Pharmaceutical Business is one of most profitable business throughout world. Main problem that is faced by most of person are from where to start, what are the legal and documentation formalities whether they are from pharma background or from any other background. Here we are going to prepare a list of businesses that are highest margin business in pharmaceutical business opportunities along with Ayurvedic and Food Sector:
1. Pharmaceutical Marketing/Distribution Company
Licenses and Legal Formalities:
How to Sell?
- Prescription Marketing
- Generic Marketing
- Pcd/Franchise Marketing
- OTC Marketing
- Institutional Sales (Hospitals, Tenders etc)
- Export
2. Pharmaceutical Manufacturing Company
Licenses and Legal Formalities:
- Company Registration
- Manufacturing Drug License Number
- Wholesale Drug License Number
- Goods and Service Tax Identification Number
How to Sell?
- Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
- Third Party/Contract Manufacturing
- Loan License Manufacturing
3. Carrying and Forwarding Agent (C&F)
Licenses and Legal Formalities:
- Wholesale Drug License Number
- Goods and Service Tax Identification Number
- Shop Registration (if Applicable)
How to Sell?
- Develop Distribution Channel
- Supply to Distributors and Stockists
- Supply to Wholesalers
- Institutional Sales
4. Wholesaler/Distributor/Stockist
Licenses and Legal Formalities:
- Wholesale Drug License Number
- Goods and Service Tax Identification Number
- Shop Registration (if Applicable)
How to Sell?
- Supply to Retailers/Pharmacies/Chemists/Druggists
- Institutional Sales
Read Related: Medicine wholesale business profit margin
5. Pharmacy/Chemist/Druggist
Licenses and Legal Formalities:
- Retail Drug License Number
- Goods and Service Tax Identification Number
- Shop Registration (if Applicable)
How to Sell?
- Supply to Patients against Prescription of Registered Medical Practitioner
- OTC Product supply
- Ayurvedic and Herbal Products
- Food and Dietary Supplements
6. PCD Pharma and Pharma Franchise Marketing and Distribution
Licenses and Legal Formalities:
- Wholesale Distribution Agency; or/and
- Appoint a Wholesaler or Distributor
How to Sell?
- Prescription Marketing
- Generic Marketing
- Pcd/Franchise Marketing
- OTC Marketing
- Institutional Sales (Hospitals, Tenders etc)
- Export
7. Pharmaceutical Raw Material Supplier
Licenses and Legal Formalities:
- Wholesale Bulk Drug License Number
- Goods and Service Tax Identification Number
- Shop Registration (if Applicable)
How to Sell?
- Supply to Pharmaceutical Manufacturers
- Institutional Sales
8. Pharmaceutical Raw Material Manufacturing
Licenses and Legal Formalities:
- Company Registration
- Bulk Drug Manufacturing License Number
- Bulk Drug Wholesale License Number
- Goods and Service Tax Identification Number
How to Sell?
- Supply to Pharmaceutical Manufacturers
- Raw Material Suppliers
- Institutional Sales
9. Ayurvedic Marketing /Distribution Company
Licenses and Legal Formalities:
- Company Registration
- Goods and Service Tax Identification Number
How to Sell?
- Prescription Marketing
- Generic Marketing
- Pcd/Franchise Marketing
- OTC Marketing
- Institutional Sales (Hospitals, Tenders etc)
- Export
10. Ayurvedic Manufacturing Company
Licenses and Legal Formalities:
- Company Registration
- Ayurvedic Manufacturing License Number
- Goods and Service Tax Identification Number
How to Sell?
- Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
- Third Party/Contract Manufacturing
11. Food and Dietary Supplements (Nutraceutical) marketing Company
Licenses and Legal Formalities:
- Company Registration
- FSSAI Registration (Food Business Operator Registration)
- Goods and Service Tax Identification Number
How to Sell?
- Prescription Marketing
- Generic Marketing
- Pcd/Franchise Marketing
- OTC Marketing
- Institutional Sales (Hospitals, Tenders etc)
- Export
12. Food and Dietary Supplements (Nutraceutical) manufacturing CompanyLicenses and Legal Formalities:
- Company Registration
- FSSAI License (Food Business Operator License)
- Goods and Service Tax Identification Number
How to Sell?
- Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
- Third Party/Contract Manufacturing
13. Cosmetic Marketing/Distribution Company
Licenses and Legal Formalities:
- Company Registration
- Goods and Service Tax Identification Number
How to Sell?
- Prescription Marketing
- Generic Marketing
- Pcd/Franchise Marketing
- OTC Marketing
- Institutional Sales (Hospitals, Tenders etc)
- Export
14. Cosmetic Manufacturing Company
Licenses and Legal Formalities:
- Company Registration
- Cosmetic Manufacturing License
- Goods and Service Tax Identification Number
How to Sell?
- Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
- Third Party/Contract Manufacturing
15. Printing and Packaging Material Manufacturer and Supplier
Licenses and Legal Formalities:
- Company Registration
- Any Legal Requirement for setting-up printing industry
- Goods and Service Tax Identification Number
How to Sell?
- Supply Packaging material to Manufacturing Company
- Promotional Material for all manufacturing and marketing Companies
16. Machinery/Equipment Manufacturer and Supplier
Licenses and Legal Formalities:
- Company Registration
- Any Legal Requirement for setting-up machinery or lab equipment industry
- Goods and Service Tax Identification Number
How to Sell?
- Supply Machinery and Equipment to Manufacturing Companies
17. Consultancy and Legal Service Firm
Licenses and Legal Formalities:
- Firm Registration
- Goods and Service Tax Identification Number
- Legal Qualification (If required)
How to Sell?
- Plant or/and New Company Set-up
- Legal matter Consultancy
- Placement and Man Power Provider
- Marketing, advertisement and administration Support etc
18. Blogging and/or Industry Informational Website
Licenses and Legal Formalities:
- Domain Name and Website
- Updated and Information Contents
- Sector Knowledge and Experience
How to Sell?
- Write information articles, Videos, designs and/or News
- Share through Social media, Website, Blog
- Earn through Adsense or other online advertising tools
19. Pet/Glass Bottle, Cap Manufacturer and Supplier
Licenses and Legal Formalities:
- Company Registration
- Any Legal Requirement for setting-up these industry
- Goods and Service Tax Identification Number
How to Sell?
- Supply bottle and caps to Manufacturing Companies
Hope above information is helpful to you… For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com
Read Related: How to sell ayurvedic medicines online?
