Finding the best PCD pharma franchise company in India requires a lot of research. You must know all the factors that make a PCD company worthy of your investments. These include the general factors regarding the company (the company and brand name, public reviews) as well as the product range, monopoly rights, quality certifications, company background, and miscellaneous services. In this article, let’s go over 10 things to look for before you choose a PCD pharma franchise company that is most suitable for your business.
10 Tips to Choose the Best PCD Pharma Franchise Company in India
Company/Brand Name
Your first association with a PCD pharma company is with its name. Once you collaborate with a PCD company, you will begin using their name, trademarks, and other symbols that are a crucial part of its identity.
Therefore, you must find a PCD pharma company that has a memorable, distinct, and self-explanatory name. This will help you stay relevant in the market in the long run.
Product Range
The products that a PCD pharma company deals in will determine the products you can take to the market. However, if you’ve already decided the type of products you want to deal in, you can browse through different PCD pharma companies and find one that best fits your requirements.
For instance, if you want to deal in Allopathic or Ayurvedic medicines, then you can collaborate with a PCD pharma franchise company like Vivaceutical.
Product Packaging
Most PCD pharma franchise companies take care of the packaging of all their products. However, that is not enough. The quality of packaging also plays a vital role. Just like the brand name has an effect on your reputation, so does the packaging of the product. Since this is the first impression that a customer looks at, the packaging should be pleasing for the eyes.
Apart from the aesthetics, it should also fulfil its purpose. The packaging should cover all the following: composition, warnings, how to use, manufacturing and expiration date, etc.
Stock Availability
India has a lot of demand for high-quality and affordable pharmaceuticals. In such a case, you require a PCD company that can fulfil the regular demand for pharma products. You must find PCD pharma franchise companies that can promise a consistent supply of the pharmaceutical products that you want to deal in. PCD pharma companies like Vivaceutical provide you with all this and much more, proving to be one of the best PCD pharma companies in India.
Reading through the company’s client reviews on different social platforms can help you to figure out how well the company can keep up with the demands of its clients.
Monopoly Rights
PCD pharma franchises in India are best known for the monopoly rights that they provide. Most reliable PCDs will allow you to enjoy a monopoly over an exclusive range of products in a region of your choice.
In other words, the PCD will only provide you with the products of your choice so you can sell them at your convenience. This diminishes all chances of competition in your area, therefore reducing business risk substantially.
Quality Certifications
While looking at the product portfolio provided by the company, you must also dive into the certifications that the company has. To be clear, the best PCD pharma franchise company in India will be WHO, GMP and ISO certified. Along with these, the products manufactured here would comply with all quality standards, both domestic and global.
Customer/ Client Reviews
When you’re trying to find the best PCD pharma company, going through its google or yelp reviews might help. These will help you learn whether the PCD fulfils all its promises regarding the type of products, consistent availability, overall services, and more. Reviews can give you an insight into more hidden aspects of a PCD’s work.
Look at the company’s website to find all its social handles. You can then browse through these pages and look at what their previous or existing associates have to say.
Promotional Inputs
The promotional material provided by a PCD pharma franchise includes visual aids, bags, catch covers, brochures, visiting cards, writing pads, etc. These materials act as marketing aids that you can use to popularise your business.
PCD pharma companies that do not provide these basic amenities to their clients are not worthy of your investment.
Company Background
The history of the company is also another crucial factor to look into. From how long the pharma franchise has been set up to its financial history, its goodwill in the market, and more; a lot goes into deciding whether a PCD company is suitable for you or not.
The company that you associate yourself with should be completely transparent with you regarding its overall structure, its past financial statements, and future growth plans. Go through the company’s past audits to check if it has been financially stable or not.
Terms and Conditions
As a potential associate, you must go through the pharma company’s terms and conditions carefully. Learn about everything that the company is ready to provide and to what degree. Check whether they have set up any monthly, quarterly, or yearly targets for you to accomplish. Also, look into the payment method that they follow.
Also Read: How to Start a PCD Pharma Franchise? A Step-by-Step Guide
Is Investing in a PCD Pharma Company Profitable?
Investing in PCD pharma franchise companies is a brilliant way to kick-start your career.
You Require Low Investments to Get a PCD
One of the businesses that are the easiest to establish without requiring any substantial investments is a PCD franchise.
PCD Pharma Companies are Profitable
The company allows you to become an independent business owner, conduct business at your convenience and earn a great profit margin on every sale.
You Enjoy Monopoly Rights Under a PCD
Collaborating with a monopoly PCD pharma franchise company means that you’re free from any competition in your region. No other franchise owner can sell the same products in your area.
Associates are Free From All Sales Targets
A pharma franchise does not have to comply with any monthly or yearly sales targets. In most cases, franchises are free to operate as they deem fit, without any external interference from the parent company.
Franchise Owners Can Freely Manage Their Business
PCD pharma franchise associates manage their business as entrepreneurs. The PCD has no control over the franchise and cannot interfere in their working structure.
Ending Words
A pharma franchise business is currently the most profitable business in India. However, due to its popularity, there are hundreds of PCD companies that make grand promises to their associates but are unable to deliver. To avoid such a situation, you can browse through PCD pharma companies in India and find one that fits your requirement.
Here’s a summary of what to look for:
- Look for a PCD pharma franchise that has a distinct and attractive company and brand name
- Browse through top healthcare companies in India and find one that provides the best pharma product range
- Choose a company that provides good packaging and delivery services along with promotional inputs
- Go through client reviews and learn about the stock availability and overall service of the company
- Check whether the company and its products comply with all global and domestic quality standards
- Look into the company’s financial background and the terms and conditions of the company
Following these points, you must be able to find a suitable pharma franchise company in India.
