The drug store business has become an inherent part of Nigeria’s economy and in the world at large. Medicine industries have grown in leaps and bounds through the years and will still continue to do so in the years to come. On this post you will know how to start a chemist business in Nigeria.
A patent medicine store is an opening for over the counter (OTC) drugs. Drugs are sold to customers devoid of any instruction from healthcare workers. Patent medicine stores are there to help people who have no access to pharmacies which are typically situated in the city. This is to say a chemist is supposed to be cited in the village.
To begin this business, you have to enroll for training to acquire good understanding of drugs and their uses. It will be more beneficial for you to work in a pharmacy don’t be shy of what is gainful. Get to to work in a pharmacy to acquire the basic knowledge before establishing your chemist.
How To Start A Chemist Business In Nigeria (Patent Medicine Store)
Requirements For Starting A Chemist Business (Patent Medicine Store)
To do chemist business you have to follow due process. Here are the steps to take:
Register with National Association of Proprietary and Patent Medicine Dealers (NAPPMD):
They have been approved by The Pharmacy board of Nigeria in the management and control of Patent Drug Stores. But must keep the rules and instructions of the Pharmacy Council of Nigeria. The registration just like that of Pharmacy finishes in a year and has to be renewed.
The amount for the registration to become a member varies from one location (chapel) to another. It is actually a style in Nigeria whenever somebody wants to partake in an association he/she would be asked to present drinks and food/snacks along with the registration fee.
This is to bring together all the associates for a feast while introduction is made for identification and getting acquainted with each other better. A yearly fee is collected from members for belonging to the group.
After collecting license the next thing to do is to register a business name with Cooperate Affairs Commission. You have to engage the services of a lawyer to do it for you.
Choose more than one name for them to take out one. So you don’t have to delay the registration in looking for another name should in case the one you chose coincides with that of someone.
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Select a shop that is noticeable and reachable. When you locate your chemist in a backyard and be expecting customers then the business is as good as dead. Because you will only be selling for family members and backyard people alone.
It should be cited in an environmentally friendly place. It shouldn’t be anywhere dose to any dumping site etc. Patent medicine store must be far from another patent medicine store in a busy area by 200M or doom for a less busy area.
Things To Use In Starting a Chemist Business (Patent Medicine Store)
Fix shelves around the store and a counter in front with good woods. Keep a table for writing Bench or chairs for customers Carve out a place or another room for secrecy
Fill Up The Shop With Drugs
Fill the shop with drugs that are mostly consumed like Paracetamol & Malaria drugs etc. Avoid drugs that are very expensive and need patient’s history before administering leaves those ones for pharmacies.
Hence you are a member of NAPPMD locate where others purchase their drugs, to avoid purchasing fake products. In short they will be willing to direct you in filling your shop with drugs.
Why You Should Start A Chemist Business (Patent Medicine Store)
- It is very profitable; barely will you not see people queuing up to purchase drugs particularly during raining season. Take a look around you how many of those chemist has so far closed down except such a one was mismanaged or other personal circumstances prevailed
- Chemist business provides the best support because it is closer to the people. And someone can simply rush in to buy drugs rather than driving down to town.
- The capital for beginning the business is less than what is used in establishing a pharmacy business.
Chemist business is a profitable venture either Pharmacy or Chemist. So locate a place that doesn’t have one and start your own Chemist business.