Tips to Choose Best PCD Pharma Franchise Company – Want to select the best PCD pharma franchise company? Looking for tips to choose the best for you? Pharmaceuticals industry is a blooming one which is soon to be one of the best industries. The Indian pharmaceuticals domain is third largest globally in terms of volume. If you want to extract the best benefit out of this, you have to make the best choice. Here are some
tips to choose best PCD pharma Franchise Company.
Propaganda Cum Distribution is full form of PCD in pharmaceuticals industry. This is a popular concept which has taken the pharma industry by storm. Under this, the company does not appoint medical representative or sales rather they request people from other states and cities to promote the products in the form of franchise.
Small & medium pharma company can fully benefit of such companies. Even the individuals can make good profits out of the franchise offer. Looking for best tips to choose best PCD Franchise Company? Here we go!
Guideline For Selecting Best PCD Pharma Franchise Company
Before you go through any other things, it is essential to make a good selection of the potential company! You are going to invest your time, money and energy in this company. This business is purely a mutual benefit work. Thus, a good company is a guarantee of bright tomorrow. Here are some tips to choose best
PCD Pharma Franchise Company for you.
- The Company History: It is very crucial to be informed about the company history and make sure that the company is legal and registered and not a hoax. It is the first safety measurement you should take. You are investing your money! Thus be safe on this side.
- Name: An attractive name will always be easy to remember and even prescribe. Thus, choose a company with an easy to recall name. It should be catchy yet simple and not too fancy.
- Check the Audits: A stable future can only be promised under the circumstances where the company is financially stable. Thus, it is best to go through the company audits i.e. balance sheet of previous years. Also, look at the profit margin they are providing to its associates. This will help you know if the company is worth investing for good ROI expectation.
- Know About The Product List: The Company should offer a good list of pharma products. It is best to know the demand in the place you are seeking PCD franchise. A long list may be helpful but the availability of demanded products can be a boon in the long run. Also, make sure that the products are available every time.
- Legal Authority: A certified and approved company should be you aim because a legal company stands all the quality tests & stands as a genuine candidate. You should make sure that it is
1.ISO certified.
2. World Health Organization (WHO) and Good Manufacturing Products (GMP) certified.
3.Drug License No. (D.L.) Number and Tax Identification Number (TIN)
- Quality Of Products: associating with the pharma industry surely means precautions. Be careful what you offer. Thus, keep strict check on the quality of products that are being offered to avoid any chaos in near future. The products should be certified and approved by
1.Food Safety & Standard Authority of India (FSSAI)
2.Drug Controller General of India (DCGI)
3.Food & Drug Administration (FDA)
- Reviews Are As Important: Take into consideration various views. Internet is a good place to view reviews as well as it is best to have a face to face conversation with someone who has worked with the company for assurance.
- Good Packaging: Quality is the main thing but packaging related to psychology of customers. Attractive packaging is seen as a quality product. Thus, choose a PCD pharma company which is qualitative yet offers attractive packaging.
- Marketing Agreements: To be bound by legal agreement is a good thing but make sure you pen it down on paper to avoid clashes in future. Many times company can make sudden changed which may not be written in the agreement like increase sales target or like that. Thus, make your terms and conditions very clear & to the word to avoid any kind of loss in near future.
- Benefits Being Offered: The point which makes every company differ from one company to another. Look what the PCD Pharma company is offering like Promotional inputs or marketing inputs like bags, cards, calendars etc. to the additional to it gifts for doctors
Investment, Funding and Payment Mode: Compare the investment planning with different companies for better idea. It is best to go with company offering credit during crisis of funding which is common phase in every business. Look at the mode of payment if it is cash or cheque or online payment. Be careful if you attempt online payment as you can be trap into phishing which is a hoax mode of robbery or conning.
