10 tips for selecting PCD Pharma Company

Best PCD Pharma Company Characteristics

It is not an easy task to find a good PCD Pharma Company without any prior research or guidance. To make it easy for you, we are listing some good points to have a look on;

1. Company Name

While looking for PCD Pharma Company in India, you should look for the company name. It should be a catchy and professional name. It should be easily pronounceable and remind-able. It is an important aspect while selecting PCD pharma franchise company because you will be known by this name in your area of business.

2. Brand Names

It is the same as the company name for the product name. Every product is known and labeled by any unique name to differentiate it from other product as well as the company. So, its name should also be easily pronounceable and remind-able.

3. Product Range

Check the product range of the company. It should be as per your need. Look for the price list of the company and choose the company which has the product range of your requirement whether having 400 products or 1000 products.

4. Product Packaging

Product packaging makes the first impression when it comes in front of the eyes of Patients, Chemists, and Doctors. So, it should be eye catchy.

5. Stock Availability

Availability of stock is the backbone of your business. You must take proper assurance about the regular supply of the selected products. Once the doctor has started prescribing your product then he can't wait for you if you can't supply the product on time because there are many other business owners who are approaching doctor to prescribe their product. So, make sure about it before the problem happens.

6. Promotional Material

Look for the companies who are providing good promotional material like Visual Aids, Bag, Catch covers, MR Shirt, Bottle, Prescription Pad, Brochure, Literature, Visiting Card, etc. These promotional materials are needed to run your business successful in the long term.

7. Monopoly Rights

Monopoly rights are the great aspect of the pharma franchise business. Monopoly rights provided by the company to its associate to exclude you from the competition for the product. This will help you to work freely in your area of business.

8. Payment Terms

You must clarify your all doubts regarding payment terms and conditions. Some companies allow submitting partial amount to help you start. You will have to pay for your rest of the amount later on. You should ask the company for the written document about payment terms and conditions.

9. Certifications

You should look for the company certifications if they are ISO and WHO-GMP certified or not. Companies who have these certifications mean they have the legal authority to produce and distribute drugs.

10. Company Background

It is also an important thing to consider while selecting the best PCD Pharma Franchise company. You should research their background like company's incorporation history, awards, recognition, etc.

Major advantages offered by PCD Pharma Companies

1. Low Investment Required

If you have been planning to start your own work and have good public relations in the market there is a good news for you that majority of pcd pharma companies never require high investment. You can start with small amount of investment that you have in your pocket.

2. Monopoly Rights
You can have a monopoly right for your area of business. They offer a monopoly to make it easy for you to start your business without any competition in that particular area. You will have full control to market and distribute the products across the allotted area.

3. No sales target
There is no deadline to sell the products. It is totally up to you how to do a sale, whenever you want a sale. There is nobody to ask. There are no sales targets on a monthly or yearly basis. However, pharma franchise companies do offer extra benefits when you reach expected targets in a stipulated time-frame.

4. No promotional activities
All the promotional activities and advertising work are done by the pharma franchise company. So, if you don't have time to be part of any promotional activity, you can still do your business.

5. Profitable deal
Propaganda Pharma company doesn't only offer you the opportunity to become self-employed, but also offer you the tremendous source of income without a proclaimed brand name or marketed pharma products.
Such companies offer you the pharma products at a very effective price so that you can easily earn a great margin on every pack of medicine you sold.

6. Be an entrepreneur
You can make your dream come true by being working with PCD Pharma Companies as these companies offer you to make you stand out in marketing and distribution strategy.

Vibcare Pharma is the one you can trust on. It is an ISO certified company having 40+ years of experience in the Pharmaceutical Industry. If you are still confused about which here to choose then here is the list of Top 10 PCD Pharma Companies in India.

How PCD Pharmaceutical Distributors are Categorized

Being a pharma franchise distributor or marketing professional means you hold a major responsibility with regards to your pharma franchise company. The marketing professional plays the role of the backbone of the organization. Lead generation is completely based on their performance and credibility. A fact about these professionals which is less known to people is that there are two categories in which PCD pharma franchise distributors can be divided into namely single and multi-party distributors.

Single party distributors are mainly the pharmaceutical promoters and distributors. These distributors purchase drugs and medicinal products directly from the manufacturer and make further sales on their own. They may directly sell to the client or make the primary and secondary sale as per their marketing strategy. The single-party distributors, basically, carry out their task on a small scale. They have a small area as their target area for promotion and distribution of the products; thus it can be said that they work on a small level.

Generally, they cover some particular district or an encompassed territory. In terms of capital, they generally provide lesser sale however the margin in each sale is quite high as compared to the other category. If the manufacturer is targeting a particular area, this type of distributors can be a considerable option. They may or may not have a personal license for drug selling.

Multi-party distributors have a different plan of action as far as the methodology of sale is concerned. They will purchase pharmaceutical products from a pharma franchise company, which is the manufacturer, and appoint other lower level distributors to dispense the products further. Thus, they are the first party distributor and the appointed ones are the second party distributor. The second party can be the franchise of the first party or another independent PCD party or an individual distributor.

They are responsible for facilitating the promotion and sale of the product in the actual marketplace. When compared to the single party distributors, it can be said that the multi-party distributors work on a larger level. They are the giant pharma distributor having subordinate parties working for them. Possessing a legally obtained drug distribution license is essential for them. Their services cover a huge area like a state or a complete zone.

The PCD pharma distributors are mainly divided into these two categories. Talking about the performance, it will be difficult to say which one of these two is better as both of them have their own positive and negative points. There is a contrast between the margin and sale. While multiparty distributors offer more opportunities for selling a product, the single party PCD pharma distributors provide more margins on fewer sales.

As there is a rising neck to neck competition among the drug suppliers in the pharma market, the manufacturing companies try to strike a balance between the two. They should incorporate both types of distributors into their product marketing strategy so that greater benefits can be obtained. With that said, there are a number of opportunities to do business with a PCD pharma Company and set it as the best source of your income.

Also check our article on 5 Tips for Selecting PCD Pharma Companies