pcd pharma franchise company

Why PCD Pharma Franchise Company is Better than Marketing Jobs?

PCD Pharma Franchise Company

Starting own Pharma pcd franchise company is one of the finest opportunities where a person gets complete independence and it is much better than doing any other business and finding a marketing job. There are many big and successful business around the world which got a universal acceptance, the pcd franchise company is the key to the success of these businesses. Like other sectors, the franchise model also got immense success in the pharmaceutical sector, too. The best part of doing pharma franchise business is that you can opt to work with full monopoly rights from the list of available work areas.

Before getting in comparison, let’s find out the basics of the franchise business and the PCD Pharma franchise business.

 

What is a franchise business?

The franchise is a business model in which the owner of a company makes a legal agreement with an individual and permits him to use his brand name, trademark, product or services. In return, the individual pays a fixed about of fee in form of royalty to the franchisor. Franchise business gives multi-folds growth to a company. It’s like creating clones of one’s business and spreading it in various parts of the country and even across the country.

 

Franchisor/Master Franchise/Franchising company: The company that provides franchise business opportunities is called by these names.

Franchise Partner/Franchisee: The individual who runs the franchise business are called by these names.

 

Franchise in Pharma business

The Pharma sector welcomed the franchise business model and largely getting benefit from it. Now, almost every other Pharma company is in the franchise business and distributing its franchise. PCD Pharma companies offering their franchise and multiplying their business. The secret of mega-success of Pharma business is that in this business both parties benefit. The Pharma company gets expansion and the franchise partner gets an established business to operate.

 

Let’s discuss why the PCD Pharma franchise business is better than Marketing Job?

The basic difference:

The basic difference is whether you do a marketing job or any other high-paying job you always remain an employee but in business, you become the owner of your business from the first day of establishing the company.

Limited growth:

In the marketing job, your growth and income are limited and in case of pharma pcd company in India, there is no particular limit. You can earn and grow as much as you want.

Financial stability:

No marketing job guarantees financial security and independence, wherein the Pharma franchise business you get complete financial security. It means you don’t rely on a particular salary after the month-end here you generate income from the very first day.

Treadmill Running and Running on the ground:

Marketing job or any other job is like running on the same treadmill daily, it doesn’t matter how fast you run you reach actually nowhere. Doing business is like running on physical ground where you cover some distance daily.

Personal growth:

If you are doing marketing job then there is no personal growth, you only contribute to the company whereas in Pharma business your personal growth starts from the day you start your business.

Target:

While doing pharma marketing job, you must meet the pre-determined sales target, whereas in the Pharma franchise business there is no pressure to achieve a sales target. You can increase your profit margins up to any extent by working with the complete range of Pharma Products.

Choose office location:

If you are in a marketing job, you have no choice of choosing your desired office location and in the Pharma franchise business you can choose your office location.

No absolute freedom of taking a decision: 

In a marketing job, you have limited access to present and take your decision and in the Pharma franchise; you are the owner of the business; You have the sole authority to take every decision related to your business.

 

Starting your own pcd Pharma franchise business in India is always a wise choice rather than finding a marketing job. Marketing job binds you, your work according to your boss and company and in the pcd franchise, you are the owner of your business. A marketing job is a salary based, and a commission-based job, whereas in Pharma business you get income from your customers. Any job whether it is a marketing job or other kind of job, an individual gets limited growth whereas in the business sky is the limit. So, it is highly advisable to start your own Pharma franchise company than finding or doing a marketing job in the Pharma sector or any other field.

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Also Read :

Difference between Pharma Franchise & PCD Pharma.

How to Start Pharmaceutical Marketing Company?

PCD Pharma Franchise Companies in Uttar Pradesh

Third Party Manufacturing Pharma

What is Third Party Manufacturing Pharma?

Third Party Manufacturing in Pharma?

 Third-party is not a new concept, all companies get manufactured their products from other companies and Pharma companies are no exception to this practice. The Third party pharma manufacturing concept is highly acceptable in the pharmaceutical Industry these days.

The third-party manufacturing as the name suggests is a process in which a company gets manufactured its products from other party.

There is an agreement signed between the company and the manufacturing company and the manufacturing company manufactures the products as per the contract so the third party manufacturing Pharma process is also called contract manufacturing. This contract can be for one time, for a specified period or it may be a lifetime contract.

 

Third-party manufacturing process:

Prepare a list of products:

The Pharma company must be clear about the products it wishes to get manufactured. So, the first pen down the number of items or quantity you wish to get manufactured. It will eliminate further confusion related to quantity.

Search a good Third Party Manufacturing Pharma Company:

Once you finalize your products list, now find a right and suitable third party pharma manufacturer. Contact him via email or call and let him know your requirements. Meet with discuss things related to price quotation, securities, the minimum quantity they make, timely delivery, mode of payment and things related to packaging, labeling, etc and get done a written agreement before you proceed for payment.

