Today, in this video we will discuss about such business prototype in pharmaceutical sector on which numerous discussions are going on, many questions have been raised Beyond all these things we can not neglect its existance That business prototype is online pharmacy( e-pharmacy) Online pharmacy is new emerging concept As you know other sectors like FMCG, Cloths, Footware and many more have their online attendance and they are having good growing on online scaffold But if we think about pharmaceutical area, about epharmacy then there will be many laws and schedules But is this business model be good, efficient and more patron centric? because any business which is directly connected to customer and causes customer satisfaction will become successful business As we can see, in pharmaceutical sphere, countless participates are available in online pharmacy( epharmacy) like 1 mg, Netmeds, Medlife, Apollo and many more are coming After this, epharmacy will become most demanding field in next 10 to 15 years.And this demand will be always increasing Because ePharmacy is having many benefits which are directly satisfying purchasers This does not mean to say that, offline pharmacy and retail store will be useless due to epharmacy every business need to cope up with latest engineerings and revised operations then only your business will be successful Same applies to pharmacy There are many business which are running from many years but “if youre not” modernized with recent engineerings then it will collapse Hence, ePharmacy is a new formula or updation in pharmaceutical sphere for successful business Not simply big companies can do epharmacy but too you can do this If you are retail pharmacist then you can create group of 10 or 20 pharmacists and together can do epharmacy In this video i will tell you all details about epharmacy This video is for all people who are doing retail pharmacy, wholesale pharmacy or who are searching for brand-new business opportunity in pharmacy sector.And people who want to know advantages& harms of epharmacy For all of these, this video will be very informative I will discuss all details about documentation, website occurrence and challenges Friends, In this video we will get to know all details about new model- ePharmacy First, we will talk about why ePharmacy? why people will think about ePharmacy? Why this business will become successfull? Whether it is successful and sustainable? There are many answers First is convinience Nowadays, if purchaser like us can order any thing with one click.If we get any offers then certainly we will prefer this. same applies to Pharmacy. If you say any remedy online and you get home delivery for the same then certainly, you will prefer the same Discount is different thing, but as we are talking about service, if we get good assistance then clearly we will prefer online pharmacy If you are thinking there is retail pharmacy store far away from the place from which you are ordering then obviously you will prefer online pharmacy So this convinience we can get from online pharmacy Second important thing, it is a single website That necessitates, when you go to retail store and ask for multiple remedies then only few of them are available and for respite of the medicines you have to go to different store this happens many times, you are able to not get all medications at single supermarket On the other hand, in ePharmacy, you will get all details on single website.Hence this is another convinience Next is, Electronic Health Record will be maintained That necessitates, for prescription based medicines, you have to upload prescription. For OTC commodities you can order directly. In this highway your record will be maintained on website So Electronic Health Record is emerging concept in todays Digital world So, in upcoming daytimes, Electronic health record and digital prescription will dally important role So this is an advantage of epharmacy where electronic state record will be maintained Next is, more instructive that is, you will get all the information about all remedies Hence before purchasing any prescription, you can check its information and understand that why this medication is prescribed by doctor Doctor’s consultation is very important, this is only side consultation Becuase it may happen that doctor may prescribe different remedies for two different beings for same disease.It is based on person health and past history However you can check medicine information, side effects, different substitutes, related blogs in single click Next important factor is network apprearance. You can buy medicine, check replacement and other report. Along with drug you can buy any other necessary concoctions in single window Hence you will get more than sufficient information with one click only So these are all plus times If “youre thinking” to do business in ePharmacy then how to do that? I “re going to tell” same thing in this video If you want to do business in ePharmacy then “youve got to” first apply for Licensing First point is, you should have physical pharmacy place. Offline physical pharmacy storage is mandatory What you will require for this? Registered pharmacist is required, Your store area should be 10 square meter( retail) and 15 square meter for wholesale And 15 square meter for both retail and wholesale Your premices documentation, plan simulates need to be uploaded for licensing I have already created in detailed video for the same, you can see link in description Next, you have to do GST registration.As you are doing business in ecommerce then GST registration is compulsory as per government norms If you use any other platform like Amazon, then they will also ask for GST number Hence GST registration is required You have to upload all involved substantiates under eCommerce act and get it sanctioned. Because this comes under eCommerce act Next is, as per Schedule H, Schedule H1, medicines only to be sold on the drug of registered medical practitioner Such medicines needs to be sold only when customer uploads doctor’s drug This settle is compulsory You can not sell schedule X drugs as per criteria This is all about licensing Next we will talk about how to start ePharmacy? Once you get permission, you have to design a website There are options that, you can create your own mobile application or website like 1MG, NetMed Or you can use another B2B platform like Shopify, Magento or amazon and become partner with these stages However, in such cases, these platform will make some percent as margin on each sale and remaining will be given to you If you want to do this business for enter period then develop your own website or portable lotion In this case, first