The reliable pharma companies have a wide range of pharmaceutical products which is enough to start a well-established pharma business. This blog illustrates the difference between the own brand and PCD franchise business so that you can easily choose the right option for you.
Why should I start my own brand? If you want to be independent and not restricted by any set rules or regulations, building your own pharma brand may be your best bet. You can choose from a wide range of products and customize them according to customer preferences. However, remember that it is important for branding companies like Johnson & Johnson Inc., GlaxoSmithKline (GSK) Ltd., Abbott Laboratories Inc., etc. To research consumer behavior before launching new products because if there is no demand then it’s useless to spend money on developing those drugs which will not sell well in the market!
If you are looking to start your own pharma business and wondering how to go about it, this post will help you. Here we will discuss the two major options for setting up a pharmaceutical business in India. These are:
a) Starting a PCD Pharma Franchise company OR
b) Building your brand
Pharma Franchise: An Overview
What is a Pharma Franchise?
The pharma franchise business is one of the most profitable businesses in India today. A pharma franchise offers various services like pharmaceutical manufacturing, marketing, distribution and supply of medicines and healthcare products to patients. Anyone can start a pharma franchise with the help of the right company that provides quality medicines at an affordable price.
What is PCD-pharma Franchise?
PCD (Pharmacy Contract Dispensing) refers to dispensing drugs on prescriptions written by doctors only within registered pharmacies under strict rules laid down by law. The PCD scheme allows pharmacists to dispense drugs based on prescriptions written by doctors only within registered pharmacies under strict rules laid down by law.,
It can be said that PCD pharmacy has become increasingly important for small towns as well as big cities due to the growing demand for medical services from people living there who have no easy access or proximity to hospitals or clinics because of the long distance from the place where they live.
What Is A PCD Franchise?
What is a PCD franchise?
A PCD franchise is a business that sells pharmaceutical products, such as medicines, OTC drugs and cosmetic products. The PCD franchise has three different distribution networks: retail pharmacy (OTC), consulting pharmacy (OPHC) and direct marketing (DM). The primary difference between these types of distribution networks is the way they sell their products to end customers. In the case of retail pharmacies or OTC stores, salespeople will be required to sell directly to customers at their stores or through online channels like Amazon India or Flipkart. In contrast, consulting pharmacies will provide advice to customers who have already purchased the product online but do not know how best to use it to treat their ailment effectively. Finally, there are direct marketing franchises which sell directly from their own websites but also partner with other companies who have e-commerce websites like Snapdeal etcetera…
What Is a Pharma Marketing Business?
Pharma Marketing Business is a process of promoting pharmaceutical products to customers through various advertising channels.
Factors To Keep In Mind For Choosing A Right PCD Pharma Company
The right pharma company will ensure that you have access to all the above-mentioned factors. The best PCD Pharma Company will help you achieve success in your business. Here are some of the things that determine whether a Pharma Company is good for you:
- Choose a company with good infrastructure and investment power
- Choose a Pharma Company with a wide range of products available from them
- Choose a Pharma Company which delivers high-quality products at reasonable prices to its customers
Benefits of Choosing A Reliable PCD Pharma Company
- Quality of products
- Promotional support
- Monopoly rights
- Customer service
- Timely delivery of products to their customers.
Benefits Of Pharma Marketing Business
Your own pharmacy marketing business is not like any other business. It provides you with the opportunity to earn high profits, work as per your will and have exclusive marketing rights for your product. These are the benefits of the pharma franchise business which make it different from all other businesses.
Light on investment, less capital investment required and easy to run the business make it more attractive for new entrepreneurs who want to start their own venture without taking much risk or financial burden.
So if you want to be a successful pharma franchise owner then don’t waste your time resolving things that are not important but focus on what really matters, such as how much money I can make?
Which One is Better, Building Your Own Brand Or Taking Distinctive Monopoly Rights?
There are pros and cons to both. The biggest advantage of starting your own pharma brand is the satisfaction you get by making your own product. You don’t have to answer to anyone, you can do what you want with it, and if it becomes profitable, then all glory goes to you.
The disadvantage is that it requires a huge investment in terms of money, time, resources and manpower. You also need patience because building a pharma brand takes years before it starts making profits for its owner. With the PCD franchise business model, there are no such risks as minimal capital investment and limited risk involved in this business model makes this opportunity very attractive for entrepreneurs who want to become successful businessmen but do not have much money or time at their disposal or both these factors together make them reluctant about starting their own pharma brands
With the PCD franchise business model one needs not to worry about high initial capital investment since all that is needed here is an affordable amount – just Rs 1 lakh – which can be paid as monthly installments over three years before getting into the production phase which will take another six months after signing an agreement with company owner/franchisee
You’ve come a long way in this post. You now know the ins and outs of starting your own pharma brand or franchising a PCD Pharma franchise. Which path is right for you?
The choice is yours: we can only help you make it. But in my opinion, if you want to get into the pharmaceutical industry, the PCD Pharma franchise business is the better option because it offers more freedom and flexibility than starting your pharma brand.
Don’t take our word for it though; do your research, come up with a good business plan (including sales projections), talk to experts (we offer free consulting), and then make an informed decision that works best for you!