MARKET RESERCH:
Studying the pharmaceutical market before hand is beneficial as it will pop up all the pros and cons of the business. It will clear up what choices you should make for selection of the product range, company, area, business model etc. Market studies will allow you to have wider scope of the possible available options for different product ranges. Also keep a track of the number of doctors, retailers per category to understand better which range will be beneficial to choose as per area.
PRODUCT RESERCH:
Along with market studies, focusing on what product categories are available in the market. Study the types of categories like generics, gynecology, critical care, cardiac diabetic, neurology, orthopedics, ophthalmic etc. having category knowledge will allow you to have better idea what range will better suit your skills and will bring the most productivity out. You should go for the products in which you have hands on experience.
COMPNIES OFFERING THE PRODUCTS:
According to your market research shortlist the companies that are offering that product range at best prices. Look for companies that have more than 1500+ product ranges to have maximum products in your basket. Study the company growth as per time and wisely choose the brand names to be worked with as this directly affects the market penetration of the products which will eventually affect your overall revenue from the product range.
PLAN YOUR BUDGET:
How much to invest in a business is the most popping question in our mind. To clear it up a little, make a note of the risks associated with your business and then decide for a safe amount of money that can be used to invest in the business. Try to look for companies that provide sample kits if you are unsure about the product. Go for product range that can include maximum range as per budget to have variety in your basket.
MARKET FEEDBACK:
Before selecting your product range you should be completely aware of the market response on that range. Products that are easily accepted by the market and have good demand will be helpful to generate good revenue. Study about the product range growth graphs to better understand which product range has maximum potential as per your location as every area has different market scenarios.
QUALITY AND PACKING OF PRODUCTS:
Product quality and packing are the most important pillars of a PCD franchise. Choose companies that offer high quality products and tested molecules. Look for PCD companies offering trademark registered and WHO/GMP approved products. This will enable you to have a strong upper hand in the market as this will filter out your competitors with low quality products. Good quality and packing of your selected products will create a strong and repetitive network owing to excellent sales in minimum time.
LATEST TRENDS IN PHARMA:
Decide your products as per latest pharma molecules being offered. Unique product range can increases the chances of growth. Read about which molecules are catching doctor’s eyes and have excellent response. Try to include those kinds of molecules as well to create a kitty that interests the doctors and retailers. Try new molecules according to your planned budget and take moderate market risks as this can increase your growth.
PRICING OF THE PRODUCTS:
Select companies that focus on their product quality while taking care of the product pricing because a good quality product and perfect price is an excellent combination for a successful PCD franchise business. Prices of your products will decide your market penetration and targeted customers. The better the price point maximum is the network.
FIBOVIL SAYS, YOU ARE ALL SET TO WORK NOW!
Fibovil pharmaceuticals Pvt ltd is a well reputed PCD Pharma Company. They have their corporate office in Panchkula Haryana. With years of hard work and exceptional services, Fibovil pharmaceuticals have created a renowned name in the pharmaceutical industry. Upcoming PCD companies look up to the work structure followed by Fibovil pharmaceuticals. Fibovil pharmaceuticals have 2700+ product range. They include all the possible categories such as: -
- Allergy and immunology
- Anesthesiology
- Dermatology
- Diagnostic radiology
- Emergency medicine
- Family medicine
- Internal medicine
- Medical genetics
- Neurology
- Nuclear medicine
- Obstetrics and gynecology
- Ophthalmology
- Pathology
- Pediatrics
- Physical medicine and rehabilitation
- Preventive medicine
- Psychiatry
- Radiation oncology
- Surgery
- Urology
Along with different categories they also include unique product range such as:-
- Dydrogesterone 10mg Tab
- Dapagliflozin 5/10 & with Metformin 500/1000
- Sitagliptin Tab All Range and Combinations
- Bliastine 20mg & with Montelukast
- Bacillus Claussi Spores
- Hydroxyprogesterone Caproat I.P. 500mg Injection
- Duloxetine 20mg + Methylcobalamin 750mcg
- Rabeprazole Sodium (E.C.) I.P. 20mg + Itopride HCL (S.R.) 150mg
- Sulfasalazine I.P. 1000mg
- Dobutamine hydrochloride 50 mg injection, and much more
Fibovil pharmaceuticals offer WHO/GMP approved products. Their product range is tested and trademark registered. Excellent quality and designed packaging makes them the leaders in the pharmaceutical industry. Highly qualified team and refined business model makes Fibovil pharmaceutical Pvt ltd the perfect choice for your new PCD franchise.