Decide composition and place an order: 

Finalize the composition of products and quantity place your order to the selected manufacturer. Pay the advance and wait for the order completed.

Finalize other details:

Once you place your order complete document and other details with your manufacturer. Check the brand name, labeling, color, design and packaging details. Also, ensure the company name, address on carton & foil.

Documents need to be submitted:

Now, submit the necessary documents with your manufacturer like :

  • Company Name
  • Company profile
  • Owner’s identity card like Aadhar Card & PAN Card
  • Manufacturing agreement
  • Drug License No
  • TIN Registration and Sales Tax
  • Non-resemblance certificate
Delivery: 

Once your products get manufactured, the manufacturer will send you a quotation having details of products and pending payment amount to be deposited. After clearance of the pending payment amount, your goods will be dispatched. Finally, after signing and submission of dispatch documents, you will receive your products.

 

Why Pharma companies get manufactured their products from TPM?

  • It saves time, energy, money, and resources of the Pharma company.
  • Its quite expensive affair to manage own production house, maintenance of machinery, employing specialists, supervision, wages distribution. It’s like managing another company parallel with the current Pharma company.
  • The Pharma company take the backseat and concentrate on its core business once the manufacturing contract is done.
  • The Pharma company get quality products
  • The third-party manufacturers are experts and specialists in their business.

3rd party manufacturing is a profitable venture for both the Pharma companies as well as for the manufacturing company. The Pharma company gets to relax and focus on its core business after getting a contract done with the third party manufactures and the third party manufacturer gets the contract for long term business. It’s a mutual deal in which both parties benefited.

Solace Biotech Limited has a newly launched Ayurveda Manufacturing Unit maintained as per WHO guidelines to do quality manufacturing of Ayurveda products in third party manufacturing. If you are interested for third party manufacturing of allopathic as well as Ayurveda products, you can submit your details here also through inquiry form available at the top to receive the product list or costing along with the minimum batch size.

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Read more :

PCD Pharma Franchise Companies in Uttar Pradesh

What is difference between Pharma Franchise & PCD Pharma?

How to start pharmaceutical Marketing Company?

PCD Pharma Franchise in Uttar Pradesh

PCD Pharma Franchise Companies Uttar Pradesh | Solace Biotech

PCD PHARMA FRANCHISE COMPANIES IN UTTAR PRADESH

PCD Pharma Franchise Companies in Uttar Pradesh provides the business opportunity to the individuals having experience of pharma and for those who are from pharma background.

The most highlighted term these days in pharmaceutical industry is “PCD Pharma Franchise”. Many pharma professionals and entrepreneurs are surfing for top pcd pharma companies in the business sector.

Pharma Distributors in Uttar Pradesh

Pharma distributors in UP are at regular growth and development in this business segment. PCD pharma company in UP provides a platform that is being used by many professionals to earn good profits and also helps to set a well stabled business in the pharma industry.

PCD pharma franchise monopoly medicine usually provides medical representatives to market their products with monopoly rights and distributorship rights of the area defined for franchise in Uttar Pradesh.

ATTRIBUTES TO BE CONSIDERED FOR TOP PCD PHARMA ARE:

1. Catchy and professional brand names:

The product brand names should be short and crispy that are easy to memorable by the franchise in Uttar Pradesh.

2. World class services:

The services of the top pcd pharma company be such that it creates an indispensable image in the minds of the customers.

3. Wide product range:

A good pharma franchise company is recognized by its products. Solace Biotech Limited has a wide range of products including dermaceutical, gynecology, cardea diabetic, dental, ayurvedic etc.

4. Attractive product packaging:

Product packaging should be such at it distinguish its products from competitors and should be durable to maintain the stability of the products.

5. Attractive Promotional Inputs:

The top pcd pharma company will always equip their franchisee associates with latest promotional inputs.

6. WHO GMP certifications:

PCD Pharma Franchise company is recognized by health regulatory bodies such as WHO, GMP and deals with products that are accredited manufactures.

7. Effective distribution system:

To maintain the level of stock every step taken at distribution is mastered and there is no question of any fault practices.

PCD Pharma Franchise with Leading Pharmaceutical Company

Solace Biotech Limited is a well acknowledged and trusted name in the PCD Pharma Franchise business in Uttar Pradesh. We are one of the top franchise companies in India and offers a wide range of pharma products in multiple segments including orthopedic, cardiology, dermaceutical, gynecology, ayurveda etc.

As a pharma company, we offer a range of tablets, capsules, soft gels, syrups, drops, ointments etc. Our product range is comprehensive and offers wide range of products to our franchise associates.

We welcome qualified and experienced individuals to join us as franchise pharma company in Uttar Pradesh and get huge success in pharma business.

If you are from pharma background and have passion and fire to build your business and take it to the sky Solace Biotech Limited offers you PCD pharma franchise all over India with Monopoly Marketing rights criteria and proper support to all our customers.

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Read more:

Choose your Location for starting Pharma Franchise Business

Third Party Pharma Manufacturing Company

PCD Pharma Franchise

What is the Difference between Pharma Franchise and PCD Pharma?

