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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
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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 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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