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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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How much % Pharma company actually gets benefit from celeb marketing?

Query:
I wanted to ask you pharma companies collaborates with celebs to market their otc products, could you throw light on how much % pharma company actually gets benefit from celeb marketing, and what according to you is more influential, brand name or well-known celeb.
I will be waiting for your response.

Response:
I think pharma companies get a lot...
Not at that brand which they are advertising but also in overall company reputation in the eyes of the medical community i.e. doctors, chemists, hospitals etc. That is about advertisement but when it comes to celebrity collaboration, mainly they collaborate with celebrities because celebrities have their own branding so they try to mix celebrity branding with their otc brand. But in my opinion, advertisements matter more than whether they have a celebrity in the advertisement or not...
In the pharmaceutical market, there are a lot of restrictions and companies have to follow advertisements and promotional guidelines related to mainly prescription drugs. They have mainly one tool that is to reach a doctor in any way either by visiting or through conferencing or any other mode and convince them to prescribe their products. Other than this they can't do more at prescription drugs.

So when it comes to advertisement of otc brands they want to promote that brand and also they want to give recognition to their overall business. So, they benefit in prescription drugs.
Even if companies don't have any celebrity in advertising and present a doctor who is recommending their product then I think it creates the same effect as of any well known celebrity...
It's not the Brand name or well-known celebrity, it's the advertisement and its message that matters most.

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