Are you someone who is looking for a good business opportunity and also wishes to have a stable career in the Medical industry? What are the parameters to choose the correct PCD Pharma Franchise Company in India ? These are a few questions that are significantly posed by individuals around the world who are new to the Pharma business. So here we bring you how to pick the best Pharma Franchise Company for your Golden future; read on to find out about it.
Pharmaceutical Industry is being ranked as the third-largest industry as it is packed with firms that are various in numbers and work for enormous scopes. A Pharma organization needs to be dedicated which deals with more reliable prospects. So before picking a Pharma franchise in India it should calculate the net price and also the profit margin.
How to choose Pharma Franchise in India?
First of all, PCD stands for Propaganda Cum Distribution. It is critical to choose an organization that addresses every one of your issues and meets your expectations however before that the organization ought to be legal and reputed.
1. Learn about the goodwill and history of the company:
Who will like to invest in a company which has no history or a good background? No one. One needs to dig the records and only the reputed company will be able to deliver the best to you. And to judge the credibility one first needs to take a look at the goodwill of the company which will encourage you to have a positive outlook towards a company. Here are some points to consider while checking the efficiency of the organization:
– Take a look at the client surveys
– Check the previous benefits and the profit from speculation
– Also investigate the balance sheet of the organization for at least recent years
– Monitor its web-based media procedure.
2. Important Certifications & Approvals are Mandatory:
As per the industrial standards and government guidelines a legal and reputed company will always follow the rules and regulations that need to be followed thoroughly by a Pharma company. So, if a Pharma Company has all the necessary documents and certifications, it is like a safety that you are investing in a good firm that is legal and reputed.
Documents and Certifications to see for a good Pharma company:
– ISO 9001:2008 for quality administration
– World Health Organization (WHO) and Good Manufacturing Products (GMP) accreditation for assembling units and plants
– (FSSAI) Check for food handling and standard authority of India
– Drug License Number and Tax Identification Number is vital
3. Product Portfolio
All the top Pharma franchise company in India offers the products with good quality and DCGI approved for better success. And most importantly the company should consist of different medicines available according to your demand of tablets, capsules, ointments, sachets, syrup, and oral suspensions also.
Here are few points to consider:
– Variety of products list they are offering
– Profit margin on each medicine
– Products should be affordable and should not exceed 25 % to 30 % of the MRP
– DCGI approval is mandatory
4. Marketing Support
PCD Pharma Companies are based on the packaging of the product and it certainly helps the agencies to beat the competitors by creating a powerful brand image and for that, they take help of MR bag, brochures, Pamphlets, Catch covers, diaries, pens, and free samples are very much useful in marketing a PCD Pharma business successful.
5. Customer Service:
After checking on all the above points one needs to look towards the customer service point which is usually ignored while selecting a good PCD Pharma Company. And if you want a quick redressal of your complaints and issues, one should choose a company which provides excellent customer support and service.
Summary
Hence these are the points to be considered before choosing a correct PCD Pharma franchise company in India. And to conclude I can say that PCD Pharma Franchise is a great Pharma business in India as it will help you over the long haul.
Author Bio
Mr Viral Kotecha is an independent consultant pharmacist from Manipal University. He aims to serve his patients by preparing medications and multidisciplinary health care. And being a team player he keeps his patients’ wellness and care on priority. His experience of working with Pharma Industry is exceptional and it has also helped him too easily navigate new terms and technologies in the Medical sector. As of now he contributes his team efforts for accomplish related results as needed and he also looks forward to plan and fulfill the long term and short term goals.