The Real Cost of Establishing a Medicine Franchise Company

Compared to all other industries, pharmaceutical business is considered as the most profitable trade. Since many decades, this industry is continuously growing globally. Not just the pharmaceutical product manufacturers are prospering, but the medicine franchise companies are too growing significantly. So, most established businesses and new entrepreneurs are looking for opportunities from pharma industry.

Becoming a Pharma Franchise in India:

The franchising business model is considered as the most efficient way to expand the market and increase revenue. Indian pharma industry is growing very fast and becoming competitive with the inclusion of many new companies. The number of manufacturers, marketers and franchisees is growing significantly in India.

At the present time, the trade of Propoganda cum Distribution or PCD companies in India is continuously rising up. There are many other types of franchise options also being available to choose from. All of them have different set of advantages, limitations and requirements. So, before you start such a business, you need to check all perquisites.

Investment Planning for Starting a Pharma Franchise India Company:

1. Security – To become an authenticated marketer or franchise partner of a pharma manufacturer, you have to apply for the same. The root company will verify your application form and check your expertise, experience and efficiency. After getting the approval, you have to pay a certain amount of money as security deposit, capital money or minimum investment.
2. Operation – Right form establishing your own office to making it functional, you have to arrange extra money for it. Rent of the office and warehouse building, vendor license from local authorities, other licensing fees, staff payment, etc need to be calculated as investment and business operation cost.
3. Advertising – In the current market scenario, all sorts of businesses are striving to sustain and faceoff the competitors. So, innovative advertising campaigns could save the businesses and increase the sales or revenue. Being a medicine franchise company, you too need to invest in advertising. Ranging from traditional print media to television and internet media, you have to check all the opportunities.
4. Marketing – The manufacturers or root companies assure support in creating and executing marketing strategies to promote the products and increase selling. They also provide product samples and other advertising merchandises to the registered pharma franchise in India.
5. Stocking – Being a pharma franchise India Company, you need to invest in getting the warehouse ready. Freezers to other specialty medicine storage equipments, you need to buy or rent everything by your own.
6. Transportation – The PCD companies in India also have to arrange vehicles and staffs for delivering the products to retailers, stockists and sub- stockists. In few cases, the root company or its C&F agent pays for the transportations from central godown to your warehouse.
7. Tax – To operate business in any state or district, you have to pay the required taxes to the government. It varies according to the pricing of the products and many other factors. Sales tax and some other extra taxation will be solely paid by you as the franchise company owner.

More information on the monetary requirement for establishing a pharma franchise business can be found at the information desk of pharmaceutical companies.

Author Information :-

Danil Vieat is an experienced pharmaceutical sales professional. He shares tips on starting a franchise pharma company. He discusses more on opportunities available for medicine franchise or pharma franchise in India. His advices on nurturing pharma company for franchise helped many pharma franchise India business grow.

Danil Vieat is an experienced pharmaceutical sales professional. He shares tips on starting a franchise pharma company list.