Imagine owning a successful pharma business where you sell trusted medicines under your own brand name. Yes, you can start your own business without setting up manufacturing units or making huge investments.
If you want to enter the pharmaceutical business easily, this article is for you because in this blog, we will explore what a PCD Pharma Franchise is. (Complete Beginner’s Guide)
Don’t worry if you don’t have the resources to start the pharma business; we help your dream turn into reality.
Let’s Understand What Is PCD Pharma Franchise Is.
The PCD stands out as Propaganda Cum Distribution, a normal name that shows a simple idea. The PCD pharma franchise helps to turn your dream into reality because it allows you to sell and distribute the pharma products, or medicines, under their brand in your area. Your pharmaceutical venture also helps you to sell their brand name or products with their reputation.
When you own a reputable franchise model, you are the only distributor to sell their products; no one has the right to sell their product brand in your area.
This is like you just handle a well-reputed and stable business, you just sell products with a brand name. Owning a franchise means focusing on sales and hassle-free production.
Why is the PCD pharma franchise so popular?
In the world, there are so many people turning into the PCD pharma franchise business. The PCD pharma franchise gained popularity in the Indian healthcare sector. Let’s understand why this business model is so popular.
- Less investment, high caliber: you don’t need to invest in the machinery, production, or stress about product transportation. All stress is for the company owner; your main goal is owning a PCD pharma franchise for product distribution and supply.
- Quick supply products: you just apply the demand of medicine, tablets, and syrups from your centralized distributor, who gives you easy access to all products and healthcare products. (when mentioned in your agreement)
- Monopoly rights: most of the PCD pharma franchise offers you the exclusive rights to product sales in your region. It means you don’t face problems like the same medicines as your competitor, you are the only one who sells the medicine, and healthcare products in your region.
- Smarter growth of the Indian pharma industry: the healthcare industry is rapidly growing in the healthcare industry, because an aging population and government healthcare programs are continuously aware of public attention, and demand for medicines is growing.
- Work independence: you decide your marketing strategies and monthly or yearly targets; no one can order you like a boss.
How does the PCD pharma franchise model work in the market?
The franchise model works with a corporation-based model, where the pharmaceutical company allows individuals to sell their product with their brand name and reputation. The franchise holder promotes the company’s product and gains profit from selling the healthcare supplements and products. Pharma companies don’t require any heavy investment. If you want to hold the PCD pharma franchise in your region, you need to understand some steps of choosing the right pharma company.
Choose A Reputable Pharma Company
You need to research the pharmaceutical venture company that is stable with various years of experience, and offering opportunities for opening a franchise. Ensure the company certifications, product quality, and overall market performance.
Certifications-
- The World Health Organization (WHO) provided
- Good Manufacturing Practices (GMP)
- International Organization for Standardization (ISO)
Choose Area
You need to choose a territory and a district where you can easily sell the company’s product with the pharma rights. When you hold the franchise in your area, others have no right to distribute your partner company’s product without your permission.
Read the Agreement Carefully
When you and your pharma partner company both agree, you read all the rules and policies about your partner pharma company, so you can sign the agreement.
What things do you consider before signing the agreement:
- Majority
- Product list
- Pricing and margins
- Responsibilities
- Expiry date returns
Licence & Legal Paperwork With Documentation:
You need to hire & obtain a certificate from the government for a medical license, drug license, GST registration, or other permissions to sell and distribute the medicines legally.
Marketing & Distribution Of Medicine
Your partner owner company supplies the medicines, syrups, injections, and tablets to your franchise. Promote their products with reliable marketing strategies. Make contact with doctors, medical professionals, and hospitals to sell the products easily.
Now is The Time To Grow
When you see the sales and promotions working in your territory so you can easily expand the product range and scale up operations.
What do you need to start a PCD pharma franchise?
If you are interested in starting a PCD pharma franchise and you don’t have a high investment, don’t worry, Lifevision healthcare, like pharma companies, offers you to own a PCD pharma franchise in your area. because a PCD franchise doesn’t require too high an investment; you just need some documentation and experience.
- Legal documentation such as a drug licence, GST number, and storage distribution proof.
- A small investment for holding the PCD franchise, it depends on your area and product list.
- Safe storage space is required to be temperature-controlled for sensitive medicines.
- Build connections with doctors, medical professionals, and hospitals.
- Use visual ads like banners, attractive gifts, and offers.
What are the benefits of choosing the PCD pharma franchise?
- Lower risk of investment loss
- Less investment
- Wider product range
- High profit margin
- A strong company foundation helps you to sell products
- Expandable with more products
Why choose LifeVision Healthcare for the PCD pharma franchise?
Lifevision Healthcare is the most well-known and reputable third-party pharma manufacturing company. It is well known for its WHO and GMP-certified medicines. This company offers you the monopoly rights with high marketing support. These ensure smooth operations for high profit margins.
People also ask about the franchise model.
Q.1 Why do pharma companies offer the franchise?
A: Pharma companies want to grow their business and brand popularity, so that’s why they offer a PCD pharma franchise.
Q.2 Can I sell medicines without a drug licence
A: No, you can not sell medicines without a drug and medical licence; it is considered illegal because without proper knowledge, you can not sell medicines.
Q.3 How can I choose the right PCD pharma franchise?
A: Choosing the right PCD pharma franchise, you need to consider various factors such as:
- Company reputation
- Products range
- Transparency about prices
- Profit margins
- Marketing support
- Most important monopoly right
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