+91 9824382041When you think about different business models in the pharma sector, the choices are many. Among them, the prime choices are to get a franchise or to become a distributor.
These business models have different positive and negative aspects. As the pharma industry becomes more and more dynamic, the business model becomes more lucrative and financially viable.
Joining hands with a big company like Progressive Life Care will be a great opportunity to earn better.
The decision to choose the business model between franchisee or distributorship will pave the ways for your business.
When you know about the details of every option, you can determine which way entrepreneurial plans should be followed.
Understanding the Pharma franchise model
A PCD pharma company manufactures medicines and has the right to sell these products to other people or institutions under their brand names.
This business model is more popular because it has low initial costs and marketing expenses.
When you connect with a PCD pharma franchise company that offers an extensive range of medicines and other products, it is easy to become successful. And it is also easier if the company has a good PCD pharmaceutical product catalog.
The franchise relationship is regulated by specific laws.
Understanding the Distributorship model
If you compare a distributorship, then it is a simpler business relationship. When you work as a distributor, you buy products from the PCD pharma company and then distribute them further to either retailers or directly to the end consumers depending on where you think that the demand is higher.
As far as geographical restrictions are concerned in a distributorship, then there are normally no restrictions.
Thus, flexibility is a big benefit in distributorship. You have a wide range of products and firms to choose from.
You can thus diversify the business. Not only that, distributorship is not bound by strict governance mechanisms.
What is the best?
When you try to evaluate whether a franchise is better or a distributorship for your company, you need to think about what you want to achieve.
If you want to get benefit from any well-known brand name and established reputation of a pcd pharma franchise business in india, then having your own pharmaceutical medicine marketing business is certainly a viable option for you.
The main benefit is the continuous support from the parent company that wants to expand business for both.
But if you are a person who wants to run the business independently and wants to test the limits by innovatively tracking and responding to marketing prospects and requirements, then becoming a distributor is a better idea.
As we discussed, both Franchising and distributorship have their pros and cons in the arena of pharmaceuticals, but more importantly, the choice of yours should serve your business idea, market competence and personal skills.
Whether it is a PCD pharma franchise company of small size or big, the journey as a franchisee or distributor will be exciting if you know the market well.
One has to put wholehearted efforts into establishing the business in the first few years.
Also read: How to Take Franchise of a Pharma Company?
