When we talk about pharmaceutical businesses, we talk about pharmaceutical manufacturing, marketing, distribution, retailing etc. But these works require lot of investment to start with. Pharmaceutical sector is regulated and one requires obtaining a particular license to start business in pharmaceutical industry.
If you are going to start pharmaceutical marketing company, you will require at least 5-6 lakh for below 10 product’s company. For starting small pharmaceutical manufacturing company, you will require at least 25-30 lakh rupees. Pharmaceutical distribution business will require 3-4 lakh and pharmacy/chemist shop will require at least 2-3 lakh and prime location to start with.
Arranging a huge investment for starting pharmaceutical business is main problem faced by young entrepreneurs that have experienced in pharmaceutical sector and want to start own pharmaceutical business. Pharmaceutical industry is a vast industry and a number of business opportunities are available other than mentioned above.
In this article, we are going to discuss about few business opportunities in pharmaceutical industry that can be started with no investment or minimal investment.
Pharmaceutical Consultancy Business:
Pharmaceutical consultant business is one of the best business opportunities to start in pharmaceutical industry without any investment. Pharmaceutical Consultancy Service business requires knowledge, experience, problem solving behaviour etc. Which type of consultancy you choose depend at department you have experienced in? Most common types of pharmacy consultancy businesses includes pharmaceutical export consultant, business development consultant, design consultant, regulatory affairs consultant etc.
Scientific and Medical Writing Services Business:
Scientific and medical writing involves writing scientific documents of different types which include regulatory and research-related documents, clinical study reports, brochures, patient safety narratives, pharmacovigilance documents, disease or drug-related educational and promotional literature, publication articles like journal manuscripts and abstracts, content for healthcare websites, health-related magazines or news articles etc.
Medical writers must have adequate knowledge of the therapeutic areas, the drug development process, pharmacology, drug safety, statistics, and regulatory guidelines.
Pharmaceutical Training and Educational Business:
Trainers in pharmaceutical industry provide training to the pharmaceutical, biopharmaceutical, medical device and clinical professionals related to their key jobs, skill, duties and responsibilities. Few types of training are sales force training, product training, Pharmaceuticals, Biopharmaceuticals, Regulatory Affairs, Clinical, Business Strategy, Manufacturing, R&D, Medical Device, Life Sciences training etc. It could be through off-site Training, On-site Training, e-Learning, Online Academy etc.
Blogging related to pharmaceutical and healthcare sector:
Blogging is a good way to express passion, ideas, knowledge, creativity etc. Along with as a tool for expression, blogging is a way for thousands of people for earning living wood. Blog is short form of weblog. If you started your blog through publishing article and writing then it will be known as blog or weblog. If you want to start video blog then it is known as vlogs.
Starting your business by writing and by making video related to pharmaceutical and healthcare industry is one of the least investment required business type. A blogging website could be started with below 5000 rs and a video channel at platforms like youtube and other social networks can be started with your smart phone. Check out our Pharmaceutical Blog here
Pharma Franchise Distribution Business:
Pharma Franchise Business is also come under least investment pharmaceutical businesses type. One can start his own pharma franchise business with as low as 5000/- investment. For starting pharmaceutical franchise business, one must have sales experience in pharmaceutical industry. Having relationship with medical professional is one of the key aspect for becoming successful in pharma franchise business.
Hope above information is helpful to you…
For any query and suggestion, mail us at pharmacfranchiseehelp@gmail.com
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