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 Sales professionals or PCD distributors to choose best suitable PCD and Franchise Company for own marketing.
Heavy advertisement in drug books, yearbooks, medical journals, online portals, social media and news papers become trend and necessity to create market presence and increase sale but these ads also make choice difficult. But attractive ad, long product list doesn’t grantee for good company.
If you will enquire through business portals, then that makes situation more difficult. Spam mails in your inbox, continuous marketing calls from unlimited companies. After matching prices and product list of different companies, one can end-up 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.
That’s the truth of today’s market scenario. But not all Pharma franchise Companies are same. Very reputed and professional Pharma Franchise companies are also available. So, it become necessary to choice a good Franchise Company, otherwise you will lose your sale and in mean time you relationship with doctors.
We are 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.
Flexible Terms and Conditions:
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.
Certifications:
Check for certification if applicable like GMP etc.
Monopoly Right Agreement:
One should clarify all his territory where you want to market 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.
Target:
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.
Discussion:
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. We 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.
Above points is of best of our knowledge, but you have to look after more other aspects before associated with any PCD or Pharma franchise Company.
If you want, you can contact us for Pharma Franchise consultant;
mail us at pharmafranchiseehelp@gmail.com or through contact box..
Thanks for reading…
Hope for best…
Related Articles:
- What is Pharma Franchise? How it works?
- How to become Pharma Franchise Distributor?
- Things to consider before selecting Pharma Franchise Company
- What is the difference between pcd pharma and franchise pharma?
Touche. Sound arguments. Keep up the amazing effort.
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Can any manufacturer pharma company give there product as PCD franchise basis by there own name.. N If yes how to select best one to start PCD Franchise. . Kindly suggest.
Any pharma manufacturer who have pcd/franchise base marketing can give their own brand name products at pcd basis.
Remove selection requirement in above article