As competition is increasing, daily new Pcd Pharma Franchise Companies are entering in the market. Some companies create presence in market, some struggle for existence. It becomes more difficult for Pharmaceutical Distributors or Marketing professionals or PCD distributors to choose best suitable PCD or Franchise Company for their self.
with wrong choice. You will place order but only few products will be available and remaining will be in process or from nearly 250 product’s product list, they will have only 150 products and 100 products will be for display only.
your sale and in mean time you relationship with doctors.
I am discussing about few aspects you should clear from PCD Company before associated with anyone:
Availability of Product:
You should confirm before clearing payment that – All products display in the product list is available or not. If not, ask for which products are not available and reason for discontinuity. If you find satisfied with answer, you can proceed. If yes, whether all products will be continuously available or not. If not, ask for name of product so you can save yourself to promote those products.
It will be good for both of you to clarify all matter before starting business. Whether it is payment regarding, transportation, promotional material supply, gifts for doctors or offers etc. and all things should in written.
Check for certification if applicable like GMP, iso etc.
Monopoly Right Agreement:
One should clarify all his territory where you want to market their products. Take written papers for agreement and both of parties should follow the agreement’s term and conditions. You need monopoly right for your territory so that chances of infiltration can be avoided.
You should confirm that – at any circumstances and any level, company should not impose any target or their condition unnecessary to you. Because once you have started, your money and relationship both will be involve with this process. In any case if company would stop supply to you. Both your money and relationship will damage.
Market Presence and Reputation:
Do R&D about company, you going to be associated. Their market presence, year of establishment, market reputation, previous distributor in your area if any, owner, responsible person for work, all thing you have to find out seriously.
You are leaving your comport zone, coming in your own business, you have to think about all necessary things before start. It is your new beginning. I don’t want to lose your dream. It’s your life; it’s your way of living it. If you get succeed, you will be your own boss. So, choose carefully your Pharma Franchise Company.
Thanks for reading…
Hope for best…
- What is Pharma Franchise? How it works?
- Why are Pharma Franchise Companies backbone of Indian Pharmaceutical Sector?
- What can Pharma Franchise Companies do to build themself as a Brand?
- How to become Pharma Franchise Distributor?
- How to find pcd/franchise Distributors?
- Things to consider before selecting Pharma Franchise Company
- What is the difference between pcd pharma and franchise pharma?