Know How PCD Pharma Franchise Business Work

 

How PCD Pharma Franchise Business Works

Here we will tell you about how the PCD Pharma Franchise business work. Step by step in detail.

What is the Pharma Franchise?

In order to understand the term ‘pharma franchise’ let’s first understand what franchise business means. A franchise business allows a person or other company to sell its products by its name. It is a signed agreement between the franchisee and the franchisor. The franchiser is the larger company from which the franchisee buys the franchisee who is an entrepreneur.

What is PCD Pharma Franchise?

PCD franchise is similar to the pharma franchise. The complete form of PCD is Propaganda Cum Distributorship. It refers to the authorization of distribution and marketing rights on a monopoly basis provided by a pharma company to a pharma distributor to use their brand name on the company's behalf. PCD pharma franchise is a business on a small scale whereas the pharma franchise is on a large scale.

What is the Procedure to own the Pharma Franchise of a Pharmaceutical Company?

Procedure to own the Pharma Franchise of Pharmaceutical Company
Procedure to own the Pharma Franchise of a Pharmaceutical Company

Different companies have different terms and conditions for providing franchise services. So we are providing you the overall and general procedure of owning a franchise:

  • Choose the pharma product segment in which you want to deal.
  • Select the reputed and leading pharmaceutical company to own a franchise.
  • Send a query to the particular company through mail or SMS. Ask them about their vacancies.
  • If vacant then ask them to send their product and price list.
  • Now finalize the best and most genuine franchiser for your business.
  • Sign the marketing agreement after reading the complete terms and conditions.

Divisions for PCD Pharma Franchise:

MARKETING DIVISIONS

  1. ADPL
  2. AXYZEN LIFESCIENCES
  3. BIONEXT PHARMA
  4. DE’VENTURE
  5. GRENTEK HEALTHCARE
  6. KLOKTER LIFESCIENCES
  7. LANARK LABORATORIES PVT. LTD.
  8. MEDIBRUK
  9. WEL’N’DRUG
  10. CECEL
  11. ZEE LABORATORIES LTD.

SPECIALITY DIVISIONS

  1. ALTERX
  2. BIO-BEAUTY LONDON
  3. BIOROME DERMACARE
  4. CONCORD
  5. CARDIWAYS LIFECARE
  6. DERMAZEST
  7. OREVA DERMACARE
  8. PETBEST
  9. ZEE HERBAL
  10. VETLIFE

How much Investment is required to commence the Pharma Franchise Venture?

The PCD pharma franchise business doesn’t require a high amount of investment. At the initial stage, your first order must be at least Rs 50,000 after that, you may purchase as per your requirement. We recommend you not start your business with companies with a target system and minimum order requirements. Some companies also offer credit facilities if you are not financially strong.

Documents required to Start PCD Pharma Franchise

Mainly two documents are required for starting the pharma franchise business that is:

  • Wholesale Drug License Number
  • GST Registration Number / PAN Number

Working of Pharma Franchise/PCD Franchise

Working of Pharma Franchise/PCD Franchise
Working of Pharma Franchise/PCD Franchise
  • To start a pharma franchise business you have to appoint a distributor.
  • The distributor will do distribution and supply and as well as marketing.
  • You have to bear the same manufacturing cost whether it is an ethical drug or franchise drug.
  • The pharma companies market their products as per the satisfaction of their franchisee.
  • The pharma companies add their profit of margin at manufacturing cost and sale at that rate to the franchisee.

Conclusion

The pharma franchise business is like a partnership business where two partners are dependent on each other. As such for selling products the companies have to depend upon the franchise holders and for the regular and routine supply of medicines, franchise holders have to depend upon the companies.

For PCD pharma franchise, contact us/ whats-app: 9896162500, 9896114769, 9896100856

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