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:
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 to become competitive and consumption in each hospital and market your products accordingly.
3) How long will it take to run this business smoothly and grow?
It takes nearly 3 to 5 years to establish a business.
Hope above information is helpful to you...
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com
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