Getting a PCD Pharma franchise is a rage these days with the booming of several pharmaceutical companies on a global platform. People are making big bucks out of the pharma distribution business owing to the escalating demand for healthcare services. Since the prospect of the pharma distribution business appears rosier, many young and aspiring entrepreneurs are joining the bandwagon to make their presence felt in this ‘humble and noble’ domain. However, it takes multiple efforts to initiate a pharma distribution business venture and get a taste of success, but the very moment it picks up from where it takes off, with full gusto and vigour, nothing can stop it from reaching the height of success.
Obtaining a PCD Pharma franchise entails you to adhere to certain procedures, guidelines and formalities.
However, it should be mentioned in this context that there are some differences between PCD Pharma and Pharmacy franchise:
- The area encompassing PCD pharma is small, the sales target is lower.
- Low starting order.
- The segment comprises Wholesalers, Retailers, Medical Representatives and Distributors.
Whereas in Pharmacy franchise:
- The area is big, with sales targets and minimum starting orders skyrocketing day by day.
- Require a large amount of money for setting up a pharma distribution business.
Here, the proprietor of the business should have experience spanning over 10 years, and be able to invest Rs.5 Lakhs.
Gateway To Pharmacy Franchise:
- In-depth research, analysis and evaluation for making a foray into the pharma distribution business, since the future of the business and its related success are highly dependent on choosing the right companies and the products you are going to deal with.
- Always keep your eyes on the availability of the products coupled with the legitimacy of the pharma companies, rather, the PCD Pharma franchise you’re about to embark on. Also see to it that the products displayed on the menu are genuinely available, otherwise there is a high chance of you being landed up in the sea of counterfeit companies and their fake products.
- Get the credentials of the pharma companies, market share, vision, mission, goals and objectives and above all, their positions and reputations in the arena of the PCD pharma distribution business. All these aspects are subjected to verifications to avert worrisome situations in future.
- Be well aware of the terms and conditions of payment before making inroads into the Pharmacy franchise. Use your knowledge and always have your things like payments sorted out to avoid any sort of confusion and trouble whatsoever in the long run. On some occasions, payment is asked beforehand whereas it is part payment sometimes. Highly advisable to go for unambiguous, documented and crystal-clear terms and conditions any day any time!
- Also, make sure to have the Monopoly Rights Agreement to avoid risks of infiltration and be very transparent and clear about the territory you want to market products of pharmaceutical companies. Do take the path of a written agreement.
- Have a clear discussion about the business targets. It’s necessary to establish a trustworthy relationship with the pharma companies associated with the pharma distribution business so that the assigned targets are realistic to the core, well and good for both parties.
- Sign off the business documents and do away with all the legal formalities and procedures needed to embark on the Pharmacy franchise business. Brace yourself up for a new chapter, a new inning in your life!
Hog The Limelight With These Promotional Tools:
- Visual Aid
- Working bags
- Visiting cards
- Small gift articles
- Writing pads
- Reminder cards
- Brochures & product cards
Reasons Validating The Popularity Of Pharmacy Franchise:
- Low market cost
- Low administrative cost
- Could be the ‘captain of the ship’
- Lucrative providing you good ROI
- Accountability shared by all.
Healthkind Labs is one such testament to the aforementioned ethics and principles it adhered to while foraying into the pharma distribution business. Healthkind Labs is a Chandigarh-based pcd pharma franchise, excelling in dealing and deciphering pharmaceutical products of top-notch quality to countless customers the world over. Founded in 2011, Healthkind Labs Pvt. Ltd. has gained the status of an ISO 9001-2008 certified company, having its expertise in manufacturing, supplying, trading and distributing pharmaceutical products bearing the stamp of ‘reliability’ and ‘assurance’ at cost-effective prices, keeping in mind customers’ interests, needs, and convenience. Healthkind Lab’s vast range of pharma products include tablets, capsules, injections, syrups.
In a nutshell, a complete package to say the least!