Most of the pharma professionals don’t know what is the difference between pharma franchise and pcd pharma ? Hope after going through this blog, one will understand the difference.

In India pharma sector is progressing at a very high rate. India has been always at prime focus in pharmaceutical organizations for  last many years due to its low labor and production costs. There are two types of business models that are adopted by the pharma companies in India.

  1. Pharma Franchise
  2. PCD Pharma Franchise

WHAT IS PHARMA FRANCHISE??

It is a business model that is ideally designed for individuals with pharma experience who wish to do their business with monopoly rights. An individual works on the behalf of pharma company with their authorization. The aim taking franchise is to make a brand image of company’s products in their area. The person is responsible for marketing, sales and distribution of pharma products of company in a particular area. Monopoly rights helps an individual in better market penetration as there is less competition and high business opportunities.

WHAT IS PCD PHARMA??

PCD full form is Propaganda cum Distribution. The term PCD in Pharma is used in the same sense as a PCD Pharma Franchise with just some minor differences. Pharma PCD is a marketing technique used by the Pharmaceutical companies to retailers to promote their business on a smaller scale. It is suitable for individuals who have less knowledge in pharma field and can generally invest small amount at the initial stage.

 

People often mix up the two concepts however there is a little difference in both the concepts:

  • INVESTMENT:

In pharma franchise there is huge investment as it has a large scale of operations as compared to PCD Pharma business which is usually running in a smaller area.

  • AREA:

Pharma franchise covers a larger area in business aspects whereas PCD Pharma covers a limited area.

  • EXPERIENCE/ QUALIFICATION:

For franchise an individual requires experience of  working as well as proper knowledge of pharma field with documentations whereas there is no requirement of such degrees in the second case.

  • PRODUCT LINE:

In PCD Pharma there are limited products where as in the second one the product list is quite extensive.

 

PCD Pharma and Pharma Franchise are the two different sides of the same coin. It depends upon the experience, knowledge, and interest of an individual to start a pharmaceutical industry.

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How to start Pharmaceutical Marketing Company?

Third Party Pharma Manufacturing Company

start Pharmaceutical Marketing Company

How to Start Pharmaceutical Marketing Company?

How to open  a Pharma company??

The process to Start Pharmaceutical marketing company is not as complex as people usually thinks. You just need pharma knowledge and the documents to start a pharma  franchise company.

The first step is Pharma marketing company registration and after that you apply for Drug License number. In short the basic documents you would required is Drug License Number and GST Number. After getting these documents you can start your own pharma franchise company.

You would be proud to know that the Indian pharmaceutical market is the third largest in terms of volume per year as per a report by Equity Master, a leading equity research initiative. India leads to 20% total volume in the generic market which is a huge amount.

In franchise business pharma marketing is a very broad term in terms of wide range of products that are spread worldwide.  how to start Pharmaceutical Marketing Company? the first and foremost important step for every pharma professional is to decide which segment you want to cover such as generic medicines, Over The Counter (OTC) products, Ethical marketing etc.

To start a pharma marketing company the basic question that comes to the individual’s mind is given below:

FIVE IMPORTANT TIPS YOU MUST KNOW BEFORE STARTING A PHARMA FRANCHISE COMPANY:

  1. Market Research : Before starting any business it is important to study the current market which includes the best location, products, know your customers and market. It is easy to start and gain profits in a pharma franchise company when we have done a proper market research.
  2. Hard Hitting Business Plan: A business plan not only helps us to start a pharma business but will provide a roadmap on which it will be easier to chalk the plans. It includes various decisions about location, customers, product line, competitors etc.
  3. Regulations and Registration: Getting your pharma franchise company registered includes a lot of things to do. You require registration from Drug Department which ensures quality standard of the organization. You also need to apply for Goods & Service Tax (GST) for the same.
  4. Marketing and Distribution: It is necessary to market your products effectively whether it is to the chemists, doctors or to the end customer.
  5. Customer Satisfaction: There is no business that can flourish without its customers. So a proper marketing team of professionals should be there who can especially work on that.

STEPS WHICH HELPS IN STARTING A PHARMA FRANCHISE COMPANY

  • Make a suitable business plan
  • Select a  company name and logo
  • Apply for drug license registration
  • Apply for Goods and Service Tax ( GST ) Registration
  • Finalize your premises for business
  • Arrange required funds
  • Finalize the top pharma company whose franchise you want to take
  • Decide your plan and associate with the pharma company
  • Appoint a team of individuals
  • Finalize marketing tactics and give final touch to the market

On the completion of the above points , now you have your own pharma franchise company ,your own market  and you have one plan to give wings to your dream. So, it’s the time take charge and grab the market opportunities and touch the skies of success in the pharmacy marketing company.

If you enjoyed this post and want more, please share this blog.

Read More:

What is the difference between Pharma Franchise & PCD Pharma?

Know your best PCD Pharma Franchise Company