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Digital healthcare platforms have brought a revolution in the pharma industry. After the Covid 19 pandemic breakout, the world has seen the importance and benefits of E-pharmacy services.
With a population of over 1.4 billion in India, e-pharmacy is not just a business but a necessity. If you also want to invest your time and money and be a part of this sector, the Tata 1mg franchise is a good option for you. The Tata 1mg Sehat Ke Sathi program is a business opportunity for people from medical and non-medical backgrounds looking to start a business with low investment. Sehat Ke Sathi is an affiliate program whereby you become the affiliate partner of the Tata 1mg and distribute and promote its medicines and other products in the area allotted to you.
A brief overview of Tata 1mg franchise
After Tata digital acquired a major share in 1mg (an online pharmacy startup founded by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan in 2015), it was rebranded as Tata 1mg. Tata 1mg provides online delivery of medicines and health care products, lab test bookings, teleconsultation, etc. After joining hands with Tata, 1mg's valuation has increased, and Tata digital enhanced its market share in the e-pharmacy sector as well with this investment. Hence, Tata 1mg has a good scope of growth in the e-pharmacy business.
Tata 1mg Sehat Ke Sathi Program
It is an affiliate program introduced by the Tata 1mg group to increase its reach to customers. Under this program, Tata 1mg invites people to become their affiliate partners. These affiliate partners will be allotted a specific area, and they will be responsible for promoting and distributing Tata 1mg medicines, health care products, and services to that area's customers. The affiliate partners will be eligible to receive Tata 1mg franchise commission based on the number of customers, medicines distributed, and orders placed by the customers through them. Tata 1mg aims to make more people aware of their digital healthcare platform and increase their customer base through this program.
Small investors can immensely benefit from a business opportunity such as a Tata 1mg franchise.
Also read: Smart Franchise business opportunities in India
Relationship between Tata 1mg and its Sehat Ke Sathi health partners
There will be a principal to principal basis relationship between the Tata 1mg and its health partners. A principal to principal basis is when the parties to a contract (whether financial or non-financial) sign the contract in their capacity, whether or not they directly negotiated and drafted its terms and each party’s obligations. Thus, it will not create any principal-agent, employer-employee, partnership, or joint venture status among them.
How to get a 1mg franchise?
If you want to become a Tata 1mg affiliate partner and join the Sehat Ke Sathi program, you have to fill out an online application form on the official website of the Tata 1mg. The form asks for your basic details and other information such as the address of the commercial space, prior business experience, etc. It takes about 1 or 2 weeks for examining your application details and determine your eligibility criteria. If your application is selected, you will be informed via mail on your email id and mobile number. After this, you have to carry out other processes and fulfil the necessary formalities to get the final status of the Sehat Ke Sathi affiliate partner.
Requirements of Tata 1mg franchise
- Payment of franchise fee of ₹10,000.
- Commercial space for the medical shop as per the specifications of the company.
- Valid documents such as address proof, PAN, GST registration (if any), Aadhaar card, etc.
How to apply online for Tata 1 mg franchise?
Follow the process given below to apply for the Tata 1mg franchise:
- Visit the official website of Tata 1mg at https://www.1mg.com/healthpartner.
- Click on the 'apply here' on the Tata 1mg health partner program page.
- An application form will open up; fill in the details asked in this form. The screenshot of the application form is given below:
- After filling in all the details in the application form, click on submit.
- You have completed the first step on signing up with the above application form.
- If your application is accepted, you will be contacted by Tata 1mg via phone and email.
- On getting shortlisted, you must submit documents such as your PAN, address proof, GST registration number, etc.
- You also have to pay a one-time non-refundable fee of ₹10,000 plus GST. You can make payments through online modes.
- Attend training and boarding process undertaken by Tata 1mg.
- The above process can take 1 or 2 weeks, and after successful completion of this process, you are now a Sehat Ke Sathi health partner with Tata 1mg franchise.
What does a Tata 1mg Sehat Ke Sathi affiliate partner do?
Following tasks are to be performed by the Tata 1mg franchise partners:
- Search and reach out to potential customers for medicines, health care products and other health-related services.
- Make people aware of Tata 1mg products and services, address their doubts and queries, and explain the procedure for consultation and diagnosis services.
- Help fulfil customer demands and follow up with them to identify future needs.
Also read: Learn All About Patanjali Franchise
Tata 1mg franchise profit margin and commission
The Tata 1mg Sehat Ke Sathi affiliate partners will earn commission on the sale of each product and service. The Tata 1mg franchise profit margin depends on the customers added by the affiliate partners. It is directly related to the number and value of orders placed for the products and services of Tata 1mg.
For example, if a Tata 1mg health partner executes 600 orders in a month with an average order value of ₹1,000, then they can earn a commission of approximately ₹30,000 for that month.
This venture is a good choice for people who want to start a business with a small investment and start earning shortly. The franchise cost of ₹10,000 plus GST can be easily recovered within one or two months depending upon the volume and value of the orders placed by the customers in the area allotted to them.
Tata 1mg franchise also provides incentives to the affiliate partners. If you are approved as a Sehat Ke Sathi health partner, you will get the following incentives:
- 500 visiting cards
- 1 Blood Pressure (BP) checking machine
- 1 Blood Sugar Test machines
- One backlit or glow-shine board for promoting Tata 1mg
- Training for the tasks to be performed and spread awareness about Tata 1mg online healthcare platform
- Health camps in the area allotted to you
Tata 1mg franchise model
It works like any other digital healthcare platform. Sehat Ke Sathi affiliate partners reach out to more customers. In some places in India, people are still not aware of online health care facilities. The Tata 1mg franchise model integrates the customer and the suppliers, and Tata 1mg has tie-ups with registered medical suppliers in various localities. This model is thus increasing people's awareness and gaining their subsequent trust in online health care facilities. The main source of income of the Tata 1mg franchise is the online delivery of medicines, and other income sources include supplying medical equipment, healthcare products, online consultation services, lab testing services, etc. The customers can search for "1mg franchise near me" on their mobile phone browsers to find the affiliate partners.
Benefits of Tata 1mg franchise
Some of the benefits are as follows:
- Potential to reach out to a wider audience in big and small cities
- People will have access to Tata 1mg online medical services in villages and local areas.
- People can book online medical consultations to avoid travel.
- In a pandemic situation, online orders and home delivery of medicines can help avoid overcrowding of medical stores.
- It requires a small initial investment of ₹10,000. Hence it provides an investment opportunity for small investors to start a business and earn a commission.
- People from medical and non-medical backgrounds can become a Tata 1mg affiliate partner.
- By joining Tata 1mg franchise, you are involved in business and serving society by helping them procure medicines and medical facilities.
Do's and don'ts for Tata 1mg Sehat Ke Sathi health partners:
- Tata 1mg health partners shall not, in any case, represent their association with Tata 1mg beyond their scope to any third party.
- Health partners should not modify the Tata 1mg services and offers in any manner at their discretion.
- The promotional offers by Tata 1mg shall be communicated and offered to the customers without any alterations or additions.
- The information shared by the customers with the health care partners, such as medical prescriptions, etc., shall be kept confidential and not shared or used in any manner other than as directed by the Tata 1mg specifications.
Future scope and potential of Tata 1mg franchise
Tata 1mg has already served millions of people in India in more than 1000 cities across India through tie-ups with licensed pharmacies by delivering online medicines and accessing online health care services. It is continuously growing and evolving to expand its business and increase its customer base. Tata 1mg is the first Indian healthcare website to get the LegitScript subscription. Tata is a trusted name in the country, and its association with 1mg is intended to build a trusted e-pharmacy platform. Hence, becoming a Tata 1mg franchise health partner is a good opportunity to start a business.
Following factors will contribute to the growth of Tata 1mg franchise partners:
- As Covid 19 pandemic unfolded, online medicine delivery and consultation services emerged on a large scale, and millions of people became aware of digital health care platforms. People saw how important e-pharmacies are. Therefore, e-pharmacies are now an integral part of the health care sector.
- With technology, health partners from all areas can spread awareness about Tata 1mg services in their area, add more customers, and increase their earnings.
- High customer expectations and competition in the e-pharmacy industry is likely to contribute to the growth of the e-pharmacy business and will ultimately benefit the associated health partners by increasing the business opportunities.
Conclusion
E-pharmacy is a growing sector in the Indian economy. By becoming a health partner with Tata 1mg franchise, you can also become a part of this emerging sector. The Tata 1mg Sehat Ke Sathi program provides you with an opportunity to start your pharma journey and begin earning. With hard work, expertise, and willingness to serve people, you can earn higher monthly commissions every month. The health camps and marketing campaigns run by Tata 1 mg in your area are the additional incentives provided to Tata 1mg franchise partners.
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