Pharma Franchise in India: There is no dearth of Pharma companies in India thanks to a continuously progressing Indian Pharmaceutical industry. The growth spurt has created plenty of job opportunities for professionals such as a marketing executive or a Medical Representative (MR) job for pharma companies in India.
However, if you are an individual with a business mindset, then becoming a Pharma Franchise for the best Pharma Franchise Company is better than an MR job.
Which is Better – A Pharma Franchise for the Best Pharma Franchise Company or an MR job?
Let us weigh both options based on certain criteria to determine the winner between a Pharma franchise owner and a Marketing Representative.
- Criteria 1: Earnings
Pharma Franchise: While working as a pharma franchise for the top medicine company in India, the revenue and profits made during the sales remain with you. That means, as the profit or revenue increases so does your income.
Marketing Representative: An MR is only entitled to a steady income in form of a fixed monthly salary. The salary remains the same irrespective of the sales targets meaning the extra efforts made by an MR are confounded by a stagnant income.
Verdict: Working as a Pharma Franchise for the top medicine company in India is better than an MR job in terms of profits and income.
- Criteria 2: Authority
Pharma Franchise: Owning a pharma franchise gives one the liberty to work with any of the pharma franchise companies. You are at the helm of the business and can independently make decisions with regards to the kind of pharma products to sell.
Marketing Representative: An MR works under a pharma company and is bound by an employment contract.
Verdict: Pharma Franchise is the winner as far as the Position is concerned.
- Criteria 3: Sales Targets
Pharma Franchise: A Pharma Franchise job comes without sales targets and hence is a stress-free job with fewer headaches.
Marketing Representative: A Medical Representative job is characterized by monthly and quarterly sales targets. This gives rise to the fear of competition and the marketing executives come under immense pressure to perform well. The pressure is even more if you represent the best pharma franchise company in India as the expectation levels are even higher at the top pharma companies in India.
Verdict: Pharma Franchise again emerges the winner in terms of sales targets.
- Criteria 4: Work Flexibility
Pharma Franchise: A Pharma Franchise owner is at complete liberty to decide his/her work schedule. You as a pharma franchise owner fix your own timings and hours to work in a day.
Marketing Representative: An MR is required to work fixed hours that are decided by the pharma company employing the Marketing representative
Verdict: With the freedom to follow own pace, pharma franchise in India is better than a time and contract-bound MR job.
Want to start a pharma franchise in India for the best pharma franchise company or would you like to become an MR for the top medicine company in India, the choice is yours. But weigh the pros and cons of each before you reach a conclusion.
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