The pharmaceutical industry of India is a widely growing sector that is characterized by some of the best franchise medicine companies in India. The presence of pharma franchise suppliers is felt in every city and state of India and is much needed due to a growing demand for medicines throughout the world.

Although there are plenty of pharma franchise suppliers in India with claims to great products, selecting one that is suitable for your pharma franchise business is not impossible but confusing. Therefore, we have come up with some tips on how to go about choosing the best pharma drug supplier in India.

pharma franchise suppliers

Tips for Selecting Monopoly Pharma Franchise Suppliers in India

Monopoly Pharma companies in India or the pharma franchise suppliers get products manufactured by third party pharma manufacturers and then pass those products on to the pharma franchise distributors for sale and distribution in the market. Therefore, in order to gain more clients and achieve a broader growth scope, manufacturers must employ only the best franchise medicine company in India.

Must Read: Why should everyone look for the top PCD Pharma companies in India?

  1. Learn about your Franchise Medicine Company

The biggest advantage of the digital era is that every piece of information that is publicly available is only a few clicks away. Use the effective medium of the Internet to get information on the franchise medicine company in India. A thorough background check will allow you insights into the financial aspects of the company, its clients, brand image, audit, and company policies.

  1. Know the Products

Would it be fair if your pharma franchise supplier promised you products that were not on his product list? No, right? So, make sure that the franchise medicine company in India that you wish to do business with hands you a genuine product list that has all the quality pharma products you wish to sell. Also, not to be overlooked is the fact that the franchise medicine company is equipped to restock your inventory quickly to avoid the shortage.

  1. Monopoly Rights for Franchise

The monopoly pharma companies in India give out monopoly rights to pharma franchise owners in their area of interest to minimize competition and regulate pricing. Monopoly helps with better relationships with local doctors and a loyal customer base.

  1. Check the Net Rates

Read Also: Factors behind the success of top PCD Pharma companies in India

The pharma franchise industry has become competitive to the extent that a misstep such as unfair pricing could lead to the business downfall. The only way to determine if your pharma franchise supplier has priced its products fairly or charging you reasonable rates is by comparing the price lists of various pharma franchise suppliers.

For more information on monopoly pharma companies in India, call +919888885364.

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.

Pharma Franchise in India

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.

For any more queries, call +91 98888853644.