Business Idea

Start A Drug Delivery Business

About

Starting a drug delivery business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell drug delivery, or selling drug delivery online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a drug delivery business ➜

Key stats

market size
$20.7B
starting costs
$22.8K
gross margin
10%
avg product price
$20
time to build
24 months

About

Starting a drug delivery business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell drug delivery, or selling drug delivery online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a drug delivery business ➜

Key stats

market size
$20.7B
starting costs
$22.8K
gross margin
10%

 

avg product price
$20
time to build
24 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Employee & Freelancer Expenses $151 $252
Business Formation Fees $600 $5,400
Equipment & Supply Expenses $63 $700
Vehicle Expenses $2 $10,004
Retail Business Expenses $0 $3,150
Inventory Expenses $0 $5,000
Training & Education Expenses $0 $2,000
Website Costs $13 $215
Advertising & Marketing Costs $75 $2,486
Software Expenses $0 $225

Successful Businesses

Business URL Rank
BD Technologies and Innovation bd.com #43,406
Drug Development and Delivery drug-dev.com #526,240
Rose Pharmacy – Your Assurance Of Genuine Drugs rosepharmacy.com #545,043
Insulet insulet.com #558,135
PBA Health pbahealth.com #819,567
Drug Discovery and Development drugdiscoverytrends.com #1,026,685
Smith Drug Company smithdrug.com #1,110,980
Pinnacle Treatment Centers pinnacletreatment.com #1,173,863
Drug Delivery Business drugdeliverybusiness.com #1,567,991
Aerogen aerogen.com #1,723,114
Marken marken.com #1,738,056

Pros & Cons

Pros Description
Rewarding work Starting a drug delivery business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
Daily physical activity Drug Delivery Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.
Face to face interaction If you are the type of individual that thrives on human interaction, then this is the business for you! With a drug delivery business, you will be hands-on with customers and or employees every day.
Strong Demand & Relatively Recession Proof The demand for drug delivery business is increasing year over year and the business is known to be relatively recession proof.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Low margins The gross margins for your drug delivery business are typically around 10%, which can make it more challenging to incur new expenses and maintain profitability.
High employee turnover In the drug delivery business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Lack of benefits With a drug delivery business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a drug delivery business, you typically work alone and do not have much face-to-face interaction with other team members.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.