PCD stands for Propaganda-less Distribution means a type of sector in which a pharma company contracts a franchise agreement with a person or group of people. The PCD franchise business deals with marketing and distribution rights for products by the parent pharma company.
What PCD Pharma Business Plan
In a pharmaceutical business, you need a link between the pharma marketing company and the end-user, i.e., doctors, pharmacists, or others who can prescribe the medicine. If yes, then there are some tips in this blog. These tips can help in making the right plan that will not only work but take the business to new heights.
The demand for medicine and pharmaceutical drugs is increasing every day, not just in India but worldwide. This is the reason why so many businesses and start-ups are setting up their PCD pharma companies. Here are some of the benefits of investing in PCD Pharma companies. Documents play an important role to join PCD Franchise – To join a PCD Pharma Franchise you must have The Drug License Number and GST Number.
Benefits of PCD Pharma Companies
- There is a low-risk factor in the PCD pharma franchise business.
- You can get huge profits within less time.
- Low investment capital.
- Low administrative expenditures.
- Monopoly rights.
With the assistance of platforms like AstraEureka Pharmaceuticals, small businesses will gain more exposure on a national and global level.
How to Find the Best PCD Pharma Company?
The best situation is when you get an ISO or GMP or WHO-certified pharma company. Try to get a monopoly franchise. Try to get a quotation for the smallest batch size. Choose a franchise that services with good-quality products and excellent support. Thus, you can expect success in the business. AstraEureka Pharmaceuticals is ISO GMP certified PCD Pharma Company based in Gujarat having more than 200+ Products.
Most important Tips for selecting the Best PCD Pharma Company
Company Name:
The name of the company should be catchy. Try to select a company with a unique and professional name. Easily pronounceable and remindable. The company name is an important aspect you should consider while selecting a franchise company. The company name will be your recognition.
Product Range:
The Pharma Product Range is as important as the company name. Choose the product range according to your needs.
Brand Names:
Brand Names of the products should be easily pronounceable and remind-able as like company names. Doctors shouldn’t face any difficulty while reminding or prescribing your product. Short and technical names build a strong impression.
Packing:
When selecting a PCD Franchise company, you should care about the packing of products. Product packing gives a psychological impact on the mind of Patients, Doctors, and Chemists. Packing makes the first impression in front of people.
Availability Of stock:
Before starting with any company, be clear about your stock availability terms. This is the major problem that is faced by most companies. Above things can be neglected but you can’t compromise with stock unavailability. Once a doctor has started to prescribe your brand, he can’t wait for you if you can’t supply the product on time. You can lose your business. Clarify all things about stock availability to the company and take proper assurance about regular supply.
Promotional Inputs:
Promotional inputs are the main part of your working in the doctor’s chamber. Choose a company that can provide you with a timely and regular supply of promotional inputs. Visual Aids, detailing bags, Catch covers, reminder cards, diaries, pens, and key chains are a few inputs that are provided by companies.
Monopoly Rights and Marketing Agreements:
Monopoly rights are the bone of the pharma franchise business. Take marketing and monopoly rights agreement on stamp paper indicating you are the sole distributor and marketing person at monopoly rights for a particular area. You may think this is not necessary but in the future, you can face major problems like infiltration of products from other areas or change of distribution to other people by the company itself. Be straight in this matter.