PCD Pharma Franchise Business FAQs

The Business of Pharma Franchise has become highly popular over the years. This is because of the profitable nature of this business and also because of the wide scope in the Pharmaceutical Sector. There are several PCD Pharma Franchise companies out there that operate on large scales and have made proper distribution channels. Thus, they are doing very well in the market. There are however some doubts amongst the populous about how exactly this business works and how one can pursue a pharma franchise. Therefore, we are here to answer all your frequently asked questions with this article.

What does PCD Pharma Franchise mean?

Propaganda cum distribution is a term used by small scale Pharma Companies who are concentrating and focussing their resources on marketing and networking of their products and brand name association. Pharma PCD Companies are those which provide things like their products, monopoly and distribution rights and promotional inputs to their pharma franchise associates.

How is PCD Pharma different from Pharma Franchise?

The term PCD was coined later than ‘Pharma Franchise’ and the two have the same meaning. The only difference between the two is that while PCD is a term used by small scale Pharma Companies, Pharma Franchise was a term used by the large-scale ones. However, the difference between these terms has faded over the years.  Now even Pharmaceutical Companies cannot find the difference between the two. These terms are both used for the same function regardless of the extent of the business.

What are the Eligibility Criteria to take up a Pharma Franchise?

There are fixed criteria with which you can enter the Pharma Franchise Business. You should enter this business with the following information:

1.     You must have completed your studies till 12^th standard. Although a graduate degree will give you extra points.

2.     Must have spent 3-4 years in the Pharmaceutical Industry in the capacity of distributor or any other.

3.     A drug license is absolutely necessary for this business.

4.     A TIN number.

5.     A GST number.

6.     An area of about 20 square feet to conduct your business.

How to Pick the Right PCD Pharma Franchise Company for Business?

It is definitely crucial to find the right Pharmaceutical Company to do business with. Some factors play a major role in the number of sales in the Pharma PCD Business. Hence, these are some pointers that can help you find the right company to do business with.

·       The name of the company should be something memorable, something inviting and friendly.

·       The market value of a Pharma Company also is something you should be aware of when you want to make a sound decision.

·       Preferably you would want to do business with a reputed company that has a large customer record.

·       You should do business with the company having a broad range of products.

·       The products and medicines range should have a huge variety.

·       Conduct a survey to know which company has been offering the maximum revenue returns.

The Traits of the Top PCD Pharma Franchise Company

The Best PCD Company will be one that caters to all the requirements of its patients. The Pharma Franchise system is a means to provide people the medicines they need quickly and efficiently. Thus, here are some qualities of a leading Pharma Franchise Company:

1.     The Company will have a sterile work environment.

2.     Staff of scientists and doctors working there should have years of experience.

3.     The front runner should know about the quality standards and how to attain them.

4.     Warehouses for storage would be spacious and temperature regulated.

5.     The medicines should be of impeccable quality.

Is the Pharma PCD Franchise Business Profitable?

The Pharma Franchise business has proven to be highly profitable for people all over the world. This business has a lot of benefits and a lot of perks. Some of the reasons that state how profitable and rewarding this line of business are:

·       The investment cost is low.

·       Revenue returns are very high.

·       The staff that will work for you can be kept on your own terms.

·       In involves a very low percentage of risks.

So start looking for a suitable Pharma Franchise Company that will fulfill your needs of being the top medicines provider in your community.