The franchise is an institution authorised by the government which actually provides the permission to run your own business. Pharma Franchise works on the same concept, when you are looking to set up your own pharma business they will help you in providing the permission. PCD pharma franchise is little different from other pharma and let us understand what it means.
PCD Pharma Franchise Business Opportunity in India
PCD is an acronym for Propaganda Cum Distribution. The main feature of PCD pharma franchise is that in it, there is a profit for both parties.
Basically, a PCD pharma franchise works on such a concept that it provides the details regarding the products delivered by the company. Just like the other PCD has two parties; supplier and seller who have their own roles to play. The supplier has got all the promotional responsibilities to grow brand in which he has to make proper investments and then do the right advertisement so that brand could see the growth whereas a seller, on the other hand, has to bear the market’s expenditure and doctor’s expense.
Both the seller and supplier have to show the coordination so that the profit is for both the parties. There are few more factors on which the traditional pharma franchise and the PCD pharma franchise differs; PCD works on a smaller area whereas the traditional pharma has a wide coverage. You can say that PCD pharma franchise is a subset of pharma franchise as it is a much smaller concept. PCD requires lesser investment as it is not a big industry as traditional pharma franchise.
The traditional pharma franchise has larger customer network in compared to PCD pharma franchise. PCD pharma franchise doesn’t target specific customers whereas the traditional pharma franchise has targeted customers. In simple words, if we say both the pharma franchise differs on the terms of the level of operation and basic setup. PCD pharma franchise doesn’t operate on a big level as the traditional pharma franchise does. PCD has a smaller set up in compared to traditional pharma franchise.
How to choose best Pharma PCD Company for Pharma Franchise?
Since you have decided to setup a pharmaceutical business the next big thing to be done is to select the right Pharma PCD Company. There are many factors that you need to take into consideration while selecting the Pharma franchise company for your business.
You should have a clear understanding about PCD pharma franchise and the traditional pharma franchise before going for them. Just analyse all the pros and cons of both as they have many.
There are many PCD pharma franchise companies operating in the country so you have got to figure out the best one for you. Select a franchise which will provide you with the variety when it comes to products as when you are setting up a pharma business you require almost all kind of drugs in your store. Select a franchise which will provide you with the best value for money.