PCD Pharma Franchise Companies In India
What is PCD Pharma Franchise Companies In India? What is the procedure to get franchise of pharmaceutical products ? How does Pharma PCD Franchise works ?
These are few terms which comes into the mind of every individuals, who wants to start a business in the pharmaceutical industry.
Lets understand everything one by one to launch your legacy in the field of pharmaceutical field and start your own PCD Pharma Franchise company In India.
Meaning of a pharma franchise to everyone
Franchise mean authorization granted by a government or company or organization to an individuals or group of peoples authorizing them to carry out specific business activities, such as acting as an agent or marketing executive or sales executive for a company's products. Franchise is comes from Anglo - French dictionary means "Liberty". For example liberty of working together, time spent and wealth etc.
As we know that it is an authorization granted by a pharmaceutical firm to an individual or group of peoples or Pharma distributor. Basically that allows them to use Pharma Company’s proprietary knowledge, items, trademarks, product brand names and other commercial activities at monopoly right or other beneficial agreed term & condition for particular area. For example marketing, sales of products, distribution, medical practitioner’s promotion and appointment of distributors etc. for a company products or services, comes under PCD business. It also known as propaganda cum distribution marketing, same as we know, PCD means propaganda cum distributors. Pharma Franchise or we can say PCD is authorization of marketing and distribution rights at monopoly basis given by pharmaceutical company to pharma wholesaler or distributor or group of pharmacist or pharma distributors to use company brand name, company name and other business activity on behalf of company
Starting of a PCD Pharma Franchise company In India of any company is like launching new business in that particular area where people are already working. Moreover It is like you are the very first medical representative and you have to sell the products of the company to the market where nobody knows your name. It is same kind of problems you will face as you have already faced during your first job. You have to make new brand. You have to work to win fresh trust. You have to build fresh faith in market.
How much any one can earn by owning a Pharma franchise/pcd marketing company?
PCD Pharma franchise of Aster Pharma is like you have your own business. It’s depends totally upon you that how much you expand it. It’s your efficiency to sell products in the markets. Again as much you can increase your sales of products; your income will increase with every selling of products. As you can consider it, roughly it is approximately equal to 20% of MRP of product. Also it can vary product to product or vary according to the size of the market and vary according to your point of view of working with customer. With two lakh of primary sale you can earn approximately 30000 to 60000/- per month.
What are the Promotional inputs and Marketing material you received from Pharma Franchise Company?
Following are the list of promotional material which is generally provided by pharma franchise companies to their franchisee or stockiest for marketing and promotion. Companies can also provide the marketing options other than below:
• Small Gift Items
• Visiting Cards for medical representatives.
• Visual Aid of the products
• Working Bag for peoples
• Product Cards/ Brochures
• Reminder Cards for doctors
• Catch Covers of the sample
• Writing Pads for medical representatives
• Dairies for individuals
So let’s understand what is the procedure to be a franchise and PCD of Pharmaceutical Company?
Many firms have different policies and term & condition for giving PCD Pharma Franchise, so here it is difficult for making an accurate procedure. Other companies provide state wise franchise and many others give zonal wise however most of good companies appointing district wise franchise.
In general we will suggest that:
- Choose products you want to market as per your requirements.
- Select a company as per your business need that you want to take franchise.
- Send your requirements to that company for franchise through mail or WhatsApp or phone.
- Ask them for each detail like whether they have vacant for your area or not?
- If area is vacant, ask them to send whole product list, select your products on the basis of market demand and then ask for price list.
- Select best possible franchiser company like Aster Pharma for your business need.
- Prepare marketing agreement with same agreed term and conditions.
- You should then start working with your new company.
- Get regular updates on new product introduction.
- Ask them for latest offers and schemes for each products on regular basis.
Now let us understand if it is good option for marketing or sales individuals to take franchise or you can say PCD of Pharma Company?
The people who has good market relationship and greater hold in market and wish to start their own work then Aster Pharma is the best option for starting own business with very minimum investment. One should know the reason why one should start business with franchise/PCD marketing
How much capital is required to purchase products as a franchise/PCD of a pharmaceutical company?
