How To Choose Product For New Pharmaceutical Company? - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

How To Choose Product For New Pharmaceutical Company?

Description:

How To Choose Product For New Pharmaceutical Company? Read More: The challenge for the pharma company is to pick the best product. Here you know the best tips to choose product for the new pharmaceutical company. WEBSITE: – PowerPoint PPT presentation

Number of Views:4

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: How To Choose Product For New Pharmaceutical Company?


1
How To Choose Product For New Pharmaceutical
Company?
A Guide By Anchit Agrawal
2
Tips For Pick The Best Products For New Pharma
Company
3
  • There are multiple ways to build a successful
    career in the pharma sector once you finish the
    necessary degree.
  • You can join a well-known pharma company and
    climb the steps of success over a period. Or you
    may choose to give shape to your career path by
    launching a pharma business.
  • Yes, many people are getting into it because of
    the lucrative opportunities offered by the
    medical sector in India.

4
  • Moreover, the government is also keen to boost
    the industry by offering many benefits to those
    who startup a pharmaceutical company.
  • However, the challenge is not in finding out how
    to launch the company, but to pick the best
    product which will yield profit.
  • Here are some secrets that can help.

5
MAKE YOU BUDGET FIRST
  • Before you proceed further, it is crucial to
    decide the financials. How much money can you
    invest? Is the price of the product chosen by you
    fits into the limit?
  • If you are going to make multiple products, then
    the budget allocation has to be accurate. You
    need to decide the maximum limits with some
    margin for contingencies.

6
CHOOSE A VIABLE PRODUCT
  • It is a tricky thing. Business viability of a
    product depends on how you perceive it.
  • Are you going to manufacture a fast-moving
    product which has low profitability but needs to
    be produced in volume? Or you want a specialized
    product which has lesser demand but higher
    profitability.
  • What you choose depends on how you want to run
    the business?

7
DONT JUMP IN THE POOL WITHOUT GAUGING ITS DEPTH
  • Launching a pharma company and manufacturing a
    product without extensive market research is like
    diving in the deep water without any assessment
    of its depth.
  • The pharma market is lucrative, but it is equally
    competitive as well. If you take steps without
    analyzing the market, then it could be
    disastrous.
  • Hire a marketing research company if you arent
    comfortable with the analysis part.

8
KNOW THY COMPETITION
  • No competition, no progress
  • Yes, you cant race on a slippery road, you need
    sufficient friction for it. Your competitors
    boost your morale to perform better.
  • Hence, get an understanding of your competitors
    who produce a similar product like you and sell
    in the same market segment.
  • To overcome the competition your product should
    have some unique thing that others dont have.
  • Once you have everything ready, it is the time to
    get, set and go!

9
  • Ambit Bio Medix is a leading and one of the best
    PCD Pharma Franchise Company in India. It is
    dedicated to enhance the quality of healthcare
    industry by providing best pharmaceutical
    products for distributorship and franchise.
  • Also Read
  • Get Success in Pharma Franchise Concept
  • The Scope of PCD Pharma Franchise Business in
    India

10
Contact Us
  • Address Tajpur Road, Changodar,  Ahmedabad
    -382213 Gujarat- INDIA.
  • Call Us 91 9824382041
  • Email ID info_at_ambitbiomedix.com

WEBSITE http//ambitbiomedix.com/
About PowerShow.com