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Ravi Morisetty: How To Launch A Pharmacy Business?

Writer's picture: Ravi MorisettyRavi Morisetty



If you have just stepped inside a pharmacy business, then there is a lot you need to do to make your business grow. With the crowd doubling and the situation worsening people have now put forlorn hopes in pharmacies to make the Covid-Vaccine reach each and every corner of society. And with that being said, setting up a new pharmacy in the coming years is going to be crucial for both personal and societal growth. As Ravi Morisetty states, times have changed and modern pharmacists need to bring in the experience along with the products. The section below discusses the measures you need to adopt to successfully launch a new pharmacy. Make sure you get these in practice in the early stages. Let’s get started.


Measures To Adopt While Launching A Pharmacy


A Change In Perspective


While the early times witnessed pharmacy openings concentrated on superiority, efficacy, trend, and sale of medicines, modern times now require the study of consumer behavior in the market. Your revenues are directly linked to customer satisfaction. And as Dr. Ravi Morisetty believes, a happy customer revisits, and an unsatisfied one switches! In these competitive times, if you wish to open a pharmacy, make sure you are counting on the consumer behavior alongside the medicinal brands.


Be The Communication Booster


More interaction leads to better understanding. If someone asks for advice, you just can’t state a point based on half-listening. Develop a communication, listen to what the patient has to say, ask customers about their previous experiences with medications, monitor their health status, it is all a part of communication. Nobody visits a pharmacist who has nothing else to offer except medicines.


Hire Experience


Experience delivers when medicines fail. How many times have you opted for an experienced physician with less advancement over the modern one with a bunch of complex hardware and software? While the medicine gets someone out of pain, the experience gets the same person out of mental trouble. Being a modern entrepreneur, Ravi Morisetty speaks high of experienced pharmacists who are willing to impart their knowledge to the coming generation.


Travel Backwards


Times of product launch followed by selling have long gone. Now we forecast the demand first which is followed by the creation of a product. You have got to study the other end first before launching your pharmacy. For instance, the audience got crazy over immunity boosters when they knew it is their immunity that tackles the deadly disease. Analyzing this, many pharmacists bought in the supplements for boosting immunity that generated significantly high sales and conclusively, revenues.


Impart Knowledge


As a pharmacist, you mustn’t put the product on the table and close the conversation by telling its price. Tell the customer about its effects, side effects, dosages, and other related products that could benefit him. Knowledge is of no use if it is reserved at the back end of your brain. Impart it to the people who require it.


To Conclude


Ravi Morisetty practices what he preaches. He drives himself by imparting knowledge to young entrepreneurs. And this time it is about your new launch, make sure you consider the above-mentioned points.

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