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How to Start a PCD Pharma Franchise Business in India?
India is known for one of the main and fastest growing pharmaceutical businesses in the world. The demand for refutable and good medicines is growing at an even faster rate because population is growing quickly in rural areas and urban areas are demanding better health care hospitals. Entering this space can be done comparatively easily by starting a PCD pharma franchise Business in India. It is one of the easiest methods to enter this industry.
India is known for one of the main and fastest growing pharmaceutical businesses in the world. The demand for refutable and good medicines is growing at an even faster rate because population is growing quickly in rural areas and urban areas are demanding better health care hospitals. Entering this space can be done comparatively easily by starting a PCD pharma franchise Business in India. It is one of the easiest methods to enter this industry.
What is PCD Pharma Franchise?
PCD stands for Propaganda Cum Distribution. In the pharmaceutical sector, it is a business model where a pharmaceutical company provides a supplier, small business, or individual the authority to market and sell its products in a particular area.
Simply place, you can launch your own pharmaceutical company without producing medications by purchasing a PCD Pharma franchise. The company provides you with medications, marketing support, and the brand name.
How to start PCD Pharma Franchise in India?
1. Obtain Required License and Registration
For starting a PCD Pharma Franchise Business in India, required documents are:
- Medication License Number: Gives you the license to sell and distribute medication.
- GST registration Number: required for all types of business, and for tax.
Without these two, you will not be able to sell medications legally in India.
2. Decide Their Area of Distribution
When you have entered a contract to start a franchise with a Primary Company, you will need to decide exactly which area they will work in. You can select possible areas based on a district, a location, or even a state. Confirm that the area is not already in use by another Company franchisee. Seriously consider the area you want to work in; you can target your right customers to help quickly grow your business.
3. Find a Good Pharma Company
You need to find a good, certified company for PCD franchise, and check ISO, GMP, WHO certifications, Quality of the medicines and packaging. Confirm that company provides exclusive rights and Promotional Support such as product sample and visiting cards. Joining with a good company will make selling easier and creates trust from your customers.
4. Select the Product Range
Choose the type of medicines you will be selling:
General Range such as tablets, syrups, capsules. Specialized Range such as pediatric, cardiac, diabetic etc. When you select a product range that is in demand in your area, you are increasing your chances of success.
5. Express Terms and Conditions
After you contact the company and before you do business, come to an agreement regarding: Minimum order amount Prices and your profit margin and payment methods. Always request the written agreement to avoid any differences in the future.
Benefits of PCD Pharma Franchise:
- Work Independently: There is no pressure for work. You can work independently.
- Low Investment : You can start the business by investing small amount.
- Support Provided: The company provides marketing materials, product samples, and support.
- Monopoly Rights: You have area based exclusive rights to the company’s products
Conclusion
Starting a PCD Pharma Franchise Business in India can be made easy and profitable, if done in right way. Having proper documents, the good company, and good products can help you to work in your own successful pharma business.
If you’re ready to begin your business, Granmed Pharma is a trusted name, high quality medicines, and total support, and is prepared to give you area-wise monopoly rights so you can grow with confidence in the Indian pharmaceutical sector.