Four Non avoidable things to consider before starting franchise of Ayurvedic Company!

When you look to start a Ayurvedic franchise distribution of an Ayurvedic Company, you should care about some important points that will decide your future in ayurvedic marketing. If you are new to work or are looking for a franchise company for the first time, it is very important that you select the company very carefully for marketing.

Those who are already working in ayurvedic franchise marketing know what are the qualities that should be in a ayurvedic franchise company. Today's era is service-oriented, the market has also become service-dependent. Only those who give good service can survive in the crowd of companies. There are many companies in this crowd who only know how to sell the product, they do not have anything to do with the difficulties of the their franchisees.

That's why before joining any company, make sure that company don't have common issues like shortage of products or promotional inputs etc. If you start and later find out that you are not getting the product on time. There is no follow-up from the company side. It may create problem for you.

Only sales or market experience is not enough, apart from this, there are many other things to consider before starting any work. 

There many things that you should think about before start. Here are some such factors that can make the difference between your success and failure:

Selecting the wrong company:

The biggest factor is your company selection. Decide your term and conditions with the company before start. Be completely sure in advance whether the product supply will be available regularly or not. 

In the first order itself, you will get an indication whether the product supply is good or not. 

We give you a hint to find out this. When you are going to place first order after finalizing the company, along with products you need, you should also place order for products you want to promote even after some time. 

You can order the products which you need now in good quantity, the rest of the products, you can order in small quantity like one or two boxes or 10 pieces etc. Small order of these products will help from extra financial burden. 

Your biggest advantage is this that you will know whether the products they have shown in the product list are all available with them or not. If you order 15 products and get 12 or more from the first order then there are possibility company maintain their stock at good level and you will not get product shortage. But if you get 10 or less products then the situation is not good. 

Keep in mind that the first company you finalize, your name will be associated in the market with that. Later, no matter how many companies you take, people will know you only from your first company.

Economic Dependency:

Whatever money you have collected to start the work. But once you start, you have to struggle financially. One, no company will give you credit initially, second, you will have to invest money in the market. Marketing & sales cost, credit to pharmacies, daily expenses, marketing inputs etc. will also go from your pocket. 

You have to put money everywhere. Not expecting much return for a few months. That is why experts say that if you can sell something to 100 people, then start it with the first 25 people. When everything is going right there, then move forward in your field. Launching on a large scale at once can increase your problems. So, start step wise step.

If you fail to raise money from market at any level, then all the investment made earlier can also get sunk.

Choosing the wrong products:

You guess that your doctor may prescribe any product because he/she prescribes more of this type of products of another company. They may not be able to write this product for you. May be they write another unique product for you. Your products selection is very important for you. You should know which products you can get prescribed by a doctor. Only after that start working in the market. It should not happen that you have to make double investment. If possible, try to start with the latest molecule so that there is less competition. By the way, you must know better about the products than we do.

Dependence on others:

Most of time we don't get successful because we start by relying on others. Whether started alone or in partnership. In both cases, dependency on others is a sign of its failure even before it starts. 

I learned this from my own experience a few years ago. 

We three friends started working together by taking franchise of a pcd company. One of my friend was a medical representative, one in pharma production and one I looked after franchise marketing. Everyone had good knowledge of own work. 

We started and stopped within 3 months of starting. The reason was clear that we were dependent on a person who was the medical representative. We had experience in our work but we could not convert it into a team and failed. Whenever you start, start it on your own and not on others. In partnership, everyone should work as a team for the benefit of the entire team.

Thanks

Hope this is helpful to you...

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