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What Is The (PCD) Pharma Franchise Model?

Pharma franchise is known as PCD (propaganda cum distribution), the word PCD refers to the marketing and distribution of products or commodities under approved rights. PCD Pharma franchise in India gives rights to the franchisee to spread its business with the help of Franchise Company. Thus, the control will be transferred from the company to distributor, medical representative, C&F, stockiest, etc whereas the ownership will remain with the Pharma Company. This kind of business model encourages mutual growth and benefits.

Benefits of Associating with a Pharma Franchise

1.     Marketing Support

 You will need marketing assistance to scale up your business. For this, you do not have to worry about things like visual aids, media airtime, or most of the marketing requirements. All this is provided by the bigger business (PCD Pharma franchise in India) of which you are now a partner. Just your business is to sell and find new locations to expand to.

2.     100% control over your business

The rewarding section of the pharmaceutical industry is, you have the liberty of choosing a team, deciding marketing strategy, and determine yearly growth targets. You have the freedom to run and grow a business in your ways making it a profitable business.

3.     Get a Chance to Sharpen your Skills

Planning a PCD Pharma Franchise Business opens new perspectives of your work-ability and growth. It is the perfect time to nurture your skills and mold them for a bright future.  Put all your knowledge into your fieldwork and give tough competition to all your competitors. 

4.     Minimum risk involved

 There is no high investment involved and the risk factor which is also less significant. Being a part of the propaganda cum distribution, the Pharma franchise is a very good option for anyone who wishes to do something of his own but doesn’t have sufficient money for it.

5.     A Wide Product Portfolio

You need to have a well-defined collection of which PCD pharma company services and products you wish to stock. That means your product range perfectly fits your business design. In this way, you can raise your earnings figure by the perfect margin.

How to Start the PCD Pharma Business?

To start the PCD pharma franchise you need a Wholesale Drug License number and Good and Service Tax Registration Number. You can also use your distributorship license number but making your license is considered safer. Then you need to follow the step by step guide to initiate the process is given below:

·        Firstly, you need to market research and analysis to choose the pharma franchise. It can be done by conducting comprehensive market research. Market research covers collecting feedback forms, questionnaires, etc.

·        The most crucial part is to get details of the history of the company, market share, vision, mission, and goals. What is the overall market reputation? All these aspects need to be investigated fully.

·        Make planning for investment however PCD Pharma franchise in India offers a low-risk environment. The investment requirement is less, and the return on investment is high.

·        Also, Business targets are important to establish a credible relationship with the company so that the targets assigned are realistic. It is good for both parties.

·        Make terms and conditions based on mutual understanding between both parties. Written documents are prepared because written documents are helpful in any future dispute.