What are the requirements of PCD Pharma Franchise Company in India?

Posted by albia on December 5th, 2017

All professionals admire growth in their respective sector. For example, if you are a medical representative in a pharma company, you will definitely dream of having your own pharma business someday. It is not very easy but it is not difficult either. There are some important requirements for Pharma Franchise Business which are discussed as below:

  • Experience in Pharma Field

In the PCD pharma business, you alone are responsible for a number of activities such as:

  • Survey for the demand of various pharma products.
  • Procurement of goods from the pharma company.
  • Brand promotion in your area.
  • Consultations with the medical practitioners and chemists.
  • Appointing stockists/ sub-stockists for the distribution of goods.
  • Collection of payments.
  • Distribution of compliments to the medical practitioners.

In order to perform all these activities efficiently and make your business successful, you must choose the best PCD franchise company in India as your Principal & you must have some kind of experience working for some pharma company in the past.

  • Good Workplace

Creating a good work place is essential for the efficiency of the franchise business.

  • Drug License number

It is one of the most vital needs for pharma franchise. Since you cannot purchase goods from any pharma company without drug license as per rules, it forms an integral need of starting franchise business. In order to get drug license number, you can consult the drug inspector of your area.

  • GST Number

You need GST Number to make the purchase and sale of pharma products. This requirement is exempted up to a turnover of 20 lakh/ month as govt regulations, but your Principal Company may still make it a mandatory condition.

  • Stockist

To distribute the goods, you need to appoint a stockist in your area. The stockist can relieve you from the responsibility of distribution of goods to the chemists and collect payments from them, which will otherwise be very tiresome and big responsibility for you.

  • Your Connections play a Key Role

If you want to own a very successful business (as a partner of the best PCD franchise company in India) then you must have good connections with the doctors, hospitals and nearby retailers.

Besides all, the tough competition existing in the pharma industry will further make your franchise business challenging which must be firmly tackled to sustain in the business.

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albia

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albia
Joined: August 29th, 2017
Articles Posted: 15

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