How to Start a Pharma Marketing Company in India?
How to Start a Pharma Marketing Company in India?
Pharma Marketing Company – Pharma marketing business is at peak of growth all across the world which leads to a lot of profit as with the popularity of pharma franchise business demand for medicines and healthcare products increases many people are planning to start their business career in this pharmaceutical sector to own a pharma franchise company because of its higher growth rate and opportunities but before starting a new business everyone have some confusions which are required to be clear , If you are the one who have some doubts about starting a PCD pharma franchise then here we are with some important points to give you right direction.
Tips for Starting Your Own Pharma Marketing Company:
If you are ready to start your pharma marketing business then here are some points you need to understand and follow:
- While starting a Pharma franchise business you should gather information from internet along with that survey market to get offline information which is very important factor.
- If you want to start a pharma franchise company then setting up a manufacturing unit is not important only all you need to do make a proper list of products you want to sell so that you can easily find a manufacturing company.
- Pick a best third party Pharma manufacturing Company with affordable and genuine product list and investment.
- Visit the market and know the demand of market around you. It will help you select the pharma franchise you should deal in.
Important License and Documents Required for Pharma Marketing
- Drug license (D.L.) number
- Sale tax number
- Company Registration
- Trade Mark per product or name: Estimated Expense (Rs4500 (government fees + advocate fees respectively)
- Goods and Service Tax Registration
- Food Safety & Standard Authority of India (Rs 100 annually for Re-registration)
- Private Limited Company registration: Estimated Expense – Rs8000 to Rs 9000.
- Private limited company registration
- Finalize the company Brand name/Trade name/ Company Name Registration
Some important Things Need to Focus:
- Name of any company or business is one of the most important thing because company name represent your service in the market among customers .So while staring a pharma PCD company go for unique and easy to remember names because it will easily hold the attention of customers.
- Make a survey about the products compositions and quality molecules available in market.
- Prepare a proper Product list according to your preference and demand of market.
- Choose trustworthy and experienced third party pharma manufacturing company/ contract manufacturing company for manufacturing of products with your brand name.
- For growth in business it is very important to promote your business and for promotions you should have good promotional materials.
- Start to contact for goods and employees for your company.
- Make sure before starting your own pharma marketing company you have to be registered for all legal certifications.
Requirements for Starting a Pharma Franchise Company:
- Premises with good infrastructure and environment.
- Experienced and killed team for working.
- All the important Office Accessories required like furniture, A.C, Fans etc.
- Proper availability of Electricity 24-7.
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