Best Tips for Choosing a good PCD Pharma Franchise Company in India

What is PCD Concept?

The concept of PCD or Propaganda Cum Distribution has become very popular now and it has taken the pharma industry by storm. In this concept, the pharmaceutical companies provide marketing and distribution rights of the drugs to distributors or marketers in which they both have mutual benefits in terms of sales, business and revenues. There is no need to hire sales agents for marketing and distribution of products and it also helps to do the distribution in a large scale. Many top PCD pharma companies in India give their product marketing and distribution rights to the franchisee to spread their business and earn profits.

Choose the best PCD pharma company

Individual having knowledge and experience in the field of pharma and medicines can apply to the top PCD pharma companies in India for PCD franchise and can become his own boss through marketing and distribution of the products. But before you go through any other things, it is important to make a good selection of potential PCD pharma franchise companies in India. Here are some tips to choose the best PCD pharma franchise company:

  • Ensure that your shortlisted PCD pharma franchise companies in India are ISO certified and have all other quality certifications.
  • It is crucial to know about the company’s history. Make sure the PCD pharma company you choose is legal and registered.
  • Do a thorough research about the company on the internet to check their customer reviews.
  • The company must have a good working experience.
  • Enquire about the type of drug ranges they can deliver.
  • Make sure that your chosen PCD pharma company follows strict quality standards.
  • Quality is undoubtedly the main thing but packaging is also related to the psychology of the customers. So, choose a company which not only provides quality but also ensures attractive packaging.
  • Don’t forget to make proper marketing agreement to prevent any kind of loss in the near future.
  • Ask the company about their offerings like promotional inputs and marketing inputs like Visual Aid, LBLs, MRbag, order books, Prescription Pads

If you are serious about associating with a PCD pharma company then consider all the above mentioned points carefully and enjoy great profits.

PCD Pharmaceutical Company – A Great Way to Do Business by Reaping the Best Benefits

As we know PCD stands for Propaganda Cum Distribution. This business provides you the exclusive rights to become the sole seller of the products of a certain brand. No matter what phase the market is going through, PCD pharma industry always maintains its pace and keeps its owners away from any worries about recession. There are a lot of opportunities to do business with PCD pharma companies in India and set them as a good source of income.

PCD Pharma Companies in India

Associating with the best PCD pharma companies

PCD pharma business is all about growing contacts and expanding your network. By associating with the best PCD pharma companies in India, you will grow by leaps and bounds. Since the industry is growing, you are getting more and more options. To reap the best benefits, you should partner with a genuine firm and take care of the following points:

• Choose a PCD pharma company that offers genuine medicines. You may look for a company which is in to making tranquilizers, cardiac stimulants, vitamins, anti-fungal and herbal products as they have a great market these days.

• Another important factor that you need to keep in mind is the network of the PCD pharma franchise company. Many companies have their network across the country and partnering with such companies will always give you great benefits.

• Genuine companies always assure the quality of their products. If they outsource their production, they make sure that the vendors follow international quality standards in manufacturing the goods.

• A reputed PCD pharma franchise company has a well-organized infrastructure and a team of qualified and experienced professionals to manage the bulk requirements of its customers.

You can contact these renowned PCD pharma companies to start your business with a smart investment and keep growing in the pharma industry.

How to Become a Successful PCD Pharma Distributor?

The pharmaceutical industry is developing rapidly across the world. In this aspect, the PCD pharma distribution is also growing like a chain having many wholesaler links and innumerable networks worldwide. The PCD pharma distributors purchase medicines from manufacturers or suppliers and then distribute the products to various pharmacies according to their needs and demands.

