PCD stands for Propaganda– Cum-Distribution. It’s an innovative business model that has been successfully executing its operation from the first day of the business. The demand for the medicines is indeed. Most people are choosing pharmacy as a career option after seeing the business opportunities in this domain. If you are also one who are looking for the business opportunity in this one, then go for PCD pharma franchising.
PCD Pharma Business
This business model is helping the young businessmen who want to start their own PCD pharma companies. Because being your boss comes with a lot of flexibility and freedom. There are numerous benefits you will get when you venture into the pharmaceuticals sector. So, the following discussion will tell you every aspect of this business.
Highlights of the PCD pharma business:
- A PCD pharma business covers only smaller areas so that small investors will get the better return of the investment.
- You don’t need extensive qualification and education to open PCD pharma business.
- The notable factor the PCD pharma business is their product range is limited.
- The PCD models have a direct network to the clinics, chemists and retailers. It implies that they have an extensive distribution network.
- Only marketing skills are required to run this business model.
How to open a PCD pharma business?
- Choose the business entity, like a sole proprietorship, private limited, LLP or partnership.
- Once you choose the business entity, apply for drug license and GSTN.
- When you get the drug licensed, you need to plan the products range, brand names, marketing strategy and inputs.
- Find a reliable manufacturer, who will manufacture the products in your trade name.
- Hire a team of sales who can expand your network by reaching out to the PCD pharma distributors and bring them on-the board.
Benefits of PCD Pharma Business:
There are so many benefits of running a PCD pharma business. Below we have mentioned the common ones.
Low risk:
When you take a franchise of an established company which already has a renowned position in the market, there will be no such risk associated.
Have monopoly rights:
When you work as an authorized leader, you can enjoy the benefits of a monopoly. You have an opportunity to choose marketing methods.
Cost-free marketing:
This company supports you in marketing the products like they offer free pamphlets, brochures and more.
Tips for choosing the right PCD company:
Product Profile:
Always select the company which offers you an extensive range of product profiles. Some companies do not offer you a wide variety of products that will harm your business growth as well. So, while choosing the PCD pharma company check its product profile.
Customer services: Always select the company which has round the clock customer service. In the event, if you face any query regarding the products, you can share your queries with them effortlessly.
Presence:
Select the company which has high credibility in the market. An experienced and reputed company always help you in the business and resolve your queries effortlessly.