There are very less PCD Pharma Franchise companies have target system and minimum order quantity but more of PCD Pharma franchise companies in India don’t have any target or minimum order requirement. So you can start with Aster Pharma that doesn’t have any minimum order requirement. One can start with less than 10000/- as starting capital or same investment for per month. It’s very less amount to start own work.
What are the document are required to Start PCD Pharma Franchise Company in India?
There are basically 2 documents which you will require mainly. First is wholesale Drug License Number and second is GST or earlier it was TIN registration number. These two documents can be send by own or one can obtain by appointing a distributor/Stockist.
How many molecules I have to purchase to start?
You can start with 4-5 numbers of products or you can start with single product sale. It doesn't matter that how may number of products, how much you can sell that product that matters.
What are the normal problems people are facing during franchise marketing?
You should go with following Pharma Franchise/pcd marketing Agreement:
This is the agreement which is mutually agreed upon all the term and conditions between franchiser and franchisee regarding franchise marketing at monopoly right basis. It is for particular territory, district, state, zone or as agreed area bet ween both the parties. Agreement includes many things like monopoly rights, places covered, other term & conditions including payments, transportation of the products, tax, delivery etc. One should read complete detail about pharma franchise/pcd marketing agreement with any company.
People can download pharma franchise/pcd marketing agreement in editable format from the internet.
How much is the margins of retailer and your stockiest in any case. Normally it is fixed for both. In most cases it is approximately 10% for wholesalers and distributors and approximately 20% for retailers/chemist. Make it according to market and fix it flexible to increase your sale. Find in the internet detail about how to calculate margin, net rates of the products, chemist/stockiest margin? Search how to calculate your margin and how to calculate price to retailer (PTR)/ price to stockist (PTS)?
You should take care while starting of your PCD pharma franchise marketing, you must know how to calculate price to retailer and price to stockist and your margin/tax etc. It is not a difficult calculation and it is easily can be calculated for all things.
Aster Pharma offers PCD Pharma Franchise in Chandigarh, Delhi, Gujarat, Andhra Pradesh, Himachal Pradesh, Haryana, Karnataka, Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Tamil Nadu, Uttara Khand, Uttar Pradesh, West Bengal, Assam, Imphal and North East part of India with monopoly rights.
How does Pharma Franchise/pcd marketing works? How it is different from third party manufacturing in India ?
Many things in Pharma franchise in India and marketing are not so complex. It is just like that you had appointed a distributor for your company that is also doing marketing for you along with taking care of distribution and supply network.
In direct/ethical/Individual marketing by the people, company bears all the expenses in any case, whether it’s promotion, distribution, transportation, employee benefits or other normal expenses. So, franchisees add these expenses in their cost of products and manufacturer print the MRP including their margin in the profit and all other cost in general.
This is a business relationship/agreement or we can say partnership between two parties. Both are business partners and both are dependent on each other’s. In case of selling products with brand names, companies have to depend at their business associates where as other party have to depend upon companies for continuous and routinely supply of their products.
If you are searching to start franchise of Aster Pharma or any Pharma Company or even going to start PCD Pharma Franchise Company for your regular income, you can mail us at contact page or e-mail us at firstname.lastname@example.org
Following is the list of questions which are coming in the lots of people’s mind. You may also consider before associating with any PCD pharma company or you may choose Aster Pharma.
Which Pharma Franchise Company (PFC) or PCD Pharma Franchise Company will be best for your pharma business?
How to tackle the problems like Medical Representative’s salary, Their profit margin, Market Survey etc. in PCD Pharma Franchise marketing?
What is PCD Pharma Franchise Distribution network and Marketing proposals?
How to handle Maximum Retail Price, price to each retailer and price to stockist or super distributors with any MRP?
What are the points of discussion or precautions any franchisee need to take during selection of pharma Franchise Company?
How to develop supply chain network for your pharma franchise business?
10 important suggestions for selecting pharmaceutical franchise company!
Things that should be considered before starting pharma franchise business
Hope we have answered your entire query very well. Good Luck.