Top Pharma Franchise Companies in India

Starting PCD pharma distribution business is certainly a great idea but you must be mentally strong and patient during the entire process. There are a lot of factors to consider if you want to grow in to the target pharmaceutical market. Here are some important factors that will help you become one of the best PCD pharma distributors in your target area:-

  • You should start at a small level i.e. a single area or territory. You can expand your business area if you get satisfactory results.
  • You must have a proper plan with a clear outline about your financial info, resources as well as marketing strategies.
  • By considering your target market, you should select a perfect location for your business.
  • Most of the top pharma franchise companies in India provide a monopoly marketing agreement at mutually agreed terms and conditions. All the terms and conditions should be documented. No verbal terms should be accepted.
  • Prefer the top pharma franchise companies in India which have no target system. But if they provide lot of facilities and a regular stock availability then you can think about this.
  • Always make sure that the products are available on regular basis.
  • Advertising will help you reach a huge population. Conduct proper research before launching any product and try to know beforehand which type of support is provided by the company in promotion as well as marketing.
  • Calculate the gross margin of your business. This will enable you to know the profit margins, particularly when you are purchasing in bulk and making a long term contract with the supplier at a low cost.

 By considering all these factors, you will surely progress in the pharma industry as a successful PCD pharma distributor.

What are the Requirements for Starting a PCD Pharma Franchise?

Are you planning to start your own pharma franchise business?

Pharma franchise is indeed one of the flourishing businesses in India. The Indian pharma industry is more than US $ 36.7 billion which is rapidly increasing each day. Investing in a sector that is least affected by the Good and Sales tax (GST) is a great idea to establish a good business. The top PCD pharma franchise companies in India serve the masses with medicines which have good demand round the clock.

Pharma Franchise

In this blog, we will discuss the requirements for pharma franchise business. So, here we go!

Qualification and Experience needed for pharma franchise

PCD companies usually does not ask for any qualifications but some may ask for a minimum SSC or 12th from a recognized board. It is best if you have minimum 3 to 4 years of experience in sales and marketing of pharma products in top PCD pharma franchise companies in India.

Important documents required for PCD pharma franchise business

For selling drugs in India, you need to have license from the government otherwise it will be a    punishable crime. To get a PCD franchise, the following documents are required:

  • Drug license registration

This is a vital document that you must have if you want to start your own PCD pharma franchise business.  The two government bodies that provide us with drug license registration are as follows:

  • Central Drug Standard Control Organization
  • State Drug Standard Control Organization
  • Income tax registration

To get this document, you need to be registered in:

  • VAT(Value added tax)
  • CST(Central Sales Tax)
  • TIN(Tax Identification Number)

Investment requirements to start pharma franchise business

The minimum requirement to attain a PCD franchise will vary from company to company. The investment is low and can be cheaply offered by many pharma companies across India.

These are some of the basic requirements for taking pharma franchise in India. However, it is better to choose a company which can support you in a long run.

Choosing a Good PCD Pharma Company

Starting a pharmaceutical business is a great decision. Good PCD pharma companies will provide you all the materials and even guide you through the entire process. But the actual work will be yours. It will be a win-win situation for both of you. However, a business is a business! You cannot make any mistakes when it comes to the selection of PCD pharma companies. You will need to consider various factors while doing so.

Medicine Franchise Companies

Here are the things that you should necessarily consider when choosing a PCD pharma company that becomes your partner in your ambitious plan of entrepreneurship:

  • Try to know about the company’s history and also about its dealings with its franchise clients.
  • Seek views from people like their employees, clients, etc. who have worked with them in order to know about the company personally.
  • The goodwill of the pharma company will be an important factor to see as this can give you an estimation of the returns and profits that you can expect from the franchise.
  • Availability of the products and their quality must not be altered. The business of the medicine franchise companies is all about the sales of their medicines that boost the profitability. Many times, the pharma companies offer fake lists so you must be aware of them.
  • Packaging of the products is as important as the product development itself. Good shelf life and moisture barrier of the medicines create good impressions on the doctors.
  • Every company has its own terms and conditions which can be fully or partially not in favor of you. Thus, you can list out some companies and then choose the better one.
  • You must know about the rate and profit margin which is different from company to company. More is the profit margin, better will be the business of the medicine franchise companies.

So, make a wise decision by considering all the above points and never run out of research work which is incomplete.

How Does PCD Pharma Companies Work in India?

Concept of PCD Pharma Franchise

PCD stands for Propaganda cum Distribution. PCD or pharma franchise is an authorization or permission granted by a pharma company possessing the rights to any individual or group, allowing them to carry out all commercial activities like selling and promoting the company’s products on mutually agreed terms and conditions .

