Frequently Asked Questions
WHAT IS PCD FRANCHISE?
PCD franchise is just like any other franchises, the only difference is that PCD franchises have the monopoly of sales and distribution over a district or a specific area. PCD Pharma Franchise Company is responsible to provide franchise business and then subsequent support and rights.
HOW PCD FRANCHISE IS DIFFERENT FROM PHARMA FRANCHISE?
Pharma Franchise requires huge investment, and it’s a bigger form of business. While on the other hand, PCD franchises are restricted to a much smaller region and starting it doesn’t require a big investment. Considering the fact that nowadays the PCD Pharma franchise is growing rapidly, and Pharma franchises are getting out of existence, these two terms are often interchangeably used by the layman.
HOW TO START PHARMA PCD PHARMA FRANCHISE BUSINESS?
First a PCD Pharma franchise company. There are certain prerequisite requirements which vary from company to company. You may find out about those on the company’s website. Check whether there is a vacancy or not for franchise partners in the region you seek to start the business. If there is a vacancy, and you fulfil all the eligibility criteria, then you can apply. The company will itself help you setting up PCD franchise.
WHAT ARE THE REQUIREMENTS FOR A PCD PHARMA FRANCHISE COMPANY IN INDIA?
Requirements depend on company to company. There are some general requirements, and those are: 1. Experience in Pharma Sector. 2. Good Workplace or warehouse. 3. Drug License number. 4. GST Number and every other legal document. 5. Connections with doctors and hospitals.
WHAT ARE THE FACTORS ONE MUST ACCOUNT WHILE CHOOSING FRANCHISE PHARMA COMPANY?
Choosing a Pharma franchise company is most important of all factors. As it is the very first step, any wrong move can lead you to the wrong way. That is why there are some factors that you must account for while choosing PCD Pharma Company. Below are some factors: 1. Brand Name of the Pharma Franchise company 2. Product Range 3. Products Packaging 4. Company Certification/Approvals 5. Availability of Products 6. Location of the Pharma Franchise
Who will be responsible to market the products?
Marketing/Selling of products you will be managing on your own; while company will provide you promotional material for marketing support as given in offer letter. All the marketing & distribution is done by you. Company will not be providing medical representative or any kind of training.
What will be the minimum amount of investment? Any franchise deposit/ shop or space required?
As per company norms you don’t need to deposit any amount to take franchise but there is minimum amount of 30000/- required to start your business, for this 30000/- you will get products & other promotional materials Even there is no compulsion to open up a shop or take a specific area from company’s side. That is totally depend on your choice.
Expiry or damage of products?
From company’s side you will get long expiry products (i.e., after twelve months expiry or even more) but company will not accept any products that is sold out unless there is any quality related issues. Also, company will not provide any claim on damage that occurs in transit; concerned transporter will be responsible for the same.
Who can apply for Pharma franchise?
Doctors, Chemists, Medical Representative, Medicine Wholesalers, Retailers, or any individual who has experience in pharma industry of more than 5 years.
Why Pharm franchise is better than doing job?
You can be the sole owner of the company & not just an employee working under some manager. Huge profit margin. Immense growth that depend on you how well you take your business. Solely responsible for decision making.
Is there any sales target?
Company will give you certain sales target on the basis of your chosen area, district or territory that you have to achieve on an average monthly or quarterly. This is the criteria that need to fulfil in order to get monopoly rights.