TATA 1mg Franchise Cost in India – How to get the Tata 1mg franchise in 2023
The accessibility of genuine medicines in today’s world has been easier. All the credit for such goes to online healthcare platforms including Tata 1MG. Due to their brilliant online services and features, people have chosen Tata 1MG over any other healthcare platform. This is one of the reasons why Tata 1MG is generating huge revenue and investments from around the world. Further, we will talk about Tata 1MG franchise, 1Mg Franchise cost, 1mg profit margin & 1mg franchise revenue, and losses in this article.
“Do you want to start a new franchise business with a big Brand name with a very small investment amount? If your answer is ‘Yes’, then, here is an excellent opportunity for you. Tata 1mg is a one of the big emerging e-pharmacy Franchises. Under its scheme, you have a chance to work as Health Partner or Sehat Ke Sathi and earn a big profit.
The pharmacy business has been doing well since the COVID-19 pandemic outbreak because of digital healthcare platforms. The world has become aware of the importance of pharmacy services and this is why it is a very popular business to invest in.
The Tata 1mg Sehat Ke Sathi program is a great way to get started in the pharmacy business. This program is perfect for people who want to invest their time and money and have a chance to be part of this industry.
Overview of Tata 1mg Franchise
| Website | https://www.1mg.com/ |
| Type | Privately Held |
| Industry | E pharmacy |
| Founded | 2015 |
| Headquarters | Gurgaon Now Gurugram, Haryana |
| Company size | 201-500 employees |
| Specialties | Analytics, Healthcare, Medical, Operations, Marketing, and ePharmacy, Technologies |
TATA 1Mg franchise: What is it & how to get started
Tata 1mg Franchise has recently launched its 1mg franchise program named "sehat ke Saathi".Before learning more about 1mg franchise details let's learn why to choose the TATA 1mg franchise. During COVID-19 breakdown everyone has seen the power & potential of the medical sector. Everyone understood that the medical sector will never struggle under crises.
All sectors were struggling to exist during the lockdown, moreover, it was getting tough for employers to save their employees. In mid-lockdown, most of the businesses were short on labor.
And here we see the power of the medical sector: Huge demand, no restrictions & a lot of profit margin.
Let's learn more about India's most popular pharmacy franchise partner program Sehat Ke Saathi by TATA 1mg.
TATA 1mg Overview
Prior to its acquisition by TATA Sons for a big cap, it was well known as 1mg, India's largest medical e-pharmacy and portal having more than 14 million users per month.
TATA 1mg affiliate partners help engage with citizens in their vicinity, help spread the word about TATA 1mg offerings, and help them place orders. Affiliate partners earn a commission on business delivered with their help.
Your application will be screened based on the TATA 1mg internal grading process, including the existing coverage in the district, your past experience, and your credentials.
Must Know: Is Pharmeasy Franchise better than 1 mg ?
Why TATA 1mg franchise ?
1mg has a huge customer base, and it's a well-known name in the medical field. Moreover, being a TATA subsidiary it has gained trust factor and brand factor in the Indian market.
At the 1mg online portal, a wide range of medical products, handy medical equipment, beauty products, and lab services are provided. They have also launched an online consultation on the TATA 1mg Franchise application. The franchise partners who recently joined 1mg are quite satisfied and getting decent returns.
Future Scope
According to the recent trend of smartphone usage, the population of our country, has had 1mg growth in the last 5 years & online purchasing intent of customers experts have concluded that the medical e-commerce or e-pharmacy market will expand to 2.8 Billion USD by 2024. Being a Tata subsidiary, chances are negligible that it will ever fail.
Support provided to a Tata 1mg Franchise owner
Note: here are some add-on benefits you must know about.
- Special promotions and discounts for your clientele:15% savings on prescription medications (Up to 15% off the Maximum Retail Price; minimum order value of Rs 500; delivery and other fees as per website) & 20% discount on lab tests (20% off Lab Tests).
- You'll receive a unique coupon code that grants access to a dashboard where you can download a report of customers that visited 1mg using your coupon codes.
- Specialized key account manager in a WhatsApp group who will respond to your questions;
- They will offer marketing assistance like
- 500 business cards,
- a 1mg display board,
- standees,
- a Glucometer, and a BP machine).
In the last 3 Month, If Tata 1mg don’t find orders of a minimum of Rs. 1,00,000 then officially your coupon codes will be deactivated [Rember for good Business you should be above this number]But at first, you don't have to make that many sales. If you work hard, the company will help you. The company doesn't have any kind of logistics partnership or offline pharmacy stores
Advantages of Tata 1mg Franchise
The following are the other Advantages of being a Tata 1mg Franchisee:
- Potential to reach out to a wider audience in your local area, town, and big and small cities
- People do not need to visit a doctor for common minor and seasonal health issues.
- Customers feel Easy and convenient to get medical consultations from Sehat Ke Sathi online.
- People can book online medical consultations for minor health issues. Nobody likes to spare extra money and time by visiting a doctor.