The marketing of the pharma products by PCD pharma franchise companies can be done in any of the two ways:

  1. Ethical Marketing: In ethical marketing, the company will appoint medical representatives for the marketing of the products. In this type of marketing, the medical representative talks to the stockists, wholesalers, chemists, retailers and doctors of that specific area and convince them to buy or prescribe their medicines to the public within the marginal rate set by the company.
  2. PCD / Franchise: In PCD Franchise type of business, PCD Pharma companies appoint its distributors and help them grow by giving them monopoly rights. Distributors appoint Medical Representatives to contact doctors in their area. Then medicines are prescribed by the doctors. This way business growth is made sure by making availability of pharma products. Promotional material provided by PCD franchise companies also play an important role.
  3. Choosing a good PCD Pharma Company in India

The competition is increasing day by day and a number of PCD pharma companies in India have emerged. You must be very careful while making a choice of PCD franchise company and consider the following points:

  • Dealing with quality medicines at reasonable rates is one of the key points for the success of PCD franchise. So, it’s better to choose a GMP, ISO and WHO certified company.
  • Choose the PCD pharma companies which have a variety of products and work on   regular availability of the products at a reasonable price range.
  • It is always better to get associated with PCD pharma companies who have a good reputation in the market.

If there is any confusion regarding which PCD Franchise Company to choose then you can have a look at some popular health journals, some health-based monthly newspapers or do a thorough research on internet to know about some of the best PCD pharma companies in India.

Best Ways to Attract PCD Pharma Franchise Distributors

At present, all the top PCD pharma franchise companies in India are looking for the best ways to get more and more distributors to boost their business profitability. Convincing business partners (distributors) to choose you over other innumerable options, where all pharma companies in Chandigarh are committed to delivering exceptional services, can be a daunting task. Therefore, you should be much focused towards your business promotion and take necessary steps for it.

Here, we will discuss some of the best and new techniques to attract PCD pharma franchise distributors easily. Following are some of the measures which will enable you to take your PCD pharma business to the next level:

Top PCD Pharma franchise companies in India

  • Support to Medical Representative:

Top PCD Pharma franchise companies in India gives rights to distributors to expand their business in allocated areas. These distributors appoint Medical representatives to contact to doctors. MRs need many promotional aids to get these products recommended. PCD Pharma companies provide promotional aids like Visual Aid, Product Glossary, LBLs, Sample Catch covers, Reminder-cum-Thank You cards, MR bag, Visiting cards, Order books, Prescription Pads, Diwali and New Year Gifts to Medical Representatives. It helps the business to grow.

  • Social media:

Nowadays, social media has become a powerful tool for promoting businesses and brands since millions of businesses are connected with them. There are various platforms like Facebook, Twitter, LinkedIn, Pinterest, Instagram, Slideshare and more, from where you can easily reach your target audience. These platforms also have the facility for sponsored post where you can pay for advertising.

  • Blogging:

Blogging is a great way of marketing for pharma companies in Chandigarh. Compose blogs and make use of web based social networking to advance them. This helps in generating a trustworthy response among customers or PCD pharma franchise distributors. Blogging provides information to the customers for which they are looking for. So, if you meet their requirements, they will trust you and your company.

All these tips are highly beneficial in attracting PCD pharma franchise distributors. Follow these tips with proper planning to attain your desired goal.

Some Essential Tips for Choosing Pharmaceutical Franchise Company

Choosing a company for franchise marketing is a critical step for you as your future depends upon this decision. A right decision can build your market and increase your income but a wrong decision can prove to be disastrous. It is not easy to predict which company will be perfect for work and provide you the best possible support. However, you can follow the given tips to make a better choice:

PCD pharma companies in Chandigarh

  • Name of the PCD Franchise company

Company’s name is an important aspect as you will be recognized with it. So, try to select the best PCD franchise company in India which has a professional, easily pronounceable and catchy name.

  • Range of Products

You should choose the product range as per your need. Having a big list of products does not matter if the products in the range are not of your interest. It is always better to choose a company which has a product range of your interest.

  • Brand Names of Products

Like the company’s name, the brand names of the products should also be easily pronounceable and easy to remember. Short and technical names create a stronger impression.

