In the pharmaceutical industry, PCD Pharma stands for “Propaganda Cum Distribution”. Propaganda refers to the marketing and promotional activities to improve the sales of the business, Cum stands for the combination of distribution and promotional activities, and Distribution includes logistics, supply chain management, and delivery of pharma products from producer to end customer. All these responsibilities are taken by the distributors or franchises within their specific region.
PCD Pharma is a business model in which distributors and franchises are authorized to sell Pharmaceutical products in a particular region. In recent years, this model has become popular due to increasing demand for quality and affordable medicines. Grevis Pharma is a reputed pharma company that offers the best PCD pharma Franchise Opportunities in India.
Key Features of PCD Pharma Franchise
Particular Geographical Region
The distributors and franchises have the right to market and sell pharmaceutical company products within a particular geographical region.
Low Investment
As compared to the new pharma business, the PCD Pharma Franchise model requires a low investment in terms of research and development or product registration.
Marketing Support
Franchisor provides training, promotional material, and ongoing support to the distributors and franchises to easily sell the product in the market.
Authorized Products
The distributor gets access to the best-quality pharmaceutical products that have been tested and finalized by the regulatory authorities.
High-Profit
PCD Pharma Franchise model is highly profitable for the distributor as well as for the producer as pharmaceuticals products need low investments and have high margins on it.
Flexibility
The franchises and distributors can operate this business from a small rented room, home, and somewhere else. Even they can choose their working hours according to themselves.
Working on PCD Pharma Franchise
PCD Pharma franchise is an agreement between a producer (pharma company) and a seller (distributor or franchise). The Pharma company gives authority to the distributors and franchises to sell the products under the pharma company’s trademark. Some of the major points about PCD Pharma franchise are mentioned below
i) The Pharma franchise is provided only to individuals who are interested in investing the money in Pharma products and can generate a good return of investment from these products.
ii) As a sole proprietor, you can’t distribute the Pharma company’s franchise to other person in your locality.
iii) The franchise proprietor supervises all the marketing activities related to pharmaceuticals. The distributor or franchise proprietor is authorized and sell pharma products in their target area or market.
iv) The Pharma company’s owner is responsible for the brand promotion, whether he is in touch or not in touch with that company. With all the latest trending factors, including marketing medicines the company’s owner take care of its brand promotion.
v) To beat the competition and stand at a good position in market, it is responsibility of the pharma company to launch new and efficient products according to the demand of the consumers.
What Are The Documents Required For Getting Pharma Franchise?
The individual needs to have these documents to get a pharma franchise from any company and start a business in pharmaceuticals.
i) For a firm registration, it is essential to have GST number which can be given by a government designated department.
ii) As most of the pharmaceuticals products contains drugs in it, it is mandatory to have to have a drug license issued by a legal authority to run your pharma franchise.
iii) Prior experience of 2-3 years in Pharma industry is necessary for an individual.
iv) An signed agreement is also necessary from both the parties.
Benefits of PCD Pharma Franchise
Pharmaceutical companies provide many benefits for Eye Drops Franchise in India that can be beneficial for both the producer and the seller.
Enhance Sales and Revenue
The distributors sell the products within their boundaries under the company’s name. Therefore, the product can be easily distributed on a large scale that increases the reach of the company and also enhance its sales.
Improved in Efficiency
The operators are completely responsible for selling the pharma company’s products that is best for the business growth without having any tension or stress to the owner.
Training and Support
The pharma company provides ongoing training and support for to the distributors for operating the business and for business growth
Conclusion
PCD pharma franchise is a low-risk and high-profit making business in pharmaceutical industry. It is the best business opportunity for the individuals who wants to invest in the pharma company. However, before investing in a pharma franchise you must be aware of the company’s product, and also consult your legal advisor about the rules and regulations of the company to ensure whether the company’s agreement is favorable or not. With PCD pharma franchise you can not only enhance the reach of your business and but also increase in sales. This PCD pharma model is beneficial for both the company and the individual who owns its franchise and selling its pharmaceuticals products.
No comments yet