Flipkart Health Plus Franchise Explained
If you ever wanted to start up a business that is profitable and impactful, the Flipkart Health Plus franchise could be just what you are looking for.
This blog will walk you through everything that Flipkart Health Plus has for you: how it works, how much it costs, and even how to apply, together with tips on how to make it successful.
Let’s get started!
What is Flipkart Health Plus?
Flipkart Health Plus is Flipkart’s entry into the healthcare space, aimed at making medicines and health products affordable for everyone and bringing them within every person’s reach.
Flipkart Health Plus capitalises on the trusted reputation of Flipkart as the leader in e-commerce to provide a separate platform where customers may find medicines, health essentials, groceries, and much more all at lower prices.
This got into shape when Flipkart acquired SastaSundar, a much-known pharmacy platform that was already serving with affordable healthcare solutions.
In the deal, SastaSundar got converted into what we know as Flipkart Health Plus.
The intention behind this platform is simple, yet very valuable: high-quality healthcare products without wasting the time and money of the customers.
From everyday medicines to Ayurvedic treatments, skin care products, and health essentials covering over 60,000 products, Flipkart Health Plus has something in store for every customer’s needs.
For franchise partners, such wide inventory can mean catering to one’s diverse customer needs, thus ensuring a steady flow of business.
Profit Margins and Franchise Costs
Getting into the Flipkart Health Plus franchise is not only cost-effective but also gives high earnings if done well.
Let’s break down the costs and earnings so you can get an exact idea.
Flipkart Health plus franchise cost
The initial investment to get a Flipkart Health Plus franchise is around ₹70,000, which is refundable.
The initial deposit was the only great hump to get over, and beyond that, the operational expenses would be minimal.
These will include stocking up the inventory, setting up your space, and other ongoing costs such as rent, electricity, or internet services for running your business.
However, the variance of these costs depends on the location and the facility for the small business owner.
Earning Potential
Profit margins in this franchise are clear-cut.
On an average, you can expect to make about 7.5% of the order amount towards your profit.
The actual income depends heavily on the number of orders you process. With regular effort and local promotion, your monthly income would be something between ₹10,000 and ₹1,00,000, depending upon the demand in your area.
Ways of Earning
Reach out to more customers in your locality to increase your income.
Small dissemination of flyers, running small promotions, word of mouth, and so much more can go a long way.
Excellent customer service is sure to bring more repeat orders.
And do not forget to use Flipkart’s available tools like discount offers and marketing to reach a wider clientele.
How Does the Franchise Work?
So, when a customer places an order for a medicine or health product on Flipkart Health Plus, that order will get sent to you.
And then it will be your responsibility to service that order and meet the delivery time.
In general, because you’ll be working with a delivery team who knows this local area, you can get to customers quickly and fast.
Being on target in sales is an important aspect of the franchise.
Flipkart creates achievable monthly targets, for example making ₹10,000 in sales so that there is active participation and growth.
But you are not left to figure it out alone. Flipkart provides lots of support by offering marketing tools, training, and much more to help you achieve these targets.
What You’ll Need to Get Started
Even for a newcomer, opening a Flipkart Health Plus franchise is easy. Here’s what you should know to get started:
Check the Eligibility Criteria
To qualify, you must be at least 21 years old. And the best part is that no experience in medicine or health care is required.
Flipkart will guide you on how to get your licenses and get into the business. All you need to have is a desire to run a business and be willing to learn.
Set Up Your Space
A business of at least 1200 square feet is required. This can either be a shop or a room in your house.
Provide it with the necessary tools: computer, printer, AC, fridge, and other minimal furniture like a table and chairs.
A clean and organized setup makes operations run smoother and more easily.
Gather all the Required Documents
The key documents are Aadhar and PAN cards, GST registration, and the Shop and Establishment Act registration.
Flipkart also helps you get an FSSAI license for your food products and a pharmacy trade license to sell any medicine.
How to apply for the Flipkart Health Plus franchise
Step 1: Go to the website of Flipkart and search for the Health Plus program page.
Step 2: Fill up the registration form and provide basic information such as your name, contact details, and location. Ensure that all the information entered is correct to avoid any delays.
Step 3: Carefully read through terms that consist of investment details, profit-sharing agreements, and operational expectations.
Step 4: Flipkart offers training sessions to help you understand the platform, manage inventory, and handle orders. These sessions ensure you’re well-prepared to start.
Step 5: Once a franchise is established, orders begin getting processed. The marketing tools provided by Flipkart help attract customers to the business and increase its size.
Are There Alternatives?
The Flipkart Health Plus franchise seems like an excellent option, but it would be a prudent decision to study a couple of other available healthcare options before finalizing any of them.
Two of the most well-known alternatives are the Tata 1mg health partner program and Apollo pharmacy franchise, along with their own benefits.
Tata 1mg: A brand to rely on within the e-health space.
The firm provides medicines and health supplements besides offering diagnostic services.
The focus on digital convenience makes it alluring if a company is interested in servicing an online customer segment.
On the other hand, Apollo Pharmacy is a big giant in the retail pharmacy space.
They cover all of India. Perfectly suited for one who wants to enter a franchise with an established offline network and a very trusted customer base.
Final Thoughts
Flipkart Health Plus offers a great opportunity for those interested in entering the growing health market. It gives an opportunity to be part of a valued brand where efforts create increased access to quality health care.
Disclaimer: The information contained in this blog, The Growth File, is intended for general informational purposes only and does not constitute professional advice. Always consult with a qualified professional before making any business decisions based on the information you find on this blog.