- Nowadays, people hesitate and avoid visiting crowded hospitals and medical stores.
- Tata 1mg franchise fee is only Rs.10,000, which is a very less amount.
- Any individual can start a new business with a well-reputed brand name with a small amount.
- Franchisee gets a heavy commission on the sale amount of medicine.
- No prior medical experience or higher educational background is required.
- Apart from delivering medicine, a franchisee gets multiple opportunities for involvement in businesses serving medicines and medical facilities.
Payout Method of Tata 1mg Franchise
On the basis of the Completed Order reconciled at the end of each month, you must generate an invoice for the Commission payable by the Company by the 15th of the following month. The company will also issue a purchase order based on your invoice.
You must sign a hard copy of both the invoice and the purchase order, and you must share a hard copy with tata 1mg.
Please clarify your agreement and documentation with 1mg so that there are no issues with your payment.
Tata 1Mg Franchise Cost?
You can easily become a health partner of Tata 1Mg quite easily. By taking up Tata 1Mg franchise you can become a part of the best diagnostic labs. Yes, it surely comes at a franchise cost which we are going to discuss now.
Tata 1 Mg franchise cost is only Rs 20000. The further details of Tata 1Mg franchise cost are given below:-
- Franchise fee - Tata 1Mg does take a minimum franchise fee of Rs 15000+GST. This amount taken by the company is non-refundable.
- Stationery cost- Stationeries are essentials for your shop to run daily. Some of the requirements are a pen, copy, paper, calculator, and many more
- Computer/Laptop/Smartphone- Either of these is required to operate your daily business or Tata 1Mg franchise and can cost up to Rs 15000-20000.
- The total franchise cost of Tata 1Mg can go up to Rs 30-40k.
Now, some of the benefits you get from taking a Tata 1Mg franchise are the following :-
- Partnering with a highly reputable business name
- You do not need to spend on research and development
- Good income for each order that is delivered
- Work along with top digital healthcare platforms in India
How to get TATA 1Mg franchise ?
TATA 1mg recently launched its franchise program - "Sehat Ke Saathi ", which is basically an affiliate partner program. In order to get a TATA 1mg franchise, you need to fill one mg franchise form. Prior to fill-up the form, keep the below-mentioned details & documents handy.
If your application is selected for further discussions and processing, it will take ~7-14 days to respond. There will be a one-time non-refundable signup fee of Rs. 10,000+GST, towards onboarding and initial marketing fees.
Documents required & eligibility criteria for Tata 1mg franchise
- Name
- Mobile number
- E-mail Id
- Business address
- Pin Code
- Prior business experience
TATA 1mg franchise contact number
One mg hasn't provided any contact number for franchise support till now, you only have to fill out the form present on their website and they will get in touch with you. Instead, you can drop a mail to:
Support : [email protected] / [email protected]
TATA 1mg franchise commission & profit margin
Being part of the Sehat Ke Saathi program, you will earn an affiliate commission on each sale of products & services. Moreover, great incentives are provided by the company. You will achieve a 100 % return in the first month itself.
| Monthly Delivered Sales (INR) | % of Pharmacy Lead Fees | % of Diagnostic Lead Fees |
| Up to 5 lakh INR | 6% of the delivered order total | 10% of the delivered order total |
| Above INR 5 lakh and up to INR 50 lakh | 8% of the delivered order value | 12% of the delivered order value |
| Above 50 Million | 10% of the Delivered Order Value | 15% Fifteen Percent of the Delivered Order Value |
After you join Tata 1mg franchise they provide 500 visiting cards, 1 BP machine, 1 Blood Sugar Test Machine, and 1 backlit board (6 ft X 3 ft) for marketing activities/health camps in and around your shop.
TATA 1mg also provides extensive soft skills and technical skills training.
1mg business model
1mg business model is similar to that of Practo & other online healthcare platforms. What takes it ahead in competetion is its advanced artificial intelligence integrated into an app that suggests an accurate doctor for you based on your symptoms.
One mg also offers various lab tests & online consultations which are among mainstream sources of income but medicine delivery is still their primary work & source of income.
Terms and conditions for Tata 1mg Franchisee- Sehat Ke Sathi Health Partners
- Tata 1mg health partners cannot have a similar franchise of another third party.
- Health partners must have to abide by the terms and conditions of Tata 1mg.
- A Health Partner has to deliver the same promotional offers, offered by Tata 1mg to customers without any alternation.
- Health Partner has to keep the confidentiality of customer personal and health-related information as per Tata 1mg policy.
Future Scope of growth and Potential of Tata 1mg Franchise
Tata 1mg has already served millions of Indian citizens in more than 1000 cities through tie-ups with licensed pharmacies by delivering online medicines and accessing online health care services during the recent pandemic period. Since its inception, it is continuously growing.
Nowadays, it is the age of technology and e-services. People prefer online medical health consultation and delivering of generic medicine to their homes. People want to save their time and money from their hectic life schedules. Therefore, in Health Sector, there is an extensive chance to expand its business and increase its customer base.