WHAT IS A PCD PHARMA FRANCHISE?
PCD pharma is a business model which involves therapeutics distribution on the basis of a franchise agreement between the parent company and the distributor. It stands for propaganda cum distribution which refers to the distribution without the involvement of field team of the parent company. This business model is totally different from the ethical and generic chain of pharmaceutics. In ethical model promotions of the drugs is carried out by the parent company’s field team known as medical representatives, and generic medicines do not have any brand name linked to it so they don’t require promotions.
HOW PCD PHARMA FUNCTIONS?
It is basically a monopoly based authorization of therapeutics between the seller and buyer. Particular area is allotted to the buyer or distributor where the promotions and distribution of the drugs will be carried out. Distributors cannot infringe areas that are not mentioned in their monopoly agreement, and doing so may even cancel their franchise by the parent company. Distributors will have to promote the products to that area’s doctors and retail counters. Once the product is on doctor’s prescription pads it will ensure a long term profit from that product. This work structure makes PCD a very safe and high revenue generating business filed.
WHAT WILL YOU NEED TO START A PCD FRANCHSIE?
PCD pharma franchise set up involves proper documentation. Issued drug license from the authorities is needed. Form no 20b 21b is regarded as the essential document to be able to sell and exhibit drugs. Therapeutics is a very sensitive sector as it affects health of public so proper licensing and regulations is very important. GST certificate is another document that is required for PCD business, which will ensure proper taxpaying as per government protocols.Fibovil pharmaceuticals ensure that all the documentation is proper and then only monopoly should be offered.
MINIMUM INVESTMNET IN A PCD FRANCHSIE
PCD pharma captivates a lot of people who want to work in pharmaceutical field. Due to its low risk nature and high profits it has become the most prevailing business sector. Pharmaceutical industry has various PCD companies that are offering their franchise. Each company has their own set protocols for taking their franchise. On an average you would require 30000 as an initial investment amount which may vary company to company. There are companies too that offer franchise at very low investment, at the same time, we advise you to perform proper due diligence while selecting the company to make sure the company is reputed and selling quality products before getting into the trap.
HOW TO CHOOSE THE RIGHT PCD COMPANY?
Pharmaceutical sector has plethora of options for PCD companies offering their franchise, you should be completely aware of all the details regarding the PCD business so that you can choose the right company according to your requirements. Fibovil pharmaceuticals Pvt ltd has listed the major points to be considered before investing in a PCD company.
- Look for company’s product range, because it’s an effective filter to catch companies that have wide range of products and effective market penetration. Companies should have minimum of 1500+ product range to be considered as a good option for a PCD franchise. This will ensure that you can have wide range of products in your basket.
- Product quality is regarded as the most import pillar for any product related business because repeat and retain will ensure your overall revenue from the business. Make sure the company you choose have WHO/GMP/GLP/ISO/DCGI approved products.
- What is seen is sold. Focus on companies that offer attractive and different packaging to stand out in the market. Packaging also influences doctors to pick that product.
- Go for PCD companies that offer latest molecules and combinations so that you have the updated range as per market demands.
- Services offered by the company will decide how smooth your experience is. Look for companies that have various departments to offer you the best services.
FIBOVIL PHARMACEUTICALS PVT LTD THE LEADING LIGHT
Fibovil pharmaceutical is a well reputed company. They have established themselves in the pharmaceuticals long time ago. With refined business models and distributor friendly vision has enabled them to hold the top position in PCD Pharma franchises. They introduced themselves in the market with a giant product range with extraordinary packaging which was their unique selling point. Wide product range with unique molecules is available at best prices. Unbeatable product quality as their range is WHO/GMP/GLP/ISO certified and trademark registered. Various divisions are available which covers all product categories like general, gynecology, rheumatology, dermatology, critical care, cardiac diabetic, neurology, ophthalmic range, urology, sexology, pulmonology, nutraceuticals and much more. They provide all promotional input and informative catalogues of the products. Their segregated work structure involves highly experienced research team, efficient marketing and sales team, graphic designers, accounts, purchase department which enables them to provide extraordinary services thus, making them the best PCD pharma franchise.