm Step 6. Apply for licenses - wholesale drug license, GST number. Step7. If you also have food products then you can take fssai registration or license. Step 8. Next step is to find out a good manufacturer who will manufacture your products. Step 9. Next steps is to get manufactured your products from that manufacturer. Step 10. Receiving of products. After receiving products, you can selling and marketing of your products. So, like that you can start your pharma marketing company step by step.
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.
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:
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.
Check out in Detail: Pharmaceutical Company Registration Process
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