Monday 14 May 2012

EVERYONE Is Eligible To Operate Cosway Pharmacy Store Other Than A Pharmacist

Many Cosway Pharmacy stores were opened so far.  I believe many had at least seen it somewhere else. Yet some out there might still curious the different requirements and responsibilities of both the pharmacists and store keeper (stockist) respectively in Cosway Pharmacy. Well, lets me explain it...

Pharmacist 
Requirements
• A Malaysian citizen
• A registered Pharmacist with PHARMACY BOARD OF MALAYSIA
• Able to take up challenges and interested to build up a career in the retail sector
• Must fulfill all standard requirements under the Pharmacy Store Operator Programme and pass the entire 
  selection process that include interview and training programme such as Product Training, Point of Sales  
  (P.O.S) Training and Practical Training.
• Must complete and submit all required legal documents which are necessary.
• Willing to sign a minimum 1 year agreement with the company to commit to the business
• Must be willing to pay a security deposit either by a lump sump payment or via a monthly deduction of  
  10% of monthly income until RM 15,000 is fulfilled (No guarantor needed).
• Retail experience will be an added advantage but not necessary as training will be provided.

 Responsibilities
• in charge of  drugs (Prescription and Non Prescription Medicines) and OTC (Over The Counter)  
  products and other pharmaceutical related products such as glucometer, plasters, blood pressure monitor, 
  walking aids and others
• maintain the highest professional standards at all times at all aspects of running the pharmacy
• responsible for the conduct and actions of those under your care
• manage the operations of the pharmacy store and maintain all regulatory requirements of a pharmacy
• inventory and stock management to ensure products are available on timely basis
• sale of all controlled medications
• provide pharmacy services and patient counseling on drugs and OTC products and related issues
• maintain a pharmacy practice that is free from prejudice and your professional judgement shall be wholly 
  independent               


Store Operator (Stockist)
Requirements
• A Malaysian citizen age 25 years old and above (less than 25 years old can still be considered)
  - Female (However, male can ask his wife/sis/niece, etc to become a stockist)
• No educational background required
• Able to know basic computer usage is an added advantage (Not necessary as training will be provided)
• Must be willing to pay initial security deposit of RM 10000 by a lump sump payment first (a guarantor
  with RM 5000 salary per month is needed, otherwise two guarantor with RM 3500 monthly salary each).
  Then, 10% of monthly income after becoming a stockist until RM 40,000 is fulfilled. RM 50000 is  
  refundable if quitting from this business. Higher security deposit compare to pharmacist because store
  operator got the profits from cosway products, country organic farm products and non-cosway products
  whereas pharmacist only entitled to drug and OTC profits.
• Must be willing to open the shop 7 days/week and 12 hours/day - Not necessarily when you have
  employed a worker

 Responsibilities
• handling of the sales and promotion of  all Cosway Products, Non-Cosway Products (e,g known health 
  supplement such as Live, Blackmores, Kordel,etc), Country Farm Organics Products, and many more
  products - accessible  through  http://www.cosway.com.my/main_product.htm 
• inventory and stock management
• promote walk-in customers to sign as VIP members/Business Owner (BO)


Benefit - expenses bared by Cosway
- Renovation
- Stock
- Monthly Rental(Tenancy agreement signed by computer & owner)
- Monthly Eletric bill
- Sundry Expenses
- Repair & Maintenance
- Stationary reimbursement RM20/month
- Activities/demo expenses reimbursement
- Bunting/leaflet/Catalog/DVD
- Business Registration
- Area Executive(Maintenance)
- Trainer(Promote sales) - 6 months provided
- Stock Coordinator (monitor stock)
- Equipment: Computer,plasma tv, alarm system, cctv, water dispenser and etc
 


 NOT included expenses(e-stockist owner have to bare herself)
- Water bill
- Installation of 2 telephone lines + streamyx
- Insurance premium around RM1k plus - deducted from bonus by 3 months, insurance coverage include 

   Flood, Fire, Theft and Robbery


Stockist's Profit
1) Retail Profit
1st to 6th month = Total Sales X 10%
7th month onwards = 1st RM10k X 10%, remaining X 5%
Example: 7th month with 100k sales = you earn RM6500
* Most of E-stockist branches in KL area have over RM100k sales every month)

~~~For the explanation of the following profit, please email me @ pharmacyopportune@gmail.com

2) Company Incentive Campaign
a) Extra income for renewal & new member(VIP shopper + BO registration)
b) Company Lucky Draw - Once every 6 months

3)Reflux income for Walk in VIP Shopper eV(eVolume)

4)U Mobile Referrer Income -  Commision RM 60-RM 90 depends on the package customer  taken

5) Co-branded AMBank Credit Card - You will get RM 50 for each customer signing up

6) E-transfer 

7)
Unlimited Income ( networking)- 4 types of income:
     a) retail profits(rp)
     b) branch override(bo)
     c) branch performance incentive (bpi)
     d) extra incentives (EI)

   
(Four types of profit stated above are counted in USD. Conversion to RM will be based on the latest currency rate. That profits will be paid together with your retail commission of 10% (for stockist) and with guarantee income (drug and OTC 50% profit + additional 12%/13%) for pharmacist.