The Ayurveda business is currently experiencing rapid growth, and it is predicted to reach a growth of USD 26 billion by 2032. This is the right time to invest in the sector and become a legitimate Ayurvedic franchise company partner. Starting an Ayurvedic company is one aspect of success, but keeping it constant and profitable is a game-changer move. The process of running a company requires immense R&D, selection of an adequate location, choosing the right amount of hot-selling products, and most importantly, negotiation with the franchisor on franchise terms and conditions. This blog will guide you through all the aspects of starting the best Ayurvedic PCD company in India.
A Knowledge Of Different Range Of Products Will Help You Select An Ayurvedic PCD Company
Ayurveda is not just a term; it’s an ancient science that is now backed by modern science. People have started recognizing its benefits, and that is the reason they want to invest to become a partner with an Ayurvedic franchise company. It is essential to have a good knowledge of ayurveda products before becoming a franchise owner. Some appealing segments that you must be aware of:
Syrup Segment: It’s a liquid form of medicine that is used to treat numerous health issues, including cough, cold, or fear. The segment is beneficial because 46.9% of households in India use syrups as the first health treatment before visiting their doctors.
Tablets and Capsules Segment: After joining hands with modern science, many manufacturers are producing tablets and capsules powered by ancient Ayurveda. Approximately 39% of households consume tablets and capsules to treat mild to severe diseases.
Oil Segment: Body oil to hair oil are manufactured using a strong formulation by an Ayurvedic franchise company. The oils are mainly used for babies (for body massage), women (to look after hair), and elders (to relieve joint pains). Different forms of oils are available to sell, and business growth depends upon the type of people who live near your outlet.
Powder Segment: This segment is specifically targeting youth who are fond of building their muscles by performing weight training in gyms. The sector is scalable because the protein powders are made from ancient ayurvedic ingredients.
Juice Segment: People are becoming self-aware, and they have minimized the consumption of high-carbohydrate diets. Slowly and gradually they are shifting to a liquid diet. In such a dramatic shift, consuming juice powered by Ayurveda is highly beneficial.
A Crucial Process To Adapt Before Launching Your Franchise
Congratulations! Finally, you have decided to become a partner with the best Ayurvedic PCD company in India. That is the reason you are reading this blog. This segment will guide you about the crucial process to follow before starting your franchise.
7 Significant Steps You Must Not Miss:
Conduct a market research
Without knowing your area, it is not advisable to start your franchise outlet. Study about the geographical area; it will help you to understand how to set the price of your product for better sales. Further, look for the headcount of people living near your location. This will help you to understand which product segment has a better chance to get sold easily.
Choose a brand with credibility
It is beneficial to partner with a brand that is established and has gained a good market reputation over time. Check for the brand partnership with the Ministry of Ayush and also verify other essential certificates such as WHO-GMP and ISO.
Accomplish Legal Registration Process
Without the possession of legal documents, it is not legitimate to become a franchise outlet owner. You first need to register your company as an LLP, proprietorship, or Pvt Ltd and lastly register your GST number for hassle-free traceable transactions.
Acquire Adequate Licensing
It becomes your moral responsibility to acquire a legal drug license (Ayurveda industry targeted) at the initial stage. Following which you need to apply for an FSSAI license if you are planning to deal in food supplements.
Acquire a Safe and efficient space
It’s time to establish a safe, effective, and highly ventilated storage space and a little office setup for administrative tasks. Procure an appropriate refrigerator in case you are going to keep liquid segments like juices or syrups.
Place your first order
Once the office and storage space have been structured, it is time to place your first order with the Ayurvedic franchise company. You may start with MOQ (minimum order quantity) and see how the trend works.
Start a soft launch
Use the marketing materials that have been provided by the best Ayurvedic PCD company in India. That could be promotional material such as diaries, pens, sample aids, brochures, and more. Visit local clinics and doctors to see what their response is. Convince them to recommend your product to patients. Once the soft launch is successful, then you will gain confidence for a massive launch.
Cost breakdown and Profit Margin Possibilities
The investment is not hefty if you want to start with a small-scale business. Price may vary depending upon the type of product segment you want to consider and which company franchise you prefer.
- A small-scale investment starts from Rs 20000 to Rs 1 lakh.
- A medium-scale business will cost you approximately Rs 50000 to 2 lakhs.
- A large-scale business will cost you around 5 to 20 lakhs.
- Marketing and promotional activities will cost you additional, and that is approximately Rs 20000 to Rs 50000.
Profit and Margins: Talking about the profit margins, then yes, the Ayurveda segment has a huge potential of earnings. According to the available online data, 25% to 35% of margin profit can be gained after sales.
The Final Words
To become an Ayurvedic franchise company partner in today’s time is a wise investment. The industry is growing and has a lot of potential for scaling it at any pace of time. Join hands with industry leaders such as Velnex. A truly devoted and authentic manufacturer and PCD pharma franchisor of Ayurvedic and nutraceutical products.
Frequently Asked Questions
How to scale an Ayurveda franchise company?
Always start with a low investment, and according to the product demand, you can scale your business by ordering a large quantity of high-selling products.
Who is a leader of Ayurveda products in the company?
Velnex is a leading manufacturer of ayurvedic and nutraceutical products.
Are there any side effects of Ayurveda products?
According to the online data available, there are no severe side effects documented after consuming products. Still, if you feel any kind of imbalance, then do consult with your doctor.