  • Packing of Products

While selecting PCD pharma companies in Chandigarh, you must know about the packing of the products. Packing creates the first impression in the minds of the patients, doctors and chemists so, it should be proper.

  • Stock Availability

Before starting work with the company, you must confirm about the stock availability terms. Once the doctors start prescribing your product, they can’t wait for you if you are unable to supply them the products on time. Clarify all things beforehand and take assurance about regular product supply.

  • Marketing agreements and Monopoly Rights

You must take marketing and monopoly rights agreement on stamp paper which indicates that you are the sole distributor and marketing person for particular area.

  • Payment terms

You should clarify about the payment terms before you start working with the company.

  • Promotional Inputs

The company should provide you timely supply of promotional inputs like visual aids, reminder cards, diaries, pens, key chains, etc.

How Does PCD Pharma Franchise Company Work?

What is PCD Pharma Franchise?

Franchise is an Anglo-French word that means “Liberty” and is defined as an authorization granted by a company, organization or Government to any individual or group allowing them to carry out specific commercial activities, such as, marketing, sales, distribution, appointment of distributors, etc. for company’s products.

Likewise PCD Pharma Franchise is an authorization granted by a pharma company to any individual or group or distributor which allows them to utilize the pharma company’s brand names, products and trademarks for the benefit of the organization.

What is the procedure to start a PCD Pharma Franchise Company?

Different pharma companies have different terms and conditions for appointing franchise, so it is quite difficult to provide accurate procedures. Some companies offer state wise franchise whereas some provide zone wise franchise but most of the pharma companies in India provide district wise franchise. You can follow the below steps while starting your Pharma franchise business:

  • Choose the product you want to market
  • Select the companies for franchise.
  • Send queries to the companies regarding franchise. Ask them whether they have vacancy for your area and if vacant, request them to send their product and price list.
  • Then finalize the best possible pharma company for franchise.
  • Make marketing agreement with the pharma company with mutually agreed terms and conditions, and start working with them.

The basic concept of pharma franchise and marketing is simple. A distributor is appointed for the company who will also do marketing along with distribution and supply. The pharma companies manufacture the product and sell to the medicine franchise companies by adding their profit of margin in the manufacturing cost. Franchise Companies market the products at their own cost.  They must have a strong hold in the market and good relationships with the doctors as well as the pharma professionals.

In pharma franchise system, profits and expenses are calculated in a similar way as in case of direct ethical market. The only difference is that two different parties complete the work at sharing basis. For selling products, the pharma companies depend on their franchisee associates whereas the franchisees depend on the manufacturing company for regular supply of medicines.

Why is Pharma Franchise important for Indian Pharmaceutical Market?

PCD pharma franchise is a right which is granted to the franchisees by a particular well established firm or the government enabling them to deal with specific commercial activities. Such commercial activities comprise of being acting like agents or marketers or one of the sales representatives for the products of the explicit group or company. Medicine franchisees deal with the proprietary products of the pharma company, promote their brands and the trademarks and thereby generate profits.

best PCD pharma company in India

Medicine Franchise Company- the Spine of the Pharmaceutical Industry

Some of the reasons why medicine franchise companies are considered as the spine of the pharma industry are stated as below:

  • To overcome the monopoly of the big pharma companies

With sufficient resources and control, the big pharma companies can beat any competition in the pharmaceutical market. But the start-ups do not possess such resources so they are unable to cope up with the high competition. However, pharma franchise allows these small or medium sized companies to face all these challenges by having healthy relationship with local medical experts.

  • Create Great opportunities

When it comes to large scale market, the pharma sector holds about 1.5% to 2% of the overall market share and it is on a rise with a fast rate of 10% every year. In such cut-throat pharmaceutical marketplace, becoming the best PCD pharma company in India is not easy. The new pharma companies may face problems in proper distribution and building the brand name in this highly competitive pharma industry. But with the help of a medicine Franchise model, it is much easier to cross the threshold.

In order to stand steadily against the big pharmaceutical companies and eventually to become the best PCD pharma company in India, a strong pharma franchise concept is needed. PCD pharma business is undoubtedly a first-rate way of earning great profits but you also need to invest in pharma franchise, rent, labour and a lot of other such costs which are needed to run the business.