How to start Ayurvedic Marketing Company in India

How to start Ayurvedic Marketing Company in India? – In this modern world, the demand for Ayurveda medicine has been increased drastically as the youth of this generation Is also started taking interest in Herbal Products. The only reason is the efficacy of herbal products as compared to synthetic products. Herbal medicines are termed to be pure and consist of no side effects and many almost 70% of people in India daily come through Ayurveda products. In this blog, we would study how to start marketing Ayurveda products and what documents, licensing and other requirements are needed to do marketing

Requirements for Starting Ayurvedic Marketing Company

Here we will discuss the requirements to start your own company

• First of all, you need to have experience in the field of herbal medicines and also in marketing ( Online or Offline) so that it won’t bother you in starting your own Ayurvedic Marketing Company
• Search for a quality Ayurvedic products manufacturer
• Look for the best marketing strategies to promote your herbal products
• Financial support is needed to start i.e either it can be your savings or bank loan, or any other investment, etc.)
• The best marketing and promotional support for marketing of your product

Licenses and Registrations Required

In herbal medicines there is no need for a drug-related license, just some general licenses are going to require. Let us see the licenses and registrations required

1. Company Registration
2. GST No.
3. Trademark Registration

Company Registration

Although registration of the company is not that much necessary as you can also market your products using GST( Goods and service tax) number but it is more ethical to register your company if you want to register individual rights or make it a private limited company. It would give value to your products and enhance your reputation in the market.

GST Number

It is very necessary if you are about to start an ayurvedic marketing company as GST number is required if you have an annual turnover of around 20 lakhs and you can get GST number for only 1500-2500 rupees. If you have good knowledge of computer then it is not necessary for you to go to CA/accountant as you can do it yourself.

Trademark Registration

It is very necessary for trademark registration as a trademark gives you the right to intellectual property. You can claim that thing or product as your own as nobody can copy it. Brand name, Product name anything can be copied and all of your hard work is a waste. So try to get trademark registration before starting an Ayurvedic company. You should get a trademark for your company and your product.

Stepwise Process for Starting Ayurvedic Marketing Company

• Start your plan by writing it on a paper
• Choose the company name of your choice
• Make a list of products you want to add to your list and launch a product list
• Choose a name for your products wisely and without copying them from other sites. The name should be from your thinking.
• Set MRP and price to retailers and stockists
• Arrange finance for starting of Ayurvedic market i.e it could be your savings, Loans from the bank, or any other investment.
• You should set up your own office either in your own home, store, or rented apartment. If it is rented then you should plan for monthly rent. Set your finances planned prerequisite.
• Apply for company registration and then after that apply for trademark registration for your company and your products.
• After the above registrations apply for GST Registration. It can be done either through CA/accountant or you can do it by yourselves online.
• Search or contact a third-party ayurvedic manufacturing company for manufacturing your products on a third-party basis. Or you could go through loan licensing for manufacturing.
• Finalize the terms and conditions, rates, and all formalities.
• Now after all of that, you should wait for the manufacturing of the products as it would take 25-30 days for manufacturing of all products or new orders in between.
• Arrange marketing and promotional tools for your company and product meanwhile.
• Now after you receive the products from a third party start selling products as per your business model in the market.

Conclusion

I hope this blog would help you in setting up your own Ayurveda company and you would have to understand all the requirements and prerequisites needed to set up your own herbal company. In case if you still need help or have any queries then Swastik Ayurveda is one of the best ayurvedic pharma companies in India and we would be obliged in helping you.