Effectively Setting Up An Ayurvedic Medicine Store

In the recent times, people have been shifting more and more towards using Ayurvedic products, considering that they are natural, more effective, and have lesser or no side effects. This transformation has resulted in the introduction of more and more Ayurvedic stores being open across the globe, both online and offline. That’s because people, not only in India, but also abroad, are embracing the advantages being offered through Ayurvedic medicines and products. In this way, the Ayurvedic industry is giving multi-billion-dollar business opportunities to many new investors and businessmen! If you’re as well interested in taking up the opportunity of building a successful future in this industry, we’ll help you know how you can do so by opening an Ayurvedic store effectively.

Finding an apt location

The location is the prime deciding factor for the success of any business. Check for any other Ayurvedic stores in the area you are planning to set up your store in. also, check for your store’s visibility in the market. Your store should be visible and easily accessible by localites.

Product list and type

What kind of audience does the locality have? What is the population? Analyse the segmentation of the population, and understand their needs. Based on all this research, analyze what products will most likely be sold, and stock up on that list of products. Purchasing a franchisee is the best way here to make your business goals easier.

Having a good contact list

Before planning up any business, you need to do proper R&D for the same. Talk to companies, suppliers, and pharmacists about the future scope of the industry. Also, build an informal tie-up with a clinic, hospital, or doctor in the vicinity to enhance your chances of doing well.

Taxes and registrations required

An Ayurvedic store isn’t easy to set up. Because of the health of people involved with the products, there are certain procedures to be followed. One important step here is registration. You need to register your business, depending on the type of firm you are planning to set up – whether it is proprietorship, partnership, or a private limited company. You also need to register yourself for VAT under Tax Registration rules. Drug License, from the State Drug Control Department, is another necessity for opening an medicine store, which gives you permission from the government to deal with Ayurvedic drugs.

Documents required

You need to first and foremost draft an application for setting up your store, along with a duly-filled application Form No. 24-D. Other documents you’ll require are a fee challan, affidavit by a registered pharmacist, partnership deed or sole proprietorship declaration document, and relevant certificates of the pharmacist(s) to be employed at your store.

To conclude, setting up an Ayurvedic store is a challenging job, requiring to fulfil all the legal procedures. But, we hope that the above information has helped you on the basics of how you can set up an Ayurvedic medicine store. And, for any more concerns or help, you can always get in touch with BrahmiOnline, your one-stop online Ayurvedic medicine store, where you can gain access to a variety of reputed and trusted Ayurvedic medicines as well as general products. There’s also a complete team of Ayurvedic specialists to help you know about Ayurveda, and how it helps to treat various ailments, while also helping with boosting the immune system of the body naturally.