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How to start a PCD pharma franchise

How to start a PCD pharma franchise : If you are looking to start a business with low investment and high profit margin besides complete monopoly in your region the PCD pharma franchise business is a good option. The recent COVID recession affected most of the economy, however the only segment that managed to remain profitable was the pharma segment and its associated business partners. As the demand for medicines remains unaffected by the socio-economic and legal restrictions .

Pharmaceutical Industry Franchise has been the most preferred option for all pharma professionals. Time has proved that pharmaceutical franchise remains heavy profit earning business. It remains stable and secure even if you start a fresh business. While the pharma marketing professionals are rising so is the pharma franchise scope. the rapidly rising population and demands for doctors and healthcare professionals are also adding to it. Also the pharma marketing is become competitive due to a lot of competing pharma franchise companies. However still your can be far ahead if you have good network, follow good strategic approaching and healthy marketing practises. Only in the initial stage you have to struggle a bit to make the brand popular in your pharma market region, the sooner you do the quicker you get stability in the business. You will keep on adding new parties also the old one will be leaving the race, but its a rotating cycle and the more you keep paddling the more you remain profitable.

Steps to start Pharma Franchise Company in India

Starting a pharma franchise company is not a rocket science. All you need is a Wholesale Drug Licence and a GST number. You can arrange for the same through your distributor / wholesale supplier for whom you need to arrange stockist. The below is the sequential steps to start the process :

1. Make a list of pharmaceutical products you aim to market in your region.

2. Analyse list of available pcd pharma franchise company available in Indian Pharmaceutical Segment.

3. Check with them if they offer monopoly rights in the region of your interest. It must be vacant region in the company list.

4. Contact the company staff and demand for product list, available offers along-with product list showing net rage and MRP.

5. Must have at least 5-6 companies to compare the rates and variety of Range.

6. If you feel the need you can also ask for product samples to see the packing and other conditions of the pharma products.

7. Company staff dealing, transport facility and the complete supply chain network must be thoroughly understood to ensure there is always continuity of business regardless of unforseen conditions.

8. Also check their promotional offers, product catch cover, other promotional inputs like MR Bags, Gifts, Samples etc.

9. Visit the company, make a tour to the manufacturing facilities to ensure they own good manufacturing facilities which is as per the GMP & WHO norms.

10. Go for a written agreement to ensure the monopoly rights will remain unaffected while ensuring a reachable target at a good margin.

11. Send your order to the company, get payment as per the invoice and ask for the dispatch as per mutually agreed dispatch terms.