PCD is the short form for Propaganda-Cum-Distribution. This unique and exclusive business model is quite popular in the pharmaceutical industry. In this arrangement, the pharmaceutical company collaborates with an individual entrepreneur, a distributor, or a small business to promote and sell its products in a specific geographic area.
In other words, it is nothing but providing rights to distribute medicines under the brand name of the pharma company. Since the pharma company has established in the market and it supports marketing and promotion, the business has become relatively easy.
Becoming the partner of a reputed company like Progressive Life Care is beneficial for both parties. For the franchisee partner, it is like having a license to operate its own pharmaceutical business within a particular town or city. It can leverage the reputation and bankability of a well-known pharma company.
As the franchisee partner, an individual entrepreneur or business enterprise needs to simply focus on selling the medicines. There are no hassles of manufacturing or branding. Therefore, the business operation is easy and manageable.
Why is PCD Pharma Franchise Company in India a booming opportunity?
As we know, India is the biggest medicine-producing country in the world. With the increasing health awareness and paying capacity, more people are seeking good healthcare. Hence, there is more demand for medicines, tablets, syrups, and other pharmaceutical products.
Pcd pharma franchise company in india makes sure that good-quality medicines are available for each person, even in small towns and villages. Here are some reasons it is a good business opportunity.
- It is a low-investment and high-return business. When one launches a franchise business, it does not require big money. Even a small amount of investment can yield good amounts of profits.
- In the business model, the pharma company provides marketing materials like brochures, samples, and free promotional gifts. Therefore, the franchisee partner finds it relatively easy to sell the pharma products.
- Any pcd pharma company india has a wide range of products because it is usually an established name. The franchisee partner can have a wide range of medicines, e.g., tablets, capsules, syrups, and injections. This provides several choices to sell.
- Increasing demand for healthcare products offers more opportunities to do business in your territory.
The process of launching the PCD Pharma Franchise business
It begins with finding a reliable and well-established pcd pharma franchise in india. It is important to check the list of products and the market image. Partnering with a company with good market credibility and support will be better.
Then, you should read customer reviews and certifications, e.g., WHO-GMP. The product portfolio has to be compared before making a decision.
The next step is to sign a formal agreement between the company and the franchisee partner. The agreement should have detailed terms and conditions related to the partnership. It includes aspects like area for operation, pricing of your products, support in terms of marketing and distribution of the product from the company. After signing the agreement, the business model is ready.
Also read: Why PCD Pharma is One of the Fastest Growing Sectors in India?