How to start online pharmacy business? or How to start online pharmacy business in India? These might be some concerning questions that have crossed your mind when thinking about taking your business online.
In earlier times, pharmacy selling was only limited to the conventional brick-and-mortar store, ofcourse, and there were online mediums to purchase medicines; however, they weren’t as popular as it is now among everyone, and more than popular, it has become a daily necessity now. Also, recent times have changed consumer shopping patterns and choices. Most individuals prefer online shopping rather than visiting the store itself, which is one of the reasons why many traditional brick-and-mortar stores are shifting towards the online platform.
When it comes to an online pharmacy, there are quite a few great options that you can choose to start your business online.
How to start online pharmacy business in India? What option to choose from? Should I take my business online or not?
To answer the question, yes, you can and should take your business online. Why? Because of the increased penetration of the internet and the demand of users and with the competition and growth that online pharmacy gives is immense.
Back in 2021, even big shark-like Tata acquired the majority of its stake in 1MG. Then, in August 2020, Reliance took a stake in Netmeds, and in the same month itself, Amazon announced it would be entering the pharmacy segment by launching Amazon pharmacy.
Even the statics says that the online pharmacy market will mark a 13.8% CAGR between the forecasted period starting from 2022 to 2027.
So, it is affirmative to say that starting an online pharmacy will definitely lead to success.
How do I start a pharmacy business?
If you’re someone new to this pharma industry, you can start by opening a local store within your vicinity (You can also check out our other blog "How to sell medicine online" which gives you all the in-depth details about offline and online pharmacy)
Coming back to the topic, by building your local store, you can also get a pharmacy platform for yourself, a Website, Android and iOS app, which will give you a better geographical expansion and better audience reach, which will allow you to make progressive decisions for your business and a convenient business and customer management.
However, you know how it all works if you’re an existing store owner, right? First, you just need to understand the new way of technology. Then, you can expand and upscale your business by building your own platform (app or website), or you can also choose a subscription model; of course, you can register yourself to an existing online pharmacy marketplace and start selling online right away!
So, just like the game of chess, there are various pieces in the segment of the online pharmacy that you can choose to outshine in this industry. It’s all upto you.
If you are looking for a pharmacy app development , we can help! All you have to do is, contact us to get a sustainable solution and reliable services.
After the question about how to open online pharmacy, we shall lead towards what medicines you can sell online?
You can sell various categories of medicines and products, or you can even choose to make your own niche.
- OTC
- Prescribed
- Generic
- Homeopathic
- Allopathic
- Ayurvedic
All in all, it can be said that starting an online pharmacy business is a beneficial segment, even for the ones who are just starting. If you have the right resources, planning, and knowledge, you are good to go!
