Are you interested in exploring the pharma industry? You may have heard of PCD, or Propaganda-Cum-Distribution, which is essentially a franchise business. Many people are starting to see the advantages of investing in PCD, thanks to its local and global reach.
PCD franchise businesses often rely on PCD pharma distributors for their products. If you’re interested in running your own business, consider becoming a distributor. Pharma distributors hold major responsibility in promoting and marketing pharma companies, often considered the organisation’s backbone.
There are two types of PCD pharma distributors: single-party and multi-party. Single-party distributors are in charge of purchasing drugs and other medicinal products from manufacturers to sell them independently. Often, these distributors work on a small scale, only distributing products to companies in their area.
On the other hand, multi-party distributors are quite the opposite. They purchase drugs and medicinal items from a manufacturer then appoint these products to lower-level distributors. Some people may refer to them as first-party distributors, while the lower-level distributors are the second-party.
What can PCD pharma distributors gain from these business models? Here are a few of their benefits:
- Sizeable profit margins
Both single-party and multi-party pharma distributors have their pros and cons when it comes to performance. However, they do receive good profit margins for each sale, especially in a highly competitive industry like pharma. If you decide to become a distributor, you’ll surely get a good return on investment.
- Being their own boss
The best thing about being a PCD pharma distributor is you get to be your own boss. It’s a business, after all — you choose whom to work with, what to distribute, and when to distribute.
- High-quality products
As a PCD distributor, it would become your responsibility to bring the best medicinal products to your clients. Fortunately, several reliable manufacturers offer hundreds of WHO-GMP certified drugs, ensuring your customers are 100% satisfied.