Learn 3 Ways to Make Money with Pharmaceuticals (2021 Guide)
In 2019, approximately 1.25 trillion (USD) of revenue was the worldwide pharmaceutical market revenue. Pfizer’s total revenue for 2020 is $40.9 billion while Johnson & Johnson’s total sales reside at $82.6 billion. Given the nature of these statistics and their relevance to our day-to-day post-pandemic lifestyle, it is natural to seek opportunities through these high-demand industries. As our title suggests, our analysts have compiled three unique ways to make money with pharmaceuticals.
Online Platform
As a website, forum, or review site owner, you are in a unique position to leverage monetization and gain influence and authority in your chosen field. Focus on trying to add value to your audience, as their success ultimately helps fuel yours. Common monetization avenues include affiliate marketing (commissions), paid-per-click advertising, sponsored posts, and promotional offers.
Big Pharma Investing
Given our situation as a species, post-pandemic, we have access to leverage pharmaceutical stocks that don’t require a lot of scientific know-how behind it to get in on the action. With COVID-19 vaccines available in many formats, most of the companies behind government-authorized vaccinations are publicly registered companies. Here are the big names to know for pharma trading:
- Pfizer (PFE)
- Moderna (MRNA)
- AstraZeneca (AZN)
- Johnson & Johnson (JNJ)
- Sanofi (SNY)
- Takeda Pharmaceutical Co. (TAK)
Career
A bachelors degree in a relevant field is required for any of the three high-paying pharmaceutical careers:
- Pharmacist: $120K/Year. The core task includes prescription distribution.
- Clinical Researcher: $98K/Year. Broad field with many subspecialties.
- Logistics: $110K/Year. Always room for innovation and service-first changes.
The Recap
If you’re not into science first-hand but understand its importance in our lives then you know that pharmaceuticals will always be a thriving industry. Given the state of our post-pandemic society, vaccinations and big pharma will play an increasing role in our everyday lives as we continue to bounce back globally. Therefore, investing is always a great way to generate income and obtain financial freedom without being thoroughly involved.