Pharma Franchise Business
PCD Pharma Franchise Business in India – Indian Pharma Franchise market size is around 20 billion Dollars i.e. 1 lakh 32 thousand crores and in the next 5 years it is likely to grow by 20% CAGR. This means that the Indian Pharma Franchise Market is so large that it has the capacity to absorb thousands of young people as a business person.
As a entrepreneur, this market can be made very well. For example:
How to Start PCD Pharmaceutical Franchise Company
By opening the drug store
Become a stockist or wholesaler
Starting the clinical laboratory or Diagnositic lab
Starting the hospital or clinic
Marketing of Pharma franchise products etc.
How to start Pharma Franchise Marketing Business ?
What does Pharma Franchise Marketing mean ?
When you go to a doctor for treatment, tie several times some medical representatives (MR) are also sitting in the waiting room of the doctor. They MRs are the employees of the Pharma Franchise company and they talk to the doctor about their Pharma company’s products and make them available on chemist shops. Once the doctor understands, he prescribes his
Pharmceutical Franchise to the patient and ultimately the patient demands them at the shop of the dowry and in this way these drugs are sold.
Basically the work of Pharma Franchise Marketing is you have to promote your chosen PCD Pharma Franchise in the market. So that they can get more sales and promoting work is done primarily by joining doctors and convince them to prescribe those Franchise. Generally speaking, the marketing of marketing is done by the MR working in the pharmaceutical
companies, but you can do the job without becoming an employee of any company.
Let’s know how to do Pharma Franchise Business without Employment ?
There are two ways to marketing of PCD Pharma Franchise :
First: You register your company and marketing Pharma Franchise under it. In this way you can manufacture Pharma Franchise yourself or by buying PCD franchise from pharmaceutical companies, marketing them in the name of their company.
Second: You do marketing the Pharma Franchise company’s product without making a company.
The second way is a little straight forward and if you are not much in the PCD pharmaceutical industry then this is the recommended way of getting started. Let us know about this in detail:
Steps in Starting the Business of PCD Pharmaceutical Franchise Marketing Without Registering a Company
Step 1 : Understand your city’s Pharma Franchise market :
The marketing work of PCD Pharmaceutical Franchise is not very difficult. If you have experience in the pharma industry and you want to start this work. Understand the market of PCD Pharma Franchise work and overall Pharma Products as you invest your time and money in this work. You can also work as a Medical Representative in any Pharma company.
By walking around the market, meeting with doctors and chemists, you will know which types of Pharma Franchise are sold and which Franchise you can make as part of your marketing portfolio.
Step 2: Select the Pharma Franchise to market:
In the beginning you choose some Products of Pharma Franchise and just marketing them. Together, also decide whether the products will be processed by the pharma Company.
Step 3: Arrange Mini investment
Arrange some investment to start the Pharma Franchise business you will have to bear a some of expenses for bulk Pharma prosucts delivery from Pharma Franchise company
Step 4: Make a Team
If you can add a partner or employee to some experienced person with you then it will be good. However, it will also depend on your budget. Most people start singles alone. If you want to work alone, then you ignore this step.
Step 5: Place the order of Pharma Franchise Products
To start a business from any company, you have to make a stockist or wholesaler, and because you are doing it as a person, therefore, if you want to take Pharma Products from the Pharmaceutical PCD Franchise company, then you should contact stockists or wholesalers of the company.
For Example :
You are doing Pharma Franchise Business as an individual any where in India and you have to take PCD Pharma products from Biophar Lifesciences locate in Chandigarh. So you have to do these things:
To know the Company’s stockist and talk to him and tell his your requirements
Contact the company and place your order and make payment.
Company will be sent goods to stockists
You have to collect goods from stockists.
The stockists will have to pay GST on your goods. So he will charge you some money to pay GST+ this facility.
This is because the stockists have to pay to the government as GST and they want some benefit too, therefore, you have to pay some extra.
Step 6: Now start marketing these Pharma Franchise Products
After getting the Pharma Franchise, you can start marketing. You can work with doctors to prescribe your Pharma Franchise to people. For this you have to use some marketing tools-
Prepare a folder related to your Pharma Franchise Products
Keep the leaflets of Pharma Medicine
Keep free samples
Keep Reminder Card etc
Reminder Card : This card is written on the request for your Pharma Franchise products patients to be written. Be sure to use this card, you can not meet with Dr. every day, but you should ensure that these cards are present on the Doctor desk. This increases the chances of getting your Pharma Franchise prescribed.
How much can this earn from PCD Pharma Franchsie business ?
Because it Depends on many things. Therefore no specific number can be given, but if you buy 1 lakh of goods from the PCD Pharma Franchise Company and you sell it whole. So your earnings can be 60-70 thousand.
Some other important points:
Do not run behind very big doctors at the beginning, work on small doctors located somewhere far from the city.
This is a business of credit, you do not get the money when you give the goods. So keep a firm note of your work.
Be patient for success. The doctor who initially may have been able to give you weight for the first time, and later also give you a good business.
Provide good and timely service to your stakeholders (Doctors, Chemists, etc.)
You will only have to pay an income tax on earnings from this work, even if you do this by making a company. So you have to pay many more taxes. And too many records should be kept by the maintenance.
Click Here and also read our related Post Pharma Franchise in all over India
For any information about PCD Pharma Franchise Business & feel free to Contact us at : http://www.biopharlifesciences.co.in/