DELHI, India, Oct. 17, 2016 /PRNewswire/ -- For the past few years, the concept of Pharma PCD (Propaganda cum Distributorship) or Pharma franchise has been taking over the Indian pharmaceutical industry. It is because of some unique features it has.
What is Pharma Franchise?
Pharma Franchise/PCD is basically monopoly marketing and distribution rights given to a pharma professional, group or distributor by a Pharmaceutical company. The franchise owner is in charge of marketing and bringing in sales.
To better understand, suppose one is Pharmaceutical Medical representative for the past few years and has a good network of doctors with whom they are in contact. After some time they wish to start their own business. In this case, they can leverage their network to their benefit.
One will approach some good pharmaceutical companies and request for monopoly rights in their region. After some documentation one will have sole distributorship of that company in their area and profit from all sales that they generate using their network of prescribing doctors goes in their own pocket.
How to Choose a Company?
Here are a few things one needs to look out for:
1. Existing Market presence of that company.
2. Quality and variety of promotional material offered.
3. Certifications that a company has.
4. Product Quality of that company.
5. Customer support and Product availability.
What Promotional and Marketing inputs one would receive if you take Pharma Franchise of a company.
Here are a few common items provided by most of Pharmaceutical Companies.
1. Visual Aid
2. Working Bags
3. Product Cards/Brochures
4. Reminder Cards
5. Catch Covers
6. Writing Pads
8. Visiting cards Etc.
How much can one earn by becoming franchisee of a pharmaceutical company?
Pharma Franchise is like one's own business. It depends on one's network, capacity and willingness to work. Higher sales mean higher profit. With an average turnover of about 1,00,000 per month, one can earn upwards of 35,000.
Some companies like Vibcare Pharma are providing innovative PCD Pharma opportunities to its customers with the help of technology, which is helping them to achieve higher sales. If someone is looking for Pharma franchise, Vibcare Pharma is highly recommended.
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SOURCE Vibcare Pharma