Are Pharma Franchise and PCD Pharma Franchise the Same?

PCD franchise and pharma franchise are two major categories of franchise contract in the pharmaceutical industry. As the terms sound similar, many people tend to confuse the two as same. There are huge differences between the two. In this article, we will discuss the major differences between Pharma franchise and PCD franchise. 

Investment and qualification

PCD or Propaganda Cum Distribution Franchise is an agreement a pharma company signs with an individual or a group of people. An individual who has less experience in the industry still looking for an opportunity can become PCD franchiser. It is mostly opted by freshers and new entrepreneurs who want to start a business in a small level with less investment. 

Pharma franchise is a large-sized business, which needs more investment compared to PCD pharma franchise. A pharma franchise can be taken up by well-experienced and qualified individuals with years of experience in PCD. Sometimes, even pharma companies will support a pharma franchise with loan or credit.

Area of business

PCD pharma doesn’t need more space for business as they distribute on a small scale. A pharma franchise needs huge space to operate it deals with huge volumes. Many PCDs come under a pharma franchise business and hence it needs more space to store all the products. 

Credit and target

Pharma company owners get many benefits including credit facilities or credit loan. But PCD franchisers don’t get loans or credits. There is no target for PCD pharma franchises. They are free of the tensions of achieving targets. It is not in the case of a pharma franchise. They have minimum franchise sales target to achieve every month.  

The pharma industry is well developed and still has scope for development. If you have background in pharmacy and would like to start your business, setting up a PCD will be a good option. On the other hand, if you already have ample experience in the industry and have financial backup, you can take up a pharma franchise and grow your business.

More info @ best PCD franchise company in India

Why Should You Appoint Pharma Franchise Distributors for Selling Products?

The pharmaceutical field is growing at a rapid pace and every day a huge number of changes happen in this industry. To ensure the maximum reach of products, each pharma company adopts a different marketing and promotional tactic. But, one common method that all pharma companies use is availing the support and assistance of PCD pharma distributors. By selecting the right distributors, pharma companies can not only reach out to a wider market, but also get close to the end customers. 

Listed below are reasons for you to choose the best PCD franchise company in India to expand your business and market. 

1. Reach out to a larger customer base

By having PCD pharma distributors, pharma companies can reach out to a wider market. When you’re operating from one region, it could be difficult for you to monitor the local market needs of all the areas where you are planning to sell your products. Having a local distributor will not only give pharma companies a local advantage, but also help you reach out to a wider customer group.

2. Enhance your goodwill

When your company deals with the best PCD Franchise Company in India, your business gets to share the goodwill that is already being enjoyed by the franchise in the locality. Moreover, pharma distributors will also approach different doctors in the region and promote your products. 

3. More opportunities to grow

Teaming with a local distributor offers endless opportunities to grow and expand. The other benefit is that you can get ground-level feedback about your products from the end users.

What are the essential details required to appoint a PCD franchise for your company?

PCD pharma distributors that you select should have the below details:

•  Valid TIN number

•  Valid drug license

•  Details of professional experience

•  Regions that they are planning to cover

•  Products that they are willing to distribute 

You should remember that when you appoint a distributor to promote your products, you will be

•  Sharing proprietary information with the distributors

•  Allowing them to use your brand name and trademark

•  Allowing them to perform commercial promotions and other activities for your company

•  Sharing technical information and tools with the distributors

As your brand reputation will depend on the performance and the reputation of the distributors, you need to do a careful research of the market, distributors and their history before you sign up with them.

How to Choose the Best PCD Franchise Company for Business

Do you want to invest in the pharma sector? Starting a business in the pharmacy industry will surely give you good dividends. However, you need to be very careful in the initial stages of starting up the business. It would be a good idea if you have some background in this industry as it will help you navigate the strong competition. However, if you are from a different background, it would be a good idea to learn about the pharmacy industry, so that you can have the home advantage. Here are some tips, which help you choose the best PCD Franchise Company in India. 

Research and Research

It is the first step you should do before deciding the franchise company for your business. Spend as much time as possible in researching about the company. Check its market rating, availability of stocks, customer reviews regarding the quality of the products they supplied. You also need to know their profits in the previous financial year and their scope for development in the coming years. If you are able to make contacts with people who are already having a business with this PCD, then do get “inside” details from them.

Brand name and Certifications

Preferably choose one of the reputed PCD pharma companies in Chandigarh or other parts of India. A popular brand will make it easier for you to start your business. It’s not just the reputation in the market that is important, you should also check if the company has the below certifications:

• Approval from Drug Controller General of India

• Drug License Number and Tax Identification Number

• Authorized Products confirmation 

• Manufacturing units of plants

• ISO 9001:2008 quality certification

Availability of the franchise

You should check if the company of your choice is ready to provide franchise in your location. In case, the company already has a franchise in your region, then it could become difficult for you. So, when you make your list of PCDs, check if they are open to having an outlet in your locality. 

Terms and conditions

After making a list of your preferred PCD Pharma companies in Chandigarh, read the terms and conditions of the company carefully. The policies of some companies may not favourable for you. So, you should list more companies and choose one from it according to your preference. 

So, even if you are planning to start your business with the best PCD franchise company in India, you need to do your homework right. Do the necessary research, get all the information and read the fine lines in the terms and conditions before you approach for a franchise.