Top 10 points to consider while selecting Phamra Franchise Company

Posted by vp on November 3rd, 2018

We are going to list 10 points which you must have a look when choosing the best one for your business.

Number 1 point: Brand Name
The brand name of the product should be unique and easy to remember. It will help the doctor to prescribe your product easily because the brand name is easy to remember.

Number 2 point: Company Name
The company name is an important aspect while looking for pcd pharma franchise company in India. It should be the same as Brand Name, unique and easy to remember.

Number 3 point: Packaging of the product
It is another important aspect to consider. Product packaging is the first and last impression of the company when it comes in front of the eyes of the Doctors, Chemists, and Patients.

Number 4 point: Product Range
Check the company's price list. It should be as per your requirement.

Number 5 point: Availability of products
Stock availability is a must for your pharma franchise business. You have to ensure with the company about the product stock. Once your product comes in demand then the doctor can't wait for your product if you can not supply the product when required.

Number 6 point: Promotional Material
Promotional material will help you if you are going to do a long-term business. Look for those companies which provide a good range of promotional materials.

Number 7 point: Monopoly Rights
This is a very important aspect while looking for pharma franchise business. Look only for those companies which offer monopoly rights to its franchisee. It will help you do your business hassle-free because there will not be any competition in your area of business for that particular brand name/company name.

Number 8 point: Payment Terms
You should clear all your doubts about the payment terms and conditions with the company. You may ask for the written document for the Payment T&C.

Number 9 point: Company Certifications
You should check the certifications of the company. Check if they have WHO-GMP and ISO certifications.

Number 10 point: Company History
You must research about the company's history like when it was incorporated, if they have received an award, etc.

If you want to learn in detail, do check the link 10 tips for selecting pcd pharma company

The author of this article recommends a company which meets all these points, Vibcare Pharma.