How should I further proceed and minimum budget for marketing company?

Query:

Thank you first of all for your wonderful blog.
I am a MD Pharmacology Doctor. I want to start my own pharma company. But I don’t have any marketing or sales experience. How should I further proceed and minimum budget I need to start. My family member is M.pharmacy registered. And I am at the start of my career. Is it right time to do this.

Response:

Read complete requirement for starting pharma marketing company here

Minimum budget requirement, you can read at our article: How much investment is required to start pharma comapny?

Without sale and marketing experience you have to suffer at some levels. You can proceed with hiring anyone having sales and marketing experience. At career starting level it is not recommended to start any business. One should proceed in business when he/she has one secure and established income source. Otherwise it is more difficult to make adjustment in both way.

Hope this information will be helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Which one is Better between Own Marketing Company and Franchise Marketing?



Query:

At first I’d like to thank you all for your valuable information on ‘how to start a own pharmaceutical company in India’. It was quite informative. But I want information as per my own profile and need. I’m having a experience of eight years in pharmaceutical sales and marketing with the companies like ————————— and currently working with ————————-.
Sir/Ma’m I wanna be a pharma entrepreneur and which mode would be the best for me to start with it- by registering own company or through franchises? I want to operate it in north Bihar. The Kosi region and the Tirhut region at first. Please give your valuable guidance on it. Looking forward for your kind support.

Response:

Your decision depend at your financial situation. Franchise marketing will need less investment while marketing company will require huge amount. Both has own advantage and disadvantage. We will discuss here so you can decide which one is better option for you.

  • Franchise marketing requires less investment and can be started instantly while own pharma marketing company requires more investment and take time period to start in starting.
  • In Franchise marketing, you can launch a good number of products at once without fear of much loss & expiry due to minimum quantity (i.e. 200 tab/ 500 tab etc.) as per need while in pharma marketing company, you have to get manufactured product at batch size basis. Minimum of twenty to thirty thousand tablet will be required to place order.
  • In Franchise Marketing, Franchise company brand names and company name will be promoted while in own marketing company, your own company name and brand name will be promoted.
  • In Franchise Marketing, you will not have to invest at promotional and marketing material because that’s the responsibility of company whereas in own company you will also have to invest at promotional and marketing material.
  • In franchise marketing, you can invest your whole time at promotion and marketing only, you don’t need to concentrate at procurement of products whereas in own company, you have to divest your time at procurement along with marketing.
  • In Franchise marketing, any time company can stop to supply its products or can supply to another distributor in your area whereas in marketing company, if one manufacturer refuse to manufacture, you can get manufactured your brand names from other one.
  • In Franchise marketing, you have to depend at company strategy for launching new molecules in market whereas in own company, you can launch new products depend at market demand.

Depend at above factors, you can decide which will be better for you. We recommend you to start with franchise marketing with minimum invest. After achieving a particular stage, you start to launch your company by getting manufactured latest molecules one by one according to market demand.

Hope this information will be helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Read Related Articles:

Do I need two licenses one for whole sale and other for marketing my own drug?



Query:

I am registered pharmacist from Uttar Pradesh, apart from that i am M.pharm from pharmacology. I am interested in starting my own pharma business at Allahabad (U.P). I want to start pharma whole sale business also i am interested in starting my own company who sells the product of their own brand name but manufactured by other company.

For example i want to sell ciprofloxacin tablet by my own brand name like cipar (Marketed by —– pharma and mfg by — pharma). What is the procedure?

Do i need two licenses one for whole sale and other for marketing my own drug?
Is there any benefit if i have medical store license?
If I have medical store license will it be enough for whole sale business.
Please guide me.

Response:

You need only single wholesale license for it. You can take wholesale license from name of Company you want to start. Also you need of sale tax number for doing business transaction. Read whole process here

You have to get manufactured your products at third party basis for launching your brands as you want. Read whole third party process here

Medical store license is retail license where wholesale license is different thing. Medical store license can’t work like wholesale drug license. If you have retail license, you can get only single benefits of selling medicines directly to patients at prescription.

Hope this information will be helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Main requirement for pharma marketing company

Query:

First Thank you for making pharmafranchisehelp.com blog.
its so helpful for people like me who want to make career in Pharma
industry.
Sir, I am Science graduate and having 8 years experience in
pharmaceutical sales and marketing. Now i like to start own pharma
company with own brands. i having same confusion After registration
of privet ltd. company and brand registration for Trade Mark , Need to
select third party manufacturer, c&f and district wise stockist . At
which step I need D.L. and if I don’t have own D.L. so what can do ?
Please Guide for same.

Response:

You need drug license number before going in third party manufacturing. Manufacturer will not manufacture your brands without your drug license number. For receiving, stocking and dispatching of medicines, you need drug license number. Read whole requirement for pharma marketing company here

For own marketing company, you should apply for drug license number.

Hope this information will be helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

My Budget is very low maximum 1 Lakh

Query:

My Budget is very low maximum 1 Lakh

Response:

You can start by taking franchise of any pharma company if you haven’t much budget. Franchise marketing could be started with minimum investment as low as 10000/- only. Find list of franchise companies by clicking here

Read also

1. Key Points that should be considered while starting pharma/Ayurvedic Franchisee Company
2. Steps for starting Pharma/Ayurvedic Franchisee Marketing!!!!!!
3. Things that should be considered before starting pharma/Ayurvedic franchisee business
4. Which Pharma/Ayurvedic Franchisee Company (PFC) or PCD Company will be best for association? What to do before finalized your PCD or Franchisee Company?

Hope this information will be helpful to you…

How to start my own pharma marketing company ?

Query:

I have confused how to start my own pharma marketing company ,i want hole process about this.

Response:

Don’t just confused. Take a long breath and think about the Name from that you want to start pharma company.
Choose and finalize all molecules you want to launch
Talk to the manufacturers and finalize vendor for your products
Apply for wholesale drug license and sale tax number with company name
Packaging procurement leave for the manufacturer
Please order to the manufacturer and let him manufacture.
Receive the goods and start working

Read complete documentation and procedure here

Hope this information will be helpful to you…

How to start pharma marketing company?

Query:

I have read your blog regarding starting a new pharma company .
I had registered a pharma company name purpose of marketing general medicines. As of now I have only that registered company name and from here I really don’t know what should be do.
Requesting you to please suggest me next steps so that I can start the my marketing company asap.

Response:

You need to complete licenses i.e. Whole sale drug license and Sale Tax Identification number.
and then go for third party manufacturing process

Hope this information will be helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

How to start Pharmaceutical Marketing Company?

Query:

I am ———— from Nerul and I want to some information regarding new Pharma marketing company.

Response:

Ok sir
What type of information you need
Read in detail about How to start pharma marketing company?

Query:

I have already retail store but now I wanted to start marketing company so can I convert this D. L. number into wholesale or as per Company requirements.

Response:

You can take wholesale plus retail drug license number.
Do retail and wholesale together
Start company with wholesale drug license and also take GSTN

Query:

I have it
Tax no

Response:

Ok

Query:

Shop act license

Response:

Not Shop act license
GST number (prior Sale tax/tin/vat number)

Query:

But how I appoint stockists for my product distribution
Yes, I already have it for retail

Response:

What type of marketing you are seeking
Like
Ethical / branded promotion
Generic
Franchise
Or
Over the Counter(OTC)

Query:

Can I register company in same place on my current retail store.
Which is good for recent market

Response:

Yes, You can but you have to take license with name you want to start company
Because at one premises, only single work or company can work

Query:

The shop area is almost 350 sq ft. So I can partition and take license for company

Response:

Yes
You can do that
But take care what’s Area you have mentioned in blue print of your retail license application

Query:

OK
Sir, tell me the procedure for appoint distributor for ethical brand, and I make products by third party manufacturing

Response: 

For ethical marketing you can directly supply products to chemist from your company wholesale license
First choose third party manufacturer and contact third party manufacturer’s for third party manufacturing

Query:

What is lay out after manufacturing of product, means layout of chain…
Tell me sir, now what I do first, go for DL number or company register process.
I already in contact with TPM because now I have 3 company in franchise

Response:

First go for Company Registration
Then take drug license number  and gst with company name
Distribution chain, you can study at our article: Pharmaceutical Supply Chain

Is it possible that my marketing address is in Karnataka and my drug licence and TIN from Hyderabad?

Query:
I am ———– from hyderabad running a small pharma distribution in hyderabad.
First of all thank you for the THE PHARMA FRANCHISE HELP it is a informative knowledge bank especially for people like us.
My Query: I want to start Pharma Marketing Company. After going through Pharmafranchiseehelp i came to a conclusion that my marketing address should be from other state.
1) Is it possible that my marketing address is in karnataka and my drug licence and TIN from hyderabad so that it would be easy to receive stock and promote my product in hyderabad.
2) Whether I can use my pharma distribution Drug licence and Tin/cst/vat for the company or else i have to take a new drug licence and TIN.
3) If my marketing address is from karnataka. I guess I have to register my company in karnataka.
Thank you 

Response:

1). You can show your sales office or marketing office in address at Karnataka and can use this address as your marketed by address. and take license in hyderabad for stocking and delivery of medicines.

2) you can use your existing license for this purpose but We will recommend you to take separate license for company to avoid any problem in future.

3). Not necessarily, you have to register your company in Karnataka. You can take a premises at rent for your sale office purpose. And show marketed by address of same at product’s printing material.

Read at detail about your queries at:

Use of marketed by address in third party manufacturing concept !!!

What is Marketing Address ? Is it possible to have marketing address and operation from different places?

What is the difference between pharmaceutical loan licensing, third party manufacturing and pcd/franchise?

Which is the best option for Start-up? Third Party Manufacturing or Loan License Manufacturing!!

Hope above information is useful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

How to proceed to start Pharma Marketing Company?

Query:

I am  medicine doctor, I am working near Pune, Maharashtra. My uncle is as a medical representative for 10 years and now working as a manager in a pharmacy company. I want to start a pharmacy marketing company with him. My budget is nearly 10 lakhs rs approx. How to proceed with the same and do I need to increase my budget if I want to start with 1 oral antibiotic and other drugs like multivitamin, analgesic like coxib and antacids.

Response:


About budget, we have discussed in our article : How much investment is required to start Pharma company?

Investment is depend at product’s selection. For one oral antibiotic and few more products of analgesic, vitamins and antacid, investment seems to be enough.

You can start by starting partnership firm. Share of partnership could be at mutual discussion. First thing that we recommend all our readers to finalize company name, molecule selection, brand name selection, premises finalization etc.

Secondly complete all documentations for applying drug license number and sale tax number. Read Complete requirement to drug license number and sale tax number here

Meanwhile search for third party manufacturers also. Finding good manufacturers also a tricky work. You can face difficulty in finalizing third party manufacturers. Many of our readers share their experience with us about third party manufacturing. Based upon this, we now consider it one of most important part in starting pharma marketing company. Read Complete about third party manufacturing here

Hope above information was useful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com