moment is which hosting you will use? Web hosting or Shared hosting Always application Web hosting Because, if you think about pharmaceutical area it requires huge amount of data as compared to other sectors like FMCG, uniforms, online shopping or any other There is huge amount of data required in pharmacy, even a one narcotic can have data supplied by minimum 10 -2 0 pages which contains replaces, side effects, mechanism of activity, adverse occurrence, everything.All information needs to be mentioned compulsory Hence, due to huge amount of data, always take entanglement hosting which will help you to save your info Second point is, which parts should keep in mind Once you decided to do business in ePharmacy then you will approach a entanglement developer. Now we will discuss about, which extents needs to be discussed with web developer? This will help you to avoid any confusion while discussing with web developer about Website designing/ blooming There are at present five points which we will discuss First point is about Admin end. Which self-controls you will need in admin panel those are Seller Profile, Inventory management, Approval of deal, Profile updation This service is required from admin end Next point is service from Seller end. First is product control, Seller branding, Transperancy, Product addition control, URL control We are done with business from Admin End and Seller end. Now we will discuss about client end point of view Which times are important from client point of view First important target is prescription upload equipment, easy search for customer, All remedy intelligence Next is ordering tracking- detailed guild tracking facility should be available with give modernizes Next is fees& renders Next is reminders.It is likely to be benificial if you give this additional feature about medicine timings to your customer where reference is/ she buy any medication Next is profile administration. you are able to afford profile self-control to customer so that they can update their items Next feature is list intelligent investigation. This boast expected to be available so that patron can be found in medications according to their category which should be customer friendly. These all features are from customer point of view. Now we will discuss facets from pharmacist point of view First is dedicated interface should be available. Good support service should be available in case of any enquiry or inquiry from customer Next is Delivery option- Always add transmission options which can be selected readily by patrons Next is Map tracking which is important to track ordering Next important feature is status updation These are all necessitated targets from pharmacist’s point of view Now we will discuss other options which also plays very important role to host a website First point is language.Try to coating variou conversations Second is , nearby medical places. Customer should be able to find nearby medical places Next is consultant talk. Numerous consultants should be available online through your website pulpit. Many cases elevate on-line consultation nowadays and this is increasing day by day. Hence you should take advantage of this. Next is video chat. This feature is imporatant, video chat should available with physician or pharmacists. This is all about how to host your website. Now you must be understood, how to apply for licensing and how to host a website Now, we will discuss about challenges Every business have challenges. This business aslo have challenges First big challenge is Budget As i told earlier, all required data, website hosting with all above facets will need money You can focus only when you have very good, informative and inventive website Your product is very important.Branding is secondary stair Hence budget is very important and money investment is necessary for this business You is not able to jeopardize on fund. Hence this is one of the challenges in this business Second challenge is purchaser knowledge this meant that , as compared to other shopping websites, epharmacy did not get that much of customer agreement. So this is one challenging factor. You have to convert more customers Next extent is consistency. You “re going to have to” make endless follow up with customers. Always keep in touch with clients then simply they will convert AI technology will help you to build your website more purchaser centric Budget may increase due to use of such latest technology.But you have to focus on this Next is advertising or publicity Now formerly you build a website, patron will not contact you directly. Customer should be aware about your business/ website You have to highlight your unique qualities such as different offerings, deduction or any special services so that patron can attract towards the same. Hence advertising or advertising is very important cost required for advertising and cost for house an internet site, both are different. However investment in both things is necessary. this is all about advertising/ advertising Next we will discuss about Availability As there are wide range of drugs, in branded, generics, injectibles, liniments, ointments, You can not make available each and every medicine. You “re going to have to” do proper reasearch on this If you have availability of prescriptions then simply client will continuously use your pulpit otherwise no patron will be implemented by it So accessibility is one of the challenging factors in ePharmacy.Already existing ePharmacists are facing this issue This is about standard remedies. Second item is, numerous physicians prescribe medications of neighbourhood manufacturing fellowships which are most of the time not available. Hence you should focus on these points Because, if you want to grab every customer then you have to focus on as numerous products as possible This is all about availability of make Last phase is , Barcode system There are many remedies which are without barcode. Hence, this causes problem to generate all required data in system Hence to avoid this, every medicine needs to have barcode.Then merely ePharmacy can become successful business modeling So friends, this is all about challenges, licensing in ePharmacy and things to be considered while designing your website I hope that members can like this video and will help you if you want to start your ePharmacy business or if you want to have information about ePharmacy then this video will provide satisfactory information If you have any inquiries then satisfy mention it in comments box If you like this video then satisfy knock like button and share to your best friend So that’s all for this video, we will meet in next video Till then, Be healthy! Be Happy!
