Query: I've been reading your posts all the while and have been real thankful for great insights. We are in the process of launching an Ayurvedic brand in India which will be sold online through our own platform initially and then going forwards offline as well. Could you please help in answering following questions - We are getting products from a third Party manufacturer. Is there any other license which we need for selling the product online? Our company is registered and has a GST Number. Please let know if there if any license or documentation required to retail/sell ayurvedic products in India only? Answer: No Sir, You won't require any other drug related license... Your Third Party manufacturer only need to have approval of that product and a valid ayurvedic manufacturing license Check in detail: How we can ayurvedic products online in India?
As we have discussed in our article: How to take franchise of Ayurvedic Company? There are two types of Ayurvedic Companies who provide franchise. One type of ayurvedic franchise is Retail/Outlets or Mega Store Franchise like Patanjali, Himalaya etc and other type is monopoly marketing rights franchise Like Elzac, Cazle etc.
In this article, we will discuss about investment required to start franchise of both type of franchise.
Retail/Outlets or Mega store type of franchise:
In this franchise type, investment required is quite high. Mostly big ayurvedic medicine companies are involved in this type of franchise. Investment required is varied according to company wise but here we are giving you rough estimate of investment required to get outlet/retail or mega store type of franchise.
They require a minimum space requirement and initial investment requirement. Area and initial investment could vary according to company and its policy. If we take example of Patanjali Ayurved Ltd, experts says it require minimum of 300 to 1000 square feet space and have to invest 7-15 lakh.
This type of franchise is useful if you have high financial budget and space/premises at prime location of your city.
Monopoly Marketing Rights Franchise Type:
This type of franchise is suitable for ayurvedic distributors, BAMS doctors and hospitals, Sales professionals and related persons. In this type of franchise, Ayurvedic franchise companies provides medicines at net price basis which compensate marketing and promotional expenses & other expenses, and helpful in creating profit margin for franchise distributors.
This type of franchise requires no major investment. You can start with as low as 5000/- Rs amount and start working.
This type of franchise is useful if you have good knowledge of market and have sales & marketing experience in Ayurvedic medicines.
Both type of franchises has own pro and cons, and requires different types of conditions. First type of franchise requires hug investment whereas later type of franchise requires less investment. In first type of franchise, Company Name play an important factor at consumers end where as in second type of franchise, your capability and work plays an important role during sale.
Hope above information is helpful to you...
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com
In this article, we will discuss about investment required to start franchise of both type of franchise.
Retail/Outlets or Mega store type of franchise:
In this franchise type, investment required is quite high. Mostly big ayurvedic medicine companies are involved in this type of franchise. Investment required is varied according to company wise but here we are giving you rough estimate of investment required to get outlet/retail or mega store type of franchise.
They require a minimum space requirement and initial investment requirement. Area and initial investment could vary according to company and its policy. If we take example of Patanjali Ayurved Ltd, experts says it require minimum of 300 to 1000 square feet space and have to invest 7-15 lakh.
This type of franchise is useful if you have high financial budget and space/premises at prime location of your city.
Monopoly Marketing Rights Franchise Type:
This type of franchise is suitable for ayurvedic distributors, BAMS doctors and hospitals, Sales professionals and related persons. In this type of franchise, Ayurvedic franchise companies provides medicines at net price basis which compensate marketing and promotional expenses & other expenses, and helpful in creating profit margin for franchise distributors.
This type of franchise requires no major investment. You can start with as low as 5000/- Rs amount and start working.
This type of franchise is useful if you have good knowledge of market and have sales & marketing experience in Ayurvedic medicines.
Both type of franchises has own pro and cons, and requires different types of conditions. First type of franchise requires hug investment whereas later type of franchise requires less investment. In first type of franchise, Company Name play an important factor at consumers end where as in second type of franchise, your capability and work plays an important role during sale.
Hope above information is helpful to you...
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com
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