How to Choose the Best PCD Pharma Franchise in India

Are you ready to try your hand at a more challenging yet fulfilling career? A PCD pharma franchise in India could be the next best step for you. The pharmaceutical sector is one of the fastest-growing industries in the country, worth over $19.3 billion thanks to the exports alone. Plus, India is home to over 3000 pharma companies — ranking the industry 3rd in the entire world.

It's a substantial investment. You get to participate in a large, ever-growing industry with a big chance to make good profits. Franchise pharma products are highly in demand, and it's time you invested in the business, too. 

But before all that, how do you know which PCD pharma franchise companies to select?? Here are a few factors to look out for:

1. Franchise pharma products

A pharma business cannot run without the right products. The necessary drugs, medicine, and other equipment are required before you can start serving customers. Luckily, some reliable distributors offer a wide selection of franchise pharma products for almost every therapeutic segment.

Make sure that you stock up on the necessities—tablets, capsules, syrups, paediatric medicines—and other products such as gels, tubes, and lotions. Pharmacies can also offer soap, eye drops, and even protein powders for a broader customer base.

2. Experience

How can you ensure that your franchise pharma products are reliable? Choose a company with experience. You can find PCD pharma distributors with almost 40 years in the industry, thanks to India's booming pharmaceutical sector.

Don't forget about the manufacturer's credibility as well. Ensure that their products are produced according to the World Health Organization's (WHO) Good Manufacturing Practices (GMP). A WHO-GMP certification assures that the product quality is consistent and controlled according to high standards.

3. Quality of service

The franchisor and franchisee must work together to succeed, which is why finding the right company is of utmost importance. Choose a PCD pharma franchise distributor that values honesty and integrity, supporting its customers right from the start.  

7 Tips to Starting a PCD Pharma Business in India

Starting a PCD pharma business could be one of the most fulfilling decisions you’ll ever make in your life. Not only you get to become your own boss but, you’ll also have full control over the entire operation. 

However, as with any business, you need to plan an effective strategy to succeed in the industry. Here are seven quick tips for starting a PCD pharma business in India:

1. Understand the business.

Every business differs in terms of product quality, customer service, and even financial expectations. Before you start your own pharma business, take the time to do your research and understand what it takes to run such a lucrative company. 

2. Calculate your expenses.

Never forget to consider the costs and profits of your business. PCD pharmacies require a sizeable investment, from its opening costs to the ongoing expenses. You’ll also need to think about employee salaries, store maintenance fees, and marketing costs.

3. Discover your target market.

The next step is to understand your potential market. Are you looking for the casual customer coming in for a few over-the-counter drugs, or are you aiming for loyal patrons who are willing to choose your business for every prescription they receive?

Consider your locality’s demographics, from gender, age, medical requirements, and financial capabilities.

4. Choose the right products.

Once you’ve determined the type of customers you want to serve, it’s time to choose the pharmaceutical products suitable for them. To be safe, stock up on the most in-demand products, such as vitamins, cough and cold medicines, and topical ointments.

5. Look for a reliable distributor.

Your products must be sourced from a credible distributor—one with products certified by the WHO-GMP, ensuring that each drug or medicine meets quality assurance standards. Leading pharma distributors offer almost everything from tablets and capsules to injectables and syrups, all from a reliable manufacturer.

6. Establish your brand.

You can’t run a successful business without the right promotion. Make sure you prepare high-quality and unique marketing materials, like prescription pads, pens, posters, and even keychains!

7. Go for a franchise,

Do all of these steps sound too complicated for you? Don’t worry; there’s an alternative — a PCD pharma franchise. With an established franchise, you get all the benefits of running a business without having to worry about additional costs, unreliable products, and rigorous marketing.

Important Points to Know About PCD Pharma Franchise Distributors

 If you are looking to start a business or expand your business offerings to provide reasonably priced and high-quality pharmaceutical products to your local area, you may want to consider getting a PCD pharma franchise. PCD stands for ‘propaganda cum distribution’, a type of franchise that refers to the authorization of the marketing and distribution rights based on monopoly. This way, the pharmaceutical firm gives the PCD pharma franchise distributors the right to use their brand name or company name on their behalf.

 

Are you thinking of becoming a distributor through a pharma franchise? Here are more important points you should know:

 

• The reputation – Prefer to work only with PCD pharma companies with a proven good reputation in the industry. They must be a trustworthy business that can help you succeed in the long run. Find out how long they have been in business and the kinds of customers they work with.
  
  
• How the goods are transported – PCD pharma franchise distributors can get their goods on time through different modes of transportation, such as land, water, and air. It is up to the customer to decide which mode of transport is ideal for them.
  
  
• Cash discounts – In a PCD pharma franchise, the cash discount is much better for customers compared to Scheme.
  
  
• GR, LR, and Bilti – GR means Goods Receipt and LR is Lorry Receipt. They are Bilti synonyms. It is the receipt from the transporter when the material is already loaded on a vehicle for delivery.
  
  
• Drug license – In every pharmaceutical business, the drug license is essential and mandatory, even for PCD pharma franchise distributors. Otherwise, they cannot sell drugs on a wholesale level. In some Indian states, a retail drug license is provided only to individuals who have a diploma or a degree in Pharma from a recognized university.

 You can learn more about distributors by getting in touch with the PCD franchisor itself. If you are interested to become a franchisee, consider getting a quote and learn about the products that you can carry.

7 Tips to Choose the Right Ayurvedic Pharma Franchise

Are you thinking of getting an Ayurvedic pharma franchise? The increasing demand for Ayurvedic medicines makes it a good idea. After all, many people are looking into alternative and natural remedies for their conditions and ailments over synthetically manufactured products. Moreover, a franchise can get you started immediately with a smaller investment compared to starting your own business from scratch. You just need to make sure that you are choosing the right company with a reputable franchise program. Here are tips to help you pick the right franchise:

 

1.    Get to know the company – Make sure it is a respectable and reputable company that is recognized by the pharmaceutical and Ayurvedic communities in India. Likewise, explore the brand, as you will be representing it for quite some time and ensure that it is well-known and respected.

2.    Identify their certifications – Verify that they are certified by WHO-GMP and ISO. You should also know if they are a legal business.

3.    Know their background – Look into any recognitions and awards the Ayurvedic pharma franchise may have, as well as their history or any contributions they might have in research and development in the industry.

4.    Explore the product range – Get to know the products from the Ayurvedic pharma franchise. Make sure they produce their own high-quality goods. You should identify the cost of their goods and the minimum and maximum order quantities required. Check the packaging, too, as you want to make sure that the product will be enticing to your target customers, such as patients, doctors, and chemists.

5. Ensure stock availability – You need to make sure that the company can provide a regular supply of the products you wish to carry so you can easily meet customer demand without any delays.
   
   
6. Find out the extent of their support – Choose an Ayurvedic pharma franchise that can provide high-quality promotional materials to help you save time, money, and effort. Some companies also provide monopoly rights, so competitors will be the least of your worries.
   
   
7. Know the payment terms – Determine how you will be paying for the franchise. Some companies will accept partial payments so you can start immediately, then pay the rest in instalments down the line. Make sure they can provide written terms and conditions.