Business Model of Online Pharmacy
The business model of an online pharmacy shop revolves around creating the life span of customers considerably easier by saving some time. Otherwise, a individual has to wait in queues to purchase medicines.
An internet pharmacy store provides distinct medicines/drugs dependent on the prescription supplied to the consumer by a registered medical practitioner. An individual may also purchase for over-the-counter medications.
Your Customers Can Shop Medicines Online
Online pharmacy is an unexplored business sector. It presents a unique opportunity for entrepreneurs to tap into the $30 billion industry, which is expected to grow and become a $55 billion industry by the year 2020.
Revenue Model of Online Pharmacy Store
- Sponsored Listing: You can get sponsored content or banners to display on your online medical store. The sponsored content can be listed on any page including homepage.
- Advertisements: You can display different kind of advertisements on your online pharmacy website and can be a big source of income. Usually brands selling medical supplies, blogs based on medicines try to get traffic from such websites
- Commission: The store operator can procure medicines in bulk from pharmaceutical companies and keep your commission/profit on the pricing. Profit can also be earned between the fee charged by medical practitioners and the online consultation fee.
- Registration Fee: You can also charge registration fee from your customers to join your premium or elite customer group.
Most Affordable Online Medicine Store Software
A business friendly Online Medical Store eCommerce solution
- Unlimited Products
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- Mobile App (Android & IOs)
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- Logistics Support
- Go Live in 20 Days
- 20 Business Email id
- Abandoned Cart Recovery
- Bulk Product Import / Export
- Free Payment Gateway Account
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Multi-Vendor eCommerce Plan
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Online Pharmacy Website Features
- Homepage homepage of your online pharmacy store will provide well-categorized and updated product. To help visitors find medicines in least number of clicks.
- Search Feature Enables your visitors to search medicines via name or the condition it cures. In addition to this, consultation button can also be provided near the search bar.
- Prescription Upload Using this, consumers can upload the prescription and the shop owner can manually pack the mentioned medicines in the same quantity as prescribed.
- Latest Offers Inform visitors about the ongoing offers as well as display information about future offers. It also helps in keeping the visitor engaged and motivates to come back.
- Product carousel offers those products, which are constantly in demand. This section enables one to select common products with minimum effort.
- Links in Footer: Footer section will contains links to web pages giving information about the company. Enabling the user to access their profile, orders, shopping cart, and more.
- Shopping cart works like any other eCommerce website. All modifications to the order can be allowed in the last two steps of checkout.
- FAQ Page Frequently asked questions to clear customer’s doubts. If the store’s customer-care team faces a query multiple times, then it is a good to include that question in the FAQ.