The Indian Pharma Industry is seeking a gradual economic growth providing ample business and job opportunities. With the increase in demand for various medicines, many local players jump into the competition to meet the market challenges. And to reach every nook and corner, they offer distribution business opportunities to the associated people. Here, owning the PCD Pharma Franchise is the best option for Business Startups. Wants to know why? Listed below are the reasons.
What is PCD in Pharma Franchise?
PCD refers to Propaganda Cum Distribution business. The pharma companies provide the distribution authorities to small entities, individuals or firms on their behalf. This business platform lends you indigenous growth opportunities with genuine investment plans. The pharma companies, as well as the distributors, work on some terms and conditions to earn profits. You can get monopoly rights of distribution to have good marketing experience. This is the best medium to serve and earn handsome income in a reputed way.
Benefits of Owning PCD Pharma Franchise
The pharma distribution business has a bright scope in the Indian pharma industry. This business is the best way to become an independent entrepreneur. The awareness among the general masses for health facilities, disposable income of people and the support of the government to bring health reforms have strengthened this industry. Therefore, to meet the market challenges, pharma companies offer lucrative business opportunities with certain benefits to the franchise owners.
- Monopoly Rights: The pharma companies provide exclusive rights of pharma distribution on the basis of monopoly that helps the franchise holder to get a good marketing experience in their respective areas.
- Genuine Investment Plans: To start any business, investment is the major part. In PCD Pharma Franchise Business, the investment is genuine and the profit margin is high.
- Extensive Product Portfolio: The pharma industry comes up with hundreds of new formulations every year. Therefore, the franchise owner has a good choice to invest in.
- Marketing Support: The pharma companies cover the market risk by providing strategic marketing support to the investors/ franchise holders.
- No Monthly Targets: In PCD Pharma Franchise Business, the associates are free from the target issues.
Opportunities in PCD Pharma Franchise Business
The PCD Pharma Franchise Business offers endless growth opportunities. You can choose any drug segment or any distribution cycle to get a good marketing experience. There are multiple career opportunities in this venture. You can choose a distribution for
- Ayurvedic/ Herbal/ Unani medicines
- Allopathic medicines
- Health/ Nutritional supplements
- Medical/ Surgical distribution
- Distribution in Hospitals/ Clinics/ Health Centers, etc.
- Chain Pharmacy, etc.
Pre-Requisite Required to Own PCD Pharma Franchise Business
The business of pharma distribution is associated with the lives of general masses, therefore, permission from the government is necessary to own this venture. Hence, the certifications that you need to own PCD Franchise Business are:
- Drug License
- Tax Identification Number
- Sale Tax Number
- Authentication with GST
- PAN details of the Firm/ organization as well as the owner.
How to Choose Pharma Company for PCD Franchise Business?
Along with good investment plans, there is a need for knowing the market demand for various therapeutics in your region. There might be hundreds of pharma companies that are serving in your region, but how to choose the one to join for the franchise business is the big question. The answer is listed below:
- Choose the one that is certified with national or international standards like ISO, WHO, FSSAI, DCGI, etc.
- The pharma company should have exclusive drug range covering various therapeutic segments
- The rates of medicines should be genuine, and competitive as per the market rate.
- The company should provide quick delivery with over the counter services for various therapeutics
- Monopoly rights, marketing support, promotional gifts like benefits should be there.
- Handsome profit margin should be distributed to the franchise holders.
Owning the PCD Pharma Franchise Business is an excellent career option for a startup. With a bright scope in PCD Pharma Franchise, the chances to earn money is also well. We, At Biofield Pharma, offer quality assured 300+ pharma product range for the franchise business with lucrative business deals. We avail our services all across the nation with ethical business modules. To know more about us, contact us!