indian pharma pcd companies

indian pharma pcd companies

Let us start by understanding the concept of monopoly PCD pharma company in Indian pharma industry. The term PCD is defined as the process of propaganda and distribution of pharmaceutical products in the market. The two parties involved are the Pharma franchise company or Franchisor that give marketing and distribution rights to the second party which is the franchisee or distributor.Now, there are 2 ways via which the PCD pharma company could choose to have its pharma products marketed. One way is to have several distributors market pharma products in an allotted area to achieve a wider reach.

Another way is through monopoly. A good pharma PCD pharma company in India usually gives out monopoly distribution privileges to a distributor in the unrepresented area to reduce competition. This allows franchisee or the distributor to gain complete control of marketing and distribution without having to worry about sales targets.

PCD pharma company in India

How does “Monopoly” in pharma business work?

The process involves a distributor applying to the pharma franchise PCD company for distribution rights on a monopoly basis in his area of interest. A distributor would usually set up business in an area where he/she understands the demographics, has good local contacts with medical practitioners and has an idea regarding the demand for pharma products.

Even though the process is cost effective for both the pharma franchise company and distributor, there are certain disadvantages to the system.

Disadvantages of going “Monopoly”:

  • The distributor could make profits by establishing working relationships with the doctor and the chemist. The distributor could start out by asking a doctor to prescribe medicines that the distributor sends to the chemist at a profit margin. The loophole occurs when the chemist gets a better profit margin from another distributor in the same area for same products and therefore ends up doing business with the other distributor instead.
  • The pharma franchise company may suffer if the distributor is not making sufficient profit with the current company and therefore decides to collaborate with a new pharma franchise company instead.

However, mutual trust and reliability can iron out these loopholes and work to the benefit of all. So, let us focus on the good aspects of PCD monopoly by a pharma company and put the others on the side.

Searching for pharma companies offering monopoly isn’t difficult. We are a platform for some of the best PCD pharma franchise companies offering monopoly in India. All you need to do is send your inquiry to us at +91 9888885364 and we shall get back to you within 24 hours.

indian pharma pcd companies

Pharma PCD Company Franchise  – The pharma industry is all about pharma products. The PCD pharma franchise companies that understand the important role that pharma products play in the success of pharma PCD company franchise business perform well. Those companies that overlook the importance of products suffer business losses and also lose the trust of their clients. Even pharma distributors must pay close attention to their pharma products and choose a company based on its products and product quality. How to select pharma products is a big question that needs thorough research. In this blog, we will list the product selection criteria to help you make the right choice of pharma products for your PCD pharma franchise in India.

Pharma PCD Company Franchise

But first, let us quickly recall the concept of pharma franchise and how pharma franchise companies in India have adopted the model.

PCD Pharma Franchise in India

The pharma industry of India has been growing at a fast pace surprising everyone. The target figure of USD 55 million by 2020 is likely considering the rapid growth of the industry. With the industry doing so well, investors wanting to make money from the success of the industry are plenty. And many investors are going franchise way to do business.

Propaganda cum Distribution or PCD is a type of pharma franchise business model that allows the Indian pharma PCD companies to bestow distribution and promotion rights on an individual or company to carry out brand promotion and product distribution on the pharma company’s behalf. The PCD pharma franchise companies are widely using this model to expand their business reach throughout India. The pharma franchise partners start a pharma PCD company franchise to set up own business with very little investment.

Role of Pharma Products in the Best PCD Pharma Franchise

Pharma products are at the helm of the global healthcare industry. Products that are good in quality, safe, and effective find an instant connection with the customers. Therefore, the pharma franchise companies in India must deal with quality products if they want good profits. The case is also true for professionals running a PCD pharma franchise in India. These pharma franchise owners must make sure that their partnering pharma company supplies a vast range of high-quality products so that they have many options to choose from and can make modifications to their own product line whenever necessary.

The potential pharma franchise partners must choose products based on the selection criteria listed below.

Selecting Pharma Products for a Pharma PCD Company Franchise in India

Use the tips and tricks below to make sure you choose the right products for your pharma franchise business.

  • Thorough Market Study

Look at different product options provided by different PCD pharma franchise companies. Narrow down your desired list by assessing products based on demand, their popularity, and prices. Choosing the right priced pharma products is imperative to stay ahead in the competition.

  • Scope of Investment

Do remember to evaluate your scope of investment when choosing pharma products. If high-priced pharma products stretch your budget, then focus on low-priced products that are good quality-wise. The myth that low-cost products do not have good quality is absolutely false.

  • Existing Products

Browse the current pharma products that are popular or are well-liked by people. Pharma products that are widely prescribed by doctors are a good choice if they are supplied by your potential pharma franchise company. Such products require little or no marketing efforts making it easier to sell them to the retailers.

  • Supply from the Pharma Franchise Company

One of the most important aspects of PCD pharma franchise is delivering products to clients on time. Many pharma franchise companies in India get their products made by third party pharma manufacturers. Since the supply chain involves three parties, in this case, delays are possible. Therefore, make sure you select products that can be made in bulk so that the supply is not hindered due to the unavailability of products. A regular supply of products is very important to keep the pharma franchise business afloat.

Conclusion:

To run a successful pharma PCD company franchise, it is important that you deal in the best pharma products. By listing the selection tips below, we hope to have made your work much easy. To learn more about the Indian pharma PCD companies, call Pharmafranchiseeindia at +91-9888885364.