1. How to start:
There are two ways
1. Do it yourself: Find a person with Diploma in Pharmacy, Go to the office of drug controller, bought the required forms, fill them with all the documents asked attached and deposit it in the office of drug controller along with the required fee. The drug Inspector of your area will call you for a personal interaction (read, he will be anticipating some Gandhis from you

) and then he will inspect the proposed premise for the chemist shop. At the time of inspection, your shop must be ready will all the furniture and fixtures in place. If satisfied, he will then issue you a license to run the chemist shop.
2 (a). Get help from the professionals (read, touts). If you have a known chemist, especially in your area, he might be having cordial relations with the DI. You can take his help to meet the DI, bribe him (OK, request him

) to guide you how to complete the paper works and get the approval after completing all the paper works.
2 (b). There are a few full time touts in the drug controller's office that will take care of everything. Find one and take his services.
PS: A person with D. Pharma will give you his license for a monthly fee of Rs. 1200-1500 or even 2000 without working at your shop.
Also, in this sector margin is not very high. So how to deal with all such factors ??
Margin depends upon type of sales, you are doing.
Type 1 is sale of prescription drugs. You get a prescription and dispense the asked medicines to the patient. Here the margin stands about 20 %. In Rohini, you must have to offer at least 10% discount to the client so your margin left is just 10% and even less some times. You can increase your margin by replacing the branded drugs by a generic drug, but remember this is unethical practice and will harm you in long run.
Type 2 is direct sales. In this a person comes to you and asks for medicines for certain general disorders, like cough, cold, fever etc. Chemist almost always dispenses generic medicines to such patients. A bottle of cough syrup should not cost you more than Rs. 5-7 and it will fetch you about Rs. 60. Ten bottles a day and you are on.
Surgical items have a margin beyond imagination. A product with an MRP of Rs. 100 might cost you just Rs. 10. Well even in surgical items there are few brands who offers comparatively less margin but since surgical items seldom sold on brands, it will remain your call what to sell.
See what type of sales you will be in and count your margin.
Last, Stay away from Ghaziabad market. Ghaziabad and Agra are the two cities which are (in)famous for fake medicines. You can never find out which a genuine medicine is and which one is fake. If, by any chance, you got a bad publicity in your area, it will ruin your plans.
Distributors do visit the chemist shops. Once opened, Distributors will start coming in hope of some orders. You can order the medicines from the authorized distributors. They do offer some credits. It may be bill to bill or even a month long one. For some medicines for which there is no distributor around, you can visit Bhagirath Place. If you feel shor of time, Even there are some guys who will purchase the medicines from Bhagirath Place and deliver the medicines to your counter for 2% fee.
New to the business side, so any ideas are most welcome.
Here is one, Thanks to Aamir Khan.
Open a shop with Only Generic medicines from
reputed companies. Fix your margin to 40%-50% and sell them to all needy, even on prescriptions.
A Generic injection of Amikacin is costing Rs. 7-9 and a branded one is costing 54. Well both are equally effective

. Now fix your margin and sell it (at 10-15). Customer will get it at a much lower price and you will get a high margin. If you can make the persons to understand that both are equally effective, you will make your day.
Having said that, it is also advisable to arrange a CD of Satyamev Jayate’ episode on medicos and do play this CD in your shop all through the day on a large screen. And if you can buy some space from your cable operator, let him air that program once a day with name and address of your shop.
Now the side effect:
It’s a time consuming job, like all the shops. You will have to open early and upto late hours. No or a very few breaks are allowed.
Take your call. Wishing you all the best.
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.....Chemist in our area offer anywhere from 5-10% discount (5% normal customers and 10% for regulars with large orders).
YS, you better visit Rohini. Here a competition among chemist is going on. All the chemist were offering 10% here on all branded medicines, (be it a single tablet or bulk load) and new chemists have started offering 11 and 12% discounts too.