With the rising demand for quality pharmaceutical products and better healthcare facilities,
the global pharmaceutical industry has become a profitable industry. On the other hand, the
pharma franchise has become an effective marketing method for the Indian pharma industry.
It can be said that the PCD pharma model allows people to start their own businesses with
minimal investment. However, it has been seen that some people face issues in choosing a
top PCD pharma company to start their franchise business.
Well, you don’t have to worry about this, as here we have mentioned-down some effective
tips that can help you with that. Before diving deep into that, let’s talk more about the pharma
market.
A Growing Industry In the World
Different studies have proved that the global pharmaceutical industry is now enjoying
impressive growth compared to other businesses. In fact, experts have predicted that by the
end of 2030, the value of this industry can go up to USD 1.4 trillion.
Talking about the Indian pharma market, in 201, its worth was recorded at around Rs. 2 lack
crore. It can also be said that the industry is growing with a major contribution from PCD
pharma companies and pharma franchise businesses in India.
So, it is the right to partner with the Top PCD Pharma Company and get a franchise to enjoy
the benefits of the growing pharmaceutical industry.
How To Choose The Best PCD Pharma Company?
Consider The Name Of The Company
As per the experts, you should choose a pharma company with a catchy name that people can
pronounce it easily. The company name will be goodwill for the business. On the hand, you
choose chose a name that comes from the Top PCD Pharma Company as this will help you a
lot in business promotion.
Check the Quality of The Products
You should check the quality of medicines and other pharmaceutical products before offering
that to the customer to avoid issues. Before finalizing your deals, you can ask the company
for a few sample products and get those tested to find out the efficiency or potency of the
drugs.
What About The License and Certifications?
A reputed PCD pharma company always tries its best to follow the laws, rules, and
regulations along with government guidelines to run the business. While choosing a pharma
company for franchising, you need to check some certificates, like:
- FSSAI– Food Safety and Standard Authority of India certificate.
- Company’s drug license and TIN– Tax Identification Number.
- Make sure that it an ISO 9001:2008 certified.
- Don’t forget to check the certification of GMP and WHO.
Check The Product List of The Pharma Company
Go for a company that can offer a wide range of pharmaceutical products. You should also
check the shelf life of the products. Remember that short-term medicines may not be very
profitable for you, and you will face losses. Besides, make sure that the pharma company
offers only DCGI-approved products. And they should be affordable.
The Packaging Material
Carefully analyze the packaging of the products when you receive the sample. Make sure that
the packaging is attractive and customer-centric. Besides, the product should be packed
properly in order to avoid damage or leakage.
What About The Promotional Tools?
Make sure that the company is offering the best promotional products to help you boost up
your business’s presence in the market. Some of the promotional tools that you can expect
from your pharma company are a marketing bag, visual aid, labeled pen, chemist billing
book, reminder cards, and more.
Payment Methods and Terms
Whether you want to invest a huge amount or a minimal amount, it will be all up to you.
However, if you want to start a pharma franchise at minimal investment, then find that
company offering a partial payment option. Don’t forget to make a valid legal agreement
with the pharma company regarding the payment terms and conditions and methods.
It’s Time To Collaborate With the Top PCD Pharma Company
Now you know how to choose the Top PCD Pharma Company, it’s time to partner with the
right one. Only with the best company, you can get better product ranges and full monopoly
rights. Besides, their supports and marketing plans will help you to make your business
successful. So, go on and